Apparatus and method for providing account security

• US 6,047,270 A
• Filed: 08/25/1997
• Issued: 04/04/2000
• Est. Priority Date: 08/08/1996
• Status: Expired due to Term

• Current Assignee: Joao Bock Transaction Systems, LLC (Raymond Anthony Joao)
• Original Assignee: Raymond Anthony Joao, Robert Richard Bock
• Inventors: Bock, Robert Richard, Joao, Raymond Anthony
• Primary Examiner(s): Trammell, James P.
• Assistant Examiner(s): Retta, Yehdega
• Application Number:
  US08/918,284
• Time in Patent Office: 953 Days
• Field of Search: 340/825.34, 379/88.12, 705/38, 705/39, 705/40, 705/44
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/321 using wearable devices
• CPC Class Codes: G06Q 20/3227 using secure elements embedded in M-devices
• 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 20/425 using two different networks, one for transaction and one for security confirmation

Abstract

An apparatus and method for providing account security which includes a receiver for receiving one of a limitation and a restriction on usage of an electronic money account, wherein the one of a limitation and a restriction are received from an account holder, a memory device for storing the one of a limitation and a restriction, and a processor for processing a transaction on the electronic money account in conjunction with the one of a limitation and a restriction. The processor generates a first signal which contains information for one of approving and disapproving the transaction. An apparatus and method for providing account security which includes a receiver for receiving one of a limitation and a restriction on usage of a brokerage account, wherein the one of a limitation and a restriction are received from an account holder in real-time, a memory device for storing the one of a limitation and a restriction, and a processor for processing a transaction on the brokerage account in conjunction with the one of a limitation and a restriction. The processor generates a first signal which contains information for one of approving and disapproving the transaction.

Claims

1. An apparatus for providing account security, comprising:

a receiver for receiving one of a limitation and a restriction on usage of an electronic money account, wherein said one of a limitation and a restriction are received from an account holder;

a memory device for storing said one of a limitation and a restriction; and

a processor for processing a transaction on the electronic money account in conjunction with said one of a limitation and a restriction,

wherein said processor generates a first signal, and further wherein said first signal contains information for one of approving and disapproving the transaction.

2. The apparatus of claim 1, wherein said one of a limitation and a restriction are received from the account holder in real-time.

3. The apparatus of claim 1, further comprising:

a transmitter for transmitting a notification signal to a communication device associated with the account holder, wherein the communication device is one of a device for receiving said notification signal, a telephone, a beeper, a pager, a two-way pager, a reply pager, a home computer, a personal computer, a personal communication device, a personal communication services device, a digital communication device, a television, an interactive television, a digital television, a personal digital assistant, a display telephone, a radio, a car radio, a video telephone, a watch, a cellular telephone, a wireless telephone, a mobile telephone, a display cellular telephone, and a facsimile machine.

4. The apparatus of claim 1, wherein said transaction involves at least one of a good, a service, cash, a cash instrument, a cash derivative, a security, a stock, a bond, a derivative instrument, a stock derivative, a bond derivative, a commodity, a mutual fund share, a future, an option, an index fund, a future derivative, an option derivative, an index fund derivative, electronic money, electronic cash, electronic currency, digital money, digital cash, digital currency, an electronic money account, a digital money account, an electronic money checking account, an electronic money savings account, an automated teller machine account, a clearing transaction, a check clearing transaction, an account charging transaction, and a charge-back transaction.

5. The apparatus of claim 1, wherein said first signal contains information regarding one of transaction type, type of one of good, service, security, stock, bond, and derivative instrument, involved in the transaction, transaction amount, location of transaction, time of transaction, and one of an individual and an entity involved in the transaction.

6. The apparatus of claim 1, further comprising:

means for counting a number of unauthorized transactions which occur on the account; and

means for one of canceling the transaction and de-activating the account.

7. The apparatus of claim 1, wherein said one of a limitation and a restriction is at least one of a limitation and a restriction involving at least one of a type of transaction, one of an individual, an entity, and an institution, authorized to perform a transaction on the account, a financial institution authorized to perform a transaction on the account, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, authorized transaction time, and one of a temporary and a permanent one of a limitation and a restriction on account usage.

