×

System and Method of Recurring Payment Transactions

  • US 20100057616A1
  • Filed: 08/26/2009
  • Published: 03/04/2010
  • Est. Priority Date: 08/26/2008
  • Status: Abandoned Application
First Claim
Patent Images

1. A method of authenticating a recurring payment transaction, comprising:

  • retrieving account information, by one or more processors of an adaptive payment server, the account information comprising a payment date and an identification of a communication device of a payor;

    initiating a communication to the communication device on or before the payment date;

    communicating at least a portion of the account information to the communication device;

    receiving, from the communication device, approval information;

    determining whether to initiate payment of the recurring payment transaction using the approval information; and

    initiating payment of the recurring payment transaction based on the determination.

View all claims
  • 5 Assignments
Timeline View
Assignment View
    ×
    ×