Secure financial transaction processing using location information

• US 9,202,206 B2
• Filed: 05/26/2009
• Issued: 12/01/2015
• Est. Priority Date: 09/25/2000
• Status: Expired due to Fees

• Current Assignee: eCardless Bancorp Ltd.
• Original Assignee: eCardless Bancorp Ltd.
• Inventors: Gregory, Randy A., Sines, Randy D.
• Primary Examiner(s): Hayes, John
• Assistant Examiner(s): Winter, John M
• Application Number:
  US12/455,022
• Publication Number:
  US 20100100454A1
• Time in Patent Office: 2,380 Days
• Field of Search: 705/75
• US Class Current: 1/1
• CPC Class Codes: G01S 19/42 Determining position
• 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 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• 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 20/4015 using location information
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: H04L 63/08 for authentication of entities cryptographic mechanisms or cryptographic arrangements for entity authentication H04L9/32
• CPC Class Codes: H04W 4/023 using mutual or relative location information between multiple location based services [LBS] targets or of distance thresholds

Abstract

Methods for purchasing of goods or services over the internet. A customer has a customer account set up at a bank with associated account information. The account information includes verification information for verification parameters, such as authorized computer identification, authorized delivery addresses, authorized global positioning satellite or other secure location information, authorized user identification, authorized telephone caller identification, and/or other account information. An order is placed by a user via an ordering computer which provides order information. Such order information includes verification variables used by the bank. Verification and/or authentication using one or more variables of the customer account information is used by the bank to validate the order before assuring payment to the merchant.

Claims

1. A method for a financial provider to authenticate or verify a customer using a computer device in connection with a payment transaction between the customer and a merchant, comprising:

receiving, by at least one processor, computer identification information and a plurality of changeable authentication or changeable verification parameters from the customer computer device;

performing, by at least one processor, a first verification procedure using the plurality of changeable authentication or changeable verification parameters and the computer identification information from the customer computer device to determine that the customer is authorized to use the customer computer device;

linking, by at least one processor, the computer device with a first account based on the computer identification information from the customer computer device;

accessing, by at least one processor of the financial provider, a positioning location indicative of a physical location of the customer computer device for the purpose of conducting the payment transaction, wherein the positioning location includes position data obtained from a GPS sensor of the customer computer device;

performing, by at least one processor of the financial provider, a second verification procedure utilizing the positioning location from the customer computer device to verify that the customer computer device is at an authorized location;

determining, by at least one processor, that the customer is authorized to use the first account in the payment transaction based on the first and second verification procedures;

receiving, by at least one processor, computer identification information from a merchant computer device;

linking, by at least one processor, the merchant computer device with a second account based on the computer identification information from the merchant computer device;

receiving, by at least one processor, a payment transaction request;

generating, by at least one processor, a transaction identifier in response to the payment transaction request for said transaction based on the first and second verification procedures; and

assuring, by at least one processor, payment between the first account and the second account using said transaction identifier.

2. A method according to claim 1 wherein the first verification procedure uses telephone information as an authentication or verification parameter.

3. A method according to claim 1 wherein the second verification procedure uses a shipping address as an authorized location.

4. A method according to claim 1 wherein the second verification procedure uses a delivery address as an authorized location.

5. A method according to claim 1 wherein the positioning location is third-party originated information from a global positioning system.

6. A non-transitory computer readable medium for a financial provider to authenticate or verify a customer using a customer computer device in a transaction, the computer readable medium including instructions which, when implemented, perform steps comprising:

receiving, by at least one processor, computer identification information and a plurality of changeable authentification or changeable verification parameters from the customer computer device;

performing, by at least one processor, a first verification procedure using the plurality of changeable authentication or changeable verification parameters and the computer identification information from the customer computer device to determine that the customer is authorized to use the customer computer device;

linking, by at least one processor, the computer device with a first account based on the computer identification information from the customer computer device;

accessing, by at least one processor of the financial provider, a positioning location indicative of a physical location of the customer computer device for the purpose of conducting the payment transaction, wherein the positioning location includes position data obtained from a GPS sensor of the customer computer device;

performing, by at least one processor, a second verification procedure utilizing the positioning location from the customer computer device to verify that the customer computer device is at an authorized location;

determining, by at least one processor, that the customer is authorized to use the first account in the payment transaction based on the first and second verification procedures;

receiving, by at least one processor, computer identification information from a merchant computer device;

linking, by at least one processor, the merchant computer device with a second account based on the computer identification information from the merchant computer device;

receiving, by at least one processor, a payment transaction request;

generating, by at least one processor, a transaction identifier in response to the payment transaction request for said transaction based on the first and second verification procedures; and

assuring, by at least one processor, payment between the first account and the second account using said transaction identifier.

7. A computer readable medium according to claim 6 wherein the first verification procedure uses telephone information as an authentication or verification parameter.

8. A computer readable medium according to claim 6 wherein the second verification procedure uses a shipping address as an authorized location.

9. A computer readable medium according to claim 6 wherein the second verification procedure uses a delivery address as an authorized location.

10. A computer readable medium according to claim 6 wherein the positioning location is third-party originated information from a global positioning system.

11. A system for a financial provider to authenticate or verify a customer using a customer computer device in a transaction, the system comprising:

at least one processor;

memory coupled to the at least one processor and including instructions which, when implemented, perform steps comprising;

receiving, by at least one processor, computer identification information and a plurality of changeable authentication or changeable verification parameters from the customer computer device;

performing, by at least one processor, a first verification procedure using the plurality of changeable authentication or changeable verification parameters and the computer identification information from the customer computer device to determine that the customer is authorized to use the customer computer device;

linking, by at least one processor, the computer device with a first account based on the computer identification information from the customer computer device;

accessing, by at least one processor of the financial provider, a positioning location indicative of a physical location of the customer computer device for the purpose of conducting the payment transaction, wherein the positioning location includes position data obtained from a GPS sensor of the customer computer device;

performing, by at least one processor, a second verification procedure utilizing the positioning location from the customer computer device to verify that the customer computer device is at an authorized location;

determining, by at least one processor, that the customer computer device is authorized to use the first account in the payment transaction based on the first and second verification procedures;

receiving, by at least one processor, computer identification information from a merchant computer device;

linking, by at least one processor, the merchant computer device with a second account based on the computer identification information from the merchant computer device;

receiving, by at least one processor, a payment transaction request;

generating, by at least one processor, a transaction identifier in response to the payment transaction request for said transaction based on the first and second verification procedures; and

assuring, by at least one processor, payment between the first account and the second account using said transaction identifier.

12. A system according to claim 11 wherein the first verification procedure uses telephone information as an authentication or verification parameter.

13. A system according to claim 11 wherein the second verification procedure uses a shipping address as an authorized location.

14. A system according to claim 11 wherein the second verification procedure uses a delivery address as an authorized location.

15. A system according to claim 11 wherein the positioning location is third-party originated information from a global positioning system.