Privacy protected anti identity theft and payment network

• US 9,886,693 B2
• Filed: 12/15/2009
• Issued: 02/06/2018
• Est. Priority Date: 03/30/2009
• Status: Active Grant

• Current Assignee: Apex Techlink Incorporated
• Original Assignee: Yuh-Shen Song
• Inventors: Song, Yuh-shen, Lew, Catherine, Song, Alexander, Song, Victoria
• Primary Examiner(s): Rosen, Nicholas D
• Application Number:
  US12/638,886
• Publication Number:
  US 20100250364A1
• Time in Patent Office: 2,975 Days
• Field of Search: 705 64, 726 26
• CPC Class Codes: G06F 21/33 using certificates
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/32 using wireless devices
• CPC Class Codes: G06Q 20/38 Payment protocols; Details thereof
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• 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 20/401 Transaction verification
• CPC Class Codes: G06Q 20/4012 Verifying personal identification numbers [PIN]
• CPC Class Codes: G06Q 20/4014 Identity check for transactions
• CPC Class Codes: G06Q 20/40145 Biometric identity checks
• CPC Class Codes: G06Q 20/4016 involving fraud or risk level assessment in transaction processing
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/0248 Avoiding fraud
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: G06Q 50/265 Personal security, identity or safety
• CPC Class Codes: H04L 63/101 Access control lists [ACL]
• CPC Class Codes: H04L 63/102 : Entity profiles

Abstract

A computerized and networked system protects individuals against identity theft without the need to disclose the detailed personal information of the individuals. Furthermore, the system helps prevent loss and damage to consumers, financial institutions and merchants caused by financial crimes related to identity theft. In addition, users can conduct payments in a secure manner without the need to use any traditional financial instrument. A pass code can be generated for each transaction and sent to a user'"'"'s personal communications device. When the correct pass code is received from the user, the transaction is then authorized.

Claims

1. A method for preventing identity theft, comprising:

storing, at a first computer system, a first set of customer-specific information obtained from a data source comprising customer-specific information, the first set of customer-specific information being insufficient to determine an identity of a customer;

receiving, from a second computer system associated with a merchant, a second set of customer-specific information obtained via a device configured to obtain embedded data from the data source;

comparing, by the first computer system, the second set of customer-specific information with the first set of customer-specific information to verify the identity of the customer, by;

transmitting, from the first computer system to a customer'"'"'s mobile device, a bar code to be displayed on a display of the customer'"'"'s mobile device, when the first set of customer-specific information matches the second set of customer-specific information, the bar code associated with a first pass code;

receiving, from the second computer system, a second pass code based on the second computer system reading the bar code from the display of the customer'"'"'s mobile device; and

comparing, at the first computer system, the second pass code to the first pass code; and

determining whether a transaction should proceed when the identity is verified based on a match between the first pass code and the second pass code.

2. The method of claim 1, in which the data source is at least one of a credit card, a debit card, an ATM card, a gift card, a pre-paid card, a stored-value card, a check, a monetary instrument, a financial account instrument, a brokerage account instrument, an insurance account instrument, a benefits account instrument, a mobile account instrument, or a combination thereof.

3. The method of claim 1, in which the data source is at least one of a driver'"'"'s license, a passport, a government-issued identification document, an alien identification card, a student identification card, a social security card, a tax identification card, a national identification card, a voter identification card, a benefits card, an official identification document, or a combination thereof.

4. The method of claim 1, in which the first computer system is at least one of a computer system, personal communications device, terminal, device interface, or a combination thereof.

5. The method of claim 1, in which the second computer system is at least one of a computer system, personal communications device, terminal, device interface, or a combination thereof.