CONDUCTING FINANCIAL TRANSACTIONS BY TELEPHONE
First Claim
1. A computer-implemented method for completing financial transactions by telephone, comprising:
- receiving, by one or more computing devices operated by an account management system and from one or more computing devices operated by a merchant, a request for user data to complete a financial transaction between a user and the merchant, the request for user data comprising a telephone identification number associated with a telephone operated by the user when the user indicated a desire to complete the financial transaction with the merchant;
determining, by the one or more computing devices, a user account associated with the telephone identification number;
reviewing, by the one or more computing devices, the user account associated with the telephone identification number to determine whether the user provided all data requested by the merchant in the request for user data;
transmitting, by the one or more computing devices and to a computing device operated by the user, a request for authorization to transmit the user data to the merchant;
receiving, by the one or more computing devices and from the computing device operated by the user, authorization to transmit the user data to the merchant; and
transmitting, by the one or more computing devices and to the one or more computing device operated by the merchant, the user data to complete the financial transaction between the user and the merchant.
2 Assignments
0 Petitions
Accused Products
Abstract
A method for completing financial transactions by telephone comprises a user that indicates a desire to conduct a financial transaction with a merchant using financial account information maintained by an account system. The merchant determines the user'"'"'s telephone number and prepares a request to the account system for data to complete the financial transaction. The account system prepares a request for authorization to transmit the data to the merchant to complete the financial transaction and transmits the request to a user device. The user device displays the request for authorization, and the user'"'"'s authorization is transmitted to the account system. Upon receipt of the authorization, the account system account management system prepares limited use financial account for the transaction with the user and transmits the data to the merchant. The merchant completes the financial transaction requested by the user during the telephone call using the received data.
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Citations
21 Claims
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1. A computer-implemented method for completing financial transactions by telephone, comprising:
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receiving, by one or more computing devices operated by an account management system and from one or more computing devices operated by a merchant, a request for user data to complete a financial transaction between a user and the merchant, the request for user data comprising a telephone identification number associated with a telephone operated by the user when the user indicated a desire to complete the financial transaction with the merchant; determining, by the one or more computing devices, a user account associated with the telephone identification number; reviewing, by the one or more computing devices, the user account associated with the telephone identification number to determine whether the user provided all data requested by the merchant in the request for user data; transmitting, by the one or more computing devices and to a computing device operated by the user, a request for authorization to transmit the user data to the merchant; receiving, by the one or more computing devices and from the computing device operated by the user, authorization to transmit the user data to the merchant; and transmitting, by the one or more computing devices and to the one or more computing device operated by the merchant, the user data to complete the financial transaction between the user and the merchant. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. The method of claim 11, wherein the created financial account information comprises information associated with a financial account that is limited to a payment for a requested transaction amount, a payment with a requested merchant, or a payment during a predetermined period of time.
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12. A computer program product, comprising:
a non-transitory computer-readable medium having computer-readable program instructions embodied therein that when executed by a computer cause the computer to complete financial transactions by telephone, the computer-readable program instructions comprising; computer-readable program instructions to receive, from one or more computing devices operated by a merchant, a request for user data to complete a financial transaction between a user and the merchant, the request for user data comprising a telephone identification number associated with a telephone operated by the user when the user indicated a desire to complete the financial transaction with the merchant; computer-readable program instructions to determine a user account associated with the telephone identification number; computer-readable program instructions to review the user account associated with the telephone identification number to determine that the user provided all data requested by the merchant in the request for user data; computer-readable program instructions to transmit, to a computing device operated by the user, a request for authorization to transmit the user data to the merchant; computer-readable program instructions to receive, from the computing device operated by the user, authorization to transmit the user data to the merchant; and computer-readable program instructions to transmit, to the one or more computing device operated by the merchant, the user data to complete the financial transaction between the user and the merchant. - View Dependent Claims (13, 14, 15, 16)
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17. A system for completing financial transactions by telephone, the system comprising:
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a storage device; and a processor communicatively coupled to the storage device, wherein the processor executes application code instructions that are stored in the storage device and that cause the system to; receive, from one or more computing devices operated by a merchant, a request for user data to complete a financial transaction between a user and the merchant, the request for user data comprising a telephone identification number associated with a telephone operated by the user when the user indicated a desire to complete the financial transaction with the merchant; determine a user account associated with the telephone identification number; review the user account associated with the telephone identification number to determine that the user provided all data requested by the merchant in the request for user data; transmit, to a computing device operated by the user, a request for authorization to transmit the user data to the merchant; receive, from the computing device operated by the user, authorization to transmit the user data to the merchant; and transmit, to the one or more computing device operated by the merchant, the user data to complete the financial transaction between the user and the merchant. - View Dependent Claims (18, 19, 20, 21)
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Specification