Systems and methods for facilitating secure transactions

• US 8,762,284 B2
• Filed: 12/16/2010
• Issued: 06/24/2014
• Est. Priority Date: 12/16/2010
• Status: Active Grant

• Current Assignee: Princeton Scitech, LLC
• Original Assignee: Democracyontheweb LLC
• Inventors: Garfinkle, Norton, Garfinkle, Richard
• Primary Examiner(s): KIM, STEVEN S
• Application Number:
  US12/970,414
• Publication Number:
  US 20120158593A1
• Time in Patent Office: 1,286 Days
• Field of Search: 705 64-670
• US Class Current: 705/74
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/3823 combining multiple encryption tools for a transaction
• CPC Class Codes: G06Q 20/383 Anonymous user system
• 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 2220/00 Business processing using cryptography
• CPC Class Codes: H04L 9/50 using hash chains, e.g. blockchains or hash trees

Abstract

Various embodiments are directed to methods for generating proxy account data for a financial account and authorizing payment from an account of a customer based on proxy account data. Example methods may comprise selecting a serial number for a first customer and storing an association between the serial number and an account of the first customer. The methods may further comprise encrypting the serial number and consolidating the encrypted serial number with checkable data. An association between the encrypted serial number and the checkable data may be stored and the consolidated encrypted serial number and checkable data may be encrypted to generate proxy account data.

Claims

1. A computer-implemented method for generating proxy account data for a financial account, the method comprising:

for a first customer, selecting a serial number by a first computer system, wherein the first computer system comprises at least one processor and operatively associated memory;

storing, by the first computer system, an association between the serial number and an account of the first customer;

encrypting, by the first computer system, the serial number;

transmitting, by the first computer system, the encrypted serial number to a second computer system;

consolidating, by the second computer system, the encrypted serial number with a checkable data;

storing, by the second computer system, an association between the encrypted serial number and the checkable data;

generating, by the second computer system, a first proxy account data, wherein the generating comprises encrypting the consolidated encrypted serial number and checkable data;

after the encrypting of the consolidated encrypted serial number and checkable data, transmitting the first proxy account data by the second computer system to the first customer;

receiving by the second computer system, a second proxy account data;

retrieving, by the second computer system, an encrypted serial number and a checkable data from the second proxy account data by decrypting the second proxy account data;

verifying, by the second computer system, the checkable data of the second proxy account data by using the stored association between the checkable data and the encrypted serial number;

transmitting, by the second computer system, the encrypted serial number of the second proxy account data to the first computer system based on the verification of the checkable data of the second proxy account data;

decrypting, by the first computer system, the encrypted serial number of the second proxy account data;

verifying, by the first computer system, the decrypted serial number of the second proxy account data based on the stored association between the serial number and the account of the first customer; and

authorizing, by the first computer system, a payment from the account of the first customer to a vendor based on the verification of the decrypted serial number of the second proxy account data.

2. The method of claim 1, wherein the first computer system and the second computer system are at different physical locations.

3. The method of claim 1, wherein the first computer system and the second computer system comprise at least one characteristic selected from the group consisting of at least one processor in common and at least one memory in common.

4. The method of claim 1, wherein the first computer system and the second computer system are separated by at least one firewall.

5. The method of claim 1, wherein the transmitting the first proxy account data by the second computer system to the first customer comprises at least one action selected from the group consisting of:

displaying the first proxy account data on a screen to be viewed by the first customer;

mailing a printed copy of the first proxy account data to the first customer; and

e-mailing the first proxy account data to the first customer.

6. The method of claim 1, wherein the transmitting the first proxy account data by the second computer system to the first customer comprises transmitting the first proxy account data to a mobile device associated with the first customer.

7. The method of claim 6, wherein the mobile device is programmed to communicate the first proxy account data to a vendor using at least one action selected from the group consisting of:

wirelessly transmitting the first proxy account data to the vendor; and

generating an image of the first proxy account data readable by the vendor.

8. The method of claim 1, wherein the first proxy account data is in a form selected from the group consisting of an alphanumeric form and a symbolic form.

9. The method of claim 1, wherein encrypting the serial number comprises utilizing an encryption method selected from the group consisting of a symmetric encryption method and an asymmetric encryption method.

