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Requiring authorization or authentication

Subclass of:

705 - Data processing: financial, business practice, management, or cost/price determination

705001000 - AUTOMATED ELECTRICAL FINANCIAL OR BUSINESS PRACTICE OR MANAGEMENT ARRANGEMENT

705035000 - Finance (e.g., banking, investment or credit)

705039000 - Including funds transfer or credit transaction

Patent class list (only not empty are listed)

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Entries
DocumentTitleDate
20130031002SYSTEMS AND METHODS FOR GLOBAL TRANSFERS - A global transfers computer system is configured to facilitate global transfers for customers having a plurality of accounts with different entities in different countries. The global transfer may be a foreign exchange (FX) transfer or a non-FX transfer. The global transfers computer system includes a customer database, a user interface, and at least one computer implementing a global customer data computer application, a global transfers computer application, and/or a foreign exchange computer application. Various embodiments are described, including a computer implemented method for performing global transfers using a global transfers computer system.01-31-2013
20130031001Method and System for the Location-Based Discovery and Validated Payment of a Service Provider - A method and system for consumers to find service providers is presented. The method and system minimizes the amount of the consumer's time required to find a service provider to provide a desired service. The system employs real-time geolocation information available within mobile devices to increase the efficiency of the process. Either automated or manual two-way communication between consumers and service providers for discovery and payment allows for a quick and easy user experience for all parties involved.01-31-2013
20130031000System and Method for Detecting Fraudulent Financial Transactions - An Internet service provider uses virtual machines dedicated to one (or a few) customers to perform transactions on behalf of those customers, where the transactions require sensitive or confidential user authentication data. Each virtual machine only has access to the user authentication data it needs to perform the transactions for its dedicated customers, not authentication data for all the customers of the service provider. Virtual machines are shut clown when not performing transactions or interacting with customers, thus further reducing the risk of disclosure of the confidential user authentication data.01-31-2013
20130031005METHOD FOR SECURE TRANSACTIONS UTILIZING PHYSICALLY SEPARATED COMPUTERS - A secure transaction method involves establishing an electronically accessible verification site authorized by the holder of a credit or debit card, and accessing the verification site by a merchant to determine whether a request for goods or services is authorized. The request for goods or services is based upon the use of the credit or debit card, but the card is not physically presented. The verification site is an electronic mail account which may be established by the merchant, card holder or other authorized person or entity. An authorization message is preferably sent from the site to the merchant in response to the step of accessing the verification site by the merchant. The verification site may also be wirelessly accessible, enabling an authorization message to be delivered through a cellular telephone, personal digital assistant, or other mobile device.01-31-2013
20130031004Payment methods with a payment service and tabs selected by a first party and opened by a second party at any geographic location of the first partys mobile device - A method of paying a second party is provided. A first party accesses the names of one or more qualified second parties. The second parties (i) have an association with the payment service, and (ii) that if they do not have an established association with the payment service have established one prior to payment. The first party has an association with the payment service. A tab is opened by the first party that can be selected by the second party at any geographic location of a first party's mobile device. The second party is only able to charge a first party's financial account when the first party's mobile device is within a defined geographic area. The tab is a relationship between the first party, the payment service and the second party. The second party can engage in a financial transaction when the first party is within the defined geographic area.01-31-2013
20130031003Payment methods with a payment service and tabs selected by a first party and opened by a second party at any geographic location of the first party's mobile device - A method of paying a second party is provided. A first party accesses the names of one or more qualified second parties. The second parties (i) have an association with the payment service, and (ii) if they do not have an established association with the payment service have established one prior to payment. The first party has an association with the payment service. A tab is opened by the first party that can be selected by the second party at any geographic location of a first party's mobile device. The second party is only able to charge a first party's financial account when the first party's mobile device is within a defined geographic area. The tab is a relationship between the first party, payment service and second party. The second party can engage in a financial transaction when the first party is within the defined geographic area.01-31-2013
20110178927VERIFICATION MECHANISM - Systems, apparatuses, and methods for receiving a verification message with information that includes a first portion but not a second portion of an account identifier associated with an account of a consumer. Upon receiving the verification message, searching for the account using the information of the verification message.07-21-2011
20120203698Method and System for Fraud Detection and Notification - Methods and systems for an automated dialer enhancements. The methods may analyze transactions. The analysis of the transactions may comprise of triggers which are met when a delta threshold is exceeded, when an immediate threshold is exceeded, or when a rule is met. A notification strategy is implemented after a trigger is fired and accounts may be blocked or held. Reappearing transactions are flagged and escalated.08-09-2012
20120173425MOBILE DEVICE AND METHOD FOR PROVIDING SECURITY FUNCTION - A mobile device and a method for enhancing a security function through a password combination by using posture-based passwords as well as number-based passwords are provided. In the method, the mobile device receives its posture information when one of predefined security events is selected, and compares the received posture information with predefined security information. If the received posture information is identical to the predefined security information, the mobile device performs a particular function of the selected security event.07-05-2012
20100023455DYNAMIC ITINERARY-DRIVEN PROFILING FOR PREVENTING UNAUTHORIZED CARD TRANSACTIONS - A method and system for preventing unauthorized card transactions via dynamic itinerary-driven profiling. Authorization record(s) including authorized geographic locations and authorized periods of time are received from a travel reservation system (TRS). The authorization record(s) identify an itinerary specified by a travel booking(s) purchased via the TRS using a debit or credit card. The itinerary specifies that the cardholder is scheduled to be in the authorized geographic locations for the authorized periods of time. In response to receiving a request for an authorization of a card transaction, a location and date associated with the card transaction are retrieved from the request. The card transaction is rejected based on a determination that the retrieved location is not within the authorized geographic locations and/or the retrieved date is not within the authorized periods of time. A notification of the retrieved location and retrieved date is logged and displayed.01-28-2010
20090192940SYSTEM FOR PROVIDING CARDLESS PAYMENT - 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.07-30-2009
20090192939METHOD OF TRANSFERRING DATA AND CORRESPONDING DEVICE - The method of transferring data between a first and a second set of elements via a switch that includes a set of paths each associated with a weighting coefficient representing a data stream for each path. The method includes a credit flow control between the first set of elements and the switch and a credit flow control between the switch and the second set of elements. An available credit coefficient is computed for each element of the first set on the basis of a credit allocated by each element of the second set and of the weighting coefficient of each path.07-30-2009
20110196791FRAUD REDUCTION SYSTEM FOR TRANSACTIONS - A system, apparatus, and method for reducing fraud in payment or other transactions by providing issuers with a warning that a transaction being processed for authorization is potentially fraudulent. In some embodiments, the present invention processes data obtained from a consumer authentication process that is used in card not present (CNP) transactions to determine characteristics or indicia of fraud from previous transactions. The characteristics or indicia of fraud can be used to generate a set of fraud detection rules or another form of fraud assessment model. A proposed transaction can then be evaluated for potential fraud using the fraud assessment model.08-11-2011
20110196790Transaction processing system - A system for optimizing the transfer of funds from an account holder to an associate. The system identifies the geographic location of a first financial institution involved in the transaction. The system selects from a plurality of financial institutions a second financial institution which is located near the first financial institution to be involved in the transaction. Selecting a second financial institution nearby the first financial institution facilitates the transaction and reduces the time transaction funds are unavailable.08-11-2011
20100082486MOBILE PAYER AUTHENTICATION - An address of a computing device for conducting a transaction with a merchant on an account of an account holder is used to obtain display attributes of the computing device. An authentication request is formatted using the obtained display attributes of the computing device. The formatted authentication request is sent for delivery to the logical address of the computing device. In response to the formatted authentication request, authentication information for the account holder is received from the logical address of the computing device. A validation attempt is performed on the received authentication information for the account holder. If the received authentication information for the account holder was successfully validated by the performance of the validation attempt, the authentication response is transmitted for delivery to a logical address for the merchant.04-01-2010
20110202463METHODS AND SYSTEMS FOR CARDHOLDER INITIATED TRANSACTIONS - A cardholder-initiated financial transaction using a cardholder controlled input device in communication with a payment card network and a database is disclosed. The cardholder uses a payment card issued to the cardholder by an issuer bank. An exemplary method includes the steps of storing merchant data within the database including data identifying the merchants registered to utilize the card network and receiving from the input device transaction data relating to the financial transaction. The transaction data includes an authorization request and merchant identifying data that identifies the merchant involved in the transaction. The method further includes determining that the identified merchant is registered to utilize the card network by comparing the transaction data with the merchant data stored in the database, forwarding the authorization request to the issuer bank, receiving a response to the request from the issuer bank, and automatically forwarding the response to the input device.08-18-2011
20110202462METHOD FOR A PAYMENT CARDHOLDER TO CONTROL AND MANAGE THE USE OF A PAYMENT CARD - A method for providing a payment cardholder with control over a payment card is provided herein, hi one respect, the method of the present invention uses a managing platform to configure a set of usage parameters for usage of the payment card. After that, the payment card is associated with the managing platform, and allows the payment cardholder to select one or more of the usage parameters. Based on the selected usage parameters, a set of cardholder parameters are associated with the payment card, and include defining rules for determining an acceptable transaction and an unacceptable transaction for the payment card. Then, the managing platform intercepts an authorization for each transaction of the payment card and identifies, based on the cardholder parameters, each of the transactions as being one of the acceptable transactions or the unacceptable transactions. Finally, a message notifies the payment cardholder of at least one of the unacceptable transactions.08-18-2011
20110202461METHOD AND SYSTEM FOR AUTHORIZING NETWORK TRANSACTIONS BASED ON RADIO FREQUENCY (RF) CHARACTERIZATION OF A DEVICE'S LOCATION - Aspects of a method and system for authorizing network transactions based on radio frequency (RF) characterization of a device's location are provided. In this regard, whether to approve a communication device to perform a network transaction may be determined based on results of a comparison between a radio frequency (RE) characterization of a location of the communication device and one or more approved RF characterizations. The RF characterization may be based on information from a plurality of receivers within the communication device. The one or more approved characterizations may be stored in the network device. The RF characterization may indicate a quantity of RF sources detected and identified by the communication device at the location. The RF characterization may indicate signal strength of signals received from RF sources detected and indentified by the communication device at the location.08-18-2011
20110202460METHOD AND SYSTEM FOR AUTHORIZING TRANSACTIONS BASED ON RELATIVE LOCATION OF DEVICES - Aspects of a method and system for authorizing transactions based on relative location of devices are provided. In this regard, data relating to a location of a first communication device and data relating to a location of a second communication device may be received, a distance between the first communication device and the second communication device may be determined based on the received data, and whether to approve a transaction may be determined based on the determined distance. The transaction may have been initiated from one of the first communication device and the second communication device, and may comprise a need to access an account. The transaction may be approved in instances that the first communication device and the second communication device are within a predetermined distance of each other. The received data may comprise distance information determined via communications between the first communication device and the second communication device.08-18-2011
20110202459PROCESSING TRANSACTIONS INVOLVING EXTERNAL FUNDS - Methods, computer readable media, and apparatuses for processing transactions involving external funds are presented. A funding source associated with a financial institution different from a financial institution at which a transaction is being conducted may be identified. The funding source may be validated and registered with the financial institution at which the transaction is being conducted. In some examples, a trust level may be determined for a user associated with the funding source, and the amount of funds available for transacting may be limited based on the trust level. In some examples, an amount of funds from the funding source available for transacting may be limited by an amount of funds associated with the user at the financial institution where the transaction is being conducted. Responsive to risk factors being met, the requested transaction may be rejected automatically. Otherwise, a transaction may be processed with the financial institution with funds drawn from the registered funding source. The transaction may be processed automatically in accordance with a predefined transfer schedule.08-18-2011
20120179609AUTOMATIC IMAGE ANALYSIS AND CAPTURE - In general terms, some embodiments of the present invention relate to methods and apparatuses for automatically analyzing and/or capturing an image of a deposit item for use in a deposit transaction. In some embodiments, a method is provided that includes: (a) generating, by a remote capture device, an image of a deposit item, where the generating the image is based at least partially on the deposit item being exposed to the remote capture device; (b) determining, automatically by the remote capture device, that the image is satisfactory for reading deposit item information from the image, where the deposit item information is associated with the deposit item; and (c) performing, automatically by the remote capture device, a predetermined action, where the performing the predetermined action is based at least partially on the determining that the image is satisfactory for reading deposit item information from the image. In some embodiments, the performing the predetermined action includes capturing, automatically by the remote capture device, the image of the deposit item. In other embodiments, the performing the predetermined action includes prompting, automatically by the remote capture device, a user of the remote capture device to capture the image. In some embodiments, the method occurs in substantially real-time and/or while the deposit item is being exposed to the remote capture device.07-12-2012
20130085940SYSTEM AND METHOD OF CASHING A CHECK - A system and method of cashing a check which reduces wait times and automates a very manual process. An example method includes capturing an image of the check, sending a request including an image file containing the image of the check to a check approval system, receiving an approval to cash the check from the check approval system, and submitting the image file and the approval during a check cashing transaction at a self-service terminal.04-04-2013
20130085943ELECTRONIC PAYMENT SYSTEM FOR AUTOMATED MACHINE - An electronic payment system is provided to comprise a mobile terminal 04-04-2013
20130085942ELECTRONIC FUNDS TRANSFER - Described herein is a method for secure transfer of funds. The method includes receiving a funds transfer request from a user on a transaction initiating channel, following a first authentication, and verifying the first authentication on a transaction authorization channel based on a second authentication, wherein the second authentication is based partly on at least one request for an information element, wherein the information element includes one or more non-repeating information elements exclusively associated with the user and known to a source authorizing the funds transfer request.04-04-2013
20130085939INTERACTIVE, AUTOMATED TRANSACTION REPORTING AND AUTOMATED COLLECTION - The present invention relates to reporting transactions, such as credit reporting, and provides systems and methods for conditioning payment from a purchaser to a seller of a scheduled payment based on the seller reporting information concerning the scheduled payment, or another scheduled payment to the seller, or a previous payment to the seller, or any combination thereof. The present invention also relates to systems and methods for automatically collecting payments from a purchaser for repayment.04-04-2013
20130085941SYSTEMS AND METHODS FOR SECURE WIRELESS FINANCIAL TRANSACTIONS - There are provided systems and methods for conducting secure wireless financial transactions using portable electronic devices. For example, a method of conducting a wireless transaction is provided that includes taking a picture of a first QR code displayed on a transaction terminal using a camera of a portable electronic device. The method also includes sending data from the portable electronic device to the transaction terminal to conduct the financial transaction with the transaction terminal using a near field communication channel or another wireless communication channel, or both. This data is derived from the first QR code to enable the transaction terminal to verify that the portable electronic device is physically located near the transaction terminal.04-04-2013
20100076892INTERMEDIARY PAYMENT SYSTEM AND METHOD FOR GAMING - A method for enabling consumers in a gaming context to push funds from a traditional open loop account to a closed loop account, and back. At the request of a consumer, funds are transferred to an open loop account of an intermediary payment system that holds or keeps track of virtual closed loop accounts for each consumer and virtual closed loop accounts for individual games, casinos or gaming establishments. The consumer may use an associated closed loop card to place a bet at the gaming establishment that will cause funds to be transferred from the consumer's virtual closed loop account to the gaming establishment's closed loop account. Thereafter, the funds are transferred from the intermediary payment system to an open loop account belonging to the gaming establishment.03-25-2010
20100076891Superior identification system by changing word or number codes - A system and method for identification purposes or for preventing unauthorized use of a credit/debit card and its numbers. For each new transaction, a new PIN code is needed. After usage, the code is deleted and the card and its numbers cannot render a transaction until a new code has been established. The PIN code can consist of numbers, letters or a word. The user/card holder can be in charge of generating each new code. When entering the code, a new code can be entered at the same time which replaces the last code. The new code could also be entered at a later time by using a phone or the internet. During communication between parties over, such as a telephone or over the internet, only a portion of the card number would be included in the communication, along with a predetermined password. In an enhanced version intercepting the new code or seeing what digits are used by the card holder would be worthless since a secret digit only known by the true cardholder would have to be added to the last code when used for the next transaction. The system also describes a manner of quickly entering letters on an existing numbered keypad. In this manner, easy to remember words can be used.03-25-2010
20100076890GUI-BASED WALLET PROGRAM FOR ONLINE TRANSACTIONS - Provided is a method and a GUI-based software application that acts as a wallet with network interconnectivity for enabling a user to securely and seamlessly conduct transactions with his or her online financial transaction program by means of a computer or a wireless handheld device without having to depend on an Internet browser.03-25-2010
20120246076CREDIT CARD FRAUD PREVENTION SYSTEM - An object of the present invention is to prevent a fraudulent use of a credit card such as spoofing.09-27-2012
20120246073SYSTEMS AND METHODS FOR TRANSFERRING TRANSACTION INSTRUCTIONS FROM A REMOTE REPOSITORY TO A MERCHANT WEBSITE USING A TRANSACTION AGENT - Systems and methods for transferring transaction instructions from a remote repository to a participating merchant website using a transaction agent are provided. A user is provided an option of checking out of a merchant website by using a transaction assistant option that requires the user to be authenticated with an activity server. Subsequent to successful authentication, the pre-stored transactional instructions such as user payment method details, the shipping information, and the like are accessed from a payment store and transferred to the transaction terminal at the merchant website for completion of the transaction.09-27-2012
20120246072AUTHORIZING AN ADVANCE PAYMENT BASED ON PERFORMER DATA - An authorization machine may be used by an authorizing entity to aggregate and analyze multiple reports that are pertinent to a performer of entertainment. The authorization machine may determine the performer's potential earnings for performing at an event to occur in the future. This determination may be based on one or more revenue-related reports that describe past transactions attributable at least in part to the performer. The authorization machine may then determine a likelihood that the performer will actually attain the potential earnings by performing at the event. This likelihood may be determined as a risk score based on one or more sentiment-related reports that describe the performer's popularity. Based on the potential earnings and the likelihood of attaining them, the authorization machine may authorize an advance payment corresponding to the performer.09-27-2012
20120246071SYSTEM AND METHOD FOR PRESENTMENT OF NONCONFIDENTIAL TRANSACTION TOKEN IDENTIFIER - In an exemplary embodiment, a method for leveraging a payment token comprising a non-confidential number (i.e., “cellcard number”), such as a phone number associated with a user's portable computing device (“PCD”), to effect purchase transactions against one of possibly a plurality of value accounts associated with the non-confidential number comprises presenting a cellcard number for purchase of goods, requesting that a value account associated with the cellcard number be debited and, before debiting the value account and completing the purchase transaction, transmitting a request for authorization of the transaction to the user's PCD.09-27-2012
20100114778SECURE AUTHENTICATION AND PAYMENT SYSTEM - A transaction and payment and processing system securely conducts transactions over the public telephone network. The transactions may be between and among entities of any type such as individuals, merchants, utilities, banks, etc. Nothing more than access to a telephone is required after initial registration of a user.05-06-2010
20100114775TEXT AUTHORIZATION FOR MOBILE PAYMENTS - A system and method enables trusted sources to easily approve requests for money transfers by simply typing in a yes or equivalent.05-06-2010
20100114774CHARGEBACK DECISIONING SYSTEM - A chargeback received from a merchant processor, which includes a plurality of data elements related to details of a transaction, is automatically processed. At least one of the plurality of data elements is compared with at least one related data element in each of a plurality of stored chargebacks. Similarities are then identified between the compared data elements of the received chargeback and the stored chargebacks. The received chargeback is then accepted or represented based on the similarities identified.05-06-2010
20100114773Systems, Methods, And Apparatus For Using A Contactless Transaction Device Reader With A Computing System - Embodiments of the invention may relate to systems, methods, and apparatus for using a contactless transaction device reader with a computing system. According to one embodiment, a system for conducting a transaction on a personal computing system using a contactless transaction device may include a communications interface operable to connect with a network, a memory, a contactless transaction device reader operable to communicate wirelessly with a contactless transaction device, and a processor in communication with the memory, the communications interface, and the contactless transaction device reader. The processor may be operable to cause the contactless transaction device reader to read information from the contactless transaction device, to verify that the user's authority, to provide transaction information, based at least in part on the information read from the contactless transaction device, when conducting a transaction, and to transmit at least a portion of the transaction information to an entity.05-06-2010
20120191609SECURE AND EFFICIENT PAYMENT PROCESSING SYSTEM - A method for carrying out commercial transactions includes establishing a transaction processing system on an electronic communications network, and establishing an account within the transaction processing system for a corresponding account holder. One or more descriptions of acceptable future commercial transactions related to the account are obtained from the account holder. Commercial transactions carried out via the transaction processing system are administered, and it is verified that administered commercial transactions related to the account meet one or more of the descriptions obtained.07-26-2012
20130080324EASY CREATION OF MOBILE PAYMENT CODE - A user is presented with a first display with parties to a payment transaction and a second display on the same screen, where the user can drag and drop the parties on the first screen to the second screen to create a desired payment flow. A service provider, such as a payment provider, builds code based on the payment flow and zips it into a downloadable file. The user can then easily implement the zipped code into a mobile app that will allow a customer to make a purchase through the app using the payment provider. The zipped code uses a library of payment options offered by the payment provider and allows the user to input custom variables into these options. Code is automatically generated for the user to use based on the user input.03-28-2013
20130080329Systems and Methods for Facilitating Card Present Transactions - Embodiments of the disclosure can include systems and methods for facilitating card present transactions. In one embodiment, a computer-implemented method for conducting card present transactions can be provided. The method can include receiving, by a merchant system comprising one or more computers, a request for a card present electronic commerce transaction on behalf of a consumer; determining, by the merchant system, an identifier of a mobile device of the consumer; obtaining, by the merchant system from the mobile device, validation information associated with a payment application stored on the mobile device; and outputting, by the merchant system for communication to an issuer system, a proposed card present transaction and the validation information.03-28-2013
