System and method for facilitating account-based transactions

• US 9,001,982 B2
• Filed: 03/03/2014
• Issued: 04/07/2015
• Est. Priority Date: 03/06/1998
• Status: Expired due to Fees

• Current Assignee: Inventor Holdings LLC (Walker Innovation Inc. (f/k/a Patent Properties, Inc.))
• Original Assignee: Inventor Holdings LLC (Walker Innovation Inc. (f/k/a Patent Properties, Inc.))
• Inventors: Walker, Jay S., Tedesco, Daniel E., Van Luchene, Andrew S., Jorasch, James A.
• Primary Examiner(s): El-Zoobi, Maria
• Application Number:
  US14/195,841
• Publication Number:
  US 20140180927A1
• Time in Patent Office: 400 Days
• Field of Search: 379/114.03, 379/114.1, 37911405-12705, 379/100.3, 379/93.02, 379/39.12, 379/91.01, 379/265.01, 379/91.02, 379/93.04, 379/93.12
• US Class Current: 379/91.01
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/16 Payments settled via telecommunication systems
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 20/409 Device specific authentication in transaction processing
• CPC Class Codes: G06Q 20/425 using two different networks, one for transaction and one for security confirmation
• CPC Class Codes: G06Q 30/0284 Time or distance, e.g. usage of parking meters or taximeters
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02
• CPC Class Codes: H04L 67/14 Session management for real-time applications in data packet communications networks H04L65/1066
• CPC Class Codes: H04L 69/329 in the application layer [OSI layer 7]
• CPC Class Codes: H04L 9/40 Network security protocols

Abstract

Systems, methods and apparatus are presented for facilitating account-based transactions. In an embodiment, the method includes associating a first person with an account, associating a second person with the account, receiving a request from a third party to authorize a transaction between the second person and the third party, determining a first communication address of the first party, and contacting the first party. The process also includes determining that the first person desires to communicate with the second person, determining a second communication address of the second person, initiating a communication between the first person and the second person, and receiving a signal from the first person that authorizes the transaction or declines the transaction.

Claims

1. A method comprising:

receiving, by a server in communication via a telecommunication network with at least one merchant, a request to authorize a transaction between a second person and a third party;

determining, by the server, a first communication address of a first person associated with the second party and with an account;

facilitating, via the server, contact with the first person via the first communication address;

determining, by the server, a second communication address of the second person;

initiating, by the server, a communication between the first person and the second person; and

receiving, by the server, a signal indicating that the first person authorizes the transaction.

2. The method of claim 1, further comprising transmitting the signal to the third party.

3. The method of claim 1,

wherein the account comprises a credit card account;

and

further comprising;

transmitting the signal to a card authorization terminal.

4. The method of claim 1, wherein the first person is a controlling individual associated with the account.

5. The method of claim 1, further comprising:

determining a monetary amount based on the communication; and

charging the monetary amount to the account.

6. The method of claim 1, wherein initiating the communication between the first person and the second person comprises:

enabling communication between the first person and the second person via a device, the device comprising at least one of a telephone, a cell phone, a radio device, a personal digital assistant, and a computer.

7. The method of claim 1, wherein initiating the communication between the first person and the second person comprises:

enabling text-based communication between the first person and the second person.

8. The method of claim 1, wherein initiating the communication between the first person and the second person comprises:

enabling audio communication between the first person and the second person.

9. The method of claim 1, wherein initiating the communication between the first person and the second person comprises:

enabling video communication between the first person and the second person.

10. An apparatus, comprising:

a processor; and

a memory storing instructions configured to direct the processor to;

receive a request to authorize a transaction between a second person and a third party;

determine a first communication address of a first person associated with the second party and with an account;

facilitate communication with the first person via the first communication address;

determine a second communication address of the second person;

initiate a communication between the first person and the second person; and

receive a signal indicating that the first person authorizes the transaction or declines the transaction.