TRANSACTION CONTROL METHODS FOR USE IN FINANCIAL TRANSACTIONS AND INFORMATION BANKING
First Claim
1. A method comprising:
- accessing, by a mobile device, information regarding a proposed financial transaction involving a person; and
determining, by the mobile device, whether the proposed transaction is permissible according to pre-set preferences associated with the person, based on the information,wherein the proposed transaction is denied if determined not to be permissible and wherein the proposed transaction is allowed if determined to be permissible.
1 Assignment
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Accused Products
Abstract
A method for conducting a financial transaction involves a person using a mobile device. The mobile device accesses information regarding the proposed financial transaction and determines, based on that information, whether the proposed transaction is permissible according to pre-set preferences associated with the person. Some of these preferences may be controllable by the person, and other preferences may be only partially controllable or not controllable by the person. The proposed transaction is denied if it is determined not to be permissible, and the proposed transaction is allowed if it is determined to be permissible. If the transaction is denied, the person may be presented with the option of changing the preferences, and authentication may be necessary to do so.
36 Citations
21 Claims
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1. A method comprising:
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accessing, by a mobile device, information regarding a proposed financial transaction involving a person; and determining, by the mobile device, whether the proposed transaction is permissible according to pre-set preferences associated with the person, based on the information, wherein the proposed transaction is denied if determined not to be permissible and wherein the proposed transaction is allowed if determined to be permissible. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method comprising:
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initiating a financial transaction involving a person using a mobile device; determining whether the financial transaction violates pre-set preferences associated with the person; authenticating the person, using the mobile device, to provide the person with the option to change the pre-set preferences, if the financial transaction is determined to violate the pre-set preferences. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A method comprising:
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providing access to a person to create a plurality of preferences related to financial transactions; storing the plurality of preferences; receiving an indication, from a mobile device associated with the person, that a financial transaction has been initiated by the person, wherein a determination whether the transaction violates the preferences is necessary; providing access to the person through the mobile device to change the preferences, upon receiving a signal from the mobile device that the person has been authenticated, if the transaction is determined to violate the preferences. - View Dependent Claims (16, 17, 18, 19, 20, 21)
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Specification