20130080327AUTOMATIC REFRESH AUTHORIZATION FOR EXPIRED PAYMENT TRANSACTION AUTHORIZATIONS - An automatic refresh authorization for payment transaction authorizations that are estimated to be expired is disclosed. The automatic refresh authorization can be determined ‘in house’ by a payment service provider without the need for human intervention or additional information from a merchant. If several days have gone by since a credit card payment was authorized (but not settled), a reauthorization can be automatically initiated so that a subsequent capture/settlement request will successfully transfer funds. The threshold number of days/hours can be customized by the payment service and/or merchant and may be directed to certain payment processors with high fees only. If the reauthorization fails, a capture request based on the original authorization can be attempted in order to document the denied capture request for the merchant.03-28-2013
20130080328Systems and Methods for Processing Payment Transactions - Embodiments of the disclosure can include systems and methods for processing transactions. In one embodiment, a computer-implemented method for processing proposed transactions can be provided. The method can include storing, by a service provider system comprising one or more computers, one or more issuer rules associated with the applicability of one or more payment accounts to proposed transaction; receiving, by the service provider system from a merchant computer, information associated with a proposed transaction, the information comprising one of an identification of a payment account or an identification of a consumer payment device; evaluating, by the service provider system utilizing the one or more issuer rules, the proposed transaction; and determining, by the service provider system based at least in part upon the evaluation, at least one of (i) a payment account to utilize in association with the proposed transaction or (ii) whether the proposed transaction will be approved or denied.03-28-2013
20130080323RESTRICTED FUNDING SOURCE - An account with restricted use is maintained by a payment provider, where funds from the account can only be used when specific user-determined conditions are met. The user may specify one or more payees, an amount or maximum payment, a time or date range for payment, or other restrictions.03-28-2013
20130080326HOUSEHOLD PAYMENT MANAGEMENT AND TRACKING SYSTEM - An efficient digital tracking and payment system for members of a household, such as minors and guardians. The system allows for minors and guardians to enter into agreements for services (e.g., chores) and rewards through a single portal digital application that tracks services and notify parties of completion thereof. The system also provides a mechanism for funding of payment from one party to the other on mobile devices and computers over the internet. The system also allows guardians so predetermine the allocation of payments to multiple accounts for a minor. A marketplace is also provided which allows minors to purchase goods or services with funds earned by completing services.03-28-2013
20130036055SYSTEM AND METHOD FOR PROVIDING A FINANCIAL TRANSACTION INSTRUMENT WITH USER-DEFINABLE AUTHORIZATION CRITERIA - Authorization limits on the use of a financial transaction instrument, such as a credit card and the like, may be set by an owner of a financial account corresponding to the financial transaction instrument. The owner provides information identifying the owner, the financial account, and the financial transaction instrument corresponding to the financial account to a computer, and also provides an owner-defined authorization limit on use of the financial transaction instrument to the computer. The authorization limit is stored in a database, which is accessed when there is a request to authorize a purchase to be made with the financial transaction instrument. The owner may communicate with the computer via a Web site, an automated call program, a kiosk, or the like.02-07-2013
20130036054OFFSITE FINANCIAL ACCOUNT ONBOARDING - Offsite financial account onboarding is provided which creates a more streamlined process for a customer. The customer accesses a money services businesss business electronic system to request financial account setup. The onboarding system establishes account, access to a pooled custodial account managed by the money services businesss business based on preliminary identification (ID) data from the customer. With only preliminary ID data, account access limits are assigned which reduces the risk of fraud or criminal activity with the customer's account access. Because account access is established with just the preliminary ID data, the customer may fully obtain account access directly from a mobile device. The money services businesss business provides additional graduated access levels depending on additional ID data provided by the customer. Thus, depending on the type of ID data provided by the customer, the customer's account access will have corresponding access level rights to the custodial account.02-07-2013
20130036053Centralized Identification and Authentication System and Method - A Central-Entity centralizes users' personal and financial information in a secure environment in order to prevent the distribution of user's information in e-commerce. This information is then used to create digital identity for the users. The digital identity of each user is dynamic, non-predictable and time dependent, because it is a combination of a user name and a dynamic, non-predictable and time dependent secure code that will be provided to the user for his identification. The user provides his digital identity to an External-Entity such as merchant or service provider. The External-Entity is dependent on Central-Entity to identify the user based on the digital identity given by the user. The External-Entity forwards the user's digital identity to the Central-Entity for identification and authentication of the user and the transaction.02-07-2013
20130036052CREDIT TRANSACTION SYSTEM, APPARATUS, TERMINAL CAPABLE OF GRADING CREDIT AND METHOD THEREOF - A credit transaction system, apparatus, and method are capable of grading credit to other people. The credit transaction system includes a relay unit, a user terminal, and a seller terminal. The relay unit stores credit information including at least one of credit card information and account information of a credit owner, user information and terminal information on a user designated by the credit owner, and credit limit information on a limit usable by the user. The user terminal transmits the user's terminal information to a seller terminal corresponding to the seller. The seller terminal transmits billing records on the goods or service purchased by the user in response to the received user's terminal information. Here, the relay unit performs an authentication process for the user corresponding to the user terminal, and then relays to process payment regarding the billing records via the credit information within the credit limit information.02-07-2013
20130036056CASH PAYMENT FOR REMOTE TRANSACTIONS - Methods coordinate payment for a remote transaction with a first party. An identification of the first party is received at a host system. Acknowledgment of receipt of a cash payment from a second party is received. The cash payment is associated with the identification of the first party. A money transfer corresponding to the cash payment to the control of the first party is executed with a request for the first party to perform on previously agreed terms of the remote transaction.02-07-2013
20130036051NON-NEAR FIELD COMMUNICATION POINT OF SALE EXPERIENCE - System, method, and computer program product are provided for a user to provide payment for a transaction via non-near field communications at the point-of-sale. Once a user enters a merchant, the user may purchase products from the merchant through a P2P mobile payment. The user may identify himself/herself on a mobile phone and access the P2P mobile payment system. The user then selects the merchant that he/she is purchasing from and the financial institution providing the user with a payment PIN. The PIN is a randomly generated numbers or letters set that the user inputs at the point-of-sale to provide payment for a transaction at the merchant. This invention allows a user to receive and provide payments for any type of transaction utilizing the security, accuracy, and convenience without having to disclose personal data such as an account number, routing number, or the like.02-07-2013
20130036050SYSTEM AND METHOD FOR USING A NEAR FIELD COMMUNICATION DEVICE TO CONDUCT A TRANSACTION WITH AN ALIAS - A system and method for using a static or dynamically-generated alias to conduct financial transactions via a Near Field Communication Device at a merchant is provided. The system and method allows a user to provide an alias identifying the user in order to conduct transactions via a near field communication device without needing to transfer the user's account number. The method associates the alias with an account of the user. The alias may be a static alias or a dynamic alias. A dynamic alias is generated for a transaction based in part on a characteristic of the transaction. The method determines the account number associated with the alias and completes the transaction using the alias. The method may also evaluate the transaction to determine whether pre-determined rules are complied with and provide confirmation to the user and/or merchant that the transaction has completed.02-07-2013
20130212017TRANSACTION SYSTEM AND METHOD OF CONDUCTING A TRANSACTION - The invention pertains to a transaction system and method of conducting a transaction. Particularly, the invention pertains to a transaction system and method of conducting a transaction wherein the transaction is initiated by the consumer using a mobile device with a unique identifier. The consumer initiates the transaction by entering a vendor provided transaction initiation code into the mobile device. The transaction identifier code and unique identifier of the mobile device is transmitted to a server. Using the unique identifier the server can retrieve pre-existing transaction options specific to the unique identifier of the mobile device. The transaction options can either be transmitted to the mobile device to allow the consumer to input any preferences relating to the transaction options or to a vendor sales system of a vendor for further processing.08-15-2013
20130080325DEPOSITING AND WITHDRAWING FUNDS - A user without Internet access or a bank account can fund an online payment provider account by depositing cash or voucher from a third party into a machine or with a person, and entering an account identifier, such as an email or phone number. The user can receive cash through the online payment provider by logging into an account through a machine, entering the amount of cash requested, and receiving a voucher. The user can then insert the voucher into a cash dispensing machine or present the voucher to a person to redeem the voucher for cash or redeem the voucher for store merchandise.03-28-2013
20090171844SYSTEM AND METHOD OF A PASSPHRASE ACCOUNT IDENTIFIER FOR USE IN A NETWORK ENVIRONMENT - A system and method for facilitating a financial transaction over a network including use of a passphrase account identifier is described herein. In one embodiment, a system for facilitating a financial transaction over a network comprises a communication interface; and a payment provider system configured to receive via the communication interface a passphrase account identifier from a merchant system, match the passphrase account identifier to a corresponding funding instrument number of a corresponding funding instrument, communicated the corresponding funding instrument number to an issuer system, receive from the issuer system a notification indication of one of acceptance of the funding instrument or decline of the funding instrument, and communicate back to the merchant system the notification indication.07-02-2009
20120209773FRAUD ALERTING USING MOBILE PHONE LOCATION - A location of a transaction or payment request is compared with a location of a user device to determine whether the distance is great enough to send an alert for a possible fraudulent transaction. The user device location may be predicted based on a last known location and information about the area of the last known location and movement of the user device.08-16-2012
20120209770System and Method for Monetizing Video Content - Methods and systems are presented for displaying multimedia content on a user computing device where the content includes several segments. A first segment of the content is displayed on the computing device and following display of the first segment of the content, a request for payment associated with a second segment of the content is displayed to the user. A user payment request approval for the second segment of the content is communicate from the user computing device to a service server, and the service server may respond with an approval or rejection. In a further potential embodiments, segments of the video may be defined and set by a content server, and varied based on feedback and history related to user payments.08-16-2012
20130041822Payment Device with Integrated Chip - A method is disclosed. It includes presenting a portable consumer device to an access device, obtaining additional data, encrypting the additional data, and passing the encrypted additional data to the access device.02-14-2013
20130041826Content Purchaser Distribution Payment System - A system and method for authorizing access to digital content includes encoding, with a processor, a digital content with a unique identifier. The digital content is delivered to an authorized user. A query is received from a second user and it is determined if the second user is the authorized user. If the second user is not an authorized user one of a payment authorization for the digital content is received from either the authorized user or the second user and an instruction is received to disable the digital content.02-14-2013
20130041825SYSTEM AND METHOD FOR MANAGING AND MONITORING THE DISPENSING OF FUELS - A fuel management system for use by operators of temporary and/or permanent inventories of vehicles such as vehicle dealerships. Fuel vouchers are issued by authorized issuing personnel to authorized recipients if a validation procedure is passed using a database incorporating employee and vehicle inventory information. At the time of delivery, the fueling station will verify the vehicle and individual presenting the voucher. If verification occurs, the authorized quantity of fuel is dispensed. The voucher and sales receipt are returned to the dealership for future auditing and report generation. The system stores information to enable reports to be generated concerning fuel voucher issuance, actual fuel usage and to detect fraud or misuse, allowing more effective fuel expense management. In the event a report generates a fraud alert, appropriate management personnel are immediately notified by email, text messaging or other means.02-14-2013
20130041824Systems and Methods of Aggregating Split Payments Using a Settlement Ecosystem - Systems, apparatuses and methods for enabling a group of people to share the cost of an event, such as a meal, the purchase of a gift, or the rental of a car. Embodiments of the invention provide the tools needed to enable a group to participate in a shared event or activity, where one of the participants pays for the event or activity using their payment device and the other members of the group pay their portion of the cost to the participant who made the payment. Embodiments of the invention provide an ecosystem where a person can pay for an event, goods, or services using a single payment device (such as a credit or debit card) and then settle the amounts owed to them by other members of a group using the tools provided by the invention.02-14-2013
20130041823Payment Card with Integrated Chip - A method is disclosed. It includes presenting a payment card to an access device, obtaining additional data, encrypting the additional data, and passing the encrypted additional data to the access device.02-14-2013
20130041821FRAUD MESSAGING SERVICE - In general terms, embodiments of the present invention relate to methods and apparatuses for providing a fraud messaging service. For example, in some embodiments, a method is provided that includes: (a) receiving transaction information associated with a transaction, where the transaction involves an account, and where the account is held by an account holder; (b) determining, based at least partially on the transaction information, that the transaction has triggered a fraud rule; (c) prompting, via a mobile device, the holder to consent to the transaction, where the mobile device is associated with the holder, and where the prompting the holder is based at least partially on the determining that the transaction has triggered the fraud rule; (d) receiving the holder's consent to the transaction; and (e) authorizing the transaction based at least partially on the receiving the holder's consent.02-14-2013
20090157550System and method for managing foreign payments using separate messaging and settlement mechanisms - Managing foreign payments using separate conduits for messaging and payments. An originating depository financial institution can create an F3X message designating a fixed amount of foreign currency to be credited to, or debited from, a receiving depository financial institution. The originating depository financial institution transmits the F3X message to a domestic gateway operator via an ACH network. The domestic gateway operator then forwards the F3X message to a foreign gateway operator. Separately, the originating depository financial institution transmits a payment to the foreign gateway operator either directly or via a correspondent financial institution. The foreign gateway operator matches the payment to the F3X message and transmits the payment to the receiving depository financial institution.06-18-2009
20090157549USING A MOBILE PHONE AS A REMOTE PIN ENTRY TERMINAL FOR CNP CREDIT CARD TRANSACTIONS - A computer implemented method, computer program product, and data processing system for authorizing a financial transaction with an account. A request to perform the financial transaction with the account is received. The financial transaction is authorized responsive to receiving a pre-determined code from a mobile communication device associated with a user who has authority to authorize the financial transaction.06-18-2009
20090157548MULTIPLE PARTY ON-LINE TRANSACTIONS - A role associated with one or more parties involved with a purchase transaction is received. A routing rule associated with the purchase transaction is also received, the routing rule defining how the purchase transaction is routed among the one or more parties. The purchase transaction is processed based on the role of each party and the routing rule.06-18-2009
20090157547FINANCIAL TRANSACTION AUTHENTICATION SERVERS, METHODS, AND COMPUTER PROGRAM PRODUCTS FOR FACILITATING FINANCIAL TRANSACTIONS BETWEEN BUYERS AND SELLERS - A financial transaction authentication server includes a wireless network interface that is configured to receive fund transfer requests from a buyer via a wireless communications terminal, a wireless terminal location module that is configured to identify the respective locations of the buyer and a seller, and a transaction authorization processor configured to authorize a transfer request if the geographic locations of wireless terminals of the buyer and seller are within a predetermined geographical proximity of each other. The wireless network terminal location module identifies the geographic locations of respective wireless terminals of the buyer and seller. The transaction authorization processor authorizes a fund transfer request if the respective locations of buyer and seller wireless terminals are within a predetermined geographical proximity and suspends a fund transfer request if respective locations of buyer and seller wireless terminals are not within a predetermined geographical proximity of each other.06-18-2009
20100161488METHODS AND SYSTEMS FOR BIOMETRIC VERIFICATION - Pursuant to some embodiments, methods, systems, apparatus, computer program code and means for verifying a cardholder during a transaction involving a transaction device and a terminal are provided. Pursuant to some embodiments, the invention includes transmitting biometric rule information from a transaction device to a terminal, the biometric rule information defining a biometric sample to be acquired at the terminal, receiving, from the terminal, a detected biometric sample. The detected biometric sample is compared to a biometric reference template stored in the transaction device, and the cardholder is verified if the detected biometric sample matches the biometric reference template.06-24-2010
20090150288Systems and Methods for Authorizing an Allocation of an Amount Between Transaction Accounts - A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.06-11-2009
20120215694METHOD FOR THE QUASI REAL-TIME PREPARATION AND CONSECUTIVE EXECUTION OF A FINANCIAL TRANSACTION - The present invention relates to a method for the quasi real-time preparation and consecutive execution of a financial transaction between a payor and a payee. The method comprises the steps of: 08-23-2012
20120185396SERVICE PROVIDING METHOD AND ACCESS GATEWAY - Embodiments of the present invention provide a service providing method and an access gateway. The method includes: obtaining a network capability product and service level agreement SLA information that corresponds to the network capability product; authenticating, according to the network capability product and the SLA information that corresponds to the network capability product, an SP that uses the network capability product for access; and allowing the SP to provide a service for a terminal user if the authentication is successful.07-19-2012
20100094756SYSTEM AND METHOD FOR RAPID FINANCIAL TRANSACTIONS THROUGH AN OPEN FINANCIAL EXCHANGE OR WIRE TRANSFER - A system and method for transferring funds. An electronic request for a transfer of funds between a sending account and a destination account is received. A determination is made whether the sending account and the destination account are with a destination bank controlling the destination account. The funds are transferred from the sending account to a receiving account of the service provider. The funds are transferred from a service provider account at the destination bank to the destination account in response to determining that the sending account and the destination account are not with the destination bank. A service provider is compensated for the transfer of funds and the transfers are recorded in a database in response to completion of the electronic request.04-15-2010
20100070414PAYMENTS USING PRE-PAID ACCOUNTS - The present invention extends to methods, systems, and computer program products for payments using pre-paid accounts. Embodiments of the invention provide a single, universal payment method that cannot be physically stolen, that minimizes the risk of information theft, and which can be used to make both small and large payments. The universal payment method is more convenient, more efficient, and less expensive to use because it requires no exchange mechanism from one payment form to another. In addition, to the extent that prior-to-payment funds are controlled by the businesses to whom payment is to be made, the buying power is increased.03-18-2010
20130046690SYSTEM AND METHOD FOR CREDENTIAL LENDING - Embodiments of the invention provide a method for allowing a first user to authorize a second user to perform a financial transaction using the first user's financial account information. In some embodiments, the second user conducts the transaction through the use of a mobile computing device that communicates with a point of transaction device. In some embodiments, the first user authorizes a second user to perform a financial transaction using the first user's account through the use of the personal computing device. In some embodiments, a method is provided that includes: (1) receiving a request from the first user to authorize the second user to perform a financial transaction; (2) receiving a parameters from the first user restricting a scope of the financial transaction that the second user is authorized to perform; (3) transmitting information associated with the request to a mobile computing device associated with the second user.02-21-2013
20130046693NON-REPUDIATION PROCESS FOR CREDIT APPROVAL AND IDENTITY THEFT PREVENTION - Embodiments are directed towards employing a non-repudiation process for consumer credit requests based on an affirmative authentication of a one-time-pin (“OTP”) generated from a consumer biometric smartcard. The biometric smartcard may authenticate biometric information (e.g. fingerprint, facial image, iris image, or the like) of the consumer based on biometric templates stored on the biometric smartcard. In at least some of the various embodiments, the OTP may be authenticated by an identity authority, such that an associated credit request to a provider may be authenticated. In some embodiments, the provider may request and utilize a credit report for an authentic credit request to determine whether or not the consumer has an acceptable credit rating. If the consumer has an acceptable credit rating, then the provider may provide credit to the consumer.02-21-2013
20130046692FRAUD PROTECTION WITH USER LOCATION VERIFICATION - Embodiments of the invention provide fraud protection with user location verification. The methods, apparatus and computer program products provide for approving a transaction based at least partially on a determining that a mobile device associated with an account holder associated with a transaction is located within a predetermined distance from the location associated with the transaction. In some example implementations where the mobile device is located outside the predetermined distance from the location associated with the transaction, information associated with previously approved transactions is received and the transaction approved based at least partially on a determination that previously approved transaction have occurred at the same location.02-21-2013
20130046691LOCATION-BASED SERVICE PAYMENT AND SETUP - Payments are made to service providers for services rendered at a specific user location when the user is detected at that location. This may be when the user's mobile device is detected at a house or business that the user is responsible for service payments. The user may be asked, through the mobile device, whether to make a payment. The request may only be sent when a payment is due. In another embodiment, services are set up for the user when a new address is detected for the user. Specific services may be set up depending on the location and/or user information, such as services utilized by the user at a previous location.02-21-2013
20090043706Money wiring address billing worldwide shipper online fraud detection system - A money wiring, address billing, online fraud detection system. A billing system that is of the utmost simplicity, ease of use. A billing system which bills and wires money with the actual numbers of a consumer's shipping address, and bills and wires money with the actual numbers of a consumer's telephone number. A system which wires money with a valued customer date and account expiration date. A billing system which uses all of these unique numbers to wire a consumer money, to prevent misuse of the billing systems numbers.02-12-2009
20090012898Location based credit card fraud prevention - A method is provided for blocking an unauthorized use of a payment instrument for a transaction. The method includes: establishing a transaction location (01-08-2009
20090327131DYNAMIC ACCOUNT AUTHENTICATION USING A MOBILE DEVICE - Providing dynamic authentication of a user requesting access to a system via a mobile device is disclosed. An account holder tailors a set of customized security challenges and responses. When a request for account authentication is received from a mobile device, the system conducts a multi-step user authentication process that includes dynamically selecting and prompting the user with the custom security challenges.12-31-2009
20090307135PERFORMING AUTOMATICALLY AUTHORIZED PROGRAMMATIC TRANSACTIONS - Techniques are described for facilitating interactions between computing systems, such as by performing transactions between parties that are automatically authorized via a third-party transaction authorization system. In some situations, the transactions are programmatic transactions involving the use of fee-based Web services by executing application programs, with the transaction authorization system authorizing and/or providing payments in accordance with private authorization instructions previously specified by the parties. The authorization instructions may include predefined instruction rule sets that regulate conditions under which a potential transaction can be authorized, with the instruction rule sets each referenced by an associated reference token. After one or more of the parties to a potential transaction supply reference tokens for the parties, the transaction authorization system can determine whether to authorize the transaction based on whether the instruction rule sets associated with the reference tokens are compatible or otherwise satisfied.12-10-2009
20090307134PERFORMING AUTOMATICALLY AUTHORIZED PROGRAMMATIC TRANSACTIONS - Techniques are described for facilitating interactions between computing systems, such as by performing transactions between parties that are automatically authorized via a third-party transaction authorization system. In some situations, the transactions are programmatic transactions involving the use of fee-based Web services by executing application programs, with the transaction authorization system authorizing and/or providing payments in accordance with private authorization instructions previously specified by the parties. The authorization instructions may include predefined instruction rule sets that regulate conditions under which a potential transaction can be authorized, with the instruction rule sets each referenced by an associated reference token. After one or more of the parties to a potential transaction supply reference tokens for the parties, the transaction authorization system can determine whether to authorize the transaction based on whether the instruction rule sets associated with the reference tokens are compatible or otherwise satisfied.12-10-2009
