Electronic transaction notification system and method

• US 20040199470A1
• Filed: 04/02/2003
• Published: 10/07/2004
• Est. Priority Date: 04/02/2003
• Status: Abandoned Application

• Current Assignee: BYTE MAGE LLC
• Original Assignee: BYTE MAGE LLC
• Inventors: Ferry, Earl N. Jr., Ferry, Marsha C.
• Application Number:
  US10/405,554
• Publication Number:
  US 20040199470A1
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/403 Solvency checks

Abstract

A system and method of notifying a specified destination of a completed electronic transaction. The system includes an authorization center and a transaction notification system. A purchaser conducts an electronic transaction, such as a credit card transaction, with a merchant. The merchant queries the authorization center to determine if the transaction is authorized. The authorization center then determines if the transaction is authorized. Upon determining if the transaction is authorized, the authorization center sends an authorization message to the merchant. In addition, the authorization center sends a message to the transaction notification system. The transaction notification system generates a transaction message from the received message and sends the transaction message to one or more specified destinations. The destinations may include an email message sent to an email account, a voice message to a communication device, or a text message to a communication device.

Claims

1. A system for notifying a specified destination of a transaction, said system comprising:

an authorization center receiving authorization requests from a merchant for a specific transaction associated with a specific account, said authorization center authorizing the specific transaction and sending an authorization message to the merchant; and

a transaction notification system for transmitting a transaction message to a specified destination associated with the specific account, said transaction notification system receiving a message from the authorization center upon completion of the transaction, the transaction message being transmitted upon completion of the specific transaction.

2. The system for notifying a specified destination of a transaction of claim 1 wherein the transaction notification system transmits a transaction message to a plurality of specified destinations.

3. The system for notifying a specified destination of a transaction of claim 1 wherein the transaction message includes financial information on the specific transaction.

4. The system for notifying a specified destination of a transaction of claim 3 wherein the financial information includes an amount of the transaction, a time of completion of the transaction, and a location of the transaction.

5. The system for notifying a specified destination of a transaction of claim 1 wherein the authorization center queries a financial institution for authorization of the specific transaction.

6. The system for notifying a specified destination of a transaction of claim 1 wherein the transaction message includes an authorization decision by the authorization center.

7. The system for notifying a specified destination of a transaction of claim 1 wherein the transaction message is compatible with a financial software program tracking the specific account, the transaction message providing transaction information for input into the financial software program.

8. The system for notifying a specified destination of a transaction of claim 1 wherein the transaction is a financial electronic transaction.

9. The system for notifying a specified destination of a transaction of claim 8 wherein the financial electronic transaction is a credit card transaction.

10. The system for notifying a specified destination of a transaction of claim 1 wherein the transaction message is transmitted as an email message to the specific destination.

11. The system for notifying a specified destination of a transaction of claim 1 wherein the transaction message is transmitted as a text message to a communication device.

12. The system for notifying a specified destination of a transaction of claim 1 wherein the transaction message is transmitted as a voice message to a communication device.

13. A method of notifying a specified destination of an electronic transaction by a purchaser, the method comprising the steps of:

conducting an electronic transaction by the purchaser with a merchant using a specified account;

requesting an authorization to an authorization center by the merchant for the electronic transaction;

determining by the authorization center if the electronic transaction is authorized;

sending an authorization message to the merchant for the electronic transaction;

sending a message to a transaction notification system about the completed transaction; and

sending a transaction message by the transaction notification system to the specified destination associated with the specified account, the transaction message providing information about the electronic transaction.

14. The method of notifying a specified destination of an electronic transaction by a purchaser of claim 13 wherein the step of sending a transaction message to the specified destination includes the step of sending a transaction message to a plurality of specified destinations.

15. The method of notifying a specified destination of an electronic transaction by a purchaser of claim 13 wherein the transaction message includes information about an amount of the transaction, a time of completion of the transaction, and a location of the transaction.

16. The method of notifying a specified destination of an electronic transaction by a purchaser of claim 13 wherein the step of determining by the authorization center if the electronic transaction is authorized includes querying a financial institution associated with the specified account for authorization of the specific transaction.

17. The method of notifying a specified destination of an electronic transaction by a purchaser of claim 13 wherein the transaction message includes an authorization decision by the authorization center.

18. The method of notifying a specified destination of an electronic transaction by a purchaser of claim 13 wherein the transaction message is compatible with a financial software program tracking the specific account, the transaction message providing transaction information for input into the financial software program.

19. The method of notifying a specified destination of an electronic transaction by a purchaser of claim 13 wherein the electronic transaction is a credit card transaction.

20. The method of notifying a specified destination of an electronic transaction by a purchaser of claim 13 wherein the step of sending a transaction message to the specified destination includes sending an email message to the specified destination.

21. The method of notifying a specified destination of an electronic transaction by a purchaser of claim 13 wherein the step of sending a transaction message to the specified destination includes sending a text message to a communication device.

22. The method of notifying a specified destination of an electronic transaction by a purchaser of claim 13 wherein the step of sending a transaction message to the specified destination includes sending a voice message to a communication device.

23. The method of notifying a specified destination of an electronic transaction by a purchaser of claim 13 further comprising, after the step of requesting an authorization to an authorization center by the merchant for the electronic transaction, the steps of:

sending a message to a transaction notification system of the pending transaction; and

sending a transaction message by the transaction notification system to the specified destination of the pending transaction.

24. A system for notifying a specified destination of a transaction, said system comprising:

an authorization center receiving authorization requests from a merchant for a specific transaction associated with a specific account, said authorization center authorizing the specific transaction and sending an authorization message to the merchant; and

a transaction notification system for transmitting a transaction message to a specified destination associated with the specific account, said transaction notification system receiving a message from the authorization center during a specific transaction, the transaction message being transmitted during the specific transaction.