Method of providing an alert of a financial transaction

• US 5,530,438 A
• Filed: 01/09/1995
• Issued: 06/25/1996
• Est. Priority Date: 01/09/1995
• Status: Expired due to Term

• Current Assignee: Google Technology Holdings LLC (Alphabet Inc.)
• Original Assignee: Motorola, Inc. (Motorola Solutions, Inc.)
• Inventors: Zdunek, Kenneth J., Schultz, Joseph G., Sobti, Arun, Bickham, Richard S., Furtaw, Robert W.
• Primary Examiner(s): Horabik, Michael
• Assistant Examiner(s): WILSON JR, WILLIAM HALL
• Application Number:
  US08/370,276
• Time in Patent Office: 533 Days
• Field of Search: 340/825.27, 340/825.44, 340/825.34, 235/380, 235/382, 235/383, 379/91, 348/3, 455/2, 364/401, 380/23
• US Class Current: 340/5.8
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 20/42 Confirmation, e.g. check or permission by the legal debtor of payment
• CPC Class Codes: G06Q 20/425 using two different networks, one for transaction and one for security confirmation
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

Abstract

A radio system user (126) is alerted (129) as to the occurrence of a financial transaction by a customer (118). Data (122) is obtained from the customer (118) and used to identify a radio system user (126), who is authorized to conduct the financial transaction. A message, indicative of the financial transaction, is automatically provided to a radio system and broadcast (129) to the radio system user (126), thereby alerting the user (126) to the financial transaction.

Claims

1. A method of providing an alert of a financial transaction, comprising:

obtaining at least some identifying data from a customer who seeks to engage in a financial transaction;

using at least a part of the identifying data to identify a radio system user who is authorized to conduct the financial transaction;

automatically providing a message indicative of the financial transaction to at least a first radio system; and

automatically broadcasting from at least the first radio system a message to the radio system user, such that the radio system user will be alerted to the financial transaction.

2. The method of claim 1, wherein the step of obtaining at least some identifying data from a customer includes the step of obtaining a credit account number.

3. The method of claim 1, wherein the step of obtaining at least some identifying data from a customer includes the step of obtaining a debit account number.

4. The method of claim 1, wherein the step of using at least a part of the identifying data to identify a radio system user who is authorized to conduct the financial transaction includes the step of:

using the at least a part of the identifying data to determine a unique personal identifier for the radio system user.

5. The method of claim 4, wherein the step of using the at least a part of the identifying data to determine a unique personal identifier for the radio system user includes the step of determining a unique personal identifier comprising a social security number for the radio system user.

6. The method of claim 1, wherein the steps of using at least a part of the identifying data to identify a radio system user who is authorized to conduct the financial transaction and of automatically providing a message indicative of the financial transaction to at least a first radio system include the steps of:

providing the at least a part of the identifying data to a database, which database has information regarding the radio system user, such that the radio system user can be identified; and

providing information regarding the radio system user so identified to at least the first radio system.

7. The method of claim 1, wherein the steps of using at least a part of the identifying data to identify a radio system user who is authorized to conduct the financial transaction and of automatically providing a message indicative of the financial transaction to at least a first radio system include the steps of:

providing the at least a part of the identifying data to at least the first radio system; and

providing the at least a part of the identifying data to a database, which database has information regarding the radio system user, such that the radio system user can be identified.

8. The method of claim 1, wherein the step of automatically providing a message indicative of the financial transaction to at least a first radio system includes the step of automatically providing a message to at least the first radio system indicative of an amount of money that is involved in the financial transaction.

9. The method of claim 1, wherein the step of automatically providing a message indicative of the financial transaction to at least a first radio system includes the step of automatically providing a message to at least the first radio system indicative of at least a date of the financial transaction.

10. The method of claim 1, wherein the step of automatically providing a message indicative of the financial transaction to at least a first radio system includes the step of automatically providing a message to at least the first radio system indicative of at least a date and a time of day of the financial transaction.

11. The method of claim 1, wherein the step of automatically providing a message indicative of the financial transaction to at least a first radio system includes the step of automatically providing a message to at least the first radio system indicative of at least one location that is pertinent to the financial transaction.

12. The method of claim 1, and further including the step of receiving from the radio system user a user message.

13. The method of claim 12, wherein the step of receiving from the radio system user a user message includes the step of receiving, via the at least a first radio system, a user message comprising an approval message for the financial transaction.

14. The method of claim 13, and further including the step of using the approval message to further direct completion of the financial transaction.

15. The method of claim 1, wherein the step of automatically broadcasting from at least the first radio system a message to the radio system user includes the step of automatically broadcasting, pursuant to a predetermined schedule, the message to the radio system user.

16. The method of claim 15, wherein the step of automatically broadcasting, pursuant to a predetermined schedule, includes the step of automatically broadcasting, pursuant to a predetermined schedule selected by the radio system user, the message to the radio system user.

17. A method of providing an alert of a financial transaction, comprising:

obtaining at least some identifying data from a customer who seeks to engage in a financial transaction;

using at least a part of the identifying data to identify a radio system user who is authorized to conduct the financial transaction;

automatically providing a message indicative of the financial transaction to at least a first radio system;

automatically broadcasting from at least the first radio system a message to the radio system user, which message includes information specific to the financial transaction, such that the radio system user will be alerted to the financial transaction; and

receiving from the radio system user a user message.

18. The method of claim 17, wherein the step of automatically broadcasting from at least the first radio system a message to the radio system user includes the step of automatically broadcasting from at least the first radio system a message to the radio system user, which message includes information specific to the financial transaction, including at least an indication of an amount of money that is involved in the financial transaction.

19. The method of claim 17, wherein the step of receiving from the radio system user a user message includes the step of receiving, via the at least a first radio system, a user message comprising an approval message for the financial transaction.

20. The method of claim 19, and further including the step of using the approval message to further direct completion of the financial transaction.

21. A method of conducting a financial transaction, comprising:

obtaining at least some identifying data from a purchaser'"'"'s financial transaction device at a point of sale;

using at least a part of the identifying data to identify a radio system user who is authorized to conduct the financial transaction;

automatically providing a message indicative of the financial transaction to at least a first radio system;

broadcasting from at least the first radio system a message to the radio system user, such that the radio system user will be alerted to the financial transaction;

receiving from the radio system user a user message; and

using the user message to further direct the financial transaction.

22. The method of claim 21, wherein when the user message comprises an approval, the step of using the user message to further direct the financial transaction includes the step of completing the financial transaction.

23. The method of claim 21, wherein when the user message comprises a disapproval, the step of using the user message to further direct the financial transaction includes the step of denying completion of the financial transaction.

24. A method of providing an alert of a financial transaction, comprising:

obtaining at least some identifying data from a customer who is at a first location and who seeks to engage in a financial transaction, including obtaining information at the first location regarding at least one physical characteristic of the customer;

using at least a part of the identifying data to identify a radio system user who is authorized to conduct the financial transaction;

automatically providing a first message indicative of the financial transaction to at least a first radio system, which first message at least includes some information regarding the at least one physical characteristic; and

automatically broadcasting from at least the first radio system a second message to the radio system user, which second message at least includes some information regarding the at least one physical characteristic, such that the radio system user will be alerted to the financial transaction and will be further provided with information regarding the at least one physical characteristic of the customer seeking to engage in the financial transaction.

25. The method of claim 24, wherein the step of obtaining at least some identifying data from a customer, including obtaining information at the first location regarding at least one physical characteristic of the customer, includes the step of obtaining information at the first location regarding physical appearance of at least a portion of the customer.

26. The method of claim 24, and further including the step of receiving from the radio system user a user message.