20120191610ONLINE PAYMENT FOR OFFLINE PURCHASE - A user receives a unique purchase identifier from a merchant during an offline purchase transaction. The merchant holds the purchase. The user makes an online payment at a later time by entering the purchase identifier through a payment provider, who retrieves details of the purchase and processes the payment if the user approves of the payment. The merchant is notified and releases or ships the purchase to the user.07-26-2012
20120191607Methods And Systems For Facilitating Or Executing Electronic Payment Transactions - A method for executing an electronic payment transaction may include initiating or receiving notification of the initiating of a communication session with a wireless data connection enabled computing device, sending a payment transaction request during the communication session for the wireless data connection enabled computing device, and receiving a payment confirmation or a rejection of the payment transaction request to conclude the payment transaction.07-26-2012
20120191606Social network transaction processing system - A system for transferring funds using social network connections. The system sends application programming interface (API) requests to social networks to obtain “friend” information and create accounts into which funds are deposited and which may be retrieved by recipients via hyperlinks in messages provided through social networks. The system may also be used to request funds from social network friends. The system provides benefactor friends fund requests in the form of social network messages, which allow the benefactors to access the system and provide funds to a user via hyperlinks in the messages.07-26-2012
20110016048ELECTRONIC CURRENCY, METHOD FOR HANDLING SUCH A CURRENCY AND ELECTRONIC CURRENCY HANDLING SYSTEM - The present invention concerns a system for handling of electronic payments, a user device for use in such a system including a cash handling unit, a so called CashButler, a method for handling electronic payments, an electronic currency, so called Dynamic Checks, a logic unit for executing operations associated with the handling of the electronic currency for use in electronic payments, which logic unit can be implemented in the cash handling unit, and software for executing steps of the method.01-20-2011
20130073465MERCHANT STRUCTURE HIERARCHIES FOR MEDIATING TRANSACTION DATA ACCESS - Mediation hierarchies may be established and maintained for use in accessing and managing transaction data. The hierarchies may correspond to merchant organizational structures. The transaction data may include financial transactions, such as payment transactions facilitated by portable consumer devices including credit, debit and charge cards, that are made by customers of the merchant. The hierarchies may be used to mediate reporting, searching and decision management functionality with respect to the transaction data. Users may make requests with respect to transactions associated with one or more portions of a hierarchy. Transaction data access control may be associated with hierarchy nodes. Merchant organizational structures may change over time, and a history may be maintained for each mediation hierarchy. Transaction processing functionality associated with time intervals during which multiple hierarchy versions were active may be processed with respect to the active hierarchy version for each sub-interval.03-21-2013
20130073464SYSTEMS AND METHODS TO COMMUNICATION VIA A MERCHANT AGGREGATOR - A computing apparatus configured to determine account numbers of account holders, determine merchant identifiers used to identify respective merchants in authorization requests for transactions between the respective merchants and the account holders, monitor transactions processed by a transaction handler to detect first transactions between the merchants and the account holders, and transmit information about each of the first transactions to a remote computing device in real time as the transaction handler processes the authorization of the respective detected transaction.03-21-2013
20130073463ISSUER TRUSTED PARTY SYSTEM - Embodiments of the invention are directed to an authentication platform capable of storing authentication data received from an issuer access control server. The authentication platform can authenticate users and portable devices, on behalf of the issuer access control server, using the stored authentication data. Messaging extensions are included in transaction messaging indicating the authentication platform's status as an issuer trusted party, allowing the issuer access control server computer to rely on the authentication platform to conduct authentication processing.03-21-2013
20130073462Processing a Payment Transaction From a Mobile Device - In an exemplary embodiment, a method includes receiving, from a mobile device, a payment transaction between a customer and a merchant. A customer account identifier and a merchant account identifier of the payment transaction may be determined. The method further includes communicating the customer account identifier to an enterprise to determine whether the customer account identifier corresponds to a customer account associated with the enterprise. If the customer account identifier and the merchant account identifier each correspond to a respective account associated with the enterprise, an indication that the enterprise initiates the processing of the payment transaction is received, and a notification that the payment transaction was processed is sent. If the customer account identifier and the merchant account identifier do not each correspond to a respective account associated with the enterprise, a notification that the payment transaction was not processed is sent.03-21-2013
20130073461Processing a Payment Transaction Involving a Merchant Account and a Customer Account Associated with the Same Enterprise - In an exemplary embodiment, a method includes receiving a payment transaction comprising a customer account identifier and a merchant account identifier. A processor may determine whether the customer account identifier and merchant account identifier correspond to respective accounts associated with the enterprise. If the account identifiers each correspond to a respective account associated with the enterprise, the processing of the payment transaction is initiated at the enterprise and a notification that the enterprise initiates the processing of the payment transaction is sent. If the account identifiers do not each correspond to a respective account associated with the enterprise, a notification that the payment transaction was not processed may be sent.03-21-2013
20130073460ENABLING PAID-FOR EXCHANGE OF IDENTITY ATTRIBUTES WITH MINIMAL DISCLOSURE CREDENTIALS - The claimed subject matter provides a system and method for enabling paid-for exchange of identity attributes with minimal disclosure credentials. An exemplary method includes requesting a credential from an identity provider by one of a user or a credential agent. The credential may be presented to a relying party, and the presented credential may be verified. Based on verification of the presented credential, a service of the relying party may be accessed by the user. The user, the relying party, a neutral third party, or the credential agent may provide payment for the credential to the identity provider, and the identity provider is unable to determine whether, where, when or by whom the credential has been used.03-21-2013
20130060701ELECTRONIC PAYMENT SERVICE METHOD, AND ELECTRONIC PAYMENT SERVICE APPARATUS, MOBILE COMMUNICATION TERMINAL, AND TRANSACTION TERMINAL FOR PERFORMING THE METHOD - The present invention relates to a payment apparatus and payment method using a mobile communication network. According to one embodiment of the present invention, the electronic payment service apparatus, which carries out payment using a mobile communication network, comprises: a transaction authentication unit which receives article purchase information from a transaction terminal and authenticates the transaction terminal; a transaction identification number information generating unit which generates transaction identification number information corresponding to the article purchase information received from the transaction terminal; and a payment authentication information generating unit which transmits the transaction identification number information to the transaction terminal, receives payment information corresponding to the transaction identification number information from a mobile communication terminal, and generates payment authentication information corresponding to the payment information.03-07-2013
20130060700ENABLING TRANSFERABLE ENTITLEMENTS BETWEEN NETWORKED DEVICES - A method, apparatus, and system are directed towards employing transferable entitlements using EMMs for enabling a purchase of content using a mobile device, and redeeming for access the content using a different network device. An existing billing infrastructure may be used during a purchase transaction to identify the purchasing device. Upon billing authorization, a transferable EMM (XEMM) may be sent to the purchasing device. The purchasing device may then provide the XEMM to another network device. The other network device may send the XEMM to a redeeming service when requesting access to the content. Upon authorization, an EMM with an access key to the content may be sent to the other network device.03-07-2013
20130060699METHOD AND SYSTEM FOR DIGITAL DOCUMENT MANAGEMENT ON A MOBILE DEVICE - A method and system are described for tracking a process of provisioning, by a middleware server to a portable device in a mobile payment system, electronic wallet data for authorizing a payment transaction. In an embodiment, a user request for a payment account product is transmitted by the portable device to the middleware server. In response, the middleware server initiates a provisioning process for the requested payment account product, including storing status data indicative of an initiated state of the provisioning process. The middleware server then transmits a digital document to the portable device, including information that must be viewed by the user, and updates the status data indicative of a transmitted state of the digital document. In response to receiving an indication that the digital document has been viewed, the middleware server updates the stored status data indicative of a digital document viewed state. The middleware then provisions an electronic wallet data for the requested payment account product to the portable device.03-07-2013
20130060698MANAGING TRANSACTION ACCOUNTS - A transaction account verification system and method are provided. A user computing device transmits an account registration request that includes a selection of an account verification technique. A service provider obtains the request and initiates a set of transactions with an identified financial service provider. The service provider generates at least one verification token reflective of the set of transactions and at least one piece of information associated with the selected account verification technique. The user computing device generates at least one user verification token from user input regarding the set of transactions and at least one piece of information associated with the selected account verification technique. The service provider can verify the transaction account and set transaction thresholds based upon matching verification tokens.03-07-2013
20130060697METHOD AND SYSTEM FOR PERFORMING A TRANSACTION - The disclosure relates to a method and system for performing a transaction that includes providing an image valid only for a determined transaction; displaying the image on a screen of a communication terminal of a first user involved in the determined transaction; recognizing the displayed image through a terminal of a second user involved in the determined transaction; verifying the validity of the recognized image; and once the image has been validated, performing the determined transaction.03-07-2013
20130060696INSTANTANEOUS MERCHANT INFORMATION RETRIEVAL FOR FINANCIAL TRANSACTIONS - A solution to disambiguate ambiguous merchant data in connection with processing a cashless transaction request in a real-time manner. Provided according to the present disclosure are a system and method including a binary-searchable non-transitory computer-readable medium is configure to store a first set of unambiguous merchant identification data having plural data entries therein, each entry corresponding to a merchant. A binary search of the first set of unambiguous merchant identification data is carried out using search keys based upon the ambiguous merchant identification data to determine whether one or more entries of the first set satisfies at least one of a hierarchical second set of partial match criteria for comparing the ambiguous merchant identification data with the first set of unambiguous merchant identification data. An entry of the first set of unambiguous merchant identification data is assigned to correspond with the ambiguous merchant identification data where at least a predetermined number of the second set of partial match criteria are met.03-07-2013
20130060695Computational systems and methods for regulating information flow during interactions - Methods, apparatuses, computer program products, devices and systems are described that carry out accepting at least one request for personal information from a party to a transaction; evaluating the transaction; selecting a persona at least partly based on an evaluation of the transaction, wherein the persona is linked to a unique identifier that is at least partly based on a user's device-identifier data and the user's network-participation data; and presenting the persona in response to the request for personal information.03-07-2013
20130060694UNIFIED ACCOUNT HANDLING SYSTEM - Technologies are generally described for systems and methods effective to create and use a unified charging system in a networking environment. In an example, a virtual charging card can be created and authenticated, and cash and credit accounts can be associated with the virtual charging card, and billing accounts can also be associated. In another example, the virtual charging card can be used to transfer money from affiliated cash and credit accounts to selected billing accounts, or other virtual charging cards, while anonymizing the transfer process. In another example, the virtual charging card can be used to schedule automatic payments for utility bills, loan repayments, and charitable accounts.03-07-2013
20130060693UNIFIED CHARGING SYSTEM - Technologies are generally described for systems and methods effective to create and use a unified charging system in a networking environment. In an example, a virtual charging card can be created and authenticated, and cash and credit accounts can be associated with the virtual charging card, and billing accounts can also be associated. In another example, a virtual charging card can be initialized when checking out at a shopping portal, and display a list of cash and credit accounts affiliated with the virtual charging card. One or more of the cash and credit accounts can be selected, and payment transferred to the shopping portal via the virtual charging card, masking the identity of the owner of the cash and credit accounts.03-07-2013
20130060692Access Control for a Financial Account - According to some embodiments, a system comprises an interface and one or more processors. The interface receives a request for a transaction from a user of a financial account. The processor(s) determine, based on a user identifier, whether the user corresponds to an administrator, a primary user, or a contributor. The administrator is authorized to configure rules for the financial account and to conduct deposit transactions, withdrawal transactions, and view transactions. The primary user is authorized to conduct at least one of the following types of transactions according to the rules: the deposit transactions, the withdrawal transaction, and the view transactions. The contributor is authorized to conduct at least one of the following types of transactions according to the rules: the deposit transactions and the view transactions. The processor(s) process the transaction according to the rules associated with the user requesting the transaction.03-07-2013
20130060691Location-Based Rules for a Financial Account - According to some embodiments, a system comprises an interface and one or more processors. The interface receives a request for a transaction from a primary user of a financial account. The processor(s) determine rules associated with the primary user. The rules indicate whether an administrator has authorized the primary user to make the transaction, and at least one of the rules includes comparing a location associated with the request to one or more approved locations from which the primary user is authorized to make the transaction. The processor(s) process the transaction according to the rules.03-07-2013
20120310835METHOD AND APPARATUS FOR CONTACTLESS PAYMENT AUTHENTICATION - The present disclosure relates generally to the authentication of contactless payments attempted by a device having embedded contactless payment functionality. In particular, the disclosure is directed to systems and methods that utilize authentication schemes that already exist on a device in which the contactless payment functionality is embedded. One example of such authentication schemes is the use of password protection to lock or unlock the device in which the contactless payment functionality is embedded. Using the password protection functionality may provide varying levels of authentication protection based on the desires of the user. A number of exemplary uses of such a method and apparatus are disclosed herein.12-06-2012
20120310833System and method for facilitating large scale payment transactions - A system and method of payment of an end-user account with a service provider includes a computer system that makes payments to service providers on behalf of end-users and that is operable to exchange information with a terminal at the point of sale or a web-enabled computer system operated by the end-user and with the computer system of the service provider. In one embodiment, the computer system of an intermediary receives and fulfills a request to make a payment on an end user's account with a service provider. In another preferred embodiment, a payment router together with an issuing/sponsoring bank and a processor, as implemented by their computer systems, facilitate payment transactions in which the router transacts at least thousands of payments for at least hundreds of payors with at least dozens of payees using at least one open system card association network, preferably in a day.12-06-2012
20090055319Novel card-less, name-less, number-less, and paper-less method and system of highly secure completely anonymous customer-merchant transactions - In this novel method the online authentication of an authorized user is accomplished without transmitting any of the user's personal information over the public or private networks. The method is so versatile that it can be deployed not only for conducting online financial transactions, but any conceivable form of virtual and physical authentication of a user, such as physical access to a locked facility, ticket less travel, driver's license or passport verification. Since the personal user information is never revealed or transmitted through the networks the method secures the transaction from online frauds without the need for data encryption.02-26-2009
20090271316Mailing kiosk with safeguards and methods of use - A self service kiosk for mailing prohibited items from TSA checkpoints has the following features: an easy-to-touch screen, full computerization, visual and auditory prompts, clearly displayed shipping options, an automatically calculated price, an instantly-produced address/postage label and payment receipt, secure credit card processing, daily emptying by the USPS, transaction logging and cumulative accounting reports, built in communications and UPS backup, built in security features, built in slot for mail acceptance, provision of US Priority and Express Mail service, and a heavy duty plate steel vault for security.10-29-2009
20090063345System and Method for Facilitating a Financial Transaction with a Dynamically Generated Identifier - Instead of a PIN which is associated with an account and provides access to an account, a dynamically generated card identifier (dynamic CID) is used to verify that the consumer currently possesses the transaction card at the time of purchase and/or is the true card owner. At the time of purchase, a token generates a dynamic CID, which changes with each transaction. A consumer enters the dynamic CID into a pre-existing CID field in an electronic order form. The merchant then sends the dynamic CID to a card authorization system within an authorization request. The card authorization system issues a response to a merchant system via a pre-existing authorization message indicating that the transaction card and dynamic CID have been validated, thereby adjusting the fraud risk associated with the transaction.03-05-2009
20120226614Group Electronic Purchase - Payment for a purchase is facilitated wherein members of a group contribute to the payment. A memory can store account information for a plurality of contributing users and for a purchasing user. A processor can be operable to receive a communication indicating an agreement of each of the contributing users to participate in a group purchase transaction. The participation can include transferring money from the contributing users to the purchasing user. The processor can be further operable to access accounts of the contributing users and the purchasing user, transfer money from the accounts of the contributing users into the account of the purchasing user, and authorize the group purchase transaction with a merchant for the purchasing user. In this manner, a more expensive item may be purchased, such as for a gift, than may be purchase by an individual member of the group.09-06-2012
20120226613SYSTEMS AND METHODS FOR ADAPTIVE IDENTIFICATION OF SOURCES OF FRAUD - A fraud detection engine is provided that analyzes transactions for fraudulent transactions. The transactions may include credit card or debit card transactions. The fraud detection engine may identify possible sources of fraud. The fraud detection engine may identify possible phony acceptors that masquerade as genuine merchants. The fraud detection engine may identify compromising points where accounts become compromised and are prone to fraudulent transactions thereafter. The fraud detection engine may receive and analyze transaction data in real-time or in batch mode. The fraud detection engine may use fuzzy logic. The fraud detection engine may use artificial intelligence such as case-based reasoning or business rules.09-06-2012
20120226612SYSTEM AND METHOD FOR PROCESSING AN ON-LINE TRANSACTION - A system and method for processing an order from a user. The system comprises an entry field displayed on a user's computer operable to receive a single code string having first and second portions and a transaction processor circuit in communication with the user's computer being configured to capture a single code string inputted by the user into the entry field and to separate the single code string into the first portion and the second portion and a database containing a plurality user's account each having a corresponding password. The method comprises, at the transaction processor circuit, separating the single code string into first and second portions, confirming that the first portion corresponds to a user's account, authenticating the identity of the user by comparing the second portion to a password corresponding to the user's account and causing a status code to be displayed on the user's display.09-06-2012
20120226611METHOD AND SYSTEM FOR CONDUCTING A MONETARY TRANSACTION USING A MOBILE COMMUNICATION DEVICE - A method and system for facilitating a secure monetary transaction by using a mobile communication device. In one aspect, the present invention provides a convenient and secure mechanism for conducting a monetary transaction by using OpenID, Open Authorization, and information residing on the SIM token of the mobile device to facilitate the transaction.09-06-2012
20130066783METHOD FOR PRODUCING A TRANSACTION SIGNAL - A method for generating a transaction signal using a first device and a second device includes generating first information dependent on a user-selected amount, transmitting the first information to a verification device and generating therefrom a signal, generating based on the first information with the verification device first verification information, transmitting the signal from the verification device to the first device where the signal is converted into a two-dimensional representation for display on the first device, recording the two-dimensional representation on the display of the first device with a camera of a second device and generating a recording signal, transmitting with the second device the recording signal, or other information dependent on the recording signal, to the verification device for generating second verification information, and generating the transaction signal when a comparison between the first verification information and the second verification information produces a predetermined result.03-14-2013
20130066778Systems and Methods for Pre-Authorized Money Transfer Transactions - Methods and systems which allow one or more money transfer transactions to be implemented in a manner which provides additional certainty to a receiving party are provided. In one embodiment, a money transfer service authorizes a sender to transfer up to a certain amount of money. With this authorization, a money transfer transaction regiment is established, while the money transfer service maintains an accounting of the balance to insure that the balance remains below the pre-determined authorized amount. In another embodiment, a money transfer services utilizes reliability criteria to authorize a sender to transfer money with the money and service charge being collected after the transfer is completed.03-14-2013
20130066780METHOD AND SYSTEM FOR FUNDING A FINANCIAL ACCOUNT - A system for generating and processing an electronic funding application is disclosed. The system includes a memory storing instructions and a processor configured to execute the instructions to transmit the electronic funding application to a client and enter financial data into the funding application. The financial data includes a magnetic ink character recognition (MICR) line, a currency amount, and an account identifier. The instructions further transmit the financial data to a server, validate at least a portion of the financial data by comparing a portion of the financial data to data representing valid demand deposit accounts, convert the MICR line to an item compatible with an automated clearing house (ACH) network, and submit the item and the currency amount to the ACH network. The currency amount is transferred from the demand deposit account of the customer to the financial account of the customer.03-14-2013
20130066779System and Method for Issuing Negotiable Instruments by Licensed Money Transmitter from Direct Deposits - Anonymous transactions regarding prepaid negotiable instruments may be conducted. An anonymous account may be provided that is identified by an account number. Upon verification of a PIN and the account number, an individual is authorized to make an initial deposit of funds into the anonymous account, representing a pre-payment for negotiable instruments. The individual is thus authorized to request the issuance of negotiable instruments in an amount not exceeding the initial deposit of funds. When the issuance of negotiable instruments has depleted the initial deposit of funds, the anonymous account is closed. However, the anonymous account may be converted into a non-anonymous account, capable of accepting subsequent deposits, if the individual provides personal identifying information. While an anonymous account is not authorized to accept direct deposits of funds, the non-anonymous account may be linked to a traditional bank account, via a communications link, to indirectly offer direct deposit capabilities.03-14-2013
20130066781ENCRYPTION SWITCH PROCESSING - A method for delivering non-financial electronic data through a secure communications channel between a payment processing network and an access device is disclosed. One embodiment of the invention is directed to a method comprising receiving, at a payment processing network, a request to establish a secure communications channel between a consumer device and the payment processing network. Upon establishing a secure communications channel with the consumer device, the payment processor network receives non-financial electronic content from a merchant at the payment processing network where the non-financial electronic content is selected at the merchant by a user associated with the consumer device. The non-financial electronic content is sent to the consumer device from the payment processing network via the secure communications channel between the consumer device and the payment processing network.03-14-2013
20130066782Wireless Mobile Communicator for Contactless Payment on Account Read from Removable Card - A wireless mobile communications apparatus reads removable cards and can communicate an account corresponding to the removable card in order to conduct a wireless transaction with a merchant on the account with the wireless mobile communications apparatus. A total currency amount for the transaction, and remaining balance in the account after the transaction, can be displayed on a display screen of the wireless mobile communications apparatus. The removable card can be a gift card bearing a magnetic strip having an identifier for the account encoded thereto that will be read when inserted into the wireless mobile communications apparatus which can be a cellular telephone or Web enabled portable device. The magnetic strip gift card can be substantially composed of paper so as to be intended for disposable after use.03-14-2013
20100114776ONLINE CHALLENGE-RESPONSE - Embodiments of the invention enable cardholders conducting an online transaction to be authenticated in real-time using a challenge-response application. The challenge-response application can be administered by an issuer or by a third party on-behalf-of an issuer. A challenge question can be presented to the cardholder, and the cardholder's response can be verified. The challenge question presented can be selected based on an analysis of the risk of the transaction and potentially other factors. A variety of dynamic challenge questions can be used without the need for the cardholder to enroll into the program. Additionally, there are many flexible implementation options of the challenge-response application that can be adjusted based on factors such as the location of the merchant or the location of the consumer.05-06-2010