8. The apparatus of claim 1, further comprising:

a receiver for receiving a reply signal, wherein said reply signal contains information for one of approving and disapproving the transaction.

49. The apparatus of claim 1, wherein transaction one of data and information is stored in said memory device, and further wherein said processor processes said transaction one of data and information and generates a transaction record, wherein said transaction record contains information regarding transaction activity occurring on the account during one of a time period and a time interval, and further wherein said apparatus further comprises:

a transmitter for transmitting said transaction record one of to the account holder and to a communication device associated with the account holder.

9. A method for providing account security, comprising:

receiving one of a limitation and a restriction on usage of an electronic money account, wherein said one of a limitation and a restriction are received from an account holder;

storing said one of a limitation and a restriction;

processing a transaction on the electronic money account in conjunction with said one of a limitation and a restriction; and

generating a first signal, wherein said first signal contains information for one of approving and disapproving the transaction.

10. The method of claim 9, wherein said one of a limitation and a restriction are received from the account holder in real-time.

53. The method of claim 9, further comprising:

transmitting a notification signal to a communication device associated with the account holder, wherein the communication device is one of a device for receiving said notification signal, a telephone, a beeper, a pager, a two-way pager, a reply pager, a home computer, a personal computer, a personal communication device, a personal communication services device, a digital communication device, a television, an interactive television, a digital television, a personal digital assistant, a display telephone, a radio, a car radio, a video telephone, a watch, a cellular telephone, a wireless telephone, a mobile telephone, a display cellular telephone, and a facsimile machine.

54. The method of claim 9, wherein said transaction involves at least one of a good, a service, cash, a cash instrument, a cash derivative, a security, a stock, a bond, a derivative instrument, a stock derivative, a bond derivative, a commodity, a mutual fund share, a future, an option, an index fund, a future derivative, an option derivative, an index fund derivative, electronic money, electronic cash, electronic currency, digital money, digital cash, digital currency, an electronic money account, a digital money account, an electronic money checking account, an electronic money savings account, an automated teller machine account, a clearing transaction, a check clearing transaction, an account charging transaction, and a charge-back transaction.

55. The method of claim 9, wherein said first signal contains information regarding one of transaction type, type of one of good, service, security, stock, bond, and derivative instrument, involved in the transaction, transaction amount, location of transaction, time of transaction, and one of an individual and an entity involved in the transaction.

56. The method of claim 9, further comprising:

counting a number of unauthorized transactions which occur on the account; and

one of canceling the transaction and de-activating the account.

57. The method of claim 9, wherein said one of a limitation and a restriction is at least one of a limitation and a restriction involving at least one of a type of transaction, one of an individual, an entity, and an institution, authorized to perform a transaction on the account, a financial institution authorized to perform a transaction on the account, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, authorized transaction time, and one of a temporary and a permanent one of a limitation and a restriction on account usage.

58. The method of claim 53, further comprising:

receiving a reply signal, wherein said reply signal contains information for one of approving and disapproving the transaction.

83. The method of claim 9, further comprising:

storing transaction one of data and information;

processing said transaction one of data and information;

generating a transaction record, wherein said transaction record contains information regarding transaction activity occurring on the account during one of a time period and a time interval; and

transmitting said transaction record one of to the account holder and to a communication device associated with the account holder.

11. An apparatus for providing account security, comprising:

a receiver for receiving one of a limitation and a restriction on usage of a brokerage account, wherein said one of a limitation and a restriction are received from an account holder in real-time;

a memory device for storing said one of a limitation and a restriction; and

a processor for processing a transaction on the brokerage account in conjunction with said one of a limitation and a restriction,

wherein said processor generates a first signal, and further wherein said first signal contains information for one of approving and disapproving the transaction.

12. The apparatus of claim 11, further comprising:

a transmitter for transmitting a notification signal to a communication device associated with the account holder, wherein the communication device is one of a device for receiving said notification signal, a telephone, a beeper, a pager, a two-way pager, a reply pager, a home computer, a personal computer, a personal communication device, a personal communication services device, a digital communication device, a television, an interactive television, a digital television, a personal digital assistant, a display telephone, a radio, a car radio, a video telephone, a watch, a cellular telephone, a wireless telephone, a mobile telephone, a display cellular telephone, and a facsimile machine.

