LIMITED USE PIN SYSTEM AND METHOD
First Claim
1. A host computer system for facilitating transactions comprising:
- a user interface system configured to allow a first party to interact with the host computer system; and
, a number generating and processing mechanism, including an application server and a database, configured for receiving input from the user interface system, generating a limited use PIN for the first party for use with a second party, and associating a designated primary account with the limited use PIN.
4 Assignments
0 Petitions
Accused Products
Abstract
The present invention facilitates transactions by providing a limited use PIN that is associated with a primary account and/or PIN number, wherein the limited use PIN is presented to the merchant to initiate a transaction. More particularly, the system involves the process of registering a user (if not already pre-registered) to participate in a transaction system; generating a limited use PIN and issuing this number to the user, where the user presents this number to a merchant to complete a sales transaction; the merchant processing this limited use PIN, where the number is typically presented to the credit issuer to facilitate authorization. Additionally, the limited use PIN may also carry with it certain limitations-on-use conditions, where the transaction is not authorized unless these conditions are met. In generating a limited use PIN, the issuer generates a random number and associates this number with the user'"'"'s primary charge account.
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Citations
20 Claims
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1. A host computer system for facilitating transactions comprising:
a user interface system configured to allow a first party to interact with the host computer system; and
,a number generating and processing mechanism, including an application server and a database, configured for receiving input from the user interface system, generating a limited use PIN for the first party for use with a second party, and associating a designated primary account with the limited use PIN. - View Dependent Claims (2)
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3. A host system for facilitating transactions, said host system configured to:
identify a primary account;
generate a limited use PIN that is configured to facilitate a transaction;
associate the limited use PIN with the primary account; and
issue the limited use PIN to a first party to facilitate a transaction with a second party. - View Dependent Claims (4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. An authorization system for processing authorization requests in a transaction system, the host system configured to:
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receive an authorization request from a second party, where the authorization request involves a limited use PIN with limited-use conditions associated therewith;
route the authorization request to a card authorization system to determine when limited use conditions have been satisfied;
return to the second party a message approving authorization request when conditions have been satisfied.
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14. A settlement system for processing settlement requests in a transaction system, the settlement system configured to:
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receive a second party settlement request for payment of a transaction involving a limited use PIN by a first party, wherein the second party is paid when the limited use PIN is valid;
route the second party settlement request with the limited use PIN to an issuing system for authorization;
create an accounts payable file; and
,route the accounts payable file to an accounts payable system for payment processing of the second party based on the second party settlement request. - View Dependent Claims (15)
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16. A user interface system configured to allow a user to:
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register with a card provider to use a transaction system;
receive a log-in to the transaction system by providing authenticating information;
receive a verification from the transaction system that the user is authorized;
designate a transaction account as a primary account;
request a limited use PIN from the card provider; and
,receive a limited use PIN from the card provider, wherein the card provider associated the limited use PIN with the primary account. - View Dependent Claims (17, 18, 19, 20)
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Specification