20120116975SYSTEM AND METHOD UTILIZING DEVICE INFORMATION - A method for correlating information received directly from an access device operated by a user, and information from a merchant server is disclosed. The method includes receiving, at a server computer of a non-merchant entity, device information specifically associated with an access device directly from the access device, and also receiving, at the server computer of the non-merchant entity, transaction information from a merchant server. The server computer then correlates and collected information and can perform additional processing.05-10-2012
20120116974SYSTEMS AND METHODS FOR RISK TRIGGERING VALUES - Systems and methods for facilitating risk assessment for point of sale transactions utilizing at least one risk triggering value (RTV) is disclosed. An RTV is a condensed version of a set of complex risk data and strategies usually found in central processing sites. After receiving a request for payment authorization, a risk value is calculated for the request. The distributed processing site compares the risk value to the RTV to determine whether to authorize payment. If the risk value is less than or equal to the RTV, the payment is authorized while a risk value greater than the RTV will not be authorized. The central site calculates a new RTV for the account and distributes the new RTV to the distributed processing site.05-10-2012
20120116973Online payment system and method - System, method, and computer program product are provided for a user to send and receive P2P payments using the Internet. Through the use of a network, a user may access accounts the user has at a financial institution and direct payments to other individuals or entities using the other individuals or entities alias. In this way, the user may ensure a secure payment to a third-party through the network associated with a financial institution. The payments may be directed to individuals the user may input into the system by providing the user's alias. A user's alias may be a unique identifier of the user and tied to a financial account of that user. In this way, the sender of the P2P payments may input the recipient's alias and transfer funds via the P2P payment system without having to input the recipient's account information.05-10-2012
20120116971PROCESSING LOAN TRANSACTIONS - A method includes receiving, at a client access module, a request from a client to process a loan transaction, wherein the request is associated with a particular loan system. The method also includes determining, by a processor, the particular loan system associated with the request, determining one or more rules associated with the request and a selected one of the client access module and the particular loan system, and applying, by the processor, the one or more determined rules to the request using the account information.05-10-2012
20120116970REMITTANCE SYSTEM WITH IMPROVED SERVICE FOR UNBANKED INDIVIDUALS - A service provider computer receives a request for a transfer of funds from a sender to a recipient. The service provider computer makes a data record about the transaction available to a receiving financial institution. The receiving financial institution receives a visit from the recipient, issues a new payment card account to the recipient, and communicates the account number for the new account to the service provider computer. The service provider computer initiates a payment transaction in a payment card system to route the requested funds transfer from a payment card account belonging to the sender to the newly issued payment card account for the recipient.05-10-2012
20090259590Vending System - A vending system server for a vending system for selling products or services, from at least one vending machine connected to a network, to purchasers having mobile communicators configured to communicate with the network by wireless data packet network connection, comprises an operator server, connected to the network by an operator network connection, wherein the operator server is configured to (1) receive via the operator network connection a communication from a mobile communicator of identifying data of a vending machine at which the mobile communicator is located, without receiving personal identification information from the mobile communicator, (2) transmit, via the operator network connection to the mobile communicator, vending machine identification information, (3) receive, via the operator network connection, authorization information from an external authorization center, and (4) authorize the vending machine to supply a good or service in response to the authorization information.10-15-2009
20130166448FINANCIAL TRANSFERS FROM MOBILE DEVICES - Computer-implemented systems, methods, and computer-readable media for financial transfers from a mobile device, comprising: receiving a mobile device identifier, a unique user identifier, a merchant identifier, and an amount from a mobile device; determining whether the transaction is authorized based on the mobile device identifier and the unique user identifier; transmitting an authorization failure message to at least one of the mobile device and a merchant device associated with the merchant identifier if it is determined that the transaction is not authorized; and transmitting to a payment gateway an account identifier associated with the unique user identifier and mobile device identifier, the merchant identifier, and the amount if it is determined that the transaction is authorized.06-27-2013
20130166453VIRTUAL TRAVELER'S CHECK - A purchase computer is used to make a purchase request including purchasing customer identification information and a request for one or more virtual traveler's checks. Each of the one or more virtual traveler's checks has a denomination. A server receives the purchase request and issues a check number for each of the one or more virtual traveler's checks and associates the check numbers with the purchasing customer identification information. A redemption computer is used to make a redemption request. The redemption request includes redeeming customer identification information and a request to redeem at least one of the one or more virtual traveler's checks. The server approves release of funds at the redemption computer in an amount equal to the denominations of the requested virtual traveler's checks if the redeeming customer identification information matches the purchasing customer identification information.06-27-2013
20130166446TRANSACTIONAL SERVICES PLATFORM - One or more devices within a transaction services hub receive, via an internal distribution network interface, configuration settings for a network connection between merchant devices and a host device and establish, based on the configuration settings, a virtual private network (VPN) session between the one or more devices within the transaction services hub and the host device. The one or more devices receive, from a first merchant device, a first transaction authorization request originating via a voice network and receive, from second merchant transaction device, a second transaction authorization request originating via an Internet Protocol network. The one or more devices route, via the VPN session, the first and the second transaction authorization requests to the host device, collect data regarding the first and the second transaction authorization requests, and provide, via a public network connection, an interface to retrieve reports based on the collected data.06-27-2013
20130166447GATEWAY APPLICATIONS FOR TRANSACTION SERVICES - A method may include receiving a first message from a transaction device via an intermediate component, the first message requesting an authorization or a settlement of a transaction. The method may also include emulating a customer host device based on a first portion of the first message, generating a second message via the emulation, and routing the second message via a persistent socket that forms a communication link with the customer host device. The second message may request a component on the customer host device to authorize the transaction or to settle the transaction.06-27-2013
20130166449APPARATUS AND METHOD FOR AUTHORIZATION OF ONLINE FINANCIAL TRANSACTION - A method and an apparatus for authorizing online financial transactions are provided. The apparatus for authorizing online financial transactions includes: randomly selecting, using an apparatus for authorizing online financial transactions, a portion of main transaction information corresponding to a user and combining the selected information to create authorization information; converting the authorization information into a form displayed to the user through a specific process; providing the main transaction information and the converted authorization information to the user; receiving user select information, which is recognized by the user and is part of the main transaction information, and the converted authorization information provided to the user; and comparing the user select information with the authorization information and determining whether the user recognizes the authorization information based on the comparison results.06-27-2013
20130166450Identity Verification System Using Network Initiated USSD - The invention provides a method and means of authenticating a user in a communications session (such as an on-line payment) on a first communications channel (such as the Internet 06-27-2013
20130166451PAYMENT METHOD AND SYSTEM USING ELECTRONIC CARD - A method and a system of payment using an electronic card is provided. The payment system in accordance with an exemplary embodiment includes an electronic card, a merchant terminal and a payment server. The electronic card obtains server authentication information from the payment server, performs server authentication by using the obtained server authentication information, and sends a payment request including payment information to the payment server according to an authentication response of the payment server. The merchant terminal mediates a message for authentication and payment between the electronic card and the payment server. The payment server performs client authentication by obtaining client authentication information from the electronic card according to the server authentication and sends the authentication response to the electronic card, and sends payment approval pursuant to the payment request to the electronic card through the merchant terminal.06-27-2013
20130166452PAYMENT APPARATUS AND METHOD USING PORTABLE TERMINAL IN BROADCASTING RECEIVER - A method of operating a broadcasting receiver for payment. The method includes extracting an identifier code that is being displayed, receiving payment information matching to the identifier code from a portable terminal, and combining information extracted from the identifier code with the payment information and requesting payment approval to a payment service provider.06-27-2013
20130166454RECEIVER DRIVEN MONEY TRANSFER ALERT SYSTEM - A method for performing a money transfer initiated by a receiver of the money transfer, wherein the method includes receiving a money transfer initiation request from the receiver and the money transfer initiation request includes an amount of funds to be transferred, receiver information, and sender information. The method also includes staging a money transfer transaction after receiving the money transfer initiation request, wherein the money transfer transaction is pending an authorization by the sender to fund the money transfer. The method further includes providing the sender with a notification of the money transfer transaction, receiving the authorization to fund the money transfer transaction, and executing the money transfer to transfer the funds from the sender to the receiver.06-27-2013
20080262967Information processing method and device thereby - An information processing method, includes steps of detecting a use range set for one of digital money expressed in digital data and a use right of the digital money, and a use status of one of the digital money and the digital money right when one of the digital money and the digital money use right is used, determining whether the use status falls within the use range, and permitting the use of one of the digital money and the digital money use right if the use status falls within the use range or not permitting the use of one of the digital money and the digital money use right if the use status falls out of the use range.10-23-2008
20080294558PORTABLE ELECTRONIC APPLIANCE, DATA PROCESSOR, DATA COMMUNICATION SYSTEM, COMPUTER PROGRAM, DATA PROCESSING METHOD - Aimed at providing a portable electronic appliance and a data processor capable of preventing stealing of electricity, a mobile phone terminal, which is a portable electronic appliance of the present invention supplied with electric power from the specific commercial power source, is brought into functional interruption by a data processor, the data processor executes account settlement of supplied power while keeping the mobile phone terminal in functional interruption, and upon completion of the account settlement, the data processor unlocks the functional interruption of the mobile phone terminal, so that an authorized contractor of the commercial power source is prevented from being unreasonably charged with power rate charged up in the mobile phone terminal, and stealing of electricity by the user of the mobile phone terminal may be avoidable.11-27-2008
20080294557Data Processing System And Method - A method of authenticating a transaction, comprising providing details of a card to a merchant; providing transaction identifying information to a data processing device; and sending the transaction identifying information to a third party using the data processing device.11-27-2008
20080294556MOBILE COMMERCE SERVICE - A payment system processes payments so that vendors and consumer may have an increased degree of confidence as to the security of the transaction. More precisely, a consumer enters a messaging address through which the user may receive communications on a wireless device using a vendor point of sale system. The consumer identifies goods for purchase and the vendor generates a transaction total for the identified goods. The consumer's messaging address is received and a transaction request is received at an intermediary server operated by a wireless carrier. The transaction request is presented to the consumer in a display on the wireless device. The consumer uses the wireless device to authorize the transaction request and transmits the authorization to the intermediary server. The intermediary server receives the authorization and transfers, based on receiving the authorization, resources to the vendor to pay the transaction amount.11-27-2008
20110035320System And Method For Validating A Relationship Between A User And A User Account At A Financial Institution - A system and method for validating a relationship between a user and a user account at a financial institution includes a data communication device, a memory, a processor coupled to the memory, and an account validation module executable by the processor. The account validation module generates a verification identifier for storage in the memory and is provided to the user, and subsequently receives a user initiated financial transaction involving the user account at the financial institution. The received financial transaction includes a comparison identifier supplied by the user. The account validation module determines whether the comparison identifier corresponds to the verification identifier for purposes of validating the relationship between the user and the user account maintained at the financial institution.02-10-2011
20120143762METHOD OF MANAGING FRANCHISES USING CREDIT-CARD PAYMENT SYSTEM - A franchises managing credit-card payment system method includes inputting franchise customer goods selection or service use statement to a franchise client to calculate estimated payment amount, inputting customer member information to franchise client, and transmitting member information to a head office customer information server to request member authentication; receiving a customer member authentication request signal, authentication processing the information, and transmitting the authentication result to the franchise client; inputting estimated payment amount credit-card payment information to the franchise client, requesting a card company for payment approval, and receiving approval information; outputting satisfaction survey selection items for franchise service provided through a sign pad connected to the franchise client; analyzing customer satisfaction evaluation information for the franchise according to the selection items, and storing the resultant satisfaction evaluation information in a customer information server database; and switching the sign pad to a digital signature screen.06-07-2012
20110137796PAYMENT MESSAGE ROUTING USING GEO-LOCATION - Methods and system for enabling safe and efficient money transfer between a sender and a beneficiary are provided. The method includes communicating with a beneficiary's mobile device to ascertain the beneficiary's current geo-location. Based on the geo-location and funds at hand, one or more receiving agents are selected to fulfill the transfer. The beneficiary is offered a choice of agents and the selected agent is provided with the money transfer details to complete the transfer.06-09-2011
20120310832PAYMENT TRANSACTION USING MOBILE PHONE AS RELAY - Systems and methods of conducting a payment transaction using a mobile phone as a relay. The systems and methods receive transaction information associated with a transaction at a mobile communication device from a merchant. They send the transaction information with the mobile communication device to an issuer associated with the mobile communication device. The issuer thereafter sends an authorization response message to the merchant.12-06-2012
20100094757ELECTRONIC VALUE EXCHANGE USER DEVICE AND THIRD-PARTY DEVICE - A user device for performing an exchange of an electronic value with another user device is provided. The user device includes an agreement unit configured to acquire offer information corresponding to at least a first random number, from another user device, generate a second random number, generate session information, generate agreement object information, generate an electronic signature, and output agreement information including at least the agreement object information, the session information, and the electronic signature. The user device further includes a second confirmation unit and an abort request unit. The second confirmation unit is configured to acquire from another user device, first confirmation information, perform a verification on a predetermined verification item, and output second confirmation information. The abort request unit is configured to generate an electronic signature and output abort request information.04-15-2010
20110320356CARD TRANSACTION SYSTEM AND METHOD ON ON-LINE AND/OR OFF-LINE - A system and method for allowing a user to have card transactions on-line and/or off-line with a non-rechargeable electronic money card are provided. The card transaction system includes a card issuing unit which allocates a unique card number to each card and sets a card account corresponding to the card number to issue a card; a card adjustment unit which receives transaction details corresponding to the card and adjusts the card account corresponding to the card according to the transaction details; a flag generator with generates a flag; which indicates whether the card can be used, according to the balance of the card account, on the basis of an off-line reference amount set for off-line transactions and an on-line reference amount set for on-line transactions; and a card information transmitter which transmits the flag corresponding to the card. Accordingly, a time gap between an on-line real time transaction and an off-line transaction using batch transmission can be overcome so that network type electronic money can be used for both on-line and off-line transactions.12-29-2011
20130024380Automated Submission of Prepaid Programs - A payment system includes transaction handler that processes transactions, each characterized by a consumer and a merchant engaging in a sales transaction involving a prepaid program having prepaid cards, such as a gift card, that an issuer provides to consumers. A method for establishing a prepaid program includes the issuer remotely accessing a computer system at the transaction handler. The computer system presenting the issuer with a program information form on which the issuer enters requested data. As each data item is entered, the computer system checks for errors, which are identified to and corrected by the issuer in real time. The issuer submits the data as a request to create a prepaid program, which the transaction handler reviews and responds by approving or rejecting creation of the prepaid program. The transaction handler electronically communicates approval or rejection of the prepaid program to the issuer.01-24-2013
20130024379METHOD AND APPARATUS FOR THE TRANSFER OF A MONEY AMOUNT BY USING A TWO DIMENSION IMAGE CODE - The present disclosure concerns a method for transferring a money amount by using a two-dimension image code. It provides that the registration of the transfer parties affected by a managing entity generates a two-dimension image code containing registration and security data. Moreover, the request of the recipient party to the paying party of the money amount occurs by a two-dimension image code generated on the display of a mobile phone of the recipient party; the payment order of the paying party to the managing entity to pay said money amount involves the capture of the two-dimension image code from the display of the recipient party and sending to the managing party an encrypted SMS message including the data, the reception of the encrypted the SMS message by a central server of the managing party, which forwards or not the request of authorization of payment of the money amount.01-24-2013
20130024378METHOD AND SYSTEM FOR FACILITATING PAYMENT TRANSACTIONS USING ACCESS DEVICES - A payment system for facilitating a payment transaction between a payer and a payee is disclosed. The payment system includes an access device, a payee device, and a services hub. The services hub is configured to communicate with the access device and the payee device; and generate a tracer ticket.01-24-2013
20130024376MULTI-STAGE FILTERING FOR FRAUD DETECTION WITH VELOCITY FILTERS - A multi-stage filtering process and system for fraud detection is disclosed. The process includes one or more preliminary filtration stages followed by one or more additional filtration stages that may include velocity filters that provide for enhanced screening for fraudulent activity. Over a plurality of transactions, a portion of the transactions are cleared for processing (e.g., deemed not likely fraudulent or of too low value to continue processing) after each filtration stage. As such, acceptable transactions are not unnecessarily scrutinized.01-24-2013
20130024375MULTI-STAGE FILTERING FOR FRAUD DETECTION - A multi-stage filtering process and system for fraud detection is disclosed. The process includes one or more preliminary filtration stages followed by one or more additional filtration stages that provide for enhanced screening for fraudulent activity. Over a plurality of transactions, a portion of the transactions are cleared for processing or marked as not fraudulent (e.g., deemed not likely fraudulent or of too low a value to continue analyzing) after each filtration stage. As such, acceptable transactions are not unnecessarily scrutinized.01-24-2013
20110282791CUSTOMIZED FINANCIAL TRANSACTION PRICING - Enabling innovative merchant transaction pricing capability, while improving pricing process efficiency, is disclosed. When a merchant submits financial transaction account records to a payment processor for payment, the payment processor utilizes granular transaction data to calculate complex merchant transaction pricing rules. The system accesses individual transaction data, aggregate transaction data, transaction history, customer data, merchant data and product data to enable flexible, innovative and dynamic pricing capabilities that increase revenue and increase customer satisfaction.11-17-2011
20110282789CARD FALSE-POSITIVE PREVENTION - A method for authenticating a transaction is disclosed. The method comprises the steps of: receiving data identifying a region where a transaction is being requested; receiving data identifying a mobile communication device associated with a person requesting the transaction; determining from Location Register (LR) data for the mobile communication device data identifying a region where the mobile communication device is located; comparing the data identifying the region where the transaction is being requested with the data identifying the region where the mobile communication device is located; and authenticating the transaction in dependence on the result of the comparison.11-17-2011
20110282790GLOBAL COMPLIANCE PROCESSING SYSTEM FOR A MONEY TRANSFER SYSTEM - An improved money transfer system includes a rules database, a customer database, and a transaction processing system. The rules database includes information representative of transaction rules, at least some of which include an aggregation threshold. The customer database includes information representative of customers' transaction histories. The transaction processing system is connected to the rules database and customer database and includes point of entry ports, a customer identifier, a rules coordinator, an aggregation engine, and a transaction rules service. The point of entry ports receive transaction requests from points of entry and provide transaction responses to the points of entry. Based on information received in transaction requests, the customer identifier identifies customers and the rules coordinator determines applicable transaction rules. The aggregation engine determines aggregation values as a function of customers' transaction histories. The transaction rules service determines whether information received in the transaction requests meets the applicable transaction rules and causes the aggregation engine to determine aggregation values if the applicable transaction rules include aggregation thresholds. The transaction rules service generates transaction responses based upon the information received in the transaction requests along with any information received in response to any requests for additional information and any aggregation values, and updates the customer database as a function of the transaction.11-17-2011
20110282788Anonymous Electronic Payment System - Systems and methods for autonomous online payments to an individual are described. A request to generate an electronic payment user interface associated with an individual for a transaction to an account associated with an entity is received. One or more individual defined criteria associated with the electronic payment user interface for the transaction is received. An Internet accessible address to the electronic payment user interface is generated. A request input from a payer to access, via the Internet accessible address, the electronic payment user interface associated with the individual is received. An authorization input from the payer to make an electronic payment of monetary funds from an account of the payer to the account of the individual is received, and access by the individual to personally identifiable information of the payer regarding the transaction is prevented.11-17-2011
20110078081MOBILE PAYMENT APPLICATION ARCHITECTURE - A system, apparatus, and method for conducting payment transactions using a mobile device. Embodiments of the invention are directed to an architecture or system design for the functional elements residing in a mobile device that may be used to conduct a payment transaction. The inventive architecture may be implemented as a set of functional modules resident in a secure element that is embedded or otherwise incorporated into the mobile device.03-31-2011
20110137797Server Device for Controlling a Transaction, First Entity and Second Entity - Server device for performing a transaction in a system having a first entity, such as a POS, a second entity, such as a user having a mobile phone with a digital camera, and a remote server. The first entity generates a code having a transaction information and sends a first message to a server. The second entity, such as a buyer of a product or a user of a service captures the code and transmits a second message to the server having information on the transaction extracted from the code. The transaction is only authorized, when the server has determined that the first message and the second message match with each other. The transaction can be a payment transfer, a grant of an access to a service or a grant of an access to an internet portal.06-09-2011
20130024377Methods And Systems For Securing Transactions And Authenticating The Granting Of Permission To Perform Various Functions Over A Network - The present invention relates to a method of restricting access to perform a function over a network. In one variant, the network comprises at least one function server and a vault server, each having a processor and a memory. The vault server has stored within its memory a personal access vault. The personal access vault comprises at least an identifying code and at least one authorization code. The method comprises: transmitting to a function server a request to restrict access to a function; providing to the function server the identifying code of the personal access vault and a series of characters representing the function to the function server; and the function server identifying the function and placing the function in a restricted status; upon the function server placing the function in a restricted status, the function server awaits permission from the vault server prior to performing the function.01-24-2013