13. The apparatus of claim 11, wherein said transaction involves at least one of a good, a service, cash, a cash instrument, a cash derivative, a security, a stock, a bond, a derivative instrument, a stock derivative, a bond derivative, a commodity, a mutual fund share, a future, an option, an index fund, a future derivative, an option derivative, an index fund derivative, electronic money, electronic cash, electronic currency, digital money, digital cash, digital currency, an electronic money account, a digital money account, an electronic money checking account, an electronic money savings account, an automated teller machine account, a clearing transaction, a check clearing transaction, an account charging transaction, and a charge-back transaction.

14. The apparatus of claim 11, wherein said first signal contains information regarding one of transaction type, type of one of good, service, security, stock, bond, and derivative instrument, involved in the transaction, transaction amount, location of transaction, time of transaction, and one of an individual and an entity involved in the transaction.

15. The apparatus of claim 11, further comprising:

means for counting a number of unauthorized transactions which occur on the account; and

means for one of canceling the transaction and de-activating the account.

16. The apparatus of claim 11, wherein said one of a limitation and a restriction is at least one of a limitation and a restriction involving at least one of a type of transaction, one of an individual, an entity, and an institution, authorized to perform a transaction on the account, a financial institution authorized to one of perform a transaction on the account, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, authorized transaction time, and one of a temporary and a permanent one of a restriction and a limitation on account usage.

17. The apparatus of claim 11, further comprising:

a receiver for receiving a reply signal, wherein said reply signal contains information for one of approving and disapproving the transaction.

50. The apparatus of claim 11, wherein transaction one of data and information is stored in said memory device, and further wherein said processor processes said transaction one of data and information and generates a transaction record, wherein said transaction record contains information regarding transaction activity occurring on the account during one of a time period and a time interval, and further wherein said apparatus further comprises:

a transmitter for transmitting said transaction record one of to the account holder and to a communication device associated with the account holder.

18. A method for providing account security, comprising:

receiving one of a limitation and a restriction on usage of a brokerage account, wherein said one of a limitation and a restriction are received from an account holder in real-time;

storing said one of a limitation and a restriction;

processing a transaction on the brokerage account in conjunction with said one of a limitation and a restriction; and

generating a first signal, wherein said first signal contains information for one of approving and disapproving the transaction.

59. The method of claim 18, further comprising:

transmitting a notification signal to a communication device associated with the account holder, wherein the communication device is one of a device for receiving said notification signal, a telephone, a beeper, a pager, a two-way pager, a reply pager, a home computer, a personal computer, a personal communication device, a personal communication services device, a digital communication device, a television, an interactive television, a digital television, a personal digital assistant, a display telephone, a radio, a car radio, a video telephone, a watch, a cellular telephone, a wireless telephone, a mobile telephone, a display cellular telephone, and a facsimile machine.

60. The method of claim 18, wherein said transaction involves at least one of a good, a service, cash, a cash instrument, a cash derivative, a security, a stock, a bond, a derivative instrument, a stock derivative, a bond derivative, a commodity, a mutual fund share, a future, an option, an index fund, a future derivative, an option derivative, an index fund derivative, electronic money, electronic cash, electronic currency, digital money, digital cash, digital currency, an electronic money account, a digital money account, an electronic money checking account, an electronic money savings account, an automated teller machine account, a clearing transaction, a check clearing transaction, an account charging transaction, and a charge-back transaction.

61. The method of claim 18, wherein said first signal contains information regarding one of transaction type, type of one of good, service, security, stock, bond, and derivative instrument, involved in the transaction, transaction amount, location of transaction, time of transaction, and one of an individual and an entity involved in the transaction.

62. The method of claim 18, further comprising:

counting a number of unauthorized transactions which occur on the account; and

one of canceling the transaction and de-activating the account.

