Method and system for processing a transaction

• US 7,080,049 B2
• Filed: 09/21/2001
• Issued: 07/18/2006
• Est. Priority Date: 09/21/2001
• Status: Expired due to Term

• Current Assignee: Jolly Seven, Series 70 of Allied Security Trust I (Allied Security Trust)
• Original Assignee: Paymentone Corporation
• Inventors: Truitt, Jennifer R., Philbin, M. Brendan, Lynam, Joseph M., Dawson, Ken R.
• Primary Examiner(s): Trammell, James P.
• Assistant Examiner(s): Greene, Daniel L.
• Application Number:
  US09/962,043
• Publication Number:
  US 20030200182A1
• Time in Patent Office: 1,761 Days
• Field of Search: 705/26, 705/64, 705/50, 705/75, 379/112, 379/114
• US Class Current: 705/75
• CPC Class Codes: G06Q 20/16 Payments settled via telecommunication 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 20/401 Transaction verification
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A method of, and system for, processing payment for a transaction is provided. The method includes providing a user with an option to select payment for the transaction from an account associated with a communication line via which an electronic terminal is connected to a communication network. The communication line is typically a subscriber line and, accordingly, the account is a telephone account associated with the subscriber line. When a user transacts with a vendor for goods and/or services, the user may request to process payment using the telephone account instead of using a credit or debit card. The method includes investigating data using the telephone number associated with the subscriber line and, selectively approving the transaction dependent upon an outcome of the investigation. The invention extends to a transaction processor interface and to and a transaction validation module. The invention also extends to computer program products including the invention.

Claims

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.

2. A method as claimed in claim 1, which includes identifying a telephone number of the subscriber line using automatic number identification (ANI) techniques.

3. A method as claimed in claim 2, which includes combining the telephone number and transaction data to form a financial instrument record.

4. A method as claimed in claim 3, in which the financial instrument record is a credit card record.

5. A method as claimed in claim 1, which includes obtaining a user entered telephone number from the electronic terminal and comparing the user entered telephone number with the telephone number obtained using ANI techniques.

6. A method of validating a transaction conducted using an electronic terminal connected via a subscriber line to an electronic network, the method including:

receiving a financial instrument record associated with the transaction;

extracting a telephone number of a subscriber line from the financial instrument record;

interrogating at least one line identification database (LIDB) based on the telephone number to obtain validation data associated with the subscriber line and selectively validating the transaction according to the validation data; and

communicating a validating message on approval of the transaction if the subscriber line is validated, and routing processing of the transaction to a financial card gateway in the event of the subscriber line is not validated.

7. A method as claimed in claim 6, in which charges for the transaction are included in an account associated with the subscriber line.

8. A transaction processing system for processing a transaction between a vendor and an electronic terminal connected via a communication line to a communication network, the system including:

an application interface for providing a user, via the electronic terminal used to carry out the transaction, with an option to select payment for the transaction from an account associated with the communication line to which the electronic terminal is connected, and receiving a user request entered into the terminal to process payment from the account; and

a modification module connected to the application interface, the modification module generating a record which includes a unique identifier associated with the communication line and communicating the record to a validation module which validates the transaction based on data associated with the unique identifier, wherein payment is routed to financial card gateway if a validation module invalidates the transaction.

9. A system as claimed in claim 8, in which the communication line is a subscriber line and the unique identifier is a telephone number associated with the subscriber line.

10. A system as claimed in claim 9, which includes an automatic number identification (ANI) module automatically to identify the telephone number.

11. A system as claimed in claim 10, in which the validation module includes:

a telephone number extraction module for extracting a telephone number from the record, the telephone number defining the unique identifier; and

a process module which interrogates at least one reference data base to obtain data associated with the telephone number and, in response thereto, generates a validation status.

12. A system as claimed in claim 10, in which the processor module interrogates a line identification database (LIDB).

13. A system as claimed in claim 10, in which the processor module validates the transaction if charges can be included in the account associated with the subscriber line, and invalidates the transaction if the charges cannot be included in the account.

14. A system as claimed in claim 11, which includes an exchange interface for interfacing the validation module to an accounting facility of a telecommunication company at which the account is held thereby automatically to include the charges for the transaction in the account.

15. A system as claimed in claim 8, in which the record is a financial instrument record.

16. A system as claimed in claim 15, in which the record is selected from a group including a credit card record and a debit card record.

17. A transaction processor interface for processing payment of a transaction, the interface including:

an application interface for 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, and for receiving a user request entered into the electronic terminal to process payment from the telephone account;

a modification module for creating a financial instrument record which includes a telephone number associated with the subscriber line wherein the financial instrument record is selected from a group consisting of a credit card record and a debit card record; and

a communication module to route the transaction to financial card gateway if a validation module invalidates the transaction.

18. A transaction processor interface as claimed in claim 17, which includes an automatic number identification (ANI) module to obtain the telephone number of the subscriber line.

19. A transaction processor interface as claimed in claim 17, which includes a communications module for communicating the financial instrument record to a validation module for validating the transaction based on data associated with the unique identifier.

20. A transaction validation module for validating a transaction conducted using an electronic terminal connected via a subscriber line to an electronic network, the module including:

an extraction module for extracting a telephone number of the subscriber line from a financial instrument record associated with the transaction; and

a processor module for interrogating at least one line identification database (LIDB) based on the telephone number to obtain validation data associated with the subscriber line and selectively validating the transaction according to the validation data,

wherein a validating message is communicated on approval of the transaction if the communication line is validated, and processing of the transaction is routed to a financial card gateway if the communication line is not validated.

21. A transaction validation module as claimed in claim 20, in which charges for the transaction are included in an account associated with the subscriber line.

22. A computer program product including a medium readable by a processor, the medium carrying instructions which, when executed by the processor, cause the processor to:

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

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

investigate data associated with the subscriber line;

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

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

23. A product as claimed in claim 22, which includes identifying the telephone number of the subscriber line using automatic number identification (ANI) techniques.

24. A product as claimed in claim 22, which includes combining the telephone number and transaction data to form a financial instrument record.

25. A computer program product including a medium readable by a processor, the medium carrying instructions which, when executed by the processor, cause the processor to:

receive a financial instrument record associated with the transaction conducted using an electronic terminal connected via a subscriber line connected to a communication network;

extract a telephone number from the financial instrument record, the telephone number being associated with the communication line;

interrogate at least one database based on the telephone number to obtain validation data associated with the subscriber line and selectively validate the transaction according to the validation data; and

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

26. A product as claimed in claim 25, in which the processor retrieves information from a line identification database (LIDB).

27. A method as claimed in claim 25, in which charges for the transaction are included in a telephone account associated with the subscriber line.