20100268648METHODS AND SYSTEMS FOR USING AN INTERFACE AND PROTOCOL EXTENSIONS TO PERFORM A FINANCIAL TRANSACTION - A method for communicating financial transaction data between a plurality of computer devices using an interface module and an enhanced protocol is provided. The transaction is initiated by a cardholder at an input terminal using a transaction card for completing a purchase from a merchant. The method includes receiving at the interface module initial identification (ID) data from a merchant computer wherein the interface module is a computer module separate from the merchant computer, generating a first verification enrollment request (VEReq) message based on the initial ID data that includes at least one of a merchant identifier and an account number, transmitting the first VEReq message, receiving a verification enrollment response (VERes) message affirmatively verifying enrollment of the merchant in an express check out program, and generating at the interface module a payer authentication request (PAReq) message using the enhanced protocol that defines a first set of data field extensions.10-21-2010
20130091059SERVER DEVICE FOR CONTROLLING A TRANSACTION, FIRST ENTITY AND SECOND ENTITY - Server device for performing a transaction in a system having a first entity, such as a POS, a second entity, such as a user having a mobile phone with a digital camera, and a remote server. The first entity generates a code having a transaction information and sends a first message to a server. The second entity, such as a buyer of a product or a user of a service captures the code and transmits a second message to the server having information on the transaction extracted from the code. The transaction is only authorized, when the server has determined that the first message and the second message match with each other. The transaction can be a payment transfer, a grant of an access to a service or a grant of an access to an internet portal.04-11-2013
20130091058Electronic Commerce System - Embodiments of the present invention provide methods, systems, and computer readable storage media to facilitate a transaction in an electronic commerce system. Aspects of the embodiments include receiving a request at a network-connected transaction server to transfer one or more transaction items involving a first user account on the transaction server, selecting a delivery instrument from one or more available delivery instruments associated with the first user account on the transaction server, authorizing the request based at least upon a unique transaction identifier associated with the request and a unique user device identifier associated with a user access device, transferring a quantity of the one or more transaction items into or out of the selected delivery instrument, wherein the quantity is determined at least based upon the authorized request.04-11-2013
20120290482SYSTEM AND METHOD FOR IDENTITY VERIFICATION AND MANAGEMENT - A system for verifying the identity of a user includes an identification score assignment module configured to receive at least one source of identification of the user and to assign an identification score to each of the at least one source of identification. The system includes a total identification score generation module, in communication with the identification score assignment module, configured to generate a total identification score of the user from the identification scores of each of the at least one source of identification and a predetermined function. The total identification score of the user is associated with a level of verification of the identity of the user, and compared to a minimum identification score associated with a transaction. The transaction is performed when the total identification score of the user is greater than or equal to the minimum identification score.11-15-2012
20120290481METHOD FOR CARRYING OUT A TRANSACTION BETWEEN A PORTABLE DATA CARRIER AND A TERMINAL - A method for carrying out a transaction between a portable data carrier, such as a chip card, and a terminal is described. An information item (TID) about the terminal is transferred to the portable data carrier upon the transmission of transaction data by a communication between the portable data carrier and the terminal. As a result, the portable data carrier obtains from the information item a locational position (ZID, WID, GID) of the terminal. Further, there is ascertained a locational position (OP) of the portable data carrier to which the portable data carrier has access. Finally, the portable data carrier compares the locational position (ZID, WID, GID) of the terminal with its locational position (OP), and initiates a measure for protecting the transaction in case a deviation between the two locational positions (ZID, WID, GID; OP) exceeds a predetermined threshold.11-15-2012
20120290479Integration of a Payment Network with Systems of Multiple Participating Banks - A payment system making payments from each payer of a community of payers to each vendor of a community of vendors. The payers are grouped into mutually exclusive sub groups, each being associated with one of a group of participating banks. Upon receipt of a payment instruction file from a bank, including instructions for executing payments from payers in the subgroup associated with the bank to various vendors, the system: i) obtains authorization of a funding amount for each payer; ii) provides a transaction to transfer the funding amount from the payer's account to a pooling account held by the originating bank; and iii) after receipt of the funding amount in the pooling account, provides an EFT file for payment of the vendors. Multiple banks are supported. The vendors are not associated with any particular bank.11-15-2012
20120290478CLOUD ENABLED PAYMENT PROCESSING SYSTEM AND METHOD - A comprehensive platform for processing financial transactions is disclosed. The platform is a cloud based and comprises an application programming interface so that application developers can take advantage of the services provided by the framework. The platform replaces many of the expensive, outdated or inefficient aspects of traditional payment processing methods.11-15-2012
20110288996Automatically Decisioning Transaction Requests - A system and method of automatically decisioning transaction requests is provided. In some examples, a decisioning system may receive customer transaction limit information, as well as current activity information. The system may determine whether a requested transaction is within a first transaction limit. If not, the system may determine whether the requested transaction is within a second transaction limit. If so, one or more business rules may be applied to the requested transaction to determine whether the transaction is approved.11-24-2011
20110288999Deposit Permissions For Specific Non-Account Holders - Systems and methods for permitting a specific individual to deposit monetary funds in an account are described. A first request to permit a specific individual to deposit monetary funds into an account associated with an entity may be received. The specific individual is not an account owner of the account. At least one account owner defined criterion identifying the specific individual is received, and data representing a permission for the specific individual to deposit monetary funds into the account associated with the entity is stored. The at least one criterion may include a name, an address, and/or some other identifier of the specific individual. One or more restrictions may be placed on the ability to deposit monetary funds in the account. Additional specific individuals with similar and/or different restrictions on the ability to deposit may be permitted to deposit monetary funds into the account.11-24-2011
20110289001SYSTEMS AND METHODS FOR MANAGING MULTIPLE ACCOUNTS ON A RF TRANSACTION DEVICE USING SECONDARY IDENTIFICATION INDICIA - Systems and methods are configured to manage data sets associated with a transaction device. For example, a method is provided for facilitating the management of distinct data sets on a transaction device that are provided by distinct data set owners, wherein the distinct data sets may include differing formats. The method includes the steps of: adding, by a read/write, a first data set to the financial transaction device, wherein the first data set is owned by a first owner; adding, by the read/write device, a second data set to the financial transaction device, wherein the second data set is owned by a second owner; and storing the first data set and the second data set on the financial transaction device in accordance with an owner defined format. The first and second data sets are associated with first and second owners, respectively, and are configured to be stored independent of each other. The transaction device user may be permitted to select at least one of the multiple data sets for transaction completion using a secondary identifier indicia. Where the user selects multiple accounts for transaction completion, the user may be permitted to allocate portions of a transaction to the selected transaction accounts. The transaction request may be processed in accordance with the user's allocations.11-24-2011
20110289000METHOD FOR MANAGING ON-LINE COMMERCIAL TRANSACTIONS - Method for managing on-line commercial transactions between a user and a seller of goods/services that interact through respective data processing systems communicating through a data network. The method includes: upon receipt, from a computer system of an institute issuing payment cards, of a request of transaction with debit on the payment card of the user coming from the seller of goods/services, having the computer system of the institute issuing the payment cards preliminarily requesting a confirmation of the transaction to the buyer through a mobile telephony terminal of the buyer, and, in case the confirmation of the transaction is received, having the computer system of the institute issuing the payment cards processing the transaction, whereas in case the confirmation of the transaction is denied, not processing the transaction and informing the seller. Both or one of the request of confirmation of the transaction or the confirmation of the transaction are sent through communication over a data channel with the mobile telephony terminal of the buyer.11-24-2011
20110288998Deposit For Non-Account Holders - Systems and methods for depositing monetary funds into an account are described. A first request from a first individual to deposit monetary funds into an account associated with an entity may be received. The first individual is not an account owner of the account. Monetary funds from the first individual may be received for deposit in the account. The monetary funds may include cash, checks, credit card transfers, and/or debit card transfers. The receipt of the first request may be receipt of a paper ticket with an access code authorizing deposit of monetary funds into the account. One or more restrictions may be reviewed to authorize the deposit of monetary funds in the account.11-24-2011
20110288997SELF-SERVICE TERMINAL - A method of executing a transaction for a user at a self-service terminal is described. The method comprises: (a) sensing a stroke gesture delineated by the user on a touch-sensitive panel; (b) recognizing the delineated stroke gesture; and (c) matching the delineated stroke gesture to one of a plurality of defined transaction strokes, each defined transaction stroke being associated with a specific transaction. The method further comprises (d) executing the specific transaction associated with the matched transaction stroke.11-24-2011
20120130897METHODS AND SYSTEMS FOR PROVIDING A DECISION MAKING PLATFORM - A method for enriching the data associated with financial transaction card transactions using a computer system is described. The method includes receiving financial transaction data from a plurality of input channels, each input channel associated with a financial transaction data format, converting the received financial transaction data into a common data format, enriching the converted financial transaction data by scoring the converted financial transaction data across a plurality of scoring engines, converting the plurality of scores relating to the financial transaction data from the scoring engines into output data, and transmitting the output data using an output manager, the output manager operable to provide the data into a format appropriate for each intended recipient.05-24-2012
20110295748DIGITAL CREDIT CARD - A digital credit card for transactional processes and a method of using the same, where said credit card comprises: a memory for storing data; a processor, where said processor executes functions related to the credit card: an input; an output; and a biometric security, where said biometric security activates the credit card. The memory may include read only memory and random access memory. The biometric security may include fingerprint identification, iris identification or retina identification.12-01-2011
20110295750SECURE PAYMENT AND BILLING METHOD USING MOBILE PHONE NUMBER OR ACCOUNT - A system, method and computer program product for processing payments for goods or services, including a payment processor that receives a payment request from a merchant for goods or services and that includes a mobile phone number or mobile phone account of a user, sends a payment authorization request text message to the mobile phone requesting payment authorization, and receives a payment authorization text message from the mobile phone authorizing or not authorizing the payment. If the payment is authorized, the payment processor pays the merchant and charges the mobile phone account for the payment. If the payment is not authorized or if the payment is not received within a predetermined period of time, the payment processor declines to pay the merchant for the goods or services.12-01-2011
20110295749SYSTEMS AND METHODS FOR FUNDRAISING VIA MOBILE APPLICATIONS - The present application is directed to methods and systems of facilitating a transfer of donation money from individuals to charitable organizations. The transfer of money occurs through a first transfer of money from at least one mobile phone carrier to a facilitating organization and through a second transfer of money from the facilitating organization to the charitable organization. The facilitating organization enables the money transfer by transmitting web-based and mobile phone communications regarding donations on behalf of charitable organizations and enabling individuals to respond to such communications and communicate donation solicitations to other individuals.12-01-2011
20090048973System for making funds available for gaming - A system for making funds available for gaming which includes a terminal which is configured to read customer information from a card. The terminal includes an input/output unit configured to allow the customer to select a quasi-cash transaction and to generate an order authorizing the quasi-cash transaction. The system also includes a station which is configured to retrieve the order and information verifying the identity of the customer and, when the identity of the customer is verified, is configured to, at the customer's option (1) obtain an electronic endorsement from the customer and place the electronic endorsement in an electronic image or (2) print out a hard copy of a check for endorsement by the customer.02-19-2009
20090281947METHOD AND SYSTEM FOR MOBILE COMMERCE - An authorization subscriber identification module card, including: (a) a subscriber identification module chip; and (b) a near field communication chip, connected to the subscriber identification module chip, wherein the near field communication chip is adapted to update a balance value in a memory of the authorization subscriber identification module card in response to balance updating information, and to transmit a near field communication confirmation transmission to an external system; wherein the authorization subscriber identification module card is further adapted to provide identification information to a charging authority server; to receive a balance updating information from the charging authority server; and to update the balance value in response to charging information.11-12-2009
20110302086System & Method for Unique Digital Asset Identification and Transaction Management - Digital assets are tracked through the use of digital serial numbers. Systems equipped with the present invention can uniquely identify copies of assets within it. Assets that originate within the system can be uniquely identified even outside the system. The transaction history can be traced by looking up the transaction history associated with an assets' serial number. The serial number applied to an asset is unique to each transaction and can be applied at the time a copy is made. Database entries are created that link each unique serial number to aspects of the transaction. Each serial number can reference details about a particular transaction such as parties involved, date and time of copy, ownership, terms of use, and payment terms.12-08-2011
20110302085METHODS AND SYSTEMS FOR VERIFYING CUSTOMER SUPPLIED FINANCIAL ACCOUNT INFORMATION USING DEBIT AND CREDIT TRANSACTIONS - Embodiment of the invention describe methods and systems for verifying customer supplied financial account information verification using debit and credit transactions. These methods include electronically transmitting an electronic debit and credit transaction to the customer financial account, based on the customer supplied financial account information. The method also includes electronically transmitting a first statement descriptor, as part of at least one of the electronic debit transaction and the electronic credit transaction, that includes a first verification code. The method also includes electronically receiving, from the customer, a second verification code, and comparing, by the computer system, the transmitted first verification code with the received second verification code with respect to each other. The method also includes verifying, by the computer system, the customer supplied financial account information based on the comparison of the verification codes.12-08-2011
20110302084SYSTEM AND METHOD FOR IMMEDIATE REPLACEMENT OF LOST OR STOLEN CREDIT CARDS/DEBIT CARDS - A method and system for providing uninterrupted access to a credit or debit card account with: 12-08-2011
20110302083METHOD AND SYSTEM FOR CONTROLLING ACCESS TO A FINANCIAL ACCOUNT - A computer implemented system and method for controlling access to a financial account, the system comprising: one or more memories for storing information and at least one set of instructions, and one or more processors for receiving the financial account information at an access terminal, wherein the access terminal collects access data; identifying a destination account from the financial account information; sending an authorization request to a mobile device linked to the destination account, wherein the authorization request comprises a variable amount of the access data; receiving a response to the authorization request from the mobile device; and controlling access to the financial account at the access terminal based on the response. In some embodiments, the system and method may be further configured to store the response in the destination account. In other embodiments, the financial account is used for payment in a sales transaction, and the access is a request for payment from the financial account.12-08-2011
20090070263PEER TO PEER FUND TRANSFER - Systems and methods that facilitate using a first mobile device to initiate a funds transfer to a second device. One mobile to consumer payment embodiment allows a person enter into a store and pay for that person's purchases using that person's cell phone. Other mobile consumer payment embodiments include strictly consumer-to-consumer transactions, for example, but not limited to, the idea that a person can go to a garage sale and purchase from the garage sale seller by using a cell phone. Put broadly one peer-to-peer payment embodiment includes the ability for somebody to be able to send a payment to another person whenever and wherever.03-12-2009
20120066133AUTHORIZATION REFRESH SYSTEM AND METHOD - Limited use account identifiers or secondary account identifiers are enabled with refresh capability. The refreshable account identifiers are used in financial transactions and, specifically, in transaction situations where multiple and/or duplicate authorization requests occur for the same or related transactions. An authorization refresh may occur if a settlement request is received for a transaction. The limited use account identifiers may be used by intermediaries that coordinate the purchase of an item for a buyer.03-15-2012
20120066130DATA AUTHENTICATION AND PROVISIONING METHOD AND SYSTEM - Techniques for authenticating the identity and validating the profile of an individual (“a presenter”) who presents him or herself to another party (“an acceptor”) as having a certain identity and having certain corresponding profile data are described. The invention can be advantageously used in Internet transactions where such authentication and validation is difficult to perform. The techniques of the present invention allow the trusted party to give a definitive answer regarding the authentication of identity and validity of profile data. Other services such as profile data provisioning and profile data updating can also be performed.03-15-2012
20120066129DATA AUTHENTICATION AND PROVISIONING METHOD AND SYSTEM - Techniques for authenticating the identity and validating the profile of an individual (“a presenter”) who presents him or herself to another party (“an acceptor”) as having a certain identity and having certain corresponding profile data are described. The invention can be advantageously used in Internet transactions where such authentication and validation is difficult to perform. The techniques of the present invention allow the trusted party to give a definitive answer regarding the authentication of identity and validity of profile data. Other services such as profile data provisioning and profile data updating can also be performed.03-15-2012
20090287607Method and Apparatus for Verifying the Legitimacy of a Financial Instrument - An apparatus and method for verifying the legitimacy of a financial instrument used by a shopper is disclosed. A seller accepts details about goods and services to be delivered, and information about a financial instrument to be used in a purchase by a shopper. Identifier information is send to a financial institution issuing the instrument. The legitimate user of the instrument must access the instruments issuer's database to obtain the identifier information and derive verification information needed to answer a question posed by the seller. If the shopper can prove possession of the verification information then the goods are shipped or delivered to the shopper and payment is settled. The questions used to prove the shopper has the verification information may come in a variety of forms such as simple math equations, anagrams, or word to symbol matching problems. In each case, the answer may be chosen from a set of displayed results via a computer network thereby eliminating the need for typing by the owner/shopper.11-19-2009
20110270759SYSTEM AND METHOD FOR GENERATING AN UNPREDICTABLE NUMBER USING A SEEDED ALGORITHM - A random number generating algorithm is seeded with an unpredictable number. The seed value is computed by subjecting variable data to a Secure Hashing Algorithm, and truncating the right most, or left most, 16 bytes from the message digest generated. The algorithm generates the unpredictable number by using the seed value as a counter value in the random number generator, and performing a data encryption standard operation. In one exemplary embodiment, the unpredictable number is modified to a predetermined maximum unpredictable number value as determined by the sender and receiver of the unpredictable number.11-03-2011
20090164373System and Method of Preventing Password Theft - A method and system for securely accessing an account using a security device that includes: (1) receiving a request via a payment device for access to an account having account information, wherein the request includes an account number; (2) generating randomly a numeric value; (3) displaying the numeric value; (4) prompting data entry of a combined PIN via the payment device, wherein the combined PIN is a combination of the numeric value and the PIN; (5) uncombining the numeric value from the entered combined PIN to provide an uncombined PIN; (6) comparing the uncombined PIN to the PIN; and (7) permitting access to the account information based on the comparison.06-25-2009
20120191608Method and Apparatus for Regulating Electronic Mail Transmission through Funds Verification - Methods and apparatus for regulating the transmission of electronic mail message are provided. The amount of funds necessary to transmit the electronic mail message to its destination is calculated and the sender's account is queried to ensure sufficient funds exist. If so, the electronic mail message is sent to its destination and the amount of the funds are deducted from the sender's account. If not, the electronic mail message is held and the user is allowed to deposit sufficient funds to allow for delivery. In determining the necessary amount of funds, variables can include the geographic location of the destination and the size of the electronic mail message and its attachments.07-26-2012
20110218913VIRTUAL TRAVELER'S CHECK - The purchase and redemption of virtual traveler's checks is managed. A purchase request is received, which includes purchasing customer identification information and a request for one or more virtual traveler's checks. Each of the one or more virtual traveler's checks has one of a predetermined set of fixed denominations. A check number is issued for each of the one or more virtual traveler's checks. Each check number is associated with the purchasing customer identification information. A redemption request is then received, which includes redeeming customer identification information and a request to redeem at least one of the one or more virtual traveler's checks. The release of funds is approved in an amount equal to the denominations of the requested virtual traveler's checks if the redeeming customer identification information matches the purchasing customer identification information.09-08-2011
20110218917Secure Transfer of Value Via Electronic Stamp - A method of providing for a money transfer over a network includes the steps of: providing a stamp having a face value and a lifespan both indicated on the stamp, the stamp being a string that is a concatenation of two or more fields including the face value and the lifespan, with at least one of the fields calculated according to a prescription involving a hashing or encryption of a concatenation of others of the fields or of some other field not part of the stamp; affixing the stamp to an e-mail; and allowing the recipient of the e-mail to obtain value for the stamp if the stamp is presented to a predetermined entity (such as a stamp issuer) for the stamp value within the lifespan indicated on the stamp. The stamp may comprise a concatenation of a set of fields, including a lifespan, a stamp value; and hash/encryption.09-08-2011
20110218918SYSTEMS AND METHODS FOR PROVIDING ACH TRANSACTION NOTIFICATION AND FACILITATING ACH TRANSACTION DISPUTES - A system and method for identifying incoming ACH transactions involving subscriber accounts at a financial institution, comparing the ACH transaction details with preset notification criteria, suspending any ACH transaction that satisfy the preset criteria so that the transaction does not post to the account, notifying the subscriber of the incoming ACH transaction, providing the subscriber with the option to either authorize or dispute the ACH transaction, and facilitating the dispute process according to applicable banking rules by requesting further information from the subscriber and forwarding the dispute information to the ACH operator.09-08-2011
20110218914CLOSED LOOP STORED VALUE INSTRUMENT BROKERAGE SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT - Embodiments of the present invention provide a method, system and computer program product for a closed loop stored value instrument brokerage. In an embodiment of the invention, a method for brokering a closed loop stored value instrument can include receiving a request in brokerage logic executing in memory by at least one processor of a computer. The request can include a request to broker a payment of a sale price for an item purchased from a selling merchant with a closed loop stored value instrument issued by a separate originating merchant. In response to the receipt of the request, the originating merchant can be directed to debit the closed loop stored value instrument in an amount equivalent to the sale price. Thereafter, payment to the selling merchant can be transferred in an amount less than the sale price.09-08-2011
20090138400Electronic traveler's check - The electronic traveler's check system and method includes an electronic traveler' check card that is usable to retrieve money from point of service locations and banks. The system has a database of user information, such as a pin number and the user's passport number, which is used to verify the identity of the user before a transaction can take place. An emergency credit feature is provided to enable transaction completion when a cardholder's account has insufficient cash funds.05-28-2009
20090024528METHOD AND SYSTEM FOR CHARITABLE FUND RAISING IN CONJUNCTION WITH GAME-OF-CHANCE PARTICIPATION BY DONORS - A method for making a contribution to a charitable organization through a financial transactions device by a participant having an account with a financial institution accessible through the financial transaction device. The method comprising: (a) the participant conducting a financial transaction at the financial transactions device, the financial transaction involving the financial institution; (b) the participant solicited to make a contribution to the charitable organization through the financial transactions device; (c) the participant making the contribution by deduction from the participant's account at the financial institution; (d) crediting the contribution to an account of the charitable organization; (e) soliciting the participant to participate in a game of chance through the financial transactions device; (f) the participant selecting a game entry object or automatically receiving the game entry object; (g) closing participation in the game of chance; (h) selecting a game winning object; (i) comparing the participant's game entry object with the game winning object; (j) declaring the participant to be a winner if there is a predetermined relationship between the game entry object and the game winning object; and (k) crediting a prize amount, if any, to the participant's account.01-22-2009
