SYSTEM AND METHOD FOR DUAL MESSAGE CONSUMER AUTHENTICATION VALUE-BASED EFT TRANSACTIONS
First Claim
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1. A method of processing electronic funds transfers, the method comprising:
- receiving a first authorization request comprising an encrypted consumer authentication value (CAV) and a total amount of funds to be transferred;
generating and communicating a second authorization request associated with the received first authorization request, the second authorization request comprising the encrypted CAV and the total amount of funds to be transferred;
receiving an authorization approval response that indicates that the total amount of funds to be transferred is authorized;
generating a unique data element that is uniquely associated with the authorization approval response and provides an indication that the total amount has been authorized;
communicating the unique data element;
receiving a first settlement advice request message comprising the unique data element and a request to transfer a first amount of the total amount, the first amount being a portion less than the total amount;
determining whether the unique data element included in the first settlement advice request message matches the unique data element included in the approved authorization response; and
in response to a match, causing the first amount of the total amount to be transferred without authorization with the CAV.
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Abstract
A system and method for processing funds transfers that may utilize a dual-message transaction with separate authorization and settlement messages for (consumer authentication value) CAV-based transactions. Initial authorization messages may be communicated to authorize and guarantee funds to a payee for goods and/or services before they are rendered. Thereafter, the payee may initiate one or more settlement advice request messages associated with the authorization/pre-authorization, as goods and/or services are rendered without authorization of CAV.
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Citations
21 Claims
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1. A method of processing electronic funds transfers, the method comprising:
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receiving a first authorization request comprising an encrypted consumer authentication value (CAV) and a total amount of funds to be transferred; generating and communicating a second authorization request associated with the received first authorization request, the second authorization request comprising the encrypted CAV and the total amount of funds to be transferred; receiving an authorization approval response that indicates that the total amount of funds to be transferred is authorized; generating a unique data element that is uniquely associated with the authorization approval response and provides an indication that the total amount has been authorized; communicating the unique data element; receiving a first settlement advice request message comprising the unique data element and a request to transfer a first amount of the total amount, the first amount being a portion less than the total amount; determining whether the unique data element included in the first settlement advice request message matches the unique data element included in the approved authorization response; and in response to a match, causing the first amount of the total amount to be transferred without authorization with the CAV. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A system of processing funds transfers, the system comprising:
an electronic funds transfer server comprising one or more processors configured to; receive a first authorization request comprising an encrypted consumer authentication value (CAV) and a total amount of funds to be transferred; generate and communicate a second authorization request associated with the received authorization request, the second authorization request comprising the encrypted CAV and the total amount of funds to be transferred; receive an authorization approval response that indicates that the total amount of funds to be transferred is authorized; generate unique data element that is uniquely associated with the pre-authorization approval response and provides an indication that the total amount has been authorized; communicate the unique data element; receive a first settlement advice request message comprising the unique data element and a request to transfer a first amount of the total amount; determine whether the unique data element included in the first settlement advice request message matches the unique data element included in the approved authorization response; and in response to a match, cause the first amount of the total amount to be transferred without authorization with the CAV. - View Dependent Claims (8, 9, 10, 11, 12)
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13. A method of processing electronic funds transfers, the method comprising:
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generating and communicating an authorization request comprising an encrypted consumer authentication value (CAV) and a total amount of funds to be transferred; receiving an authorization approval response that indicates that the total amount of funds to be transferred is authorized; generating a unique data element that is uniquely associated with the authorization approval response and provides an indication that the total amount has been authorized; communicating the unique data element; receiving a first settlement advice request message comprising the unique data element and a request to transfer a first amount of the total amount, the first amount being a portion less than the total amount; and causing the first amount of the total amount to be transferred without authorization with the CAV based on the unique data element, the first amount, and the total amount.
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14. A method of processing electronic funds transfers associated with a bill payment transaction, the method comprising:
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generating and communicating an authorization request comprising an encrypted CAV associated with a consumer; receiving an authorization approval response that indicates that the consumer has been authenticated; generating a unique data element that is uniquely associated with the authorization approval response and provides proof that the consumer has been authenticated; communicating the unique data element; receiving a first payment financial message comprising the unique data element and a request to transfer a first payment amount; determining whether the unique data element included in the first payment financial message matches the unique data element included in the approved authorization response; and in response to a match, causing the payment amount to be transferred without authorization with the CAV. - View Dependent Claims (15, 16, 17)
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18. A system of processing funds transfers associated with a bill payment transaction, the system comprising:
an electronic funds transfer server comprising one or more processors configured to; generate and communicate an authorization request comprising an encrypted CAV associated with a consumer; receive an authorization approval response that indicates that the consumer has been authenticated; generate unique data element that is uniquely associated with the authorization approval response and provides proof that the consumer has been authenticated; communicate the unique data element; receive a first payment financial message comprising the unique data element and a request to transfer a first payment amount; determine whether the unique data element included in the first payment financial message matches the unique data element included in the approved authorization response; and in response to a match, cause the payment amount to be transferred without authorization with the CAV. - View Dependent Claims (19, 20, 21)
Specification