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Method and system for processing recurrent consumer transactions

  • US 7,996,288 B1
  • Filed: 11/15/2000
  • Issued: 08/09/2011
  • Est. Priority Date: 11/15/2000
  • Status: Expired due to Fees
First Claim
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1. A method for securely processing recurrent consumer transactions comprising:

  • providing merchant-specific proxy financial account information to a user, the proxy financial account information valid for multiple transactions at a single merchant only;

    maintaining with a computer a database of the merchant-specific proxy financial account information;

    receiving at the computer a request for transaction approval from a merchant, the request including a merchant identifier and a user'"'"'s proxy financial account information; and

    querying the database with the computer to determine if the proxy financial account information is valid for the merchant seeking transaction approval.

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