System and Method of Validating a Relationship Between a User and a User Account at a Financial Institution
First Claim
1. A system for a payment service provider to validate a relationship between a user and a user account maintained at a financial institution comprising:
- a communication device;
a memory;
a processor coupled to the memory and communication device; and
an account validation module executable by the processor and adapted to;
store in the memory user account information received from the user,provide to the user a verification identifier associated with the user account,receive a user initiated financial transaction involving the user account at the financial institution through the communication device, the received financial transaction being a completed transaction and including a comparison identifier supplied by the user,determine whether the comparison identifier contained in the received user initiated financial transaction corresponds to the verification identifier,validating the relationship between the user and the user account maintained at the financial institution if the comparison identifier id determined to correspond to the verification identifier.
1 Assignment
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Accused Products
Abstract
A system and method for validating a relationship between a user and a user account at a financial institution includes a data communication device, a memory, a processor coupled to the memory, and an account validation module executable by the processor. The account validation module generates a verification identifier for storage in the memory and is provided to the user, and subsequently receives a user initiated financial transaction involving the user account at the financial institution. The received financial transaction includes a comparison identifier supplied by the user. The account validation module determines whether the comparison identifier corresponds to the verification identifier for purposes of validating the relationship between the user and the user account maintained at the financial institution.
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Citations
23 Claims
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1. A system for a payment service provider to validate a relationship between a user and a user account maintained at a financial institution comprising:
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a communication device; a memory; a processor coupled to the memory and communication device; and an account validation module executable by the processor and adapted to; store in the memory user account information received from the user, provide to the user a verification identifier associated with the user account, receive a user initiated financial transaction involving the user account at the financial institution through the communication device, the received financial transaction being a completed transaction and including a comparison identifier supplied by the user, determine whether the comparison identifier contained in the received user initiated financial transaction corresponds to the verification identifier, validating the relationship between the user and the user account maintained at the financial institution if the comparison identifier id determined to correspond to the verification identifier. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system for a payment service provider to validate a relationship between a user and a user account maintained at a financial institution comprising:
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a communication device; a memory; a processor coupled to the memory and the communication device; and an account validation module executable by the processor and adapted to store in the memory user profile data received from the user and containing an account identifier of the user account and provide a verification identifier to the user, the account validation module further adapted to receive a user initiated financial transaction involving the user account at the financial institution through the communication device, the received financial transaction being a completed transaction and including a comparison identifier supplied by the user and a source account identifier, and validate the relationship between the user and the user account maintained at the financial institution if the received comparison identifier corresponds to the verification identifier and the received source account identifier corresponds to the account identifier contained in the stored user profile data. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15, 16)
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17. A method of validating a relationship between a user and a user account maintained at a financial institution comprising:
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generating and storing in a memory a verification identifier; providing the stored verification identifier to a user; receiving a user initiated financial transaction involving the user account at the financial institution, the received financial transaction being a completed transaction and including a comparison identifier supplied by the user; retrieving from the memory the stored verification identifier by a processor; determining by the processor whether the received comparison identifier corresponds to the retrieved verification identifier provided to the user for purposes of validating the relationship between the user and the user account maintained at the financial institution. - View Dependent Claims (18, 19, 20, 21, 22, 23)
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Specification