20090150287System and method for providing supplemental transaction processing services to users of a primary financial services system - A supplemental financial transaction processing system operates in conjunction with one or more primary financial services systems for purposes of providing supplemental financial transaction processing services to users of the primary financial services system. The supplemental financial transaction processing system comprises a secure web services system and a supplemental transaction server. The secure web services system comprises at least one financial transaction method available to the primary financial services system. Upon receipt of a method call for a financial transaction, the supplemental financial transaction processing system: i) associates a unique redirect URL to the method call; and ii) returns the unique redirect URL to the primary financial services system. The primary financial services system may then pass the unique redirect URL through a secure connection with its client. The supplemental transaction server, upon a client requesting an HTTPS connection to the unique redirect URL, verifies the validity of the unique redirect URL. If valid, a web document object is provided for rendering by the client. The web document object comprises: i) the financial institution defined transaction values (at least one); ii) user interface control script for rendering of controls for obtaining user entry of at least one client defined transaction value; and iii) transaction control script. The transaction control script comprises instructions for i) creating a financial transaction; ii) validating the financial transaction; and iii) posting the validated transaction back to the supplemental financial transaction server.06-11-2009
20110270752FRAUD AND EVENTS INTEGRATED MANAGEMENT METHOD AND SYSTEM - “FRAUD AND EVENTS INTEGRATED MANAGEMENT METHOD AND SYSTEM”, comprising information regarding two kinds of systems: Information Technology Security Events Management Systems (IT Security) and Fraud Detection and Prevention Management Systems (Frauds), enabling the investigation, monitoring, and correlation of customer banking transactions via the banking institution's diverse electronic communication channels, with the various security incidents arising from their different IT assets (Internet Banking, automatic teller machines, debit/credit cards, among others), online and in real-time, providing a wide-reaching and flexible approach to combat fraud and treat security information incidents.11-03-2011
20120239574METHODS AND SYSTEMS FOR ELECTRONIC COMMERCE VERIFICATION - A computer system for fraud detection in a payment card transaction system is provided. The computer system is programmed to receive a card transaction authorization request message for a payment card transaction initiated with a merchant that includes a plurality of data elements to be verified and a verification request indicator, determine whether the verification request indicator is valid, transmit the request message and verification request indicator to an issuer associated with the payment card, and receive a card transaction authorization response message from the issuer that includes an issuer authorization decision and a verification indicator associated with each data element verified by the issuer. The verification indicator indicates a status of a verification of the data element with data stored in one or more databases of the issuer. The computer system is further programmed to transmit the card transaction authorization response message to the merchant.09-20-2012
20100268647System and method for securing a credit account - A system and method is disclosed for verifying a commercial transaction between a card-holder, a merchant, and a credit card company. The card-holder makes a purchase with the merchant using a full credit card number. The merchant submits a transaction approval request for approval with the credit card company. The credit card company executes conventional credit approval of the transaction approval request, as well as verifies the transaction approval request with the card-holder. An approval is sent to the merchant only after the transaction approval request is both conventionally approved by the credit card company and verified by the card-holder. The card-holder, or the credit card company, may initiate verification of the transaction approval request. The transaction approval request can also be automatically verified if one or many pre-verification criteria is/are satisfied by data contained in the transaction approval request. The pre-verification criteria can be initially determined and/or modified by the card-holder. As another security feature, the card-holder may selectively activate and deactivate their credit card/account as desired. The credit card itself includes indicia of security measures.10-21-2010
20100268646Electronic Registration And Transaction System - One preferred embodiment provides mobile device based registrations and transactions by providing an aggregator, in the form of a server connected to the internet for collecting and selectively distributing user data. The aggregator may obtain the user data through the mobile network operator, a third party data source (e.g., a credit reporting bureau), or from one-time user input with the aggregator. The user can selectively transmit their user data quickly (e.g., with the selection of a single link) via their mobile device between the aggregator and a third party content provider (e.g., a gambling site, adult content site, banking site, etc.).10-21-2010
20100268645SYSTEMS AND METHODS PROVIDING MULTIPLE ACCOUNT HOLDER FUNCTIONALITY - Embodiments of the invention may relate to systems and methods providing multiple account holder functionality for stored value accounts. In one embodiment, a method may include executing computer program instructions by one or more processors for receiving a request to create a secondary stored value account for a recipient; creating the secondary stored value account for the recipient; and establishing an association between a primary stored value account and the secondary stored value account. The method may further include establishing transaction rules associated with the secondary stored value account. The transaction rules can include funding rules limiting funding of the secondary stored value account to occur from the primary stored value account, and access rules preventing access to account information associated with the secondary stored value account by a primary account holder associated with the primary stored value account.10-21-2010
20100268644DATA SUBMISSION FOR ANTI-FRAUD CONTEXT EVALUATION - Contextual data is gathered about a user's known location and/or about a user's expected location and generates contextual indicators based on at least a portion of the gathered contextual data. The contextual indicators are provided to one or more relying parties, such as an anti-fraud system to allow the anti-fraud system to more effectively determine the validity of transactions associated with the user, such as credit card transactions associated with the user's credit card.10-21-2010
20100114779METHOD AND SYSTEM FOR PROVIDING FLEXIBLE FINANCING - Methods and systems for providing flexible financing are disclosed. In one embodiment, the present invention relates to a business card product with a customer activated credit line extension for accommodating large ticket purchases where the credit line extension may be linked to other business loan/lease products so that balances may be transferred to a customer's preferred financing product (or products). The purchases may be considered secured or unsecured loans/leases that may be capitalized as well as appreciate and depreciate in value. The purchases may include various types of revenue producing property, such as computer, office equipment, office furniture, copiers, farm equipment, and other types of revenue producing property.05-06-2010
20080319906BIOMETRIC IDENTIFICATION DEVICE - The invention is directed towards methods, systems and apparatuses, see FIG. 12-25-2008
20080208749METHOD AND SYSTEM FOR ENABLING COMMERCE USING BRIDGE BETWEEN REAL WORLD AND PROPRIETARY ENVIRONMENTS - A system, apparatus, and method is provided for enabling commerce transactions, and other forms of commercial activity among participants in a gaming or other forms of virtual environment and the real world, or between a participant in one virtual environment and a participant in a second virtual environment, using or taking advantage of the services of an Identity Bridge or Gateway. In particular, a real-time commercial activity system is implemented through user interface interactions, and middle-ware interactions. A financial transaction between the users is facilitated through a third party finance service provider, using proprietary identities of the users. Since the system obtains and verifies the relationship between proprietary and real identities of the users, the financial transaction can be facilitated in a secure and trusted fashion without revealing real identities.08-28-2008
20080208746MANAGEMENT OF FINANCIAL TRANSACTIONS USING DEBIT NETWORKS - Methods and systems are disclosed of enrolling a customer to perform an action. A first piece of information is received at an authentication processor from an over-the-air processor. The first piece of information was provided to the over-the-air processor by the customer from a mobile electronic device. A second piece of information is received at the authentication processor from a server different from the over-the-air processor. The second piece of information was provided to the server by the customer. The first and second pieces of information are associated by the authentication processor to enroll the customer.08-28-2008
20080208747Method for restricting a use of a credit or debit card - A method for restricting a use of a credit or debit card when buying an item, comprising an allocation to said card of an identifier and associated therewith a series of restrictions relating to a buying behaviour, said series of restrictions being stored within an item restrictions database, remote from a point of sale where said item is sold, and wherein when a holder of said card offers said card for payment purpose of said item to be bought, there is checked whether at least one of said restrictions would form an obstacle for paying said item by using said card, and, if at least one of said restrictions would form such an obstacle, said payment by using said card being declined, and wherein upon each payment with said card, said series of restrictions being downloaded from said item restriction database and temporarily stored into a data processing system of said point of sale, said checking being performed by said data processing system of said point of sale.08-28-2008
20120109821SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT FOR REAL-TIME ONLINE TRANSACTION RISK AND FRAUD ANALYTICS AND MANAGEMENT - Embodiments disclosed herein provide a behavioral based solution to user identity validation, useful in real-time detection of abnormal activity while a user is engaged in an online transaction with a financial institution. A risk modeling system may run two distinct environments: one to train machine learning algorithms to produce classification objects and another to score user activities in real-time using these classification objects. In both environments, activity data collected on a particular user is mapped to various behavioral models to produce atomic elements that can be scored. Classifiers may be dynamically updated in response to new behavioral activities. Example user activities may include login, transactional, and traverse. In some embodiments, depending upon configurable settings with respect to sensitivity and/or specificity, detection of an abnormal activity or activities may not trigger a flag-and-notify unless an attempt is made to move or transfer money.05-03-2012
20120036073INTELLIGENT ESTIMATES IN AUTHORIZATION - Techniques for providing an intelligent estimated amount for authorization include receiving a request to calculate an estimated amount for a transaction where the final amount is not known at the time of authorization. A payment processing network calculates the estimated amount based on several factors associated with the transaction and provides the estimated amount to an issuer for authorization.02-09-2012
20120036072Transport Logistics Systems and Methods - A logistics system manages the shipments of goods supplied from a plurality of different shippers by a plurality of carriers. It has a variety of modules integrated with each other to perform various functionalities. For example, it may have a purchasing module evaluating proposals by shippers for respective shipments of goods and awarding contracts for the shipments to the plurality of carriers. It may have an optimization module analyzing the proposals and informing the purchasing module if an opportunity exists for at least some of the shipments to be consolidated, in which case at least one contract awarded by the purchasing module is for a consolidated group of the shipments. It may have a contract administration module maintaining information relating to the status of proposals received and contracts awarded by the purchasing module. It may have a scheduling module scheduling shipments according to the awarded contracts. It may also have a shipment management module tracking the status of shipments awarded by the purchasing module and scheduled by said scheduling module. It may further have a financial module authorizing payments according to the status of shipments tracked by the shipment management module are passed between first and second asynchronous clock domains.02-09-2012
20100138347Account Transaction Management Using Dynamic Account Numbers - A method and a system for managing account transactions aim to effectively prevent account information from being compromised. The system generates a dynamic account number corresponding to a true account number of an account of a user and sends the dynamic account number to the user. The system stores the corresponding relationship between the true account number and the dynamic account number. The system conducts an account transaction requested by the user according to the dynamic account number supplied by the user and the corresponding relationship. The account can be a bank account, and the dynamic account number may be valid for a one-time use or set to expire after a certain period of time or a certain number of uses. The method and the system can make account transactions more reliable and safer, and effectively prevent user account information from malicious access.06-03-2010
20090012899SYSTEMS AND METHODS FOR GENERATING AND MANAGING A LINKED DEPOSIT-ONLY ACCOUNT IDENTIFIER - Embodiments relate to systems and methods for generating and managing a deposit-only account identifier that can be portably linked to one or more transaction accounts, at the account holder's discretion. A deposit-only account identifier can be a virtual identifier, such as a temporary or permanent account number. The account holder can publish the virtual identifier to desired persons, financial institutions, or other parties to permit those entities to transmit funds to the deposit-only account. The account holder can move received funds to one or more linked transaction accounts, such as bank checking accounts, money market accounts, or others. Details regarding the underlying account(s) such as geographic location, currency, balances or other information can be retained in confidence, visible only to the account holder. Received funds can be distributed to underlying accounts according to criteria such as the currency or amount of the received funds, time of receipt, or other rules.01-08-2009
20100100483AUTOMATIC RESTITUTION OF TRANSACTION FEES, PUNISHMENT OF NON-PAYING BIDDERS, AND MANAGEMENT OF APPEALS - A method and system for resolving disputes between parties involved in a network-based transaction is described. One aspect of the present invention seeks to automatically facilitate the restitution of value to parties of the transaction, for example, facilitated by a network-based commerce platform or involving a network-based payment service, where a dispute has arisen with respect to the transaction.04-22-2010
20100100484PRODUCT LEVEL PAYMENT NETWORK ACQUIRED TRANSACTION AUTHORIZATION - A flexible spending account system can be implemented according to one embodiment of the invention so as to automatically substantiate purchases made at a retailer merchant. For example, according to one embodiment of the invention, a method of authorizing products for purchase can be implemented by determining via a computer that a product requested for purchase at a point of sale by a consumer matches a qualified product category under the flexible spending account, sending an authorization request message for requesting use of said flexible spending account of said consumer, wherein said authorization request message comprises a total purchase amount field and a first qualified amount field for a first type of qualified items.04-22-2010
20110173122Systems and methods of bank security in online commerce - A system of bank security for reducing fraud losses due to unauthorized transactions in online commerce has a mobile authorization service (MAS) system with interfaces with a financial institution's computer systems that maintain customer's accounts and mobile wireless devices of the customers. The MAS system enables authorizations, of payment authorization requests that are received for payment on the account of the customers that are maintained at the financial institution, by the customers themselves in real time, before authorizing such payment transaction requests by the financial institution. The MAS system authorizes payment on those payment authorization request transactions that are on a pre-authorized transaction list and for those transaction that are not on the list, the transaction is authorized by a secure mobile contact means with the customer, thereby reducing payment on transaction that have not been authorized and thus reducing bank's fraud losses.07-14-2011
20120143757Designation of Electronic Financial Transactions - An electronic financial transaction system has an identifier designation determining means for determining a designation of an identifier supplied by a prospective transactor in accordance with his circumstances; and a response means for implementing a predetermined response according to the designation of the identifier. The designation can be either “normal” or “duress”. If a “normal” identifier is given then the transactor is allowed a normal suite of transactions. If a “duress” identifier is given then no transactions are permitted, the transactor's account is frozen, and personnel are alerted to assist the transactor. Alternatively, limited transactions are permitted and the personnel alerted.06-07-2012
20120143760Internet Payment System Using Credit Card Imaging - A system and a method for conducting credit card transactions through a mobile device of a user. The mobile device comprises an image acquisition unit and a mobile application operated by the mobile device. The system enables acquiring an image of a client's credit card, using the image acquisition unit; analyzing data of the image; outputting details of the credit card from the analysis; verifying the output details, wherein the verification is further carried out through the mobile application; verifying authorization of inputted monetary transaction, wherein the mobile application enables verifying the authorization by communicating with the billing center, associated with at least one credit company associated with the credit card over at least one communication network, wherein the communication is carried out by the mobile application using the mobile device; and conducting monetary transactions using the verified credit card details.06-07-2012
20080319905SECURE MOBILE PAYMENT SYSTEM - The present invention provides a method for conducting a transaction that includes receiving a pseudo account identifier that corresponds to a primary account identifier. The pseudo account identifier may be received at a portable wireless device and may be generated by a remote server computer. The portable wireless device can receive the pseudo account identifier over a first network and provide the pseudo account identifier to an access device. The access devices generally comprises a reader that can receive the pseudo account identifier, and thereafter send a message to request authorization of a transaction. The authorization request message may include the pseudo account identifier and is sent to a payment processing network. The authorization request message is sent to the payment processing network over a second network. The payment processing network may then process the authorization message and return a response that indicates if the transaction is authorized or not.12-25-2008
20110196792MOBILE PHONE CHARGE CARD NOTIFICATION AND AUTHORIZATION METHOD - An added level of security is provided for charge card transactions. Upon presenting a charge card number for a purchase, for example, the cardholder receives a message (e.g., SMS) on his cell phone or PDA that a charge authorization request has been received. The message may include the merchant, a charge amount, and a time and date.08-11-2011
20090112766DEVICE INCLUDING MULTIPLE PAYMENT APPLICATIONS - Embodiments of the invention are directed to a method, a system, a device and a computer-readable media for selecting one or more payment application at the point-of-sale and using the select one or more payment applications to conduct a transaction. One embodiment is directed to a method for automatically selecting one or more payment applications to use in a transaction so that the selected payment applications give the consumer an optimized benefit or benefits.04-30-2009
20090276359Multi-Product-Multi-Channel Payment Platform System and Method - Described herein is a multi-product-multi-channel payment platform system and apparatus that extends the capability of current online banking/funds-transfer systems. Different types of financial accounts are modeled in a financial management system to enable types of online, electronic funds transfer transaction that were not previously possible. Among novel elements of the system and apparatus disclosed is the enablement of real-time application of rules to different types of financial accounts and/or products across channels, such as how much money may be deposited or withdrawn in a period of time.11-05-2009
20090281948COMMUNICATION DEVICE INCLUDING MULTI-PART ALIAS IDENTIFIER - Methods and systems are disclosed for allowing financial transactions to be conducted using consumer devices. In some embodiments, the consumer device is a mobile communication device, such as a mobile phone. A payer initiates a transaction by sending a payment request message from a mobile phone which specifies the payee and amount to be paid. Payees are identified by unique aliases, which are maintained in a database. The aliases, in turn, are comprised of multiple parts. Each part of the alias may identify a relevant aspect of the transaction. For example, one part of the alias may identify the payee and another part of the alias may identify the financial institution of the account of the payee. Methods for assembling the enrollment and alias database are included.11-12-2009
20080275819System and Method for Transaction Payment in Multiple Languages and Currencies - The invention relates to a method and system for transaction payment wherein user identification data from an identification module (11-06-2008
20080275820Apparatus and method for providing account security - An account security apparatus, including a memory device for storing a limitation or restriction on a use of at least one of a cable television account, an electrical utility account, a gas utility account, a fuel oil utility account, an insurance account, a subscription accounts for a good, product, or service, a health care insurance account, a pharmacy account, a social security account, and a credit report account, transmitted to a receiver from a communication device associated with an individual account holder, and a processing device for processing an authorization request for a transaction or a use of the account. The processing device utilizes the limitation or restriction automatically stored in the memory device in processing the authorization request and generates a signal containing information for authorizing or disallowing the transaction or the use of the account.11-06-2008
20110208654MANAGED PURCHASE ACCOUNT FOR DEFINED COMMODITIES - A purchase account may be managed to control purchases made using the account. An account number may be provided at a point of sale. The account number is associated with or includes an identifier for a class or type of goods or services. A merchant computer may receive the identifier and process it to determine whether what is proposed for purchase using the account is a qualified type of good or service. The computer may obtain a list of qualified or unqualified products and compare the list to what is proposed for purchase. In the alternative, the computer may provide instructions to a human operator for the merchant, who may determine whether or not the proposed product is qualified. If the proposed product is deemed qualified for purchase, use of the account may be approved; if otherwise, use of the account may be refused.08-25-2011
20100293094TRANSACTION ASSESSMENT AND/OR AUTHENTICATION - Systems and methods for assessing and authenticating transactions are disclosed. Some exemplary embodiments may authenticate transactions based at least in part on a comparison of a newly obtained electronic signature associated with a user with a previously obtained electronic signature associated with the user, where a payment instrument presented for use in the transaction is also associated with the user. Exemplary electronic signatures may comprise any information which may identify the user, such as browser fingerprints, computer fingerprints, IP addresses, geographic IP location information, information associated with a payment, and/or a typing patterns.11-18-2010
20100145855PAYMENT ACCOUNT PROCESSING WHICH CONVEYS NON PURCHASE RELATED DATA EXCHANGES - An enhanced payment processing system is configured to process non-sales related requests. For example, such requests may pertain to a consumer's application for a payment account, a request for identification of a payment account assigned to a specified consumer, a transfer of a monetary amount between two payment accounts, a payment to be applied to an account, and a change of an expiration date for a portable payment device. A merchant formulates a non-sales related request which is sent through the payment processing system to an account issuer. The account issuer receives the non-sales related request, complies with that request, and formulates a reply. The reply is sent back through the payment processing system to the merchant.06-10-2010
20080243690Money Transfer System And Messaging System - A system for transferring funds from a sender to a recipient with a recorded message is disclosed. In one step the method includes receiving a request for a fund transfer from the sender. The sender may make the request for a fund transfer at a transaction processing device. In another step a payment is received from the sender for the fund transfer and a payment confirmation is transmitted to the host computer system. An identifier may then be assigned to the fund transfer. A recorded message from the sender may be received and at least a copy of the recorded message may be transmitted to a host computer system. The recorded message may then be associated with the fund transfer. A request, including the identifier, may be received from the recipient to receive the recorded messaged. In another step the recorded message may be sent to the recipient.10-02-2008
20080243691PERSONALLY CUSTOMIZABLE CREDIT CARD ACCOUNTS - Account holders may specify vendor-specific charge restrictions for charging transactions against their accounts, where each vendor-specific charge restriction includes a unique identifier for the corresponding vendor to which the charge restriction is applicable. The charge restriction may be an exclusion from approval of all charge authorization requests, an amount limit on charge authorization requests which may be approved, a “rebill” limit on the number of times subsequent charge authorization requests may be approved, or a combination of such restrictions and/or other restrictions. When a charge authorization request is received for a charge against an account having vendor-specific charge restrictions set by the account holder, the vendor identifier is extracted from the charge authorization request and employed to determine whether any charge restrictions are applicable to the requesting vendor. The vendor-specific charge restrictions for a particular vendor may be specified by the account holder either before or after an initial charge transactions involving that vendor, with the vendor identifier either manually entered by the account holder or automatically extracted from an account transaction record.10-02-2008
20080249940Transaction Accounting Processing System and Approach - Accounting data is classified to facilitate transaction processing and management. According to an example embodiment, data based rules are implemented for generating transaction data using stored rules and identified valid accounting codes. Transaction information is processed as a function of the rules and generated transaction data (e.g., for classifying expenses under generated valid accounting codes). This approach involves, for example, identifying data based rules and valid accounting codes to use in processing received transaction information and in generating/applying accounting codes to the transaction information.10-09-2008
20100138344MOBILE BARCODE GENERATION AND PAYMENT - An application on user's mobile device (having a display screen) generates a one-time use and time-limited barcode on the display when the user enters a PIN. The barcode can be scanned to make purchases at a point of sale (POS).06-03-2010
