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Method and system for processing a transaction

DC CAFC
  • US 7,080,049 B2
  • Filed: 09/21/2001
  • Issued: 07/18/2006
  • Est. Priority Date: 09/21/2001
  • Status: Expired due to Term
First Claim
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1. A method of processing payment for a transaction, the method including:

  • providing a user with an option, via an electronic terminal used to carry out the transaction, to select payment for the transaction from a telephone account associated with a subscriber line to which the electronic terminal is connected;

    receiving a user request entered into the electronic terminal to process payment from the telephone account;

    investigating data associated with the subscriber line including retrieving information from a line identification database (LIDB) and performing a validation process;

    selectively approving the transaction dependent upon an outcome of the investigation; and

    selectively routing processing of the transaction to a financial instrument gateway in the event of the validation process not validating the subscriber line.

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