Verification of a financial instrument allowing rules-based pre-acceptance use of the financial instrument
First Claim
1. A method, comprising:
- receiving, by a service provider system comprising one or more computers, identification of a payment account to be used in fulfilling payment requests submitted by a subscriber to a service provider;
responsive to receiving the identification of the payment account, confirming, by the service provider system, a legitimate association of the payment account with the subscriber;
upon confirming the legitimate association of the payment account with the subscriber, storing, by the service provider system, an indication that the payment account is confirmed as a confirmed account for use in funding future payment requests from the subscriber; and
prior to storing the indication that the payment account is confirmed as a confirmed account;
receiving, by the service provider system, a payment request on behalf of the subscriber specifying the payment account as the source of funds, the payment account being unconfirmed prior to storing the indication that the payment account is confirmed,determining, by the service provider system, that the unconfirmed payment account is not indicated as a confirmed account,in response to determining that the unconfirmed payment account is not indicated as a confirmed account, determining, by the service provider system, that the payment request complies with at least one pre-acceptance transaction rule, wherein each of the at least one pre-acceptance transaction rule specifies at least one respective criterion for allowing payment request processing utilizing the unconfirmed payment account prior to storing the indication that the unconfirmed payment account is confirmed for use in funding future payment requests from the subscriber, anddirecting, by the service provider system, payment from the unconfirmed account in accordance with the payment request after determining that the payment request complies with the at least one pre-acceptance transaction rule.
2 Assignments
0 Petitions
Accused Products
Abstract
A method of verifying authority of a customer to use a financial instrument, includes initiating one or more transactions using a financial instrument identified by a customer. One or more attributes of the initiated one or more transactions are stored. A determination is made as to whether or not a further financial transaction using the identified financial instrument, requested by the customer prior to acceptance of the use of the financial instrument, complies with pre-acceptance transaction rules. The further transaction is initiated only if it is determined to comply with the pre-acceptance transaction rules. One or more proffered attributes are received, typically from the customer. The received proffered attributes are compared to the stored attributes. Use of the financial instrument by the customer is then accepted if the received proffered attributes correspond to the stored attributes.
43 Citations
25 Claims
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1. A method, comprising:
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receiving, by a service provider system comprising one or more computers, identification of a payment account to be used in fulfilling payment requests submitted by a subscriber to a service provider; responsive to receiving the identification of the payment account, confirming, by the service provider system, a legitimate association of the payment account with the subscriber; upon confirming the legitimate association of the payment account with the subscriber, storing, by the service provider system, an indication that the payment account is confirmed as a confirmed account for use in funding future payment requests from the subscriber; and prior to storing the indication that the payment account is confirmed as a confirmed account; receiving, by the service provider system, a payment request on behalf of the subscriber specifying the payment account as the source of funds, the payment account being unconfirmed prior to storing the indication that the payment account is confirmed, determining, by the service provider system, that the unconfirmed payment account is not indicated as a confirmed account, in response to determining that the unconfirmed payment account is not indicated as a confirmed account, determining, by the service provider system, that the payment request complies with at least one pre-acceptance transaction rule, wherein each of the at least one pre-acceptance transaction rule specifies at least one respective criterion for allowing payment request processing utilizing the unconfirmed payment account prior to storing the indication that the unconfirmed payment account is confirmed for use in funding future payment requests from the subscriber, and directing, by the service provider system, payment from the unconfirmed account in accordance with the payment request after determining that the payment request complies with the at least one pre-acceptance transaction rule. - View Dependent Claims (2, 3, 4, 5, 6, 7, 16, 17, 20, 21, 22)
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8. A system comprising:
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a storage device, wherein the storage device includes at least one pre-acceptance transaction rule; and a processor, in communication with the storage device, wherein the processor is configured to execute software instructions to; receive, from a subscriber, identification of a payment account to be used in fulfilling payment requests submitted by a subscriber to a service provider; responsive to receiving the identification of the payment account, confirm a legitimate association of the payment account with the subscriber; upon confirming the legitimate association of the payment account with the subscriber, storing an indication that the payment account is confirmed as a confirmed account for use in funding future payment requests from the subscriber; and prior to storing the indication that the payment account is confirmed as a confirmed account; receive a payment request on behalf of the subscriber specifying the payment account as the source of funds, the payment account being unconfirmed prior to storing the indication that the payment account is confirmed, determining, by the service provider system, that the unconfirmed payment account is not indicated as a confirmed account, in response to determining that the unconfirmed payment account is not indicated as a confirmed account, determine that the payment request complies with the at least one pre-acceptance transaction rule, wherein each of the at least one pre-acceptance transaction rule specifies at least one respective criterion for allowing payment request processing utilizing the unconfirmed payment account prior to storing the indication that the unconfirmed payment account is confirmed for use in funding future payment requests from the subscriber, and direct payment from the unconfirmed account in accordance with the payment request after determining that the payment request complies with the at least one pre-acceptance transaction rule. - View Dependent Claims (9, 10, 11, 12, 13, 14, 18, 19, 23, 24, 25)
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15. A system, comprising:
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means for receiving, from a subscriber, identification of a payment account to be used in fulfilling payment requests submitted by a subscriber to the service provider; means for, responsive to receiving the identification of the payment account, confirming a legitimate association of the payment account with the subscriber; means for storing an indication that the payment account is confirmed as a confirmed account for use in funding future payment requests from the subscriber upon confirming the legitimate association of the payment account with the subscriber; and means for prior to storing the indication that the payment account is confirmed as a confirmed account; receiving a payment request on behalf of the subscriber specifying the payment account as the source of funds, the payment account being unconfirmed prior to storing the indication that the payment account is confirmed, determining, by the service provider system, that the unconfirmed payment account is not indicated as a confirmed account, in response to determining that the unconfirmed payment account is not indicated as a confirmed account, determining that the payment request complies with at least one pre-acceptance transaction rule, wherein each of the at least one pre-acceptance transaction rule specifies at least one respective criterion for allowing payment request processing prior to storing the indication that the unconfirmed payment account is confirmed for use in funding future payment requests from the subscriber, and directing payment from the unconfirmed account in accordance with the payment request after determining that the payment request complies with the at least one pre-acceptance transaction rule.
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Specification