Secure networked transaction system

• US 8,229,848 B2
• Filed: 12/13/2010
• Issued: 07/24/2012
• Est. Priority Date: 12/16/1999
• Status: Expired due to Fees

• Current Assignee: Kioba Processing, LLC (IP Investments Group LLC)
• Original Assignee: Ucetrans KG LLC (Intellectual Ventures LLC)
• Inventors: Krueger, Scott, Goodman, Daniel
• Primary Examiner(s): Rosen, Elizabeth
• Application Number:
  US12/966,558
• Publication Number:
  US 20110082793A1
• Time in Patent Office: 589 Days
• Field of Search: 705/35, 705/39, 705/64, 705/67, 705/72, 705/74, 705/75
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/383 Anonymous user system
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• 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 20/4012 Verifying personal identification numbers [PIN]
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A method and system for approving a transaction between a customer and a merchant including the steps of transmitting a transaction request from a customer to a merchant; transmitting a verification request from the merchant to a verification entity, the verification request comprising first data; the customer device transmitting second data to the verification entity; and the verification entity performing a verification step by using the first data and the second data to verify if the transaction should be approved.

Claims

1. A method comprising:

receiving, at a merchant computing device, transaction information indicating a requested transaction from a user computing device, the transaction information including a first portion of credit card or debit card information, wherein the credit card or debit card information also includes a second portion that is necessary to complete the requested transaction that is not received at the merchant computing device;

in response to receiving the transaction information, redirecting the user computing device to a user interface associated with a verification system, the user interface requesting the second portion of the credit card or debit card information;

receiving at the merchant computing device a first approval indication from the verification system;

receiving at the merchant computing device a second approval indication from the user computing device;

comparing the first approval indication and the second approval indication; and

in response to determining, at the merchant computing device, that the first approval indication and the second approval indication match, initiating completion of a transaction indicated in the transaction information.

2. The method of claim 1, wherein the first portion comprises at least part of a credit card account number and the second portion comprises at least part of a card security code associated with the credit card account number.

3. The method of claim 1, wherein the first portion comprises at least part of a debit card account number and the second portion comprises at least part of a PIN number associated with the debit card account number.

4. The method of claim 1, wherein the first portion comprises at least part of a credit card account number and the second portion comprises at least part of an expiration date associated with the credit card account number.

5. The method of claim 1, wherein the transaction information further comprises information associated with a product to be purchased by the user computing device and a payment amount associated with the product.

6. A computing system comprising:

a processor; and

a computer readable medium storing machine-executable instructions including one or more modules configured for execution by the processor in order to cause the computing system to;

receive, at a merchant computing device, transaction information indicating a requested transaction from a user computing device, the transaction information including a first portion of credit card or debit card information, wherein the credit card or debit card information also includes a second portion that is necessary to complete the requested transaction that is not received at the merchant computing device;

in response to receiving the transaction information, redirect the user computing device to a user interface associated with a verification system, the user interface requesting the second portion of the credit card or debit card information;

receive at the merchant computing device a first approval indication from the verification system;

receive at the merchant computing device a second approval indication from the user computing device;

compare the first approval indication and the second approval indication; and

in response to determining that the first approval indication and the second approval indication match, initiate completion of a transaction indicated in the transaction information.

7. The system of claim 6, wherein the first portion comprises at least part of a credit card account number and the second portion comprises at least part of a card security code associated with the credit card account number.

8. The system of claim 6, wherein the first portion comprises at least part of a debit card account number and the second portion comprises at least part of a PIN number associated with the debit card account number.

9. The system of claim 6, wherein the first portion comprises at least part of a credit card account number and the second portion comprises at least part of an expiration date associated with the credit card account number.

10. The system of claim 6, wherein the transaction information further comprises information associated with a product to be purchased by the user computing device and a payment amount associated with the product.

11. A computer-readable medium having instructions stored thereon that, if executed by a computing device, cause the computing device to perform operations comprising:

receiving, at a merchant computing device, transaction information indicating a requested transaction from a user computing device, the transaction information including a first portion of financial account information, wherein the financial account information also includes a second portion that is necessary to complete the requested transaction that is not received at the merchant computing device;

in response to receiving the transaction information, redirecting the user computing device to a user interface associated with a verification system, the user interface requesting the second portion of the financial account information;

receiving at the merchant computing device a first approval indication from the verification system;

receiving at the merchant computing device a second approval indication from the user computing device;

comparing the first approval indication and the second approval indication; and

in response to determining that the first approval indication and the second approval indication match, initiating completion of a transaction indicated in the transaction information.

12. The computer-readable medium of claim 11, wherein the first portion comprises at least part of a credit card account number and the second portion comprises at least part of a card security code associated with the credit card account number.

13. The computer-readable medium of claim 11, wherein the first portion comprises at least part of a debit card account number and the second portion comprises at least part of a PIN number associated with the debit card account number.

14. The computer-readable medium of claim 11, wherein the first portion comprises at least part of a credit card account number and the second portion comprises at least part of an expiration date associated with the credit card account number.

15. The computer-readable medium of claim 11, wherein the transaction information further comprises information associated with a product to be purchased by the user computing device and a payment amount associated with the product.