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Method and apparatus for secure online transactions

  • US 7,200,577 B2
  • Filed: 05/01/2002
  • Issued: 04/03/2007
  • Est. Priority Date: 05/01/2002
  • Status: Expired due to Term
First Claim
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1. An online transaction method comprising the steps of:

  • registering, by a user, to a merchant through a wallet service by providing said user'"'"'s personal and credit card information, wherein said step of registering at a site of said merchant further comprises the steps of;

    starting, by said user, to add a credit card to said wallet;

    said wallet contacting a credit card issuer over a network and checking whether said credit card issuer provides online enrollment of additional online authentication;

    said wallet asking said user to opt into online credit card authentication from said credit card issuer;

    performing a step from a group of steps consisting of;

    storing said credit card into said wallet when said user does not opt in; and

    notifying said credit card issuer when the user does opt in;

    the user providing a first level authentication to said merchant when said user logs on to start a transaction;

    shopping, by said user, at a site of said merchant;

    starting check out from said site of said merchant;

    entering, by said user, a level-two authentication password;

    authenticating, by said wallet, said user using said level-two authentication password; and

    completing check out at said site of said merchant using a credit card enrolled in said wallet.

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