Secure purchase transaction method using telephone number

• US 6,088,683 A
• Filed: 08/21/1996
• Issued: 07/11/2000
• Est. Priority Date: 08/21/1996
• Status: Expired due to Term

• Current Assignee: OL Security LLC (Intellectual Ventures LLC)
• Original Assignee: Reza Jalili
• Inventors: Jalili, Reza
• Primary Examiner(s): Stamber, Eric W.
• Assistant Examiner(s): Patel, Jagdish
• Application Number:
  US08/700,861
• Time in Patent Office: 1,420 Days
• Field of Search: 705/26, 705/39, 705/44, 705/24, 705/27, 705/37, 380/24
• US Class Current: 705/26.8
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/209 Specified transaction journal output feature, e.g. printed receipt or voice output
• 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 20/425 using two different networks, one for transaction and one for security confirmation
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0633 Lists, e.g. purchase orders, compilation or processing
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A method of completing a purchase utilizing a first network and a second network, the method being applicable for example to a case in which the second network (which may be the public telephone system) is considered by knowledgeable people to be more secure than the first network (which may be the Internet). The method comprises the steps of (a) registering over the second network a customer'"'"'s financial information in a central processing center; (b) ordering over the first network a good or service that the customer desires to purchase from a merchant; (c) supplying identifying information to the merchant pertaining to the customer; (d) supplying information from the merchant to the processing center pertaining to the purchase; (e) establishing a contact between the customer and the processing center in which the customer is identified to the processing center and the customer expresses intent to complete the purchase; and (f) debiting an account of the customer and crediting an account of the merchant in order to complete the purchase.

Claims

1. A method of completing a purchase utilizing a first electronic network and a second electronic network;

comprising the steps of;

(a) registering over the second electronic network a customer'"'"'s financial information in a central processing center;

(b) ordering over the first electronic network a good or service that the customer desires to purchase from a merchant;

(c) supplying identifying information to the merchant pertaining to the customer;

(d) supplying information from the merchant to the processing center pertaining to the purchase;

(e) establishing, over the second electronic network a contact between the customer and the processing center in which the customer is identified to the processing center and the customer is enabled to express intent to complete the purchase; and

(f) debiting an account of the customer and crediting an account of the merchant using electronic means in order to complete the purchase.

2. A method as in claim 1, further comprising the step of the processing center verifying the source of the customer'"'"'s financial information.

3. A method as in claim 2, wherein the second network is the public telephone system, said identifying information of step (c) includes a telephone number, and the verifying step is carried out using the CallerID system.

4. A method as in claim 3, wherein the financial information registered in the processing center includes an alternate telephone number and the verifying step is carried out by telephoning the alternate telephone number.

5. A method as in claim 3, wherein said information supplied in step (d) includes an invoice, and said identifying information pertaining to the customer in step (c) includes a predetermined invoice lifetime selected by the customer.

6. A method as in claim 5, wherein said information supplied in step (d) includes an invoice, and said information pertaining to the purchase in step (d) includes a predetermined invoice lifetime selected by the merchant.

7. A method as in claim 3, wherein said information supplied in step (d) includes an invoice, and said information pertaining to the purchase in step (d) includes a predetermined invoice lifetime selected by the merchant.

8. A method as in claim 3, wherein said step (e) is carried out over the second network and the customer is identified to the processing center using the CallerID system.

9. A method as in claim 3, further comprising the step of confirming to the customer and to the merchant over the first network that the purchase has been completed.

10. A method as in claim 3, wherein said step (e) further comprises the step of the processing center displaying a plurality of orders that the customer has made and permitting the customer to select from among those orders.

11. A method as in claim 3, wherein said step (f) includes the steps of the processing center supplying the customer'"'"'s financial information over the second electronic network, and the merchant completing the purchase by electronically debiting an account of the customer and crediting an account of the merchant.

12. A method as in claim 3, further comprising the step of the processing center confirming to the customer using said first electronic network that the financial information has been supplied to the merchant.

13. A method as in claim 3, wherein said step (f) includes the step of the processing center completing the purchase electronically debiting an account of the customer and crediting an account of the merchant.

14. A method as in claim 3, wherein said step (e) is initiated by the customer.

15. A method as in claim 3, wherein said step (e) is initiated by the processing center.

16. A method of operation of a processing center for carrying out an electronic financial transaction utilizing a first electronic network and a second electronic network, comprising the steps of:

receiving a customer'"'"'s financial information in said processing center using the second electronic network;

verifying the source of the customer'"'"'s financial information;

receiving information in said processing center pertaining to a good or service selected over the first electronic network that the customer desires to purchase from a merchant; and

establishing contact between the customer and the processing center by a telephone number in which the customer is identified to the processing center and the customer is enabled to express intent to complete the purchase.

17. A method as in claim 16, wherein the second network is the public telephone system and the identifying step is carried out using the CallerID system.

18. A method as in claim 17, wherein the financial information registered in the processing center includes an alternate telephone number and the verifying step is carried out by telephoning the alternate telephone number.

19. A method as in claim 17, wherein contact is established over the second network and the customer is identified to the processing center using the CallerID system.

20. A method as in claim 17, wherein establishing contact further comprises the step of the processing center displaying a plurality of orders that the customer has made and permitting the customer to select from among those orders by electronic means.