System for facilitating a transaction
First Claim
Patent Images
1. A method for facilitating a transaction, comprising the steps of:
- identifying at least one primary account;
generating a secondary transaction number that is configured to facilitate a transaction;
associating the secondary transaction number with said at least one primary account; and
issuing the secondary transaction number to a first party to facilitate a transaction with a second party, wherein the secondary transaction number is configured to be immediately usable for facilitating the transaction.
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Accused Products
Abstract
The present invention provides a system and method for facilitating a transaction using a secondary transaction number that is associated with a cardholder'"'"'s primary account. The cardholder provides the secondary transaction number, often with limited-use conditions associated therewith, to a merchant to facilitate a more secure and confident transaction.
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Citations
56 Claims
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1. A method for facilitating a transaction, comprising the steps of:
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identifying at least one primary account;
generating a secondary transaction number that is configured to facilitate a transaction;
associating the secondary transaction number with said at least one primary account; and
issuing the secondary transaction number to a first party to facilitate a transaction with a second party, wherein the secondary transaction number is configured to be immediately usable for facilitating the transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 23, 24, 25, 26, 27, 28, 29, 30)
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22. The method of 21, wherein the conditions of use parameters associated with the primary account include at least an expiration date.
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31. A method of processing authorization and settlement requests in a transaction system comprising the steps of:
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receiving an authorization request from a second party, where the authorization request involves a secondary transaction number with limited-use conditions associated therewith;
routing the authorization request to a card authorization system to determine if limited use conditions have been satisfied;
returning to the second party a message declining authorization if the conditions have not been satisfied; and
returning to the second party a message approving authorization request if conditions have been satisfied. - View Dependent Claims (32, 33)
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34. A host computer system for facilitating transactions comprising:
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a user interface system configured to allow a first party to interact with a host computer'"'"'s transaction services; and
a number generating and processing mechanism, including at least one application server and at least one database, configured for receiving input from the user interface system to generate a secondary transaction number and to associate therewith a designated primary account. - View Dependent Claims (35, 36, 37)
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38. A method for facilitating a transaction comprising the steps of:
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registering with a card provider to use a transaction system;
logging-in to the card provider'"'"'s transaction system by providing authenticating information, and causing card provider to verify that a first party is a registered and authorized user;
designating at least one transaction account as at least one primary account;
requesting a secondary transaction number from the card provider, causing the card provider to generate a secondary transaction number and to associate the secondary transaction number with the previously selected said at least one primary account; and
,receiving the secondary transaction number from the card provider. - View Dependent Claims (39, 40, 41, 42, 43, 44, 45)
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46. A method for facilitating a non-currency based transaction system involving a secondary transaction number comprising the steps of:
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designating a non-currency based account as at least one primary account;
generating a secondary transaction number and associating said secondary transaction number with at least one primary account, wherein said at least one primary account includes at least the designated non-currency based account;
converting accumulated non-currency based tender into currency to fund the primary account. - View Dependent Claims (47, 48, 49)
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50. A method for facilitating an electronic line of credit system involving a secondary transaction number comprising the following steps:
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issuing a line of credit to a participating first or second party;
causing to be processed an application from the first party requesting to be issued a secondary transaction number;
causing to be issued to the first party a secondary transaction number that is associated with the line of credit;
wherein the secondary number is used to facilitate a transaction. - View Dependent Claims (51)
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52. A dispute handling method for facilitating a disputed transaction involving a
secondary transaction number, comprising the steps of: -
receiving a dispute from a first party relating to a transaction involving a secondary transaction number associated with at least one primary account;
retrieving transaction information from a database;
replacing the primary account number with the secondary transaction number in order to initiate a second party inquiry;
wherein the second party inquiry references only the secondary transaction number. - View Dependent Claims (53)
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54. A method for facilitating a transaction, comprising the steps of:
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receiving a primary account number from a first party to initiate a transaction;
sending the primary account number to a card provider, requesting that the card provider generate and return a secondary transaction number that is associated with the primary account number;
receiving from the card provider the secondary transaction number associated with the primary account, wherein the secondary number is then used to facilitate a transaction settlement. - View Dependent Claims (55, 56)
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Specification