Transaction authentication system and method
First Claim
1. A method for transaction verification, comprising:
- (a) receiving a request at a central server system, from a payment institution separate from the central server system, for verification of a cardholder electronic transaction, the payment institution receiving a request from a merchant separate from the payment institution;
(b) automatically initiating contact by a first internet capable device associated with said cardholder with the central server system;
(c) determining, by said central server system based on said contact, if said cardholder electronic transaction is authorized by said cardholder; and
(d) communicating authentication information, by said central server system, to said payment institution.
7 Assignments
0 Petitions
Accused Products
Abstract
A transaction security and authentication apparatus and system for electronic commerce which provides authentication of internet purchases by communication with a cardholder'"'"'s base computer, or by contacting the cardholder by remote access for purchase verification. The system preferably comprises at least one central server system associated with a remote access system and configured for communication with a payment institution, and at least one internet capable device, operatively coupled for communication with the central server system, with the central server system configured to determine authentication of a cardholder electronic transaction, according to data received from the internet capable device upon a request for verification of the cardholder electronic transaction from the payment institution. The method of the invention generally comprises requesting verification of a cardholder electronic transaction, by a payment institution, from a central server system, contacting, by the central server system, at least one internet capable device associated with the cardholder, determining, by the central server system, if the cardholder electronic transaction is authorized by the cardholder, and communicating authentication information, by the central server system, to the payment institution.
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Citations
20 Claims
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1. A method for transaction verification, comprising:
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(a) receiving a request at a central server system, from a payment institution separate from the central server system, for verification of a cardholder electronic transaction, the payment institution receiving a request from a merchant separate from the payment institution; (b) automatically initiating contact by a first internet capable device associated with said cardholder with the central server system; (c) determining, by said central server system based on said contact, if said cardholder electronic transaction is authorized by said cardholder; and (d) communicating authentication information, by said central server system, to said payment institution. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A transaction authentication system, comprising:
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(a) at least one central server system associated with a remote access system, said central server system configured for communication with a payment institution for providing credit based on a request from a merchant that is separate from the payment institution; and (b) at least one cardholder base computer operatively coupled for communication with said central server system, said base computer including an agent configured to intermittently initiate contact with said central server system when said base computer is online; and (c) said central server system configured to determine authentication of a cardholder electronic transaction, according to data received from said base computer, upon a request for verification of said cardholder electronic transaction from said payment institution. - View Dependent Claims (10)
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11. A method for transaction verification, comprising:
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(a) requesting authentication of a cardholder electronic transaction from a merchant, via a payment institution separate from the merchant; (b) receiving intermittent contact initiated by an internet capable device; (c) transmitting an authentication request to the internet capable device associated with said cardholder via a network in response to receipt of the intermittent contact from the internet capable device in said step (b); (d) transmitting a second authentication request to a wireless remote device associated with said cardholder via a network; (e) authenticating said cardholder electronic transaction based on said steps (c) and (d) of transmitting an authentication request to the internet capable device and wireless remote device associated with said cardholder; and (f) allowing said cardholder electronic transaction by said payment institution. - View Dependent Claims (12, 13, 14, 15)
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16. A method for transaction verification, comprising:
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(a) receiving a request at a central server system from a payment institution for verification of a cardholder electronic transaction; (b) receiving an automatic intermittent contact initiated by an internet capable device querying as to the existence of an electronic transaction at the central server system to be verified; (c) determining, by said central server system based on said intermittent contact, if said cardholder electronic transaction is authorized by said cardholder; and (d) communicating authentication information, by said central server system, to said payment institution. - View Dependent Claims (17, 18, 19, 20)
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Specification