63. The method of claim 18, wherein said one of a limitation and a restriction is at least one of a limitation and a restriction involving at least one of a type of transaction, one of an individual, an entity, and an institution, authorized to perform a transaction on the account, a financial institution authorized to one of perform a transaction on the account, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, authorized transaction time, and one of a temporary and a permanent one of a restriction and a limitation on account usage.

64. The method of claim 59, further comprising:

receiving a reply signal, wherein said reply signal contains information for one of approving and disapproving the transaction.

84. The method of claim 18, further comprising:

storing transaction one of data and information;

processing said transaction one of data and information;

generating a transaction record, wherein said transaction record contains information regarding transaction activity occurring on the account during one of a time period and a time interval; and

transmitting said transaction record one of to the account holder and to a communication device associated with the account holder.

19. An apparatus for providing account security, comprising:

a processor for processing a first signal, wherein said first signal contains information corresponding to a transaction occurring on an electronic money account, and further wherein said processor one of generates and transmits a second signal, wherein said second signal contains information for providing a notification of the transaction; and

a transmitter for transmitting said second signal one of to the account holder and to a communication device associated with the account holder, wherein said second signal provides notification of the transaction.

20. The apparatus of claim 19, further comprising:

a receiver for receiving said first signal.

21. The apparatus of claim 19, further comprising:

an input device for inputting said first signal into said apparatus.

22. The apparatus of claim 19, further comprising:

a communication device for receiving said second signal, wherein said communication device is one of a device for receiving said second signal, a telephone, a beeper, a pager, a two-way pager, a reply pager, a home computer, a personal computer, a personal communication device, a personal communication services device, a digital communication device, a television, an interactive television, a digital television, a personal digital assistant, a display telephone, a radio, a car radio, a video telephone, a watch, a cellular telephone, a wireless telephone, a mobile telephone, a display cellular telephone, and a facsimile machine.

23. The apparatus of claim 19, wherein said transaction involves one of a good, a service, cash, a cash instrument, a cash derivative, a security, a stock, a bond, a derivative instrument, a stock derivative, a bond derivative, a commodity, a mutual fund share, a future, an option, an index fund, a future derivative, an option derivative, an index fund derivative, electronic money, electronic cash, electronic currency, digital money, digital cash, digital currency, an electronic money account, a digital money account, an electronic money checking account, an electronic money savings account, an automated teller machine account, a clearing transaction, a check clearing transaction, an account charging transaction, and a charge-back transaction.

24. The apparatus of claim 19, wherein said first signal contains information regarding one of transaction type, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, transaction amount, location of transaction, time of transaction, and one of an individual and an entity involved in the transaction.

25. The apparatus of claim 19, further comprising:

means for counting a number of unauthorized transactions which occur on the account; and

means for one of canceling the transaction and de-activating the account.

26. The apparatus of claim 19, wherein said processor processes said first signal in conjunction with at least one of type of transaction, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, a financial institution authorized to perform a transaction on the account, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, authorized transaction time, and one of a temporary and a permanent one of a restriction and a limitation on account usage.

27. The apparatus of claim 19, further comprising:

a receiver for receiving a reply signal from one of the account holder and an entity authorized to approve the transaction, wherein said reply signal contains information for one of approving and disapproving the transaction.

28. The apparatus of claim 19, wherein said communication device comprises:

a display device for displaying information corresponding to the transaction.

29. The apparatus of claim 22, wherein said communication device one of at least one of generates and transmits a third signal for one of approving and disapproving the transaction, is programmed for automatically at least one of generating and transmitting said third signal in response to said first signal, is programmed to automatically respond to said first signal with one of a preprogrammed and a pre-set response, and is programmed for one of approving and disapproving the transaction according to one of type of transaction, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, one of a goods provider, a service provider, a bank, and a financial institution, authorized to perform a transaction on the account, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, authorized transaction time, and one of a temporary and a permanent one of a limitation and a restriction on account usage.

30. The apparatus of claim 22, wherein at least one of said apparatus and said communication device further comprises:

a memory device for storing one of an account usage limitation and an account usage restriction for one of type of transaction, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, one of a goods provider, a service provider, a bank, and a financial institution, authorized to perform a transaction on the account, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, and authorized transaction time period.

