Secure authentication and payment system

• US 8,401,963 B2
• Filed: 01/08/2010
• Issued: 03/19/2013
• Est. Priority Date: 07/06/2001
• Status: Active Grant

• Current Assignee: Aliaswire, Inc.
• Original Assignee: Hossein Mohsenzadeh
• Inventors: Mohsenzadeh, Hossein
• Primary Examiner(s): Hamilton, Lalita M
• Application Number:
  US12/684,541
• Publication Number:
  US 20100114681A1
• Time in Patent Office: 1,166 Days
• Field of Search: 705/35, 705/39, 705/40
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• 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 20/305 using wired telephone networks
• 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 20/4014 Identity check for transactions
• CPC Class Codes: G06Q 30/0241 Advertisements
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A transaction and payment and processing system securely conducts transactions over the public telephone network. The transactions may be between and among entities of any type such as individuals, merchants, utilities, banks, etc. Nothing more than access to a telephone is required after initial registration of a user.

Claims

1. A method of purchasing resources between a purchaser and a target, comprising:

storing and linking a purchaser financial account information to a purchaser telephone number;

receiving, at a Facilitator server, a message from a purchaser, the message identifying a resource to be purchased wherein the message identifies the resource by a resource identifier;

identifying, by the Facilitator server, the purchaser associated with the message using at least a telephone number provided by the purchaser;

in response to identifying the purchaser, the Facilitator server approves transfer of the resource to the purchaser.

2. The method of purchasing resources according to claim 1 wherein the message identifies the resource by means of a unique resource value.

3. A method of purchasing resources according to claim 2 wherein the purchaser originates the message from a physical site at which the resource is displayed.

4. A method of purchasing resources according to claim 1 wherein the purchaser initiates the message from a site remote from the site at which the resource is displayed.

5. A method of purchasing resources according to claim 1 wherein the resource identifier is supplied to the purchaser via broadcast advertisement.

6. A method of purchasing resources according to claim 1 wherein the resource identifier is supplied to the purchaser via print advertisement.

7. The method of claim 1, the method further comprising sending the message via Internet.

8. The method of claim 1, the method further comprising debiting the purchaser financial account and crediting target financial account in response to approving the transfer.

9. The method of claim 8, wherein the debit and credit is cleared through an entity selected from a group consisting of an Electronic Funds Transfer network, a credit card network, and an Automated Clearing House network.

10. The method of claim 8, wherein the purchaser financial account information is selected from the group consisting of a bank account number and bank routing information, a credit card account information, a debit card account information, electronic account information and a prepaid card account information.

11. The method of claim 8, wherein the purchaser financial account is selected from the group consisting of a bank account, settlement account, a credit card account, a debit card account, electronic account information and a prepaid card account.

12. The method of claim 1 wherein the message is selected from a group consisting of a voice telephony message, a text message, wireless network message, an email message and a computer browser originated message.

13. The method of claim 1 further comprising authenticating a username and a password associated with the purchaser.

14. The method of claim 1 wherein the resource identifier is displayed to the purchaser via a website.

15. The method of claim 1, wherein the message is selected from a group consisting of voice telephony, text message, wireless network message, internet protocol message, system message, peer to peer message, email and computer browser originated message.

16. The method of claim 1, further comprising authenticating a password associated with the purchaser.

17. The method of claim 1, further comprising authenticating a PIN associated with the purchaser.

18. The method of purchasing resources according to claim 1 wherein the purchaser initiates the said message via a mobile telephone.

19. The method of purchasing resources according to claim 1 wherein the purchaser initiates the said message via a computer.

20. The method of claim 1, wherein the target is selected from the group consisting of a merchant and a biller.

21. A method of facilitating a financial transaction between originator and a target, comprising:

receiving, at a server, a message in connection with the said financial transaction, the message includes an originator telephone number;

retrieving a first password stored in a database based on the originator telephone number;

receiving a second password from the originator to authenticate the financial transaction by matching the second password to the first password;

upon said matching, approving the financial transaction.

22. The method of claim 21 wherein financial transaction is a payment transaction for goods and services between a purchaser and a merchant.

23. The method of claim 21 wherein the second password is provided by the originator through a transaction device.

24. The method of claim 23, wherein the transaction device is selected from the group consisting of a POS device, wireless device, landline telephone, web browser and computer.

25. The method of claim 21, wherein the first password is a first personal identification number (PIN) and the second password is a second personal identification number (PIN).

26. The method of claim 21, further comprising providing instructions to debit an originator financial account and credit a target financial account.

27. The method of claim 26, wherein the originator financial account is selected from the group consisting of a bank account, a credit card account, a debit card account, electronic account and a prepaid card account.

28. The method of claim 26, wherein the target financial account is selected from the group consisting of a bank account, a credit card account, a debit card account, and a prepaid card account, merchant account, electronic account and settlement account.

29. The method of claim 26, wherein the debit and credit is cleared through an entity selected from a group consisting of an Electronic Funds Transfer network, a credit card network, and an Automated Clearing House network.

30. The method of claim 26, further comprising storing and linking the first password and the originator telephone number in a database.

31. The method of purchasing resources according to claim 21 wherein the originator initiates the said message via a mobile telephone.

32. The method of purchasing resources according to claim 21 wherein the originator initiates the said message via a computer.

33. A method comprising:

storing a phone number and an associated transaction alias and a payment amount in a database coupled to a Facilitator server;

receiving, at a Facilitator server, at least a phone number associated with a transaction;

receiving at the Facilitator server the transaction alias, comparing the transaction alias and the transaction phone number received to the transaction alias and phone number stored in the database; and

retrieving the target financial account information based on the transaction alias;

providing instructions to debit a financial account associated with the originator by the payment amount and credit a financial account associated with target.

34. The method of claim 33, wherein the originator financial account is selected from the group consisting of a bank account, a credit card account, a debit card account, electronic account and a prepaid card account.

35. The method of claim 33, wherein the target financial account information is selected from the group consisting of a bank account number and bank routing information, a credit card account information, a debit card account information, electronic account information and a prepaid card account information.

36. A method of conducting a financial transaction between an originator and a target, comprising:

linking and storing at least an originator telephone number and originator financial account information in a database;

receiving at the Facilitator server, a text message having at least telephone number associated with the originator;

retrieving the originator'"'"'s financial account information from the database based on the originator telephone number;

providing instructions to transfer a payment amount from an originator financial account to a target financial account by the Facilitator server.

37. The method of claim 36, wherein the originator financial account information is selected from the group consisting of a bank account number and bank routing information, a credit card account information, a debit card account information, electronic account information and a prepaid card account information.

38. The method of claim 36, wherein the originator financial account is selected from the group consisting of a bank account, merchant account, settlement account, a credit card account, a debit card account, electronic account and a prepaid card account.

39. The method of claim 38, wherein the target is selected from the group consisting of a merchant and a biller.

40. The method of claim 38, further comprising providing instructions to debit an originator financial account and credit a target financial account.

41. The method of claim 40, wherein the debit and credit is cleared through an entity selected from a group consisting of an Electronic Funds Transfer network, a credit card network, and an Automated Clearing House network.

42. The method of claim 40, wherein the originator financial account is selected from the group consisting of a bank account, a credit card account, a debit card account, electronic financial account and a prepaid card account.

43. The method of claim 40, wherein the originator financial account information is selected from the group consisting of a bank account number and bank routing information, merchant account information, settlement account information, a credit card account information, a debit card account information, and electronic financial account information a prepaid card account information.