Method and System for Authenticating and Redeeming Electronic Transactions

• US 20120179531A1
• Filed: 01/08/2012
• Published: 07/12/2012
• Est. Priority Date: 01/11/2011
• Status: Abandoned Application

• Current Assignee: Stanley Kim
• Original Assignee: Stanley Kim
• Inventors: Kim, Stanley
• Application Number:
  US13/345,727
• Publication Number:
  US 20120179531A1
• Time in Patent Office: Days
• US Class Current: 705/14.26
• CPC Class Codes: G06Q 30/0225 Avoiding frauds
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]

Abstract

The present inventions relates to systems and techniques for authenticating or redeeming an electronic transaction, particularly through a mobile conduit.

Claims

1. A system for redeeming an electronic transaction comprising at least one computer readable medium having computer executable instructions stored therein, wherein the computer executable instructions being configured to transmit a confirmation message to a user, receiving an authentication message from a mobile device in response to the confirmation message, verifying the authentication message, and thereafter transmitting to the mobile device a verification message to enable redemption of the electronic transaction.

2. The system of claim 1 wherein the confirmation message is transmitted to the mobile device of the user.

3. The system of claim 1, wherein said authentication message is manually activated, automatically activated or passively activated prior to redemption by user.

4. The system of claim 1 wherein the messages are transmitted using SMS messages, email and/or a mobile application.

5. The system of claim 1, wherein said authentication message comprises at least one identifier to facilitate verification of the transaction.

6. The system of claim 5, wherein identifier is text based.

7. The system of claim 5, wherein identifier is based on at least one image or barcode.

8. The system of claim 5, wherein authentication is automatically activated by proximity or location based activation.

9. The system of claim 1, wherein system verifies transaction from the phone number of mobile device and date of the authentication message, and optionally an identifier.

10. The system of claim 1, wherein redemption message comprises information relevant for redemption of the transaction.

11. The system of claim 1, wherein said system transmits multiple confirmations to one user each from unique telephone numbers.

12. The system of claim 1, wherein the electronic transaction is a coupon.

13. The system of claim 1, wherein the electronic transaction is a purchase of a good or service.

14. The system of claim 1, wherein the electronic transaction is for an admission to a venue or event.

15. The system of claim 1 further comprising preregistration by a consumer and a provider of the transaction.

16. The system of claim 1, further comprising an activation step, wherein authentication is activated to be time-sensitive or location-sensitive.

17. A computer-implemented method for redeeming an electronic transaction on a mobile device comprising:

a computer system configured to transmit a confirmation message of the electronic transaction to a user,

a computer system configured to receive an authentication message from the mobile device in response to the confirmation message, verify the authentication message, and thereafter transmit to the mobile device a verification message to enable redemption of the electronic transaction.

18. The method of claim 17, wherein the configuration message is transmitted to the mobile device of the user.

19. The method of claim 17, wherein the authentication message comprises at least one identifier, wherein identifier is compared with preregistered information residing on computer system.

20. A system for redeeming an electronic transaction comprising at least one computer readable medium having computer executable instructions stored therein, wherein the computer executable instructions being configured to transmit a confirmation message to a user, receiving an authentication message from a mobile device in response to the confirmation message, verifying the authentication message, and thereafter transmitting to the mobile device a verification message to enable redemption of the electronic transaction.