Methods for verifying cardholder authenticity and for creating billing address database
First Claim
1. A method for authenticating the identity of a consumer as an authorized cardholder of a financial card account comprising the steps of:
- issuing at least one card authorization request for said financial card account wherein the amount of each authorization request is randomly selected;
receiving information from said consumer regarding each of said at least one authorization request; and
verifying said consumer as said authenticated cardholder in response to receipt of correct information regarding said each of said at least one authorization request.
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Accused Products
Abstract
Methods and associated structure for verifying the identity of a consumer in a financial card transaction. The method provides for issuing at least one authorization request through standard card transaction networks and protocols. The amount of each transaction and/or the number of transactions is preferably randomly generated. If the purported cardholder confirms the random amounts and or number of transactions the purported cardholder is identified as an authorized cardholder. The authorized transactions are never captured (completed) and hence are removed by the issuing institution in accordance with the institutions rules for the account. Since the transactions are never captured, no funds are transferred to or from the card holder'"'"'s account by virtue of the verification process. Further, the transactions are communicated to the institution using standard networks and protocols available from all card-issuing (or servicing) institutions and available to all merchants that accept cards for customer purchases. Still further, the same method may be used for verifying cardholder identity in both debit and credit card proposed transactions within a near-real-time environment. A further aspect of the invention provides for verifying an e-mail address associated with the verified authorized cardholder. The verified card account information and the associated, verified e-mail address of the cardholder is recorded in a database of a secured server. A merchant confronted with a proposed transaction using a card account may request verification from the secured server. An e-mail message is sent to the verified cardholder at the verified e-mail address. The cardholder'"'"'s reply then accepts of rejects the proposed card transaction.
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Citations
18 Claims
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1. A method for authenticating the identity of a consumer as an authorized cardholder of a financial card account comprising the steps of:
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issuing at least one card authorization request for said financial card account wherein the amount of each authorization request is randomly selected;
receiving information from said consumer regarding each of said at least one authorization request; and
verifying said consumer as said authenticated cardholder in response to receipt of correct information regarding said each of said at least one authorization request. - View Dependent Claims (2, 3, 4, 5)
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6. A method for authenticating the identity of a consumer as an authorized cardholder of a financial card account comprising the steps of:
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dynamically generating a temporary identification code;
locating, in a database, information regarding said financial card account wherein said information includes an e-mail account owned by said authorized cardholder;
sending an e-mail message to said e-mail account in response to locating said information, wherein said message includes said temporary identification code and wherein said message requests the e-mail message recipient to validate said card transaction request; and
receiving a reply from a user of said e-mail account indicating acceptance or rejection of said card transaction, wherein said reply includes said randomly generated information, and wherein the step of authenticating comprises the steps of;
determining whether said randomly generated information in said reply matches said randomly generated information in said message; and
validating said card transaction in response to receipt of said reply indicating acceptance of said card transaction and in response to a determination that said randomly generated information in said message and in said reply match. - View Dependent Claims (7, 8, 9, 10, 11, 12, 13)
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14. A system for authenticating the identity of a consumer as an authorized cardholder of a financial card account comprising:
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means for issuing at least one card authorization request for said financial card account wherein the amount of each authorization request is randomly selected;
means for receiving information from said consumer regarding each of said at least one authorization request; and
means for verifying said consumer as said authenticated cardholder in response to receipt of correct information regarding said each of said at least one authorization request. - View Dependent Claims (15, 16, 17, 18)
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Specification