SYSTEM FOR PROVIDING CARDLESS PAYMENT
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0 Petitions
Accused Products
Abstract
The method and system of the invention provide a variety of techniques for using a selected alias and a selected personal identification entry (PIE) in conjunction with use of a transaction card, such as a credit card, debit card or stored value card, for example. A suitable number or other identification parameter is selected by the account-holder as an alias. The account-holder is then required to choose a PIE for security purposes. The alias is linked to the account-holder'"'"'s credit card number via a database. When the account-holder enters into a transaction with a merchant, the physical card need not be present. The account-holder simply provides his or her alias and then the PIE. This can be done at any point of sale such as a store, catalog telephone order, or over the Internet. The alias and PIE are entered and authorization is returned from the credit card company.
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Citations
88 Claims
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1-71. -71. (canceled)
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72. A method for generating a limited use Personal Identification Number (PIN) for facilitating a transaction, comprising the steps of:
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generating, at a device, the limited use PIN associated with a first account having an associated account number; transmitting said limited use PIN to a host system, wherein said host system performs the steps of; associating the limited use PIN with the first account; associating the limited use PIN with a notification response, wherein the notification response is associated with a notification response rule relating to who to notify if the limited use PIN is used; issuing the limited use PIN to a first party to facilitate a transaction with a second party; receiving transaction information from the second party for authorization, wherein the transaction information includes the limited use PIN; processing the transaction information by determining whether the transaction information includes the limited use PIN and interfacing with a limited use PIN system to determine whether authorization is appropriate, wherein authorization determination includes; receiving account information associated with the account number; determining whether use parameters associated with the limited use PIN are satisfied, the conditions-of-use parameters defining at least a predetermined restriction on use of the limited use PIN; acquiring, from a database, the notification response rule corresponding to the limited use PIN; issuing said the notification response in accordance with said notification response rule; returning an appropriate approval code to the second party, if use parameters associated with the limited use PIN and the first account are satisfied; and declining the authorization request if either the use parameters associated with the first account and the limited use PIN are not satisfied. - View Dependent Claims (73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87)
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88. A device for generating a limited use Personal Identification Number (PIN) for facilitating a transaction, said device configured to:
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generate the limited use PIN associated with a first account having an associated account number; transmit said limited use PIN to a host system, wherein said host system; associates the limited use PIN with the first account; associates the limited use PIN with a notification response, wherein the notification response is associated with a notification response rule relating to who to notify if the limited use PIN is used; issues the limited use PIN to a first party to facilitate a transaction with a second party; receives transaction information from the second party for authorization, wherein the transaction information includes the limited use PIN; processes the transaction information by determining whether the transaction information includes the limited use PIN and interfacing with a limited use PIN system to determine whether authorization is appropriate, wherein authorization determination includes; receiving account information associated with the account number; determining whether use parameters associated with the limited use PIN are satisfied, the conditions-of-use parameters defining at least a predetermined restriction on use of the limited use PIN; acquiring, from a database, the notification response rule corresponding to the limited use PIN; issuing the notification response in accordance with said notification response rule; returns an appropriate approval code to the second party, if use parameters associated with the limited use PIN and the first account are satisfied; and declines the authorization request if either the use parameters associated with the first account and the limited use PIN are not satisfied.
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Specification