51. The apparatus of claim 19, further comprising:

a memory device for storing transaction one of data and information,

wherein said processor processes said transaction one of data and information and generates a transaction record, wherein said transaction record contains information regarding transaction activity occurring on the account during one of a time period and a time interval, and further wherein said transmitter transmits said transaction record to one of the account holder and a communication device associated with the account holder.

31. A method for providing account security, comprising:

processing a first signal, wherein said first signal contains information corresponding to a transaction occurring on an electronic money account;

one of generating and transmitting a second signal, wherein said second signal contains information for providing a notification of the transaction; and

transmitting said second signal one of to the account holder and to a communication device associated with the account holder, wherein said second signal provides notification of the transaction.

65. The method of claim 31, further comprising:

receiving said second signal with the communication device, wherein the communication device is one of a device for receiving said second signal, a telephone, a beeper, a pager, a two-way pager, a reply pager, a home computer, a personal computer, a personal communication device, a personal communication services device, a digital communication device, a television, an interactive television, a digital television, a personal digital assistant, a display telephone, a radio, a car radio, a video telephone, a watch, a cellular telephone, a wireless telephone, a mobile telephone, a display cellular telephone, and a facsimile machine.

66. The method of claim 31, wherein said transaction involves one of a good, a service, cash, a cash instrument, a cash derivative, a security, a stock, a bond, a derivative instrument, a stock derivative, a bond derivative, a commodity, a mutual fund share, a future, an option, an index fund, a future derivative, an option derivative, an index fund derivative, electronic money, electronic cash, electronic currency, digital money, digital cash, digital currency, an electronic money account, a digital money account, an electronic money checking account, an electronic money savings account, an automated teller machine account, a clearing transaction, a check clearing transaction, an account charging transaction, and a charge-back transaction.

67. The method of claim 31, wherein said first signal contains information regarding one of transaction type, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, transaction amount, location of transaction, time of transaction, and one of an individual and an entity involved in the transaction.

68. The method of claim 31, further comprising:

counting a number of unauthorized transactions which occur on the account; and

one of canceling the transaction and de-activating the account.

69. The method of claim 31, further comprising:

processing said first signal in conjunction with at least one of type of transaction, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, a financial institution authorized to perform a transaction on the account, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, authorized transaction time, and one of a temporary and a permanent one of a restriction and a limitation on account usage.

70. The method of claim 31, further comprising:

receiving a reply signal from one of the account holder and an entity authorized to approve the transaction, wherein said reply signal contains information for one of approving and disapproving the transaction.

71. The method of claim 31, further comprising:

displaying information corresponding to the transaction.

72. The method of claim 31, further comprising:

one of generating and transmitting a third signal for one of approving and disapproving the transaction according to one of type of transaction, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, one of a goods provider, a service provider, a bank, and a financial institution, authorized to perform a transaction on the account, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, authorized transaction time, and one of a temporary and a permanent one of a limitation and a restriction on account usage.

73. The method of claim 31, further comprising:

storing one of an account usage limitation and an account usage restriction for one of type of transaction, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, one of a goods provider, a service provider, a bank, and a financial institution, authorized to perform a transaction on the account, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, and authorized transaction time period.

85. The method of claim 31, further comprising:

storing transaction one of data and information;

processing said transaction one of data and information;

generating a transaction record, wherein said transaction record contains information regarding transaction activity occurring on the account during one of a time period and a time interval; and

transmitting said transaction record one of to the account holder and to the communication device associated with the account holder.

32. An apparatus for providing account security, comprising:

a processor for processing a first signal, wherein said first signal contains information corresponding to a transaction occurring on a brokerage account, and further wherein said processor one of generates and transmits a second signal, wherein said second signal contains information for providing a notification of the transaction; and

a transmitter for transmitting said second signal one of to the account holder and to a communication device associated with the account holder, wherein said second signal provides notification of the transaction, and further wherein said second signal is transmitted over a communication network directly one of to the account holder and to the communication device associated with the account holder.

33. The apparatus of claim 32, further comprising:

a receiver for receiving said first signal.

34. The apparatus of claim 32, further comprising:

an input device for inputting said first signal into said apparatus.

