System and method for electronic wallet conversion
First Claim
1. A method of converting an electronic wallet, comprising steps of:
- providing an account, the account a first account type providing a first set of services, the first set of services requiring a first level of authentication;
presenting an accountholder a one-time challenge/response mechanism; and
if the accountholder clears the challenge, converting the account to a second account type for all time.
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Abstract
A system and method for electronic wallet conversion allows conversion of a basic electronic wallet to a more flexible wallet account, providing additional services and requiring additional authentication. The basic accountholder eventually requires the additional services provided by the more flexible wallet, typically editing rights and making purchases at sites requiring authentication beyond the basic level. To convert the account, the account holder is presented with a one-time challenge and response mechanism that requires the accountholder to summon information that only the account holder would know. If a successful match is made, the account is converted to the more flexible account for all time. The accountholder replaces the one-time challenge and response with a second-level password that grants the accountholder ongoing access to more sensitive wallet features, such as the ability to purchase at sites requiring a second-level password, and editing rights to the information stored in the wallet.
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Citations
80 Claims
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1. A method of converting an electronic wallet, comprising steps of:
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providing an account, the account a first account type providing a first set of services, the first set of services requiring a first level of authentication;
presenting an accountholder a one-time challenge/response mechanism; and
if the accountholder clears the challenge, converting the account to a second account type for all time. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 14, 15, 16, 17, 18, 19, 20, 21, 22, 45, 46, 47, 48, 49)
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- 12. The method of claim 12, wherein the information known only to the account holder comprises at least a portion of a credit card number stored in the first account.
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23. A computer program product comprising a tangible medium having computer readable code embodied thereon, the computer code including program code means for performing a method of converting an electronic wallet, the method comprising steps of:
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providing an account, the account a first account type providing a first set of services, the first set of services requiring a first level of authentication;
presenting an accountholder a one-time challenge/response mechanism; and
if the accountholder clears the challenge, converting the account to a second account type for all time. - View Dependent Claims (24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44)
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50. A system for converting an electronic wallet comprising:
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a wallet server;
a wallet database;
a subscriber database;
wherein the wallet server is in communication with the wallet and the subscriber databases; and
a client in communication with the wallet server, wherein a wallet accountholder requests services from the wallet server;
wherein the server includes means for converting the electronic wallet. - View Dependent Claims (51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80)
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Specification