SYSTEMS, METHODS AND APPARATUSES FOR SECURE DIGITAL TRANSACTIONS

• US 20090070268A1
• Filed: 09/06/2007
• Published: 03/12/2009
• Est. Priority Date: 09/06/2007
• Status: Abandoned Application

• Current Assignee: Shaunt Mark Sarkissian, Vahe Andre Sarkissian
• Original Assignee: Shaunt Mark Sarkissian, Vahe Andre Sarkissian
• Inventors: Sarkissian, Vahe Andre, Sarkissian, Shaunt Mark
• Application Number:
  US11/851,215
• Publication Number:
  US 20090070268A1
• Time in Patent Office: Days
• US Class Current: 705/64
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists

Abstract

A method for generating a code representative of a currency value according to one embodiment includes generating a first code, and combining a security code with the first code for creating a larger composite code, the composite code being associated with a predetermined currency value. Further, the composite code is usable in a monetary transaction.

Claims

1. A method for generating a code representative of a currency value, the method comprising:

generating a first code; and

combining a security code with the first code for creating a larger composite code; and

associating the composite code with a predetermined currency value, the composite code being usable in a monetary transaction.

2. The method as recited in claim 1, further comprising transmitting a portion of the composite code to at least one client, the portion of the composite code not including the security code.

3. The method as recited in claim 1, further comprising transmitting, independently of the portion of the composite code, the security code to at least one client.

4. The method as recited in claim 1, wherein the security code is a user-selected code.

5. The method as recited in claim 1, further comprising generating the security code.

6. The method as recited in claim 1, wherein the security code is appended to an end of the first code.

7. The method as recited in claim 1, wherein the security code is inserted between ends of the first code.

8. The method as recited in claim 1, wherein the security code is not a consecutive string in the composite code.

9. The method as recited in claim 1, wherein a user selects a position of the security code in the composite code.

10. The method as recited in claim 1, wherein the predetermined currency value is a maximum value that can be associated with the composite code for a remaining life of the composite code.

11. The method as recited in claim 1, wherein the composite code includes a notation specifying an intended use of the composite code.

12. The method as recited in claim 11, wherein the notation specifies use for a recurring payment.

13. The method as recited in claim 11, wherein the notation specifies use for transactions of limited amounts of money.

14. The method as recited in claim 11, wherein the notation contains unique identifying characteristics.

15. The method as recited in claim 11, wherein the notation or a second, notation, indicates a maximum value that can be associated with the composite code.

16. The method as recited in claim 1, wherein the composite code includes a notation indicating a maximum value that can be associated with the composite code.

17. The method as recited in claim 1, wherein the composite code expires upon some event, wherein the composite code is never reused.

18. The method as recited in claim 1, wherein the composite code expires upon some event, wherein the composite code is not reused after expiration thereof until a predetermined amount of time has elapsed after expiration thereof.

19. The method as recited in claim 1, wherein the composite code expires upon some event, wherein the composite code is not reused after expiration thereof until an authorizing entity revives the composite code.

20. The method as recited in claim 1, wherein the composite code has less than 100 characters.

21. The method as recited in claim 1, wherein the composite code has less than 50 characters.

22. The method as recited in claim 1, wherein the composite code is usable more than once, wherein the currency value associated with the composite code changes upon each use.

23. The method as recited in claim 1, wherein the predetermined currency value is a reducing currency value.

24. A computer program product comprising a computer useable medium having a computer readable program, wherein the computer readable program when executed on a computer causes the computer to:

generate a first code;

embed a security code in the first code for creating a larger composite code; and

associate the composite code with a predetermined currency value, the composite code being usable in a monetary transaction.

25. A method for generating a code associated with a currency value, the method comprising:

receiving a request from a user device for a code corresponding to a defined currency value;

generating or receiving a first code;

embedding a security code in the first code for creating a larger composite code;

associating the composite code with the defined currency value; and

sending the first code to the user device.

26. The method as recited in claim 25, wherein the first code is sent to the user in a packet requiring unique authorization data to access the first code.

27. The method as recited in claim 25, wherein the first code is unusable to conduct a monetary transaction in any form except when combined with the security code to form the composite code.

28. The method as recited in claim 25, wherein the security code is a user-selected code.

29. The method as recited in claim 25, wherein the security code is not user-selected.

30. The method as recited in claim 25, further comprising receiving an activation notice from the user device, and indicating that the composite code is available for use.

31. The method as recited in claim 25, further comprising determining whether funds pertaining to the user and at least matching the defined currency value are available.

32. A method for generating a code associated with a currency value, the method comprising:

receiving a request from a user for a code corresponding to a defined currency value;

receiving authentication data from the user;

generating or receiving a first code;

embedding a security code in the first code for creating a larger composite code;

associating the composite code with the defined currency value; and

sending the first code to the user.

33. The method as recited in claim 32, wherein the authentication data is verbally spoken by the user.

34. The method as recited in claim 32, wherein the authentication data is manually input by the user.

35. The method as recited in claim 32, wherein the first code is audibly output to the user.

36. The method as recited in claim 32, further comprising determining whether funds pertaining to the user and at least matching the defined currency value are available.

37. A method for performing a monetary transaction, the method comprising:

outputting a first code;

receiving a security code;

combining the security code with the first code for creating a composite code, the composite code being preassociated with a predetermined currency value; and

submitting the composite code to a third party system.

38. The method as recited in claim 37, wherein multiple first codes are presented, and further comprising receiving user selection of at least one of the first codes.

39. The method as recited in claim 37, wherein multiple first codes are presented, and further comprising selecting at least one of the first codes based on currency values associated with composite codes containing the first codes.

40. The method as recited in claim 39, wherein the first code being associated with a smallest currency value is selected first.

41. The method as recited in claim 39, wherein multiple first codes are selected, combined with the security code, and submitted to the third party.

42. The method as recited in claim 37, further comprising sending a digital identifier to the third party system.

43. A computer program product comprising a computer useable medium having a computer readable program, wherein the computer readable program when executed on a computer causes the computer to:

output a first code;

receive a security code;

combine the security code with the first code for creating a composite code, the composite code being preassociated with a predetermined currency value; and

submit the composite code to a third party system.

44. A method for performing a monetary transaction, the method comprising:

receiving a first code from a client device or from manual input by a user;

receiving a security code via manual input;

combining the security code with the first code for creating a composite code, the composite code being preassociated with a predetermined currency value; and

submitting the composite code to a third party system for further processing.

45. The method, as recited in claim 44, wherein the client device is a mobile device.

46. The method as recited in claim 45, wherein the first code is received via an air interface.

47. The method as recited in claim 44, wherein multiple first codes are received, wherein the same security code is combined with each of the first codes.

48. A computer program product comprising a computer useable medium having a computer readable program, wherein the computer readable program when executed on a computer causes the computer to:

receive a first code from a client device;

receive a security code;

combine the security code with the first code for creating a composite code, the composite code being preassociated with a predetermined currency value; and

submit the composite code to a third party system for further processing.

49. A system for performing a monetary transaction, comprising:

logic for receiving a first code from a client device;

logic for receiving a security code via manual input;

logic for combining the security code with the first code for creating a composite code, the composite code being preassociated with a predetermined currency value; and

logic for submitting the composite code to a third party system for further processing.

50. A composite code structure corresponding to a currency value, comprising;

a first code; and

a security code embedded in the first code thereby forming a composite code, the composite code corresponding to a predetermined currency value, the composite code being used in a monetary transaction.