20100138346Automatic Savings Program - A computer implemented method of processing a financial transaction executed by first person includes determining an automatic savings amount from the financial transaction by rounding up the amount of the financial transaction to the nearest dollar. The method further includes debiting the calculated savings amount from an account of the first person and crediting the savings amount to an account of a second person.06-03-2010
20100274722APPARATUS, METHOD, AND COMPUTER PROGRAM PRODUCT FOR RECOVERING TORN SMART PAYMENT DEVICE TRANSACTIONS - Initial presentation of a payment device to a payment terminal assembly, in connection with a putative transaction, is facilitated. The payment device includes a payment device memory storing a device-side payment application, with an on-device balance, and at least one payment device processor coupled to the payment device memory. The payment terminal assembly includes a terminal memory, storing a terminal-side payment application, and at least one terminal processor coupled to the terminal memory. A first command is sent from the payment terminal assembly to the payment device to compute a cryptogram to complete the putative transaction. It is detected that the cryptogram is not received as expected. In response, an identifier of the payment device and transaction recovery data associated with the putative transaction are stored in a storage area of the terminal memory. The payment terminal assembly obtains the identifier of the payment device, upon re-presentation of the payment device to the payment terminal assembly. Upon the re-presentation of the payment device to the payment terminal assembly, the payment terminal assembly compares the obtained identifier of the payment device to contents of the storage area. Conditioned at least upon the comparing yielding a match, a second command is sent from the payment terminal assembly to the payment device. The second command instructs the payment device to re-produce the cryptogram to complete the putative transaction.10-28-2010
20130218778SYSTEM AND METHOD FOR PROCESSING PAYMENT TRANSACTION RECEIPTS - Embodiments of the invention are directed to systems and methods for processing payment transaction receipts. When an authorization request message for a transaction of a consumer is received, it is determined whether an account associated with the consumer's portable consumer device is enrolled in an electronic receipt program. If the account is enrolled, an electronic receipt for the transaction is sent to the consumer.08-22-2013
20130218773AGE VERIFICATION SYSTEM AND METHOD FOR EFFICIENT HANDLING OF AGE VERIFICATION REQUESTS - The disclosure relates to an age verification system and method for settling age verification requests. An age verification request is made unavailable for a processing display unit and other display units when the processing unit processing the age verification request does not settle the age verification request and issues an instruction for a customer at the supplier system. The instruction from the display unit to the supplier system is configured to generate a message for the customer at the customer terminal relating to the consumer image or the document image. The age verification request is made available again for settling at the display units when an instruction from the supplier system is received.08-22-2013
20080288405Systems and Methods for Automatic and Transparent Client Authentication and Online Transaction Verification - Systems and methods are described for providing fraud deterrents, detection and prevention during e-commerce, e-transactions, digital rights management and access control. Fraud deterrent levels may be automatically selected by a requesting transaction approval entity server (and can be related to level of risk, or security, related to fraud) or may be selected by a consumer. These deterrent levels can determine the manner in which the transaction occurs as well as the types of information that must be provided and validated for successful approval of the transaction. The client can associate their credit card with a specific device, an e-identity, such as an instant messaging identity, and the e-identity is contacted as a part of finalizing a payment transaction so that a client response of ‘approve’ or ‘reject’ can be obtained. The anti-fraud technology also provides for management and storage of historical transaction information. Entity-to-client communication occurs according to merchant permission parameters which are defined by the client and which enable messages sent by the entity to be automatically allowed, rejected, and managed in other ways as well.11-20-2008
20100280950TRANSACTION AUTHORIZATION USING TIME-DEPENDENT TRANSACTION PATTERNS - Systems, apparatus, and methods for authorizing a transaction initiated by a consumer are provided. A likelihood function can approximate a pattern of previous transactions and provide a measure of how likely it is for a transaction to occur as a function of time. The time of a current transaction can be used to determine a corresponding likelihood value of a likelihood function associated with the transaction. The likelihood value can then be used to determine a score for authorizing the transaction. As the likelihood corresponds to a particular time of a pattern, the score can be tailored to the current transaction and achieve greater accuracy.11-04-2010
20090265276METHOD FOR AUTHORIZING AT LEAST ONE TRANSACTION BY A BANK SYSTEM - The invention relates to a method and a system for authorizing at least one transaction by a bank system, wherein at least one client application handled by the bank system is connected to at least one server application outside the bank system. With the help of the client application, at least one transaction item provided for selection by the server application is selected. Furthermore, authorization of the transaction of at least one selected transaction item is requested during a bank application of the bank system. The transaction is authorized with the help of the bank application.10-22-2009
20090265275SYSTEMS AND METHODS FOR TIME VARIABLE FINANCIAL AUTHENTICATION - The systems and methods of the invention provide a technique for authenticating a finance related transaction. The method may include providing a token which contains a token counter, the token counter periodically advancing to generate a changing token value, the token counter being synchronized to a base counter that generates an authenticating value; transforming the token value into a token output sequence using logic; and outputting at least part of the token output sequence to an authenticating authority, the authenticating authority having access to the authenticating value. Further, the method includes the authenticating authority verifying the validity of the transaction based on the token output sequence and the authenticating value, from which the authenticating authority obtains a verification sequence using the logic, the verifying the validity including the authenticating authority comparing the token output sequence to the verification sequence to determine if there is a match between the token output sequence and the verification sequence.10-22-2009
20090265274Automated Transaction Processing System and Approach with Currency Conversion - Transaction management for contract and contract-related approaches is facilitated. According to an example embodiment of the present invention, a transaction management system automatically sets contract terms including currency conversion terms for a transaction based on business rules previously established between parties to a transaction. In one implementation, the transaction management node automatically derives a contract term including a pricing-related term for a transaction between a buyer and seller using contract information therefor. The pricing-related term is used to set a price for the transaction, and a currency conversion term is used to convert the set price (or a portion of the set price corresponding to a particular transaction party) into a different currency.10-22-2009
20090265273Transaction authorization - A transaction authorization method and system. The system includes a host coupled to a plurality of transaction request channels (telephone, PC, and the like) for receiving and authorizing transaction requests for a specific self-service terminal. The system also includes a self-service terminal coupled to the host for receiving a transaction message therefrom. The transaction message includes a transaction identifier and a customer identifier, so that the self-service terminal is operable to provide a customer with a transaction amount from the transaction identifier in response to the customer entering details matching the contents of the customer identifier.10-22-2009
20080313081Method and Apparatus for Payment Service Using Bar Code - A method and apparatus for a payment served based on a card of a purchaser instead of a wire or wireless card inquiry apparatus or a payment gateway program owned and managed by a merchant. The method includes confirming merchandising member store information provided after a merchant registers on a finance company for a member store to generate and provide merchandising member store identification information. Upon receipt of a transaction request made by a purchaser receiving a transaction bar code generated to include the merchandising member store identification information and detailed transaction information using a financial transaction card of the purchaser and the transaction bar code, the transaction bar code is read out to collect the merchandising member store identification information and then verify member store information of the corresponding merchant. An approval of a transaction made by the purchaser for the merchant is requested to a finance company.12-18-2008
20080313078SYSTEM AND METHOD FOR VERIFICATION OF SITE LOCATION USING AN APPLICATION-SPECIFIC USER INTERFACE ON A PERSONAL COMMUNICATION DEVICE - Systems and methods for preventing fraud during a purchase transaction performed at a retail device are disclosed. According to one system and method, an identifier is received from an application-specific user interface executing on a personal communication device, wherein the identifier is associated with the retail device. Location information associated with the personal communication device is received, and the location information associated with the personal communication device is compared to location information associated with the retail device. It is determined whether the personal communication device and the retail device are located proximately to one another. The purchase transaction is authorized if the personal communication device and the retail device are located proximately to one another.12-18-2008
20120296825RATING E-COMMERCE TRANSACTIONS - Methods of the present invention allow for rating eCommerce transactions. An exemplary method for rating an eCommerce transaction may comprise the steps of identifying a plurality of data indicating the trustworthiness of a Hosting Provider, a Merchant, and/or a Customer, collecting the data, and generating a Transaction Trust Rating for an eCommerce transaction, with the Transaction Trust Rating being based upon the collected data. The Transaction Trust Rating may be stored in a Repository accessible to Internet users. A Transaction Trust Rating Indicator (indicative of the Transaction Trust Rating) also may be provided to the Hosting Provider, Merchant, and/or Customer and may take the form of a certificate for display on a webpage, a change in color of an address bar on a browser, and/or an alphanumeric ranking.11-22-2012
20120296824SYSTEMS AND METHODS FOR CORRECTION OF INFORMATION IN CARD-NOT-PRESENT ACCOUNT-ON-FILE TRANSACTIONS - A method for processing a card-not-present account-on-file transaction over a computer device coupled to a database is provided. Further, a network-based system for processing a card-not-present account-on-file transaction having a first transaction date is provided. Additionally, a computer coupled to a database for processing a card-not-present account-on-file transaction, is provided. Further, a non-transitory computer readable storage medium storing computer-executable instructions thereon for processing a card-not-present account-on-file transaction, is provided. The transaction is made by a cardholder using payment card information stored by a merchant. The payment card information includes a payment card account identifier, an expiration date associated with the payment card account identifier, and a payment card number associated with the payment card account identifier.11-22-2012
20120296823CONTENT OWNER VERIFICATION AND DIGITAL RIGHTS MANAGEMENT FOR AUTOMATED DISTRIBUTION AND BILLING PLATFORMS - A common platform for offering third-party applications and/or content to a global community. In an embodiment, users are automatically charged via the user's billing account with the wireless network carrier to which the user subscribes. The platform may also use billing mechanisms, such as credit cards, bank accounts, prepaid cards, web-based payment services, etc. The application provider need not have contractual agreements with any of the wireless network carriers. In an additional aspect, an application provider may undergo authentication before uploading any media, content or application to the platform. During authentication, a unique identification code may be generated and stored for the application provider. Any media, content, or application subsequently uploaded by the authenticated application provider is associated with the unique identification code.11-22-2012
20120296822USING PAYMENT MODE RANKINGS RESPONSIVE TO ITEM ATTRIBUTES - A method and system are described for obtaining at least a first mode ranking and a second mode ranking responsive to one or more categorical attributes of a first item and to one or more payment mode use constraints and transmitting at least an indication of a first payment mode responsive to at least the first mode ranking or the second mode ranking.11-22-2012
20080319907SECURE TRANSACTION METHOD AND SYSTEM INCLUDING BIOMETRIC IDENTIFICATION DEVICES AND DEVICE READERS - The invention is directed towards methods, systems and apparatuses, see FIG. 12-25-2008
20090313168System and Method for Authorizing Financial Transactions with Online Merchants - A system for authorizing a financial transaction of a financial presentation device such as a credit or debit card being presented from a customer to an online merchant. The system includes a peripheral device having a processor configured to generate a dynamic verification value for the card which changes for each financial transaction, and to transmit the dynamic verification value to a user computer via an I/O interface during an online transaction. The system also includes an authentication computer having a memory for storing information used to generate a comparison verification value, a communication device for receiving the dynamic verification value originating from the peripheral device, a processor and an authentication module executable by the processor adapted to generate the comparison verification value using information stored in memory. The authentication computer determines whether to authorize the financial transaction based on whether the comparison verification value matches the received dynamic verification value.12-17-2009
20080270304FUNDS TRANSFER SYSTEM AND METHOD - Using a single source money management system customers may automate their committed spending. A money management account and a discretionary fund account are established in response to a customer's request to participate in the system. A financial institution receives money on a periodic basis from a customer's predictable payment system. The money is then deposited/transferred to the money management account, retained in the money management account as required for bill payment, and/or deposited/transferred into the discretionary fund account if it is “excess.” Bills are paid on a customer determined schedule directly from the money management account using the money retained in the money management account. A loan account may also be established in response to a customer's application for a loan account. A financial institution grants a loan for a loan purchase in response to a customer's application for a loan purchase. The system and/or the financial institution handles payment for the loan purchase and repayment of the loan from the loan account from the money management account. The present invention may include a secure internet shopping system that includes a vendor web system and a financial institution web system. Each vendor offers goods and/or services. The financial institution web system permits customer authorization of payment to a selected vendor.10-30-2008
20100138345FINANCIAL TRANSACTION SYSTEM HAVING LOCATION BASED FRAUD PROTECTION - A financial transaction authorization server comprises a database of records of fixed-location transaction participants, and transaction authorization means in communication with the database of records. Each record of the database of records is associated with a respective one of the fixed-location transaction participants and identifies a physical location of the associated fixed-location transaction participant. The transaction authorization means is configured to (i) receive a request from one of the fixed-location transaction participants for completion of a financial transaction; (ii) receive current location information of a mobile-location transaction participant associated with the financial transaction; and (iii) authorize the transaction in accordance with a correlation between the received current location information and physical location of the fixed-location transaction participant.06-03-2010
20080270303Method and system for detecting fraud in financial transactions - Detecting fraud in financial transactions. The systems and methods manage a fraud detection alert in a fraud queue; automatically locate the associated financial account data; display workflows on a graphical user interface; automatically navigate through workflows; ensure compliance with predetermined rules specific to a account-provider, business, or regulation; store all activity and data related to each fraud detection alert; and automatically update the fraud queue. The systems and methods include a fraud analyst workstation, a workflow engine, a host computer system, and a workflow database. The fraud analyst workstation communicates with the workflow engine, which stores and applies the predetermined rules. The workflow engine communicates with the host computer system to access the financial account data. The workflow engine communicates with a workflow database, which stores all activity and data related to each fraud detection alert for purposes of tracking, billing, and research.10-30-2008
20090119214METHOD AND DEVICE FOR EXCHANGING VALUES BETWEEN PERSONAL PROTABLE ELECTRONIC ENTITIES - A method and a portable electronic device enables a debitor to transfer a monetary or other amount to a creditor, in particular via a near-field wireless communication module. After receiving information for authenticating the debitor via the communication module and after receiving data linked to the monetary or other amount, a transaction request including the data is created and sent. The transaction request is advantageously sent via a mobile telephone network or via a data communication network.05-07-2009
20100145856AUTOMATED MERCHANT PERFORMANCE RATING FOR PAYMENTS ON ACCOUNT - A business derives its cost to pay accounts payable (A/P) with a corporate card versus other payment methods, which derivation may be pre-populated by a general category . The business identifies each merchant to whom the business owes A/P who but does not accept the corporate card. A weighting factor is derived for each such merchant from costs of paying with and without the corporate card, as well as from its history of past payments to the merchant. The benefit to the business is derived, using the corresponding weighting factor, for each such merchant in paying the corresponding A/P to the merchant with the corporate card. Where the benefit exceeds a predetermined threshold, information is sent to each such merchant sufficient for the merchant to receive payment of the corresponding A/P with the corporate card.06-10-2010
20120036071VERIFICATION METHODS FOR FRAUD PREVENTION IN MONEY TRANSFER RECEIVE TRANSACTIONS - A computer system is operated to prevent fraud in a money transfer receive transaction. A send transaction request is received from a sender for a money transfer including a send amount. The sender is prompted to select one or more security inputs to be supplied by a receiver for redemption of the money transfer. A send transaction record is stored with the selected one or more security inputs in a server. A receive transaction request is then received from the receiver. The receiver is prompted for the one or more security inputs set for redemption of the money transfer, and the provided one or more security inputs from the receiver are received. The received one or more security inputs are authenticated, and release of funds in the send amount is authorized if the received one or more security inputs are authenticated.02-09-2012
20110270757SYSTEM AND METHOD FOR SECURELY VALIDATING TRANSACTIONS - Systems and methods for validating and processing payment transactions are disclosed. In the embodiments of the invention a first authorization request message and a first verification value are received at a server computer. The verification value is validated and a second authorization request message with a second verification value is generated. The first verification value may be a dynamic value and the second verification value may be static value. The second verification value is associated with portable device used to perform a transaction and it is what the issuer computers of the portable device expect to receive as part of an authorization request message in a payment transaction.11-03-2011
20110270756SYSTEMS AND METHODS FOR SCREENING PAYMENT TRANSACTIONS - Methods and systems for anti money laundering screening are provided. A risk score and a first validation code is determined based on information related to a funds transfer transaction. The first validation code is associated with the risk score. Thereafter, a second validation code is calculated and compared with the first validation code. The risk score and the validation score are included in a payment authorization message sent to a payment processing network. The payment processing network extracts the validation code and communicates the payment authorization message including the risk score to a receiving financial institution. The receiving financial entity accepts or denies the incoming funds transfer based on the risk score included in the payment authorization message.11-03-2011
20110270755METHOD FOR SECURELY CLEARING CHECKS - A method for check clearing by a first entity where the check was previously issued from a first party to a second party. The first party has a first account with the first entity and the second party has a second account with a second entity. The first entity receives first information included with the check from the second party, including first party identifying information, a unique pseudorandom check number, and a check amount. The first entity authenticates at least a portion of the first information and receives second information from the second party, including at least the second account number and the second entity's routing transit number. The first entity transfers funds from the first account of the first party to the second account of the second party using at least a portion of the authenticated first information and the second information.11-03-2011
20110270754METHOD FOR AUTHENTICATING FINANCIAL INSTRUMENTS AND FINANCIAL TRANSACTION REQUESTS - A method for authenticating a check of a plurality of checks where the check was previously issued from a first party to a second party, including receiving first information from the first party, storing the first information in a file of a third party and receiving the check. The check has first party identifying information, a unique pseudorandom number of a pseudorandom sequence, and an amount. A status of activating the plurality of checks is determined. At least a portion of the first party identifying information included with the check, the unique pseudorandom number included with the check and the check amount included with the check are authenticated. The received check is authenticated if the first party, the unique pseudorandom number included with the check and the amount included with the check are authenticated and if the plurality of checks have been activated.11-03-2011
20100274721VERIFICATION OF PORTABLE CONSUMER DEVICES - Embodiments of the invention are directed to methods, systems, and computer program products pertaining to obtaining, providing, and using dynamic card verification values for portable consumer devices, such as credit cards and debit cards. An exemplary method comprises receiving, at a server, a request for a device verification value for a portable consumer device associated with a user; obtaining, at the server, a datum indicative of a device verification value for a portable consumer device; and sending, from the server, the datum to at least one of a phone number or network address of a personal communication device associated with the user.10-28-2010
20090030840METHOD FOR LIMITING DEBIT CARD TRANSACTIONS - A method for limiting debit card transactions includes establishing a limited debit card account linked to a financial funding account. A frequency period for funding the limited debit account and a maximum holding amount for the limited debit account are established by an individual. A debit card linked to the limited debit account is issued to the individual for making withdrawals and purchases. Based on a predetermined method and time period interest is paid by the entity maintaining the limited debit account, to the individual. Also, upon expiration of the frequency period funds are transferred from the financial funding account to the limited debit account to return the limited debit account to the designated maximum holding amount.01-29-2009
20110016053FINANCIAL TRANSACTION SYSTEM - A system and method for conducting a financial transaction is disclosed. The system includes a first memory location embedded in a personal portable device. The first memory location stores a plurality of personal financial data files associated with a user. The system also includes a second memory location to store biometric information and a first input interface to receive authentication information after initiation of a purchase transaction session. The system also includes a security module including an input coupled to the first interface to authenticate the authentication information based on the biometric information and an output interface comprising an input coupled to the first memory location and an output to provide personal financial data file information to a host device.01-20-2011
20090119213ON-LINE AUTHORIZATION IN ACCESS ENVIRONMENT - A method is disclosed. The method includes interacting with a gate access device that is capable of preventing access to a location, where the gate access device subsequently sends an authorization request message to an issuer for approval, the authorization request message including a request to charge a predetermined amount of money to pay for access to a location, and entering the location if the gate access device receives an authorization response message indicating that the charge is authorized.05-07-2009
20090119212REQUEST MONEY SOCIAL NETWORKING APPLICATIONS - In some example embodiments, a system and method is illustrated as including receiving a funds request that contains an identifier to uniquely identify a first member of a social networking community, the funds request including an amount of funds requested. Further, this method may include receiving a funds authorization from a grantor of funds. Additionally, this method may include transmitting a funds transfer instruction based upon the funds authorization. Moreover, this method may include transferring the amount of funds requested from an account held by the grantor of funds to an account held by the first member of a social networking community.05-07-2009
20100005026Method of communication implemented by a dating network - A method that permits a user of a dating network to request to communicate with another user of the network via a preset message, where the user making the request pays for the request and the same user may request a refund up to a point in time prior to the other user responding to the request to communicate or a preset period has expired.01-07-2010
20110208653SYSTEM AND METHOD FOR GRANTING DEPOSIT-CONTINGENT E-MAILING RIGHTS - An Email guarantee deposit method, system, and program product, with the method comprising in one embodiment, the steps of: receiving from a sender a request to send to a recipient an Email; receiving a deposit or an authorization to obtain a deposit of something of value; sending the Email to the recipient only if a deposit of authorization for a deposit is received; determining if the recipient has accepted the deposit; and if the recipient has accepted the deposit, then facilitating the disposal of the deposit. In an important alternate embodiment, a deposit can be required before an Email with a auditory or visual enhancement is provided, or before routing to a designated type of device occurs.08-25-2011
20090164375SYSTEMS, METHODS AND COMPUTER PROGRAM PRODUCTS FOR PERFORMING MASS TRANSIT MERCHANT TRANSACTIONS - Methods, systems and computer program products are provided for enabling access to mass transit systems using a financial transaction instrument including reading an identifier including financial payment information from the financial transaction instrument and determining whether the identifier is stored in a database. Access to a holder of the financial transaction instrument is provided based on the determining.06-25-2009
20110145148MERCHANT ALERTS INCORPORATING RECEIPT DATA - One embodiment of the invention is directed to a method comprising receiving an authorization request message for a transaction conducted by a consumer with a merchant, sending the authorization request message to an issuer, receiving an authorization response message, modifying the authorization response message using a server computer to include receipt preference data, wherein the receipt preference data is derived from receipt preferences of the consumer or the merchant, and sending the authorization response message comprising the receipt preference data to the merchant, wherein the merchant generates a receipt for the consumer according to the receipt preference data.06-16-2011
