Methods and systems for validating the authority of the holder of a digital certificate issued by a certificate authority
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Abstract
A method for a financial services provider to securely process corporate payment requests includes a step of issuing a primary digital certificate to a primary certificate holder of a corporation. The primary certificate authorizes the primary certificate holder to designate a plurality of holders of secondary digital certificates that are derivative from the primary certificate, each of the primary and plurality of secondary certificates including unique identifying information and/or an indication of authority of the holder of the certificate. Pending corporate payment requests are collected for clearing against the account of the corporation, and a pending payment statement is periodically generated, the statement including the collected pending payment requests. Thereafter, each of the collected pending payment requests is required to be validated by an authenticated primary or secondary certificate holder having the authority to validate the payment requests and only the validated corporate payment requests of the pending payment statement are cleared (paid) against the corporate account.
41 Citations
65 Claims
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1-35. -35. (canceled)
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36. A method for securing payments of a corporation, comprising the steps of:
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receiving a primary certificate from a financial services provider (FSP);
assigning the primary certificate to a primary certificate holder of the corporation, the primary certificate authorizing the primary certificate holder to designate a plurality of holders of secondary digital certificates that are derivative from the primary digital certificate, each of the primary and plurality of secondary certificates including at least one of unique identifying information and an indication of an authority of the holder of the certificate;
periodically accessing a pending payment statement generated by the FSP upon presentation of the primary or one of the secondary certificates and successful authentication by the FSP, the pending payment statement including at least one pending payment request of the corporation collected by the FSP;
matching each of the at least one pending corporate payment requests against a record of a corresponding entry in an accounting system of the corporation;
validating only those corporate payment requests having corresponding entries in the accounting system, a validation of each collected pending payment request by an authenticated certificate holder being a condition precedent to the payment request clearing an account of the corporation at the FSP. - View Dependent Claims (37, 38, 39, 40, 41, 42, 43, 44, 45)
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46. A computer system configured for securing payments of a corporation, comprising:
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at least one processor;
at least one data storage device;
a plurality of processes spawned by said at least one processor, the processes including processing logic for;
receiving a primary certificate from a financial services provider (FSP);
assigning the primary certificate to a primary certificate holder of the corporation, the primary certificate authorizing the primary certificate holder to designate a plurality of holders of secondary digital certificates that are derivative from the primary digital certificate, each of the primary and plurality of secondary certificates including at least one of unique identifying information and an indication of an authority of the holder of the certificate;
periodically accessing a pending payment statement generated by the FSP upon presentation of the primary or one of the secondary certificates and successful authentication by the FSP, the pending payment statement including at least one pending payment request of the corporation collected by the FSP;
matching each of the at least one pending corporate payment requests against a record of a corresponding entry in an accounting system of the corporation;
validating only those corporate payment requests having corresponding entries in the accounting system, a validation of each collected pending payment request by an authenticated certificate holder being a condition precedent to clearing an account of the corporation at the FSP. - View Dependent Claims (47, 48, 49, 50, 51, 52, 53, 54, 55)
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56. A machine-readable medium having data stored thereon representing sequences of instructions which, when executed by computing device, causes said computing device to secure payments of a corporation by performing the steps of:
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receiving a primary certificate from a financial services provider (FSP);
assigning the primary certificate to a primary certificate holder of the corporation, the primary certificate authorizing the primary certificate holder to designate a plurality of holders of secondary digital certificates that are derivative from the primary digital certificate, each of the primary and plurality of secondary certificates including at least one of unique identifying information and an indication of an authority of the holder of the certificate;
periodically accessing a pending payment statement generated by the FSP upon presentation of the primary or one of the secondary certificates and successful authentication by the FSP, the pending payment statement including at least one pending payment request of the corporation collected by the FSP;
matching each of the at least one pending corporate payment requests against a record of a corresponding entry in an accounting system of the corporation;
validating only those corporate payment requests having corresponding entries in the accounting system, a validation of each collected pending payment request by an authenticated certificate holder being a condition precedent to clearing an account of the corporation at the FSP. - View Dependent Claims (57, 58, 59, 60, 61, 62, 63, 64, 65)
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Specification