ELECTRONIC PAYMENT AND AUTHENTICATION SYSTEM WITH DEBIT AND IDENTIFICATION DATA VERIFICATION AND ELECTRONIC CHECK CAPABILITIES

• US 20130173463A1
• Filed: 02/25/2013
• Published: 07/04/2013
• Est. Priority Date: 02/23/2001
• Status: Active Grant

• Current Assignee: Fidelity Information Services, LLC (Fidelity National Information Services Incorporated)
• Original Assignee: Efunds Corporation (Fidelity National Information Services Incorporated)
• Inventors: Stewart, Whitney Hilton, Petersen, Matthew Lacey, Gallmeier, Brian John, Crews, Teresa Marie, Nipe, Mark Andrew, Haire, James Michael, Hill, Robert Lawrence, Bates, Michael Richard
• Granted Patent: US 10,318,934 B2
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/0425 the cheque being electronic only
• CPC Class Codes: G06Q 20/085 involving remote charge determination or related payment systems
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• 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 30/04 Billing or invoicing
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

An electronic payment and authentication system that includes features to verify the authenticity of a payer, validate debit data, and facilitate debit (as opposed to credit) payment transactions. The electronic payment system allows a consumer to purchase items and services via a network while utilizing a debit transaction. The invention provides merchants with the ability to verify the identity of the consumer, determine if the consumer is a good debit transaction risk, and retrieve debit data associated with a particular consumer.

Claims

1-76. -76. (canceled)

77. A method, implemented by at least one processor, comprising:

receiving, via the at least one processor, check data entered by a consumer representative of a paper check;

receiving, via the at least one processor, transactional debit data entered by a merchant, from a merchant computer;

receiving, via the at least one processor, transactional debit data entered by the consumer, from the merchant computer;

processing, via the at least one processor, the consumer-entered transactional debit data and the merchant-entered transactional debit data;

generating, via the at least one processor, a response indicative of acceptance or a declination of the electronic check payment.