System for providing cardless payment

• US 7,783,578 B2
• Filed: 01/25/2006
• Issued: 08/24/2010
• Est. Priority Date: 09/21/2001
• Status: Expired due to Fees

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Mann, William Frederick III, Hirka, Jeffrey L.
• Primary Examiner(s): Agwumezie; Charles C
• Application Number:
  US11/338,656
• Publication Number:
  US 20060122943A1
• Time in Patent Office: 1,672 Days
• Field of Search: 705/64, 705/65, 705/72, 705/75
• US Class Current: 705/64
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/347 Passive cards
• CPC Class Codes: G06Q 20/367 involving electronic purses or money safes
• CPC Class Codes: G06Q 20/3672 initialising or reloading thereof
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/383 Anonymous user system
• 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 20/4012 Verifying personal identification numbers [PIN]
• CPC Class Codes: G06Q 20/4014 Identity check for transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G07F 7/10 together with a coded signal , e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data
• CPC Class Codes: G07F 7/1075 PIN is checked remotely

Abstract

The method and system of the invention provide a variety of techniques for using a selected alias and a selected personal identification entry (PIE) in conjunction with use of a transaction card, such as a credit card, debit card or stored value card, for example. A suitable number or other identification parameter is selected by the account-holder as an alias. The account-holder is then required to choose a PIE for security purposes. The alias is linked to the account-holder'"'"'s credit card number via a database. When the account-holder enters into a transaction with a merchant, the physical card need not be present. The account-holder simply provides his or her alias and then the PIE. This can be done at any point of sale such as a store, catalog telephone order, or over the Internet. The alias and PIE are entered and authorization is returned from the credit card company.

Claims

1. A method for facilitating a request for financial services, said method including:

receiving by a remote terminal a transaction request information from a cardholder, wherein said request includes an entered personal identification entry associated with a financial service, wherein the entered personal identification entry includes a static portion and a dynamic portion, the static portion and the dynamic portion are both with respect to the cardholder;

using an account controller operating portion executed by a computer processor, searching at least one database to identify an account of the cardholder associated with the entered personal identification entry, including the static portion and the dynamic portion, and processing said transaction request information to determine a desired financial service; and

activating the desired financial service.

2. The method of claim 1, wherein the transaction request information further comprises a cardholder alias number associated with an account having more than one transaction account;

and

the method further includes the step of processing said cardholder alias number and said entered personal identification entry to determine which transaction account is associated therewith.

3. The method of claim 2 wherein said step of processing said transaction request information to determine a desired financial service includes a financial service which activates a limitation on a transaction account.

4. The method of claim 2 wherein said step of processing said transaction request information to determine a desired financial service includes a financial service which activates a limitation on a transaction account, wherein said limitation includes at least one of:

selecting a particular account for any portion of the transaction, dividing the payment among various accounts, PIN expiration, payment instructions, notification instructions, security notifications, specific merchant rules, merchant category rules, geographic rules, expenditure rules or limits, time or transaction limitations, authorized transactions, authorized goods or services, authorized vendors, stores, and service providers, transaction amount limitation, daily spending limit, authorized geographical area of usage, authorized time of usage, authorized transaction limit for a transaction account, transaction card or automated teller machine account, authorized individual for transacting on a transaction account, one or more banks or financial institutions authorized for the transaction, a limitation of a fee charge on a transaction account, authorized transaction location, and authorized number of transactions.

5. The method of claim 2 wherein said step of processing said transaction request information to determine a desired financial service further includes supplementing pre-existing limitations on a transaction account with the desired financial service.

6. The method of claim 1 wherein said step of receiving transaction request information from a cardholder via a remote terminal, wherein said request further includes said entered personal identification entry including at least one of a cardholder identification, a biometric, and a merchant code.

7. The method of claim 3, the limitation on a transaction account is to deactivate a transaction account of the account for a predetermined time.

8. The method of claim 1, wherein the dynamic portion of the entered personal identification entry is generated based, at least in part, on at least one selected from the group consisting of a time of day, a month, and a geographic area associated with the cardholder.

9. The method of claim 1, wherein the remote terminal is one of a computer, a POS terminal, a Kiosk, a cell phone, and a pocket PC.

10. The method of claim 1, wherein the remote terminal is a wireless device.

11. The method of claim 1, wherein the remote terminal is a wired device.

12. A method for processing a request for financial services to effect a transaction, said method including:

receiving by a remote terminal a transaction request information from a cardholder, wherein said request includes an entered personal identification entry associated with a financial service, wherein the entered personal identification entry, of the cardholder, includes a static portion, the static portion being associated with a dynamic portion;

using an account controller operating portion executed by a computer processor, searching at least one database to identify an account of the cardholder associated with the entered personal identification entry, including the static portion and the dynamic portion, and processing said transaction request information to determine a desired financial service; and

activating the desired financial service.

13. The method of claim 12 wherein the transaction request information further comprises a cardholder alias number associated with an account having more than one transaction account;

and

the method further includes the step of processing said cardholder alias number and said entered personal identification entry to determine which transaction account is accessed for the desired financial service.

