Method and system for processing recurrent consumer transactions
First Claim
1. A method for securely processing recurrent consumer transactions comprising:
- providing merchant-specific proxy financial account information to a user, the proxy financial account information valid for multiple transactions at a single merchant only;
maintaining with a computer a database of the merchant-specific proxy financial account information;
receiving at the computer a request for transaction approval from a merchant, the request including a merchant identifier and a user'"'"'s proxy financial account information; and
querying the database with the computer to determine if the proxy financial account information is valid for the merchant seeking transaction approval.
1 Assignment
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Accused Products
Abstract
In a communications network-based system, a method for securely processing recurrent consumer transactions. Merchant-specific proxy financial account information is provided to a user and maintained in a database, the proxy financial account information valid for transactions at a single merchant only. A request for transaction approval is received from a merchant, the request including a merchant identifier and a user'"'"'s proxy financial account information. The database is queried to determine if the proxy financial account is valid for the merchant seeking transaction approval. The proxy financial account information may include a credit card account number and/or a proxy billing address linked to a financial account. A merchant identifier string, identifying the authorized merchant, may be encoded in the credit card number and/or proxy billing address. A communications network-based system and software program for implementing the present invention are also disclosed.
333 Citations
35 Claims
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1. A method for securely processing recurrent consumer transactions comprising:
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providing merchant-specific proxy financial account information to a user, the proxy financial account information valid for multiple transactions at a single merchant only; maintaining with a computer a database of the merchant-specific proxy financial account information; receiving at the computer a request for transaction approval from a merchant, the request including a merchant identifier and a user'"'"'s proxy financial account information; and querying the database with the computer to determine if the proxy financial account information is valid for the merchant seeking transaction approval. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A communications network-based system for securely processing recurrent consumer transactions comprising:
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a server computer including; a processor configured to generate merchant-specific proxy financial account information for users, the proxy financial account information valid for multiple transactions at a single merchant only; a database for storing the proxy financial account information; and a communications link for receiving requests for transaction approval from merchants and for transmitting responses to the requests to merchants. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20)
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21. A non-transitory computer readable medium containing computer instructions that when executed by a computer perform the steps of:
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providing merchant-specific proxy financial account information to a user, the proxy financial account information valid for multiple transactions at a single merchant only; maintaining a database of the merchant-specific proxy financial account information; receiving a request for transaction approval from a merchant, the request including a merchant identifier and a user'"'"'s proxy financial account information; and determining if the proxy financial account information is valid for the merchant seeking transaction approval. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30, 34)
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31. A method for securely processing consumer transactions comprising:
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querying the user to determine if the transaction is a single transaction or a recurrent transaction; if the transaction is a single transaction, providing single-use proxy financial account information to a user, the proxy financial account information valid for a single transaction only; if the transaction is a recurrent transaction, providing merchant-specific proxy financial account information to a user, the proxy financial account information valid for multiple transactions at a single merchant only; maintaining with a computer a database of the proxy financial account information; receiving at the computer a request for transaction approval from a merchant, the request including a user'"'"'s proxy financial account information; and querying the database with the computer to determine if the proxy financial account information is valid for the transaction. - View Dependent Claims (32, 33, 35)
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Specification