System and method for the storage of data in association with financial accounts

• US 20070239614A1
• Filed: 06/22/2007
• Published: 10/11/2007
• Est. Priority Date: 07/10/2002
• Status: Abandoned Application

• Current Assignee: Intellectual Ventures Assets 191 LLC (Intellectual Ventures LLC)
• Original Assignee: Union Beach Limited Partnership
• Inventors: Tannenbaum, David, Tannenbaum, Mary
• Application Number:
  US11/767,246
• Publication Number:
  US 20070239614A1
• Time in Patent Office: Days
• US Class Current: 705/53
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/40145 Biometric identity checks
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules

Abstract

Systems and methods are established for data that is obtained auxiliary to but concurrent with a given transaction to be coordinated and stored in association with the transaction account data to which the transaction pertains. In one embodiment, the stored auxiliary data is provided to the user at the time the user views his/her account transactions. In another embodiment, the auxiliary information is provided to the user at the time of the transaction for authorization purposes. In a still further embodiment, the obtained auxiliary data is matched against prestored data to resolve questionable transactions. The provided data can be delivered via a phone call, email or over an Internet connection to the user.

Claims

1. A method for operating a credit facilitation system, said method comprising:

processing a current transaction from a user identified at a transaction point, said identification comprising at least an account identity with respect to said current transaction;

obtaining data specific to an identity of said user with respect to said current transaction, said specific data pertaining to at least one physical characteristic of said user during said current transaction, and

associating said obtained specific data with said identified account.

2. The method of claim 1 further comprising:

communicating said obtained specific data to said user prior to completion of said transaction.

3. The method of claim 1 further comprising:

communicating said obtained specific data to a third party prior to completion of said transaction.

4. The method of claim 3 wherein said third party comprises an account manager.

5. The method set forth in claim 4 wherein said third party communication is controlled at least in part based upon a user profile maintained by said credit facilitation system.

6. The method set forth in claim 5 wherein said profile is self-generated by said user.

7. The method of claim 1 further comprising:

providing at least a portion of said obtained specific data to said user in association with a review by said user of said identified account transactions.

8. The method set forth in claim 7 wherein said specific data is selected from the list of;

sound, video, pictures, text, colors.

9. The method set forth in claim 7 wherein said specific data is obtained from a camera at said transaction point.

10. The method of claim 9 wherein said camera is common to a plurality of independent transactions pertaining to different users.

15. The method set forth in claim 10 wherein said generated information is obtained from a camera at said transaction point.

16. The method set forth in claim 15 wherein said camera is common to a plurality of independent transactions at said point of sale.

11. A method of processing transactions from users identified at points of sale (POS), said users identified by the presentation of account information at said POS, said method comprising:

processing financial transactions at said POS with respect to a particular identified account;

determining when a particular financial transaction with respect to a particular account has a high risk of fraud associated therewith; and

upon a determination of a high risk fraud transaction, storing in association with said account transaction information generated at said POS during said current transaction pertaining to at least one physical characteristic of said user.

12. The method of claim 11 further comprising:

comparing said stored information against information contained in said user-created profile for assisting in a determination as to whether said potential high risk transaction is in fact an unauthorized transaction.

13. The method of claim 11 further comprising:

providing at least a portion of said stored data to said user in association with a review by said user of said particular account transactions.

14. The method set forth in claim 11 wherein said generated information is selected from the list of;

sound, video, pictures, text, colors.

17. A method of processing transactions with respect to a user'"'"'s account;

identifying said user'"'"'s account based upon information received from said user at a time of a particular transaction;

said information comprising both voluntarily supplied information as well as biometric information supplied during said transaction without conscious effort by said user;

said identifying comprising comparing said voluntarily supplied information against information already contained in a database of information pertaining to said user'"'"'s account; and

storing said biometric information in association with said user'"'"'s account in said database.

18. The method of claim 17 further comprising:

providing at least a portion of said biometric information to said user in association with a review by said user of said identified account transactions.

19. The method set forth in claim 17 wherein said specific data is selected from the list of;

sound, video, pictures, text, colors.

20. The method set forth in claim 17 wherein said biometric data is obtained from a camera during said transaction.

21. The method of claim 20 wherein said camera is common to a plurality of independent transactions pertaining to different users, and wherein different ones of said biometric data from said camera is shared in different locations dependent upon an identity of a user to which each said biometric data pertains.