SYSTEM, METHOD AND APPARATUS FOR CONDUCTING SECURE ONLINE MONETARY TRANSACTIONS

• US 20070208632A1
• Filed: 02/22/2007
• Published: 09/06/2007
• Est. Priority Date: 09/30/2005
• Status: Abandoned Application

• Current Assignee: Filip Szalewicz, James Downes
• Original Assignee: Filip Szalewicz, James Downes
• Inventors: Szalewicz, Filip, Downes, James
• Application Number:
  US11/677,988
• Publication Number:
  US 20070208632A1
• Time in Patent Office: Days
• US Class Current: 705/26
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0603 Catalogue ordering
• CPC Class Codes: G07F 7/02 by keys or other credit registering devices

Abstract

A system, apparatus, and methods for conducting secure online monetary transactions are disclosed. One implementation of the system is configured to generate an account associated with a distributed branded media element. The account includes an account balance that may be used to purchase goods/services. A system user accesses the distributed branded media element and initiates an authentication/verification process wherein the distributed branded media element is correlated to the created account. The system may also be configured to coordinate transmitting a payment data generation request to a payment facilitation entity. In response to the request, the payment facilitation entity may create a payment id number for use by the system user to make a purchase of goods or services. The request may specify what type of payment id number is requested, for example a credit or debit card number. The request may define additional usage parameters for the payment id number.

Claims

1. A method for coordinating transactions comprising:

receiving a branded media account creation request from a branded media point of sale;

creating a branded media account with a corresponding a purchase balance and branded media account identifier;

receiving a branded media account activation request;

authenticating the activation request by verifying request data parameters correlate to the created branded media account;

generating branded media payment data associated with the activation request and transmitting the payment data back to a consumer, wherein elements of the payment data are generated by a third party payment facilitation entity.

2. The method of claim 1, further comprising:

including account balance information with the generated payment. data.

3. The method of claim 1, further comprising:

including a payment account number and expiration data associated as elements of generated payment data.

4. The method of claim 3, wherein the payment account number is configured as a credit card number.

5. The method of claim 3, wherein the payment account number is configured as a debit card number.

6. The method of claim 3, wherein the payment account number is configured as an account with online payment entity.

7. The method of claim 3, wherein the expiration data is configured to a effectuate one-time use payment capability and the payment account number expires immediately after a single use.

8. The method of claim 3, wherein the expiration data is configured to a effectuate one-time use payment capability and the payment account number expires immediately after a predetermined number of uses.

9. The method of claim 3, wherein the expiration data is configured to a effectuate multiple use payment capability and the payment account number expires after a fixed duration of time.

10. A method for facilitating transactions comprising:

managing a branded media account that has been correlated to a distributed branded media element and authenticated with a particular user'"'"'s account;

transmitting a payment data generation request to a payment facilitation entity; and

specifying as part of the payment data generation request the type of payment id number requested, whether the payment id number is configured as a single use number and whether the number has a corresponding expiration date.

11. The method of claim 10, wherein the distributed branded media element is a physical removable branded media element.

12. The method of claim 10, wherein the distributed branded media element is a configured as a branded media software module element and downloaded to a user'"'"'s terminal.

13. A system for coordinating transactions comprising:

a memory in communication with the processor and containing program instructions;

an input and output in communication with the processor and memory;

wherein the processor executes program instructions contained in the memory and the program instructions comprise;

receiving a branded media account creation request from a branded media point of sale;

creating a branded media account with a corresponding a purchase balance and branded media account identifier;

receiving a branded media account activation request;

authenticating the activation request by verifying request data parameters correlate to the created branded media account;

generating branded media payment data associated with the activation request and transmitting the payment data back to a consumer, wherein elements of the payment data are generated by a third party payment facilitation entity.

14. The system of claim 13, wherein the processor also executes program instructions for:

including account balance information with the generated payment. data.

15. The system of claim 13, wherein the processor also executes program instructions for:

including a payment account number and expiration data associated as elements of generated payment data.

16. The system of claim 15, wherein the payment account number is configured as a credit card number.

17. The system of claim 15, wherein the payment account number is configured as a debit card number.

18. The system of claim 15, wherein the payment account number is configured as an account with online payment entity.

19. The system of claim 15, wherein the expiration data is configured to a effectuate one-time use payment capability and the payment account number expires immediately after a single use.

20. The system of claim 15, wherein the expiration data is configured to a effectuate one-time use payment capability and the payment account number expires immediately after a predetermined number of uses.

21. The system of claim 15, wherein the expiration data is configured to a effectuate multiple use payment capability and the payment account number expires after a fixed duration of time.

22. A system for facilitating transactions comprising:

a memory in communication with the processor and containing program instructions;

an input and output in communication with the processor and memory;

wherein the processor executes program instructions contained in the memory and the program instructions comprise;

managing a branded media account that has been correlated to a distributed branded media element and authenticated with a particular user'"'"'s account;

transmitting a payment data generation request to a payment facilitation entity; and

specifying as part of the payment data generation request the type of payment id number requested, whether the payment id number is configured as a single use number, whether the number has a corresponding expiration date, and a maximum spending limit.

23. The method of claim 22, wherein the distributed branded media element is a physical removable branded media element.

24. The method of claim 22, wherein the distributed branded media element is a configured as a branded media software module element and downloaded to a user'"'"'s terminal.