SYSTEM FOR FACILITATING A TRANSACTION

• US 20040210449A1
• Filed: 06/10/2004
• Published: 10/21/2004
• Est. Priority Date: 03/07/2000
• Status: Active Grant

• Current Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: American Express Travel Related Services Company, Inc. (American Express Company)
• Inventors: Bishop, Fred, Wittwer, Martin, Armes, David, Zoob, Jessica, Chow, Christina, Nambiar, Anant, Glazer, Elliot, Cunningham, Katie, Johnstone, David, Breck, Lydia, Belt, Jan Nunney, Schwarz, William, Salow, Glen
• Granted Patent: US 7,835,960 B2
• Time in Patent Office: Days
• US Class Current: 705/1
• CPC Class Codes: G06Q 10/04 Forecasting or optimisation specially adapted for administrative or management purposes, e.g. linear programming or "cutting stock problem" market predictions or forecasting for commercial activities G06Q30/0202
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/0855 involving a third party
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/327 Short range or proximity payments by means of M-devices
• CPC Class Codes: G06Q 20/346 Cards serving only as information carrier of service
• CPC Class Codes: G06Q 20/367 involving electronic purses or money safes
• CPC Class Codes: G06Q 20/3672 initialising or reloading thereof
• CPC Class Codes: G06Q 20/383 Anonymous user system
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• 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 30/04 Billing or invoicing
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G07C 9/28 the pass enabling tracking or indicating presence
• CPC Class Codes: G07C 9/29 the pass containing active electronic elements, e.g. smartcards
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system

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.

Claims

1. 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.

2. The method of claim 1, further comprising the steps of:

determining if a valid approval code is associated with the secondary transaction number; and

charging back to the second party the amount of the transaction, if a valid approval code does not exist.