14. The method of claim 12 wherein said step of processing said transaction request information to determine a desired financial service includes a financial service which activates a limitation on a transaction account.

15. The method of claim 12 wherein said step of processing said transaction request information to determine a desired financial service includes a financial service which activates a limitation on a transaction account, wherein said limitation includes at least one of:

selecting a particular account for any portion of the transaction, dividing the payment among various accounts, PIN expiration, payment instructions, notification instructions, security notifications, specific merchant rules, specific situation rules, geographic rules, expenditure rules or limits, time or transaction limitations, authorized transactions, authorized goods or services, authorized vendors, stores, and service providers, transaction amount limitation, daily spending limit, authorized geographical area of usage, authorized time of usage, authorized transaction limit for a transaction account, transaction card or automated teller machine account, authorized individual for transacting on a transaction account, one or more banks or financial institutions authorized for the transaction, a limitation of a fee charge on a transaction account, authorized transaction location, and authorized number of transactions.

16. The method of claim 12 wherein said step of processing said transaction request information to determine a desired financial service further includes supplementing pre-existing limitations on a transaction account with the desired financial service.

17. The method of claim 12 wherein said step of receiving transaction request information from a cardholder via a remote terminal, wherein said request includes an entered personal identification entry associated with a financial service further includes said entered personal identification entry including at least one of a cardholder identification, a biometric, and a merchant code.

18. The method of claim 12, wherein the entered personal identification entry is one of a plurality of possible personal identification entries associated with the cardholder, a desired account to effect the transaction is determined based on a hierarchical ranking of an order in which a plurality of transaction accounts are used to effect the transaction.

19. The method of claim 12, wherein the dynamic portion of the entered personal identification entry is generated based, at least in part, on at least one selected from the group consisting of a time of day, a month, and a geographic area associated with the cardholder.

20. The method of claim 12, wherein the remote terminal is one of a computer, a POS terminal, a Kiosk, a cell phone, and a pocket PC.

21. The method of claim 12, wherein the remote terminal is a wireless device.

22. The method of claim 12, wherein the remote terminal is a wired device.

23. A system for facilitating a request for financial services, comprising:

a remote terminal that receives transaction request information from a cardholder, wherein said transaction request includes an entered personal identification entry associated with a financial service, wherein the entered personal identification entry includes a static portion and a dynamic portion, the static portion and the dynamic portion are both with respect to the cardholder;

at least one database for storing a plurality of personal identification entries, each personal identification entry associated with a financial service and an account;

a computer processor in communication with the remote terminal;

at least one computer processor; and

a computer-readable storage medium comprising executable instructions, which, when executed by the at least one computer processor, causes the compute processor to perform the steps of;

searching the at least one database to identify an account of the cardholder associated with the entered personal identification entry, including the static portion and the dynamic portion, and processing said transaction request information and entered personal identification entry, including the static portion and the dynamic portion, to determine a desired financial service, and

activating the desired financial service.

24. The system of claim 23, wherein the remote terminal is one of a computer, a POS terminal, a Kiosk, a cell phone, and a pocket PC.

25. The system of claim 23, wherein the remote terminal is a wireless device.

26. The system of claim 23, wherein the remote terminal is a wired device.

27. A method for facilitating a request for financial services, said method including:

receiving by a remote terminal a transaction request information from a cardholder, wherein said request includes an entered personal identification entry associated with a financial service and a cardholder alias number associated with an account having more than one transaction account, wherein the entered personal identification entry includes a static portion and a dynamic portion, the static portion and the dynamic portion are both with respect to the cardholder;

using an account controller operating portion executed by a computer processor, searching at least one database to identify an account of the cardholder associated with the entered personal identification entry, including the static portion and the dynamic portion, processing said transaction request information and entered personal identification entry, including the static portion and the dynamic portion, to determine a desired financial service, and processing said cardholder alias number and said entered personal identification entry to determine which transaction account is associated therewith; and

activating the desired financial service;

wherein the step of processing said transaction request information to determine a desired financial service includes a financial service which activates a limitation on a transaction account, wherein said limitation includes at least one of;

selecting a particular account for any portion of the transaction, dividing the payment among various accounts, PIN expiration, payment instructions, notification instructions, security notifications, specific merchant rules, merchant category rules, geographic rules, expenditure rules or limits, time or transaction limitations, authorized transactions, authorized goods or services, authorized vendors, stores, and service providers, transaction amount limitation, daily spending limit, authorized geographical area of usage, authorized time of usage, authorized transaction limit for a transaction account, transaction card or automated teller machine account, authorized individual for transacting on a transaction account, one or more banks or financial institutions authorized for the transaction, a limitation of a fee charge on a transaction account, authorized transaction location, authorized number of transactions; and

supplementing pre-existing limitations on a transaction account with the desired financial service; and

wherein said request further includes said entered personal identification entry including at least one of a cardholder identification, a biometric, and a merchant code.

28. The method of claim 27, wherein the remote terminal is one of a computer, a POS terminal, a Kiosk, a cell phone, and a pocket PC.

29. The method of claim 27, wherein the remote terminal is a wireless device.

30. The method of claim 27, wherein the remote terminal is a wired device.