35. The apparatus of claim 32, further comprising:

a communication device for receiving said second signal, wherein said communication device is one of a device for receiving said second signal, a telephone, a beeper, a pager, a two-way pager, a reply pager, a home computer, a personal computer, a personal communication device, a personal communication services device, a digital communication device, a television, an interactive television, a digital television, a personal digital assistant, a display telephone, a radio, a car radio, a video telephone, a watch, a cellular telephone, a wireless telephone, a mobile telephone, a display cellular telephone, and a facsimile machine.

36. The apparatus of claim 32, wherein said transaction involves one of a good, a service, cash, a cash instrument, a cash derivative, a security, a stock, a bond, a derivative instrument, a stock derivative, a bond derivative, a commodity, a mutual fund share, a future, an option, an index fund, a future derivative, an option derivative, an index fund derivative, electronic money, electronic cash, electronic currency, digital money, digital cash, digital currency, an electronic money account, a digital money account, an electronic money checking account, an electronic money savings account, an automated teller machine account, a clearing transaction, a check clearing transaction, an account charging transaction, and a charge-back transaction.

37. The apparatus of claim 32, wherein said first signal contains information regarding one of transaction type, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, transaction amount, location of transaction, time of transaction, and one of an individual and an entity involved in the transaction.

38. The apparatus of claim 32, further comprising:

means for counting a number of unauthorized transactions which occur on the account; and

means for one of canceling the transaction and de-activating the account.

39. The apparatus of claim 32, wherein said processor processes said first signal in conjunction with at least one of type of transaction, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, a financial institution authorized to perform a transaction on the account, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, authorized transaction time, and one of a temporary and a permanent one of a limitation and a restriction on account usage.

40. The apparatus of claim 32, further comprising:

a receiver for receiving a reply signal from one of the account holder and an entity authorized to approve the transaction, wherein said reply signal contains information for one of approving and disapproving the transaction.

41. The apparatus of claim 32, wherein said communication device comprises:

a display device for displaying information corresponding to the transaction.

42. The apparatus of claim 35, wherein said communication device one of at least one of generates and transmits a third signal for one of approving and disapproving the transaction, is programmed for automatically at least one of generating and transmitting said third signal in response to said first signal, is programmed to automatically respond to said first signal with one of a preprogrammed and a pre-set response, and is programmed for one of approving and disapproving the transaction according to one of type of transaction, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, one of a goods provider, a service provider, a bank, and a financial institution, authorized to perform a transaction on the account, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, authorized transaction time, and one of a temporary and a permanent one of a limitation and a restriction on account usage.

43. The apparatus of claim 35, wherein at least one of said apparatus and said communication device further comprises:

a memory device for storing one of an account usage limitation and an account usage restriction for one of type of transaction, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, one of a goods provider, a service provider, a bank, and a financial institution, authorized to perform a transaction on the account, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, and authorized transaction time period.

52. The apparatus of claim 32, further comprising:

a memory device for storing transaction one of data and information,

wherein said processor processes said transaction one of data and information and generates a transaction record, wherein said transaction record contains information regarding transaction activity occurring on the account during one of a time period and a time interval, and further wherein said transmitter transmits said transaction record to one of the account holder and the communication device associated with the account holder.

44. A method for providing account security, comprising:

processing a first signal, wherein said first signal contains information corresponding to a transaction occurring on a brokerage account;

one of generating and transmitting a second signal, wherein said second signal contains information for providing a notification of the transaction; and

transmitting said second signal one of to the account holder and to a communication device associated with the account holder, wherein said second signal provides notification of the transaction, and further wherein said second signal is transmitted over a communication network directly one of to the account holder and to the communication device associated with the account holder.

74. The method of claim 44, further comprising:

receiving said second signal with the communication device, wherein the communication device is one of a device for receiving said second signal, a telephone, a beeper, a pager, a two-way pager, a reply pager, a home computer, a personal computer, a personal communication device, a personal communication services device, a digital communication device, a television, an interactive television, a digital television, a personal digital assistant, a display telephone, a radio, a car radio, a video telephone, a watch, a cellular telephone, a wireless telephone, a mobile telephone, a display cellular telephone, and a facsimile machine.

