System and method for verification of identity for transactions

• US 20070260556A1
• Filed: 11/27/2006
• Published: 11/08/2007
• Est. Priority Date: 06/06/2005
• Status: Abandoned Application

• Current Assignee: SMS AC Incorporated
• Original Assignee: SMS AC Incorporated
• Inventors: Pousti, Michael
• Application Number:
  US11/605,203
• Publication Number:
  US 20070260556A1
• Time in Patent Office: Days
• US Class Current: 705/75
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 30/04 Billing or invoicing

Abstract

Billing a customer through an intermediary billing system for a transaction by receiving, at the intermediary billing system, a transaction request associated with a transaction amount and a customer identification code, validating, in the intermediary billing system, the transaction request by determining whether the customer identification code corresponds to a customer that is registered with the intermediary billing system, and sending, in the case that the transaction request is valid, a billing event trigger associated with the customer identification code to an external billing mechanism, the billing event trigger representing the transaction amount.

Claims

1. A method for performing a secure transaction, the method including:

a. a customer transaction request step of transmitting, from a first computing system to an intermediary billing system, a request for a secure transaction;

b. a verification code step of generating, in the intermediary billing system, a verification code, and transmitting, from the intermediary billing system to a wireless communication device associated with the customer, the verification code;

c. a customer confirmation step of transmitting, from a second computing system, the verification code to the intermediary billing system;

d. a validation step of receiving, at the intermediary billing system, the verification code sent in the customer confirmation step and comparing the verification code sent in the customer confirmation step to the verification code generated in the verification code step;

e. a response step of allowing the customer transaction request, at the intermediary billing system, if the verification code sent in the customer confirmation step matches the verification code generated in the verification code step, and denying the customer transaction request, at the intermediary billing system, if the verification code sent in the customer confirmation step does not match the verification code generated in the verification code step.

2. The method of claim 1, wherein the customer is a user.

3. The method of claim 1, wherein the intermediary billing system is part of a mobile community platform.

4. The method of claim 2, wherein the user is requesting a transaction selected from the group consisting of:

a cash-out transaction, a transfer transaction, a purchase transaction, and an account replenishment transaction.

5. The method of claim 1, wherein the first computing system is the same as the second computing system.

6. The method of claim 1, wherein the first and second computing systems are selected from the group consisting of:

a wireless communication device and a wired communication device.

7. The method of claim 1, wherein the customer is a third party provider.

8. The method of claim 7, wherein the third party provider is requesting a transaction selected from the group consisting of:

a cash-out transaction, a transfer transaction, and an account replenishment transaction.

9. The method of claim 1, wherein the first computing device is associated with the customer.

10. The method of claim 1, wherein the first computing device is associated with a third party vendor.

11. The method of claim 10, wherein the third party vendor is an online shopping website or a point-of-purchase retail store.

12. The method of claim 11, further comprising a validation response step of transmitting, from the intermediary billing system, a validation response code to the online shopping website or the point-of-purchase retail store.

13. The method of claim 1, wherein the second computing device is associated with the customer.

14. The method of claim 1, wherein the second computing device is associated with a third party vendor.

15. The method of claim 14, wherein the third party vendor is an online shopping website or a point-of-purchase retail store.

16. The method of claim 15, further comprising a validation response step of transmitting, from the intermediary billing system, a validation response code to the online shopping website or the point-of-purchase retail store.

17. The method of claim 1, wherein the customer is associated with a bank or other credit provider, and the method further including a bank or other credit provider notification step of transmitting, from the intermediary billing system to the bank or other credit provider, notification of the customer transaction request if the same has been allowed in the response step.

18. The method of claim 17, wherein the notification of the customer transaction request includes a request to debit an account of the customer in the bank or other credit provider for an amount corresponding to the customer transaction request step.

19. A computer readable medium carrying one or more sequences of instructions for carrying out the method of claim 1.

20. An intermediary billing system for performing a secure transaction, comprising:

a. at least one processor;

b. an interface having access to the internet; and

c. a computer readable medium carrying one or more sequences of instructions for performing a secure transaction, wherein execution of the one or more sequences of instructions by the at least one processor causes the at least one processor to perform the steps of;

i. a customer transaction request step of receiving, from a first computing system to the intermediary billing system, a request for a secure transaction;

ii. a verification code step of generating, in the intermediary billing system, a verification code, and transmitting, from the intermediary billing system to a wireless communication device associated with the customer, the verification code;

iii. a validation step of receiving, at the intermediary billing system, the verification code sent in the customer confirmation step and comparing the verification code sent in the customer confirmation step to the verification code generated in the verification code step;

iv. a response step of allowing the customer transaction request, at the intermediary billing system, if the verification code sent in the customer confirmation step matches the verification code generated in the verification code step, and denying the customer transaction request, at the intermediary billing system, if the verification code sent in the customer confirmation step does not match the verification code generated in the verification code step.