METHOD AND SYSTEM FOR AUTHORIZING A FUNDS TRANSFER OR PAYMENT USING A PHONE NUMBER
First Claim
1. A phone authorized transfer and/or payment system for generating funds transfer instructions between a sender and a recipient, each of the sender and recipient having a phone number registered with the system and stored within a respective customer database, the system comprising:
- a first telephone application gateway server comprising a processor operatively connected to a memory, the memory having data and instructions stored thereon to configure the first telephone application gateway server to implement an interactive voice response (IVR) application for interfacing with a sender and to;
request and receive a funds transfer request from the sender via a call received by the IVR application, the funds transfer request comprising at least an amount for transfer (the “
transaction amount”
) and a phone number of the recipient;
determine the sender'"'"'s phone number;
verify the determined sender'"'"'s phone number against registered phone numbers in a first customer database connected to the first telephone application gateway server; and
if the determined sender'"'"'s phone number is verified,determine a first proxy identifier (ID) associated with at least the determined sender'"'"'s phone number from the first customer database; and
send to a first transaction instruction server managed by a first participating institution a first funds transfer request to transfer funds from an account of the sender at the first participating institution to an outgoing settlement account of the first participating institution, wherein the first funds transfer request includes the first proxy ID as a pointer to the account of the sender from which the funds are to be transferred, the first funds transfer request instructing the first transaction instruction server to generate a first funds transfer instruction.
1 Assignment
0 Petitions
Accused Products
Abstract
A system and method for phone authorized transfers and/or payments are described. The system generates and authorizes instructions for funds transfers and payments between sender and recipient of participating institutions. The participating institutions of the sender and recipient of the funds transfer/payment may be the same or different, and may be located within the same or different countries. The system and method generates and authorizes funds transfer/payment instructions using the phone number of the recipient as identifying information and without providing banking particulars of the recipient. In some embodiments, the system implements an interactive voice response (IVR) application allowing a user to interact with the system using voice prompts responsive to the user'"'"'s spoken response in the telephone receiver or the user input on the keypad of the user'"'"'s touch-tone wired or wireless telephone. In some embodiments, the phone number of either or both of the sender and recipient may be shared among multiple users.
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Citations
63 Claims
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1. A phone authorized transfer and/or payment system for generating funds transfer instructions between a sender and a recipient, each of the sender and recipient having a phone number registered with the system and stored within a respective customer database, the system comprising:
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a first telephone application gateway server comprising a processor operatively connected to a memory, the memory having data and instructions stored thereon to configure the first telephone application gateway server to implement an interactive voice response (IVR) application for interfacing with a sender and to; request and receive a funds transfer request from the sender via a call received by the IVR application, the funds transfer request comprising at least an amount for transfer (the “
transaction amount”
) and a phone number of the recipient;determine the sender'"'"'s phone number; verify the determined sender'"'"'s phone number against registered phone numbers in a first customer database connected to the first telephone application gateway server; and if the determined sender'"'"'s phone number is verified, determine a first proxy identifier (ID) associated with at least the determined sender'"'"'s phone number from the first customer database; and send to a first transaction instruction server managed by a first participating institution a first funds transfer request to transfer funds from an account of the sender at the first participating institution to an outgoing settlement account of the first participating institution, wherein the first funds transfer request includes the first proxy ID as a pointer to the account of the sender from which the funds are to be transferred, the first funds transfer request instructing the first transaction instruction server to generate a first funds transfer instruction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23)
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24. A method for generating funds transfer instructions between a sender and a recipient in a phone authorized transfer and/or payment system, each of the sender and recipient having a phone number registered with the system and stored within a respective customer database, the method comprising the steps of:
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receiving an identifier associated with the sender; receiving from the sender a funds transfer request on a first server, the funds transfer request comprising at least an amount for transfer (the “
transaction amount”
) and a phone number as identifying information of a recipient to which the funds are to be transferred;determining a first proxy identifier (ID) associated with the identifier of the sender; sending to a first transaction instruction server instructions to generate funds transfer instructions associated with the first proxy ID; and generating first funds transfer instructions on the first transaction instruction server, the first funds transfer instructions including the first proxy ID as a pointer to an account of the sender at a first participating institution from which the funds are to be transferred. - View Dependent Claims (25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38)
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39. A system for generating funds transfer instructions between a sender and a recipient, each of the sender and recipient having a phone number registered with the system and stored within a respective customer database, the system comprising:
a first server having a processor operatively connected to a memory, the memory having data and instructions to configure the server to; receive an identifier from a sender; receive from the sender a funds transfer request, the funds transfer request comprising at least an amount for transfer (the “
transaction amount”
) and a phone number as identifying information of a recipient to which the funds are to be transferred;determine a first proxy identifier (ID) associated with the identifier of the sender; and send to a first transaction instruction server instructions to generate funds transfer instructions associated with the first proxy ID, wherein the first transaction instruction server generates first funds transfer instructions, the first funds transfer instructions including the first proxy ID as a pointer to an account of the sender at a first participating institution from which the funds are to be transferred. - View Dependent Claims (40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53)
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54. A method for registering a user in a phone authorized transfer and/or payment system, the method comprising the steps of:
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receiving a request to register the user on a telephone gateway application server for managing the user'"'"'s funds transfer communications, the request including a phone number of the user and a proxy identifier (ID) to an account of the user at a first participating institution from which funds are to be transferred; generating a unique user identifier (ID) being unique at least within a customer database connected to the telephone gateway application server; storing a mapping of the phone number of the user to the unique user ID to the proxy ID in the customer database; and receiving an activation request from the user. - View Dependent Claims (55, 56, 57, 58, 59, 60, 61, 62)
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63. A system for registering a user having a shared phone number in a phone authorized transfer system, the system comprising:
a telephone gateway application server for managing the user'"'"'s funds transfer communications, the telephone gateway application server being operatively connected to a customer database, the telephone gateway application server comprising a processor operatively connected to a memory, the memory having data and instructions stored thereon to configure the telephone gateway application server to; receive a request to register the user, the request including a phone number of the user and a proxy identifier (ID) to an account of the user at a first participating institution from which funds are to be transferred; generate a unique user identifier (ID) being unique at least within a customer database connected to the telephone gateway application server; store a mapping of a phone number of the user to the unique user ID to the proxy ID in the customer database; and receive an activation request from the user.
Specification