75. The method of claim 44, wherein said transaction involves one of a good, a service, cash, a cash instrument, a cash derivative, a security, a stock, a bond, a derivative instrument, a stock derivative, a bond derivative, a commodity, a mutual fund share, a future, an option, an index fund, a future derivative, an option derivative, an index fund derivative, electronic money, electronic cash, electronic currency, digital money, digital cash, digital currency, an electronic money account, a digital money account, an electronic money checking account, an electronic money savings account, an automated teller machine account, a clearing transaction, a check clearing transaction, an account charging transaction, and a charge-back transaction.

76. The method of claim 44, wherein said first signal contains information regarding one of transaction type, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, transaction amount, location of transaction, time of transaction, and one of an individual and an entity involved in the transaction.

77. The method of claim 44, further comprising:

counting a number of unauthorized transactions which occur on the account; and

one of canceling the transaction and de-activating the account.

78. The method of claim 44, further comprising:

processing said first signal in conjunction with at least one of type of transaction, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, a financial institution authorized to perform a transaction on the account, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, authorized transaction time, and one of a temporary and a permanent one of a limitation and a restriction on account usage.

79. The method of claim 44, further comprising:

receiving a reply signal from one of the account holder and an entity authorized to approve the transaction, wherein said reply signal contains information for one of approving and disapproving the transaction.

80. The method of claim 44, further comprising:

displaying information corresponding to the transaction.

81. The apparatus of claim 44, further comprising:

one of generating and transmitting a third signal for one of approving and disapproving the transaction according to one of type of transaction, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, one of a goods provider, a service provider, a bank, and a financial institution, authorized to perform a transaction on the account, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, authorized transaction time, and one of a temporary and a permanent one of a limitation and a restriction on account usage.

82. The method of claim 44, further comprising:

storing one of an account usage limitation and an account usage restriction for one of type of transaction, type of one of good, service, security, stock, bond, and derivative instrument, authorized to be involved in the transaction, one of a goods provider, a service provider, a bank, and a financial institution, authorized to perform a transaction on the account, transaction amount limit, account daily spending limit, authorized geographic location for account transaction, and authorized transaction time period.

86. The method of claim 44, further comprising:

storing transaction one of data and information;

processing said transaction one of data and information;

generating a transaction record, wherein said transaction record contains information regarding transaction activity occurring on the account during one of a time period and a time interval; and

transmitting said transaction record one of to the account holder and to the communication device associated with the account holder.

45. An apparatus for providing account security, comprising:

means for receiving one of a limitation and a restriction on usage of an electronic money account, wherein said one of a limitation and a restriction are received from an account holder;

means for storing said one of a limitation and a restriction; and

means for processing a transaction on the electronic money account in conjunction with said one of a limitation and a restriction,

wherein said processing means generates a first signal, and further wherein said first signal contains information for one of approving and disapproving the transaction.

46. An apparatus for providing account security, comprising:

means for receiving one of a limitation and a restriction on usage of a brokerage account, wherein said one of a limitation and a restriction are received from an account holder in real-time;

means for storing said one of a limitation and a restriction; and

means for processing a transaction on the brokerage account in conjunction with said one of a limitation and a restriction,

wherein said processing means generates a first signal, and further wherein said first signal contains information for one of approving and disapproving the transaction.

47. An apparatus for providing account security, comprising:

means for processing a first signal, wherein said first signal contains information corresponding to a transaction occurring on an electronic money account, and further wherein said processing means one of generates and transmits a second signal, wherein said second signal contains information for providing a notification of the transaction; and

means for transmitting said second signal one of to the account holder and to a communication device associated with the account holder, wherein said second signal provides notification of the transaction.

48. An apparatus for providing account security, comprising:

means for processing a first signal, wherein said first signal contains information corresponding to a transaction occurring on a brokerage account, and further wherein said processing means one of generates and transmits a second signal, wherein said second signal contains information for providing a notification of the transaction; and

means for transmitting said second signal one of to the account holder and to a communication device associated with the account holder, wherein said second signal provides notification of the transaction, and further wherein said second signal is transmitted over a communication network directly one of to the account holder and to the communication device associated with the account holder.