SYSTEMS, METHODS AND APPARATUSES FOR SECURE DIGITAL TRANSACTIONS
First Claim
1. A method for authorizing recurring transactions, comprising:
- receiving a defined payment amount associated with a user or entity;
receiving a code associated with a first currency value, the code also being associated with the user or entity;
verifying an availability of funds to pay the defined payment amount;
authorizing payment of the defined payment amount if funds are available to pay the defined payment amount;
generating a new code associated with the first or a new currency value; and
sending the new code to a sender of the defined payment amount.
2 Assignments
0 Petitions
Accused Products
Abstract
A method for authorizing recurring transaction according to one embodiment includes receiving a defined payment amount associated with a user or entity. Additionally, the method includes receiving a first code associated with a first predetermined currency value, where the first code is also associated with the user or entity. Furthermore, the method includes verifying an availability of funds to pay the defined payment amount and authorizing payment of the defined payment amount if funds are available to pay the defined payment amount. Further still, the method includes generating a new code associated with a new predetermined currency value, and sending the new code to a sender of the defined payment amount.
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Citations
35 Claims
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1. A method for authorizing recurring transactions, comprising:
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receiving a defined payment amount associated with a user or entity; receiving a code associated with a first currency value, the code also being associated with the user or entity; verifying an availability of funds to pay the defined payment amount; authorizing payment of the defined payment amount if funds are available to pay the defined payment amount; generating a new code associated with the first or a new currency value; and sending the new code to a sender of the defined payment amount. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method for processing recurring transactions, comprising:
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sending a request for payment of a defined payment amount to a third party, the defined payment amount being associated with a user or entity; sending a code associated with a first currency value to the third party, the code also being associated with the user or entity; receiving payment equaling the defined payment amount; and receiving a new code associated with the first or a new currency value, the new code being associated with the user or entity. - View Dependent Claims (14, 15, 16, 17, 18)
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19. A method for processing recurring transactions, comprising:
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sending a defined payment amount and a code to a third party, the defined payment amount and code being associated with a user or entity; receiving a new code associated with a predetermined currency value, the new code being associated with the user or entity; sending a request for payment of the defined payment amount and the new code; and receiving payment equaling the defined payment amount. - View Dependent Claims (20, 21, 22, 23, 24)
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25. A composite code structure corresponding to a currency value, comprising:
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a first code; and a security code embedded in the first code thereby forming a composite code, the composite code corresponding to a currency value, wherein the composite code includes a notation specifying an intended use of the composite code. - View Dependent Claims (26, 27, 28, 29)
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30. A composite code structure corresponding to a currency value, comprising:
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a first code; and a notation embedded in the first code thereby forming a composite code, the composite code corresponding to a currency value, wherein the notation specifies an intended use of the composite code. - View Dependent Claims (31)
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32. A composite code structure corresponding to a currency value, comprising:
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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, wherein the composite code includes a notation specifying a maximum value that can be associated with the composite code. - View Dependent Claims (33, 34, 35)
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Specification