Credit Card Point of Service Payment Authorization System
First Claim
1. A system for secure verification of point of sale transactions to reduce fraudulent transactions, comprising:
- a backend communications module;
a merchant point of sale network in communication with the backend communications module, adapted to transmit requests for authorization of a transaction and receive confirmation or denial of authorization of the transaction;
a portable user device in communication with the backend communications module;
a bank network in communication with the backend communications module, adapted to receive requests for authorization of transactions, determine if the user authorizes a transaction, and confirm or deny the transaction based on the user'"'"'s authorization; and
software executing on the portable user device adapted to pre-authorize transactions and authorize or deny a currently pending transaction;
wherein there is no direct communication between the merchant network, the portable user device, and the bank network.
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Accused Products
Abstract
Systems and methods for secure verification of point of sale transactions to reduce fraudulent transactions are described herein. The system includes a backend communications module; a merchant point of sale network in communication with the backend communications module, adapted to transmit requests for authorization of a transaction and receive confirmation or denial of authorization of the transaction; a portable user device in communication with the backend communications module; a bank network in communication with the backend communications module, adapted to receive requests for authorization of transactions, determine if the user authorizes a transaction, and confirm or deny the transaction based on the user'"'"'s authorization; and software executing on the portable user device adapted to pre-authorize transactions and authorize or deny a currently pending transaction. There is no direct communication between the merchant network, the portable user device, and the bank network.
38 Citations
20 Claims
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1. A system for secure verification of point of sale transactions to reduce fraudulent transactions, comprising:
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a backend communications module; a merchant point of sale network in communication with the backend communications module, adapted to transmit requests for authorization of a transaction and receive confirmation or denial of authorization of the transaction; a portable user device in communication with the backend communications module; a bank network in communication with the backend communications module, adapted to receive requests for authorization of transactions, determine if the user authorizes a transaction, and confirm or deny the transaction based on the user'"'"'s authorization; and software executing on the portable user device adapted to pre-authorize transactions and authorize or deny a currently pending transaction; wherein there is no direct communication between the merchant network, the portable user device, and the bank network. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for securely verifying the authenticity of a request for authorization of payment in point of sale transactions to reduce fraudulent transactions, comprising, on a third party, independent backend communications module:
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receiving a request from a merchant point of sale system for authorization of a transaction; requesting approval or denial of the transaction from a bank; receiving one of an approval of the transaction, a denial of the transaction, or a notification that the transaction has not been pre-authorized; sending a signal requesting confirmation or denial of authorization to a mobile device of a user if the transaction has not been pre-authorized; receiving a confirmation or denial of authorization from the user; and responding to said merchant with an approval or a denial of authorization based on the bank'"'"'s confirmation or denial of authorization or the user'"'"'s confirmation or denial of authorization; wherein there is no direct communication between the merchant point of sale system, the portable user device, and a bank. - View Dependent Claims (9, 10, 11, 12)
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13. A method of securely authorizing point of sale transactions to reduce fraudulent transactions, comprising:
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initiating an application on a portable user device; obtaining a selection from a user of a form of payment and a pre-authorized transaction amount; transmitting the selected form of payment and pre-authorized transaction amount to a third party, independent backend communications module; obtaining a request for authorization of a transaction from the third party, independent backend communications module if the transaction has not been pre-authorized; obtaining an authorization or denial of the transaction from the user; transmitting the authorization or denial to the third party, independent backend communications module; and displaying confirmation of completed transactions. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20)
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Specification