Self-authenticating peer to peer transaction
First Claim
Patent Images
1. A computer-implemented method for a peer to peer transaction between an initiator and a recipient, comprising:
- receiving, at a server device from an initiator mobile device, a first message having transaction information and recipient information, wherein the recipient information identifies the recipient;
identifying, from caller identification information associated with the initiator mobile device, an initiator account, wherein an account number of the initiator account corresponds to a mobile telephone number of the initiator mobile device;
sending, by the server device to the initiator mobile device, a first validation code and instructions for sending the first validation code to the recipient;
before the step of sending the first validation code;
sending, from the server device, a second message to the initiator mobile device, wherein the second message includes a prompt for verification information, and wherein the first and second messages are separate and distinct communications;
receiving, at the server device from the initiator mobile device, the verification information; and
confirming accuracy of the verification information;
receiving, at the server device from the recipient via a recipient device and a private communication channel, the first validation code;
validating, by the server device, the first validation code; and
after the validating step, processing, by the server device, the transaction between the initiator and the recipient.
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Accused Products
Abstract
A system and method of transaction processing is provided. The system includes a central server, which, after receiving transaction and recipient information from an initiator, sends a verification code to the initiator. The server also sends instructions for the initiator to send the code to a recipient via an outside communication channel. The server receives the verification code from the recipient, and verifies the transaction. In this manner, security may be maintained.
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Citations
20 Claims
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1. A computer-implemented method for a peer to peer transaction between an initiator and a recipient, comprising:
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receiving, at a server device from an initiator mobile device, a first message having transaction information and recipient information, wherein the recipient information identifies the recipient; identifying, from caller identification information associated with the initiator mobile device, an initiator account, wherein an account number of the initiator account corresponds to a mobile telephone number of the initiator mobile device; sending, by the server device to the initiator mobile device, a first validation code and instructions for sending the first validation code to the recipient; before the step of sending the first validation code; sending, from the server device, a second message to the initiator mobile device, wherein the second message includes a prompt for verification information, and wherein the first and second messages are separate and distinct communications; receiving, at the server device from the initiator mobile device, the verification information; and confirming accuracy of the verification information; receiving, at the server device from the recipient via a recipient device and a private communication channel, the first validation code; validating, by the server device, the first validation code; and after the validating step, processing, by the server device, the transaction between the initiator and the recipient. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. A non-transitory machine-readable medium including instructions executable by the machine for performing a peer-to-peer transaction between an initiator and a recipient, the instructions causing the machine to:
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accept receipt, from an initiator mobile device, of a first message having transaction information and recipient information, wherein the recipient information identifies the recipient; identify, from caller identification information associated with the initiator mobile device, an initiator account, wherein an account number of the initiator account corresponds to a mobile telephone number of the initiator mobile device; send to the initiator mobile device a first validation code and instructions for sending the first validation code to the recipient; before sending to the initiator mobile device the first validation code; send to the initiator mobile device a second message having a prompt for verification information, wherein the second message includes a prompt for verification information, and wherein the first and second messages are separate and distinct communications; accept receipt from the initiator mobile device of the verification information; and confirm accuracy of the verification information; accept receipt, from the recipient via a recipient device and a private communication channel, the first validation code; validate the first validation code; and after the validate step, process the transaction between the initiator and the recipient. - View Dependent Claims (19, 20)
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Specification