10. The method of claim 1, wherein the checkable data comprises an indication of the account.

11. The method of claim 1, wherein the checkable data comprises an indication of a timestamp.

12. The method of claim 1, further comprising associating at least one use restriction with the serial number.

13. The method of claim 1, wherein the use restriction is selected from the group consisting of:

at least one vendor where the proxy account data can be used, at least one vendor where the proxy account data can not be used;

a time limitation on when the proxy account data can be used; and

a number of times that the proxy account data can be used.

14. The method of claim 1, further comprising associating with the first proxy account data a maximum number of times that the first proxy account data is usable for purchases.

15. The method of claim 14, wherein the associating comprises associating the maximum number of times that the first proxy account data is usable for purchases with the serial number.

16. The method of claim 14, wherein the associating comprises associating the maximum number of times that the first proxy account data is usable for purchases with the encrypted serial number.

17. The method of claim 14, wherein the associating comprises associating the maximum number of times that the first proxy account data is usable for purchases with the checkable data.

18. The method of claim 1, wherein the generating the first proxy account data for the financial account is performed by the first and second computer systems in response to a request for the proxy account data from the first customer.

19. The method of claim 1, wherein the generating the first proxy account data for the financial account is performed by the first and second computer systems automatically.

20. A system for generating proxy account data for a financial account, the system comprising:

a first computer system comprising at least one processor and operatively associated memory, the memory comprising instructions thereon that when executed by the at least one processor cause the first system to execute a method comprising;

for a first customer, selecting a serial number;

storing an association between the serial number and an account of the first customer;

encrypting the serial number;

transmitting the encrypted serial number to a second computer system;

receiving from the second computer system, an encrypted serial number of a second proxy account data;

decrypting the encrypted serial number of the second proxy account data;

verifying the decrypted serial number of the second proxy account data based on the stored association between the serial number and the account of the first customer; and

authorizing a payment from the account of the first customer to a vendor based on the verification of the decrypted serial number of the second proxy account data; and

the second computer system comprising at least one processor and operatively associated memory, the memory comprising instructions thereon that when executed by the at least one processor cause the second system to execute a method comprising;

receiving the encrypted serial number from the first computer system;

consolidating the encrypted serial number with checkable data;

storing an association between the encrypted serial number and the checkable data;

generating a first proxy account data, wherein the generating comprises encrypting the consolidated encrypted serial number and checkable data;

after the encrypting of the consolidated encrypted serial number and checkable data, transmitting the first proxy account data to the first customer receiving a second proxy account data;

retrieving an encrypted serial number and a checkable data from the second proxy account data by decrypting the second proxy account data;

verifying the checkable data of the second proxy account data by using the stored association between the checkable data and the encrypted serial number.

21. The system of claim 20, wherein the first computer system and the second computer system are at different physical locations.

22. The system of claim 20, wherein the first computer system and the second computer system comprise at least one characteristic selected from the group consisting of at least one processor in common and at least one memory in common.

23. The system of claim 20, wherein the first computer system and the second computer system are separated by at least one firewall.

24. A non-transitory computer readable medium comprising instructions thereon that, when executed by at least one processor, cause the at least one processor to execute a method comprising:

for a first customer, selecting a serial number by a first computer system;

storing, by the first computer system, an association between the serial number and an account of the first customer;

encrypting the serial number, by the first computer system;

transmitting, by the first computer system, the encrypted serial number to a second computer system;

consolidating, by the second computer system, the encrypted serial number with a checkable data;

storing, by the second computer system, an association between the encrypted serial number and the checkable data;

generating, by the second computer system, a first proxy account data, wherein the generating comprises encrypting the consolidated encrypted serial number and checkable data;

after the encrypting of the consolidated encrypted serial number and checkable data, transmitting the first proxy account data by the second computer system to the first customer;

receiving, by the second computer system, a second proxy account data;

retrieving, by the second computer system, an encrypted serial number and a checkable data from the second proxy account data by decrypting the second proxy account data;

verifying, by the second computer system, the checkable data of the second proxy account data by using the stored association between the checkable data and the encrypted serial number;

transmitting, by the second computer system, the encrypted serial number of the second proxy account data to the first computer system based on the verification of the checkable data of the second proxy account data;

decrypting, by the first computer system, the encrypted serial number of the second proxy account data;

verifying, by the first computer system, the decrypted serial number of the second proxy account data based on the stored association between the serial number and the account of the first customer; and

authorizing, by the first computer system, a payment from the account of the first customer to a vendor based on the verification of the decrypted serial number of the second proxy account data.