System and method for pre-verifying commercial transactions
First Claim
1. A computer system for verifying a commercial transaction between a user with account information and a merchant, said computer system comprising:
- a processing unit for processing data and code; and
memory for storing said data and said code, said data and said code comprisinga merchant communications module operative to facilitate a connection with said merchant for receiving a transaction approval request, said transaction approval request including information to identify an account-holder associated with said account information,a pre-verification condition associated with said account-holder, said pre-verification condition defining a pre-verified circumstance when account-holder verification of said transaction approval request is not needed if said transaction approval request satisfies said pre-verification condition,an account-holder communications module operative to facilitate a separate connection with said account-holder for said account-holderto verify said transaction approval request, andto set said pre-verification condition, so that said account-holder can specify the circumstances when account-holder verification is not needed,an authorization module responsive to said transaction approval request and operative to compare said transaction approval request with said pre-verification condition,to verify said transaction approval request without obtaining verification from said account-holder if said pre-verification condition is satisfied,to verify said transaction approval request with said account-holder via said account-holder communications module if said pre-verification condition is not satisfied, andto issue an approval to said merchant only if said transaction approval request is verified; and
whereinsaid authorization module includes an interactive verification module operative to wait for said account-holder to initiate said connection with said account-holder communication module, any prior notification to said account-holder regarding said transaction approval request being disabled.
1 Assignment
0 Petitions
Accused Products
Abstract
A system and method is disclosed for verifying a commercial transaction between a card-holder, a merchant, and a credit card company. The card-holder makes a purchase with the merchant using a full credit card number. The merchant submits a transaction approval request for approval with the credit card company. The credit card company executes conventional credit approval of the transaction approval request, as well as verifies the transaction approval request with the card-holder. An approval is sent to the merchant only after the transaction approval request is both conventionally approved by the credit card company and verified by the card-holder. The card-holder, or the credit card company, may initiate verification of the transaction approval request. The transaction approval request can also be automatically verified if one or many pre-verification criteria is/are satisfied by data contained in the transaction approval request. The pre-verification criteria can be initially determined and/or modified by the card-holder.
41 Citations
47 Claims
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1. A computer system for verifying a commercial transaction between a user with account information and a merchant, said computer system comprising:
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a processing unit for processing data and code; and memory for storing said data and said code, said data and said code comprising a merchant communications module operative to facilitate a connection with said merchant for receiving a transaction approval request, said transaction approval request including information to identify an account-holder associated with said account information, a pre-verification condition associated with said account-holder, said pre-verification condition defining a pre-verified circumstance when account-holder verification of said transaction approval request is not needed if said transaction approval request satisfies said pre-verification condition, an account-holder communications module operative to facilitate a separate connection with said account-holder for said account-holder to verify said transaction approval request, and to set said pre-verification condition, so that said account-holder can specify the circumstances when account-holder verification is not needed, an authorization module responsive to said transaction approval request and operative to compare said transaction approval request with said pre-verification condition, to verify said transaction approval request without obtaining verification from said account-holder if said pre-verification condition is satisfied, to verify said transaction approval request with said account-holder via said account-holder communications module if said pre-verification condition is not satisfied, and to issue an approval to said merchant only if said transaction approval request is verified; and
whereinsaid authorization module includes an interactive verification module operative to wait for said account-holder to initiate said connection with said account-holder communication module, any prior notification to said account-holder regarding said transaction approval request being disabled. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. In a computer system, a method for verifying a commercial transaction between a user with account information and a merchant, said method comprising:
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storing a pre-verification condition for an account-holder associated with said account information, said pre-verification condition defining a pre-verified circumstance when account-holder verification of a transaction approval request is not needed if said transaction approval request satisfies said pre-verification condition receiving said transaction approval request from said merchant, said transaction approval request including information to identify said account-holder; comparing said transaction approval request to said pre-verification condition; verifying said transaction approval request without obtaining account-holder verification if said pre-verification condition is met; verifying said transaction approval request with said account-holder if said pre-verification condition is not met, said verification with said account-holder including disabling any notification to said account-holder and waiting for said account-holder to initiate communication with said computer system; and issuing an approval to said merchant only if said transaction approval request is verified. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23)
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24. A non-transitory computer-readable storage medium having code embodied therein for causing an electronic device to:
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store a pre-verification condition for an account-holder associated with account information, said pre-verification condition defining a pre-verified circumstance when account-holder verification of a transaction approval request associated with a commercial transaction between a user with said account information and a merchant is not needed if said transaction approval request satisfies said pre-verification condition; receive said transaction approval request from said merchant, said transaction approval request including information to identify said account-holder; compare said transaction approval request to said pre-verification condition; verify said transaction approval request without obtaining account-holder verification if said pre-verification condition is met; verify said transaction approval request with said account-holder if said pre-verification condition is not met, including disabling any notification to said account-holder and waiting for said account-holder to initiate communication with said computer system; and issue an approval to said merchant only if said transaction approval request is verified. - View Dependent Claims (25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35)
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36. In a computer system, a method for verifying commercial transactions between a user with account information and a merchant, said method comprising:
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storing a pre-verification condition for an account-holder associated with said account information, said pre-verification condition defining a pre-verified circumstance when account-holder verification of a transaction approval request is not needed if said transaction approval request satisfies said pre-verification condition; receiving instructions from said account-holder to selectively enable a previously-disabled verification function; receiving said transaction approval request from said merchant, said transaction approval request including information to identify said account-holder; comparing said transaction approval request to said pre-verification condition; verifying said transaction approval request without obtaining account-holder verification if said pre-verification condition is met; verifying said transaction approval request with said account-holder if said pre- verification condition is not met; issuing an approval to said merchant only if said transaction approval request is verified or if said verification function has been selectively disabled; receiving instructions from said account-holder to selectively disable said previously-enabled verification function; receiving a subsequent transaction approval request from another merchant; and issuing an approval to said another merchant without verifying said subsequent transaction approval request responsive to said selectively-disabled verification function. - View Dependent Claims (37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47)
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Specification