20100145857DYNAMIC HOLD DECISIONING USING ADJUSTED DEPOSIT AMOUNT - Embodiments of the present invention relate to methods and apparatuses for determining, communicating, and/or executing hold decisions for deposit items. For example, a method is provided that includes: (a) receiving information associated with a deposit item; (b) determining an actual deposit amount identified by the deposit item; (c) determining a payee account to receive the deposit item and a drawer account on which the deposit item is drawn; (d) determining a hold limit for the payee account; (e) determining an adjusted deposit amount for the deposit item based at least partially on: (i) the actual deposit amount identified by the deposit item, and (ii) one or more characteristics associated with the drawer account, and (f) determining a hold decision for the deposit item based at least partially on a comparison of the adjusted deposit amount to the hold limit.06-10-2010
20090164374System and Methods for One Time Check Numbers - Various embodiments are directed to third-party payment services including the ability to arrange and pay for goods or services with a printed paper check using facilities hosted by the third-party payment service. In one embodiment, a third-party payment services system may be arranged to provide access to a third-party payment account linked to a source of funds for the third-party payment account. The third-party payment services system may receive a request to transfer funds from the third-party payment account to a recipient using a printed check and may receive a use limitation for the check. A unique number to be printed on the check may be derived and associated with the third-party payment account. A payment request for the check may be verified using the unique number when use limitations for the check have been observed. Other embodiments are described and claimed.06-25-2009
20090138401Electronic traveler's check - The electronic traveler's check system and method includes an electronic traveler' check card that is usable to retrieve money from point of service locations and banks. The system has a database of user information, such as a pin number and the user's passport number, which is used to verify the identity of the user before a transaction can take place. An emergency credit feature is provided to enable transaction completion when a cardholder's account has insufficient cash funds.05-28-2009
20100005027SYSTEM AND METHOD FOR ASSESSING RISK - An improved data handling system is disclosed that facilitates the collection, storage and distribution of information for use by one or more recipient performing a process such as assessing the risk associated with a transaction. A system for handling information includes an administrator for facilitating communication with a subscriber and an information acquisition engine that is for facilitating communication with one or more provider of information and an information assimilator that is for facilitating communication with a database. The system is configured to facilitate receiving a request from the subscriber defining one or more set of information and one or more provider of information to be received by the information acquisition engine and combined by the information assimilator into an information suite to be stored in a database.01-07-2010
20090177582IDENTITY AUTHENTICATION FOR FINANCIAL TRANSACTIONS - A financial services and transaction network including multiple networked validation stations and remote terminals allows users to access a number of financial services and transactions. A user visiting a remote terminal indicates a desired service or transaction. The user provides any currency or funding information needed for the selected service, after which the remote terminal issues the user a transaction voucher. The user can take this transaction voucher to any of the validation stations in order to authenticate the user's identity and activate the voucher. Once the voucher is activated, the user or a recipient of the voucher can present the voucher at any remote terminal to receive funding or otherwise complete the transaction or service, subject to recipient authentication. The user provides necessary information using the remote terminal or validation station, or supplies the information using the voucher, which is collected upon performance of the requested service or transaction.07-09-2009
20090177581METHOD OF CASH-LESS, CARDLESS PURCHASE TRANSACTION USING MOBILE PHONES - The method of cash-less purchase transaction using mobile phone comprising steps of: —customer requesting for purchase at outlet; —merchants verifying if customer is registered with telco's cash product service; —merchant informing the customer of the purchase price to e paid; —merchant sending in a SELL command on his device to a telco containing merchant's PIN, amount of the purchase, and customer's mobile phone number; —customer receiving SMS confirmation query of the amount to be paid from telco; —customer's mobile phone number; —customer replying to the SMS of his confirmation with his PIN; —merchant receiving confirmation from telco of the deduction from customer's mobile phone cash account; —merchant releasing product to the customer; —customer receiving confirmation of the deduction via SMSD sent to his mobile phone; —alternatively, merchant using mobile phone device informing customer of the merchant's mobile number which the customer can send his virtual cash to; —customer sending the amount via SMS to 2882+the 10 digit mobile number of the merchant; —the subscriber and the merchant then getting simultaneous SMS acknowledgment of the transfer with confirmation number07-09-2009
20130218777SERVICE FOR ACCOUNT WITH UNAVAILABLE FUNDS OR CREDIT USING A PASSCODE - In general terms, embodiments of the present invention relate to methods and apparatuses for providing a service for account with unavailable funds or credit using a passcode for the account with unavailable funds or credit For example, in some embodiments, a method is provided that includes: (a) receiving transaction information associated with a transaction, where the transaction involves an account; (b) determining, based at least partially on the transaction information, that the account will exceed available funds or credit as a result of the transaction; (c) receiving a passcode for the account with unavailable funds or credit associated with the account; and (d) authorizing the transaction based at least partially on the receiving the passcode for the account with unavailable funds or credit.08-22-2013
20090144198MONEY TRANSFER USING AN AUTOMATED BANKING MACHINE - Money is transferred from a provider to a requester using automated banking machines. The provider accesses an automated banking machine to identify the requester to whom the money will be transferred and the amount of money to be transfer. The requester is notified of a generated confirmation code. The requester then accesses another automated banking machine to receive the money transfer amount using the confirmation code. After the requester has been verified, the requester selects where the funds are to be transferred.06-04-2009
20130218775METHOD AND SECURE DEVICE FOR PERFORMING A TRANSACTION - A method for determining the presence of a human being, comprising: 08-22-2013
20090327134SYSTEMS AND METHODS FOR GEOGRAPHIC LOCATION NOTIFICATIONS OF PAYMENT TRANSACTIONS - A method and system for providing geographic location notifications of payment transactions is disclosed. One embodiment of the invention is directed to a method including receiving an authorization request message associated with a transaction, the transaction associated with a portable consumer device and an access device at a merchant. A geographic location of the transaction is determined. It is determined whether a notification message indicating that the transaction is occurring is required. Upon determining that the notification message is required, the notification message is sent to a notification device operated by a consumer and the notification device receives the notification message substantially simultaneously with the merchant's receipt of an authorization response message. A graphical depiction of the notification message is displayed on a map on the notification device.12-31-2009
20130218771ELECTRONIC PAYMENT UNIT, ELECTRONIC PAYMENT ORIGIN AUTHENTICATION SYSTEM AND METHOD - An electronic payment unit including includes a data communications interface, a payment card reader and a memory. During a registration process between the electronic payment unit and a registering system at a location having a unique identifier associated with the location, the electronic payment unit is operative to store the unique identifier, or data derived from or including the unique identifier in the memory. The payment card reader is arranged to read a payment card during an electronic transaction, and to form for transmission, via the data communications interface, an electronic payment request including data on the payment card and on the content of the memory. An associated system and method are also disclosed.08-22-2013
20130218772METHOD AND SYSTEM FOR IMPLEMENTING A DYNAMIC VERIFICATION VALUE - A method is disclosed, which includes receiving a message including an account identifier and a first verification value. The method uses the account identifier to select a dynamic verification value process from at least two dynamic verification value processes. Then, using the selected dynamic verification value process, a second verification value is determined. Next, the method determines if the first verification value and the second verification value match or are within an expected range.08-22-2013
20090327133SECURE MECHANISM AND SYSTEM FOR PROCESSING FINANCIAL TRANSACTIONS - A system for secure processing payment transactions between merchants and customers, via financial institutions, the system comprising apparatus for generating global transaction identifiers each of which is recognized by the merchants as a transaction ID and by the financial institutions as a fundable entity, and methods useful in conjunction therewith.12-31-2009
20130218768Systems and Methods for Facilitating Secured Financial Transactions - Systems and methods for facilitating at least a portion of a secure electronic financial transaction are provided herein. Methods may include generating a unique payee identifier that represents a unique payment relationship between a payee and one or more payors, receiving a transaction request, the transaction request comprising the unique payee identifier and a payment, and authorizing a payment to the payee that corresponds to the payment.08-22-2013
20130218769Mobile Funding Method and System - Systems and methods for mobile funding are provided. One such method comprises receiving a transaction request to transfer funds from a payor to a payee. The transaction request can include a payor device identifier, a payee device identifier and an amount. A payor account identifier associated with the payor device identifier, and a payee account identifier associated with the payee device identifier can each be determined. Additionally, a first service provider associated with the payor device can be determined based on the payor device identifier, and a second service provider associated with the payee device can be determined based on the payee device identifier. The transfer of funds from the first service provider to the second service provider can then be initiated using the payor account identifier and the payee account identifier. At least one of the first and second service providers is a mobile network operator.08-22-2013
20130218770System and Method for Performing Financial and Other Transactions with Increased Automation, Improved Security and/or Usage of Data - An apparatus, system and method for securely withdrawing, exchanging, depositing and reconciling funds (cash and no-cash value) from automated media item(s) and delivery system for employees, patrons or other individuals so that cash equivalent value can be issued at authorized location, via a tracked and disbursed, exchanged or deposited funds, or other means of printed or credit transfer. Software to integrate various devices and associated databases that are remotely connected to a network, such as the web, including a login device, accounting device, funds delivery device and accounting device.08-22-2013
20090259589METHOD AND SYSTEM FOR MANAGING A FLEXIBLE SPENDING ACCOUNT - A method and system for facilitating a redemption of a benefit provided by an organization for the purchase of non-prescription items from a retail store including associating a plurality of non-prescription items with a list; linking a plurality of members with the list, receiving a request for an account balance check of a member for one or more non-prescription items on the list that were presented for purchase by the member; determining if an account balance for the member has sufficient funds to cover the non-prescription items on the list that were presented for purchase by the member; and transmitting to the retail store an approval for the purchase by the member of the one or more non-prescription items on the list if the retrieved account balance for the member had sufficient funds to cover the non-prescription items on the list that were presented for purchase.10-15-2009
20090024527MERCHANT-INITIATED ADJUSTMENTS - Tools for adjusting a debit transaction, which can allow a payee to adjust the amount of the transaction without having to provide cash back to the payor. Instead, the refund amount may be applied as a credit against the debit transaction. In an aspect, the credit may be for any amount up to the original amount of the check (less any credit already applied). Optionally, one or more security and/or anti-fraud measures may be implemented, e.g., ensuring that the check is not subject to a collection proceeding and/or ensuring that the requested credit is not more than the amount of the check itself).01-22-2009
20090024526ELECTRONIC REGISTRATION AND TRANSACTION SYSTEM - One preferred embodiment provides mobile device based registrations and transactions by providing an aggregator, in the form of a server connected to the internet for collecting and selectively distributing user data. The aggregator may obtain the user data through the mobile network operator, a third party data source (e.g., a credit reporting bureau), or from one-time user input with the aggregator. The user can selectively transmit their user data quickly (e.g., with the selection of a single link) via their mobile device between the aggregator and a third party content provider (e.g., a gambling site, adult content site, banking site, etc.).01-22-2009
20090024529WIDE AREA NETWORK PERSON-TO-PERSON PAYMENT - According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (01-22-2009
20110225090SYSTEM AND METHOD INCLUDING CUSTOMIZED LINKAGE RULES IN PAYMENT TRANSACTIONS - Systems and methods for generating a dynamic verification value for electronic payment transactions are disclosed. A user of a portable consumer device enrolls the account identifier associated with the portable consumer device and specifies one or more customized linkage rules that identify one or more user communication devices and user identifiers that should be used to submit an authentication request message to an entity that generates a dynamic verification value. A server computer that receives an authentication request message determines whether the authentication request message complies with the specified customized linkage rules and generates a dynamic verification value.09-15-2011
20090198616Method and System for Transferring Money in Business-to-Business Internet Transactions - A method for enabling two businesses to complete a transaction that includes payment from one business (the buyer) to another business (the seller). A payment enabler operates the money transfer service over a computer network of nodes, such as the Internet. Typically, the buyer and the seller use the money transfer service of the payment enabler to consummate a transaction that they have arranged over the computer network through a business-to-business transaction facilitator that enables businesses to arrange deals over the computer network. During registration with the payment enabler, a buyer typically provides information about a bank account from which the seller will be paid, and the seller typically provides information about a bank account for receiving the funds from the buyer. The payment enabler facilitates payments for transactions between businesses by enabling the employees of a business registered with the payment enabler to direct the various phases of the payment process on behalf of the business for which those employees work. A super user employee, identified by the business during registration with the payment enabler, has the power to register other employees of the business with the payment enabler and to specify the privileges that the payment enabler should grant each employee to act on behalf of the business.08-06-2009
20090198615Method, Device, and System for Completing On-Line Financial Transaction - A method for conducting a secure transaction over a network includes the steps of receiving a price and a transaction identifier from a merchant, the transaction identifier identifying a purchase selection made by a user, receiving a user identifier from a user, receiving a financial institution selection from the user, initiating a communication session with the selected financial institution, receiving a financial-institution user-identifier from the user, communicating the financial-institution user-identifier to the selected financial institution, communicating to the selected financial institution a request to transfer funds, receiving the funds from the selected financial institution, and sending the funds to the merchant.08-06-2009
20110145146Off-Line Account Recharging - A method for off-line account recharging allows recharging of a user account at a simple payment node without sophisticated account interface. The method does not require the user to have an online bank account. The user enters a recharge amount and a mobile device number at the payment node, which sends the entered recharge information to a server where the user account is held. The server generates a recharge code which corresponds to the recharge amount and the mobile device number, and provides the recharge code to the user. The user uses the received recharge code to contact the server and complete the account recharge. The server may perform additional identity verification using the mobile device number and a random challenge code when the user requests to complete the count recharge. The recharge process does not require complex account information to be entered.06-16-2011
20110145147SYSTEM AND METHOD FOR AUTHORIZING TRANSACTIONS - A method and system for authorizing a transaction that includes a remote location where the transaction takes place from which purchaser information may be obtained and providing that information to a central site where pre-determined information regarding the customer exists. Storing legal information at that central site provides the criterion for determining authorization by comparing the purchaser data with the stored legal information. The transaction data is stored, authorization is transmitted to the remote location, and the transaction authorization is transmitted to a temporary database available for near real-time access solely by law enforcement officers.06-16-2011
20110231316METHOD, SYSTEM AND COMPUTER READABLE MEDIA CONTAINING A PROGRAM FOR IDENTIFYING WHETHER A PRODUCT IS GENUINE - Provided herein is a method, system and non-transitory computer readable medium storing instructions related to receiving and storing product code information from plural surveyor surveillance devices and compensating a party associated with each surveyor device that provides information potentially related to a improper transacted sales of a product associated with a gathered product code. The information gathered from the surveillance devices can assist in investigating whether existing products are genuine or counterfeit by identifying non-valid and/or non-registered product codes and improper sales transactions associated with product codes received from the surveillance devices. In an embodiment, a determination is made whether received product code information corresponds to a registered product code stored in a data structure, and for a stored registered product code corresponding to the received product code information, a determination is made of a number of instances the product code information has been received. A party associated with the surveillance device is compensated, or rewarded if the determined number of instances is greater than a predetermined value or the received product code is determined not to correspond to a registered product code.09-22-2011
20120095918Transaction alerting in a multi-network environment - Techniques are provided for generating a transaction alert for a transaction whether the transaction was processed by a first payment processing network associated with an alerting platform or the transaction was processed by a second payment processing network not associated with an alert platform. An authorization request message associated with a transaction is received by a transaction processing server configured to receive authorization request messages from a first payment network and a second payment network. If the authorization request message was routed through the second payment network, alert initiation data is transmitted to an alert platform associated with the first payment network. The alert platform is configured to apply at least one alert criterion to the alert initiation data to determine if an alert is to be generated, generate the alert, and transmit the alert to a mobile application.04-19-2012
20110225089SYSTEM AND METHOD INCLUDING SECURITY PARAMETERS USED FOR GENERATION OF VERIFICATION VALUE - Systems and methods for generating a dynamic verification value for electronic payment transactions are disclosed. The dynamic verification value is generated via a function-based algorithm that accepts a plurality of security values as input. By selecting a set of security values from the plurality of the available security values, the level of complexity and security of the dynamic verification value can be adjusted and a unique security characteristic for the dynamic verification value is obtained. Also, the issuers of portable consumer devices are able to regenerate the dynamic verification value by inputting an issuer secret phrase into the same type of function-based algorithm that was used originally to generate the dynamic verification value.09-15-2011
20120143763USING A FINANCIAL INSTITUTION BASED ACCOUNT FOR ULTRA-LOW LATENCY TRANSACTIONS - A system and method is illustrated for a reader to receive account data associated with an account managed by a financial institution, the account to be accessed to pay an amount associated with an ultra-low latency transaction. The system and method may also include a receiver to receive an instruction authorizing completion of the ultra-low latency transaction, the instruction generated based upon a comparison of the account data to an entry in a list that includes a plurality of account data. Additionally, the system and method may include a mechanism to allow completion of the ultra-low latency transaction.06-07-2012
20120078796SYSTEM AND METHOD FOR PAYMENT FOR BUSINESS REPLY MAIL - A business reply mail payment system and method is provided. A business reply mail payment system establishes a master account with the postal system for the payment of business reply mail. A plurality of mailers each establish a separate account with the payment system and transfer control of payment for business reply mail accepted under their respective permit imprints to the payment system. When the mailer will be receiving business reply mail, a request for payment of postage is made to the payment system, which processes the information related to the business reply mail. The post office acceptance site communicates with the payment system as the business reply mail is received and compares the received business reply mail with the information processed by the payment system to determine if it should be accepted or rejected. If the business reply mail is accepted, the master account is debited for payment.03-29-2012
20120078795SYSTEM FOR PROVIDING CARDLESS PAYMENT - 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.03-29-2012
20120078794System and Method for Delivering Financial Services - A delivery system and method allow a financial institution to provide financial services to a plurality of remote devices. The system is comprised of a set of re-usable global components which are modular and are organized into services sets. The system and method operate in sessions and, for instance, employ a dialog component for gathering information from a customer, a rule broker component for providing answers to the various legal and regulatory rules in a particular country, a language man component for selecting appropriate language, a transaction executor component for performing transactions, and a presentation manager component for formatting outputs to the customer. The system and method provide state-of-the art interfaces that can be configured and delivered to the customer in a globally consistent format that is based on the customer's account profile, various languages, various currencies, different legal regulatory requirements, as well as, different sets of business products.03-29-2012
20120078792Method and System for Secure Mobile Remittance - This invention provides a system and method for reducing the fraud related to remittance transactions initiated at web portals. In one embodiment, mobile technologies that are available to consumers can be used to reduce fraud associated with remittance transactions. For example, a funding agency computer that enables a remittance transaction can request that a mobile platform computer verify a customer with a mobile personal identifier. The mobile platform computer can request the mobile personal identifier from a customer via the customer's mobile handset device. The mobile platform computer can determine whether the identifier received from the customer's mobile handset device matches the mobile personal identifier stored for the customer. If the mobile platform computer is able to verify the customer, the mobile platform computer can provide a verification confirmation message to the funding agency computer.03-29-2012
20120078791METHOD AND SYSTEM FOR FACILITATING PAYMENT TRANSACTIONS USING ACCESS DEVICES - A payment system for facilitating a payment transaction between a payer and a payee is disclosed. The payment system includes a payer access device, a payee access device, and a services hub. The services hub is configured to communicate with the payer device and the payee device; maintain information relating to a payer account and access device information associated with the payer account, the payer account being linked to the access device; generate a tracer ticket in response to a request issued by the payer using either the payer device or the payee device, the tracer ticket containing information relating to the payment transaction; validate the access devices; and authorize the payment transaction against the payer account through conventional payment processing systems. Upon receiving the request from the payee device for the tracer ticket, the services hub generates the tracer ticket and forwards a copy thereof to the payer via the payee device. Upon receiving the copy of the tracer ticket, the payer uses the payer device to communicate with the services hub and forward the received copy of the tracer ticket to the services hub. The services hub then validates the payer device based on the access device information. Upon validation of the payer device, the services hub checks the copy of the tracer ticket forwarded by the access device against the previously generated tracer ticket. If the copy of the tracer ticket forwarded by the access device corresponds to the previously generated tracer ticket, the services hub authorizes the payment transaction against the payer account.03-29-2012
20120078790REAL-TIME INTERCHANGE FEE ESTIMATION - Few merchants are in a position to understand how changes to processes or procedures may alter the issuer risk and/or subsequent transaction processing costs. Merchants would prefer to be provided with estimated Interchange fees associated with a financial transaction in real-time. To provide a merchant with an estimated Interchange fee in real-time, a financial transaction request may be received from the merchant and used to determine the estimated Interchange fee. The estimated Interchange fee may then be transmitted to a merchant in real-time. The estimated Interchange fee may be representative of an actual Interchange fee associated with a financial transaction. Estimated Interchange fees may be provided as part of an authorization or settlement processing method.03-29-2012
20120078789OFFLINE TO ONLINE PAYMENT - A payer submits a payment request when there has been no connection established with an online payment provider. The payment request is stored on the payer's device, such as a phone, and is transmitted to the payment provider when a connection is established. The payer can submit a plurality of offline payment requests, all of which can be transmitted and processed when received by the payment provider.03-29-2012
20120078788TRANSACTIONS BY FLICKING - A user can transfer items, such as a money, a payment request, virtual goods, listings, etc., by flicking the item on a user device, such as a smart phone. The selected item then moves out of the display and onto the display of a recipient device. The transfer can be completed when the user and recipient have an established trust relationship or authorize the transfer.03-29-2012
20120078787Mobile Agent Methods and Systems - Methods and systems are described for providing financial services to a disaster area. Biographical information may be received from a disaster victim. A first image may be captured of the disaster victim's face. The first image of the disaster victim's face and the biographical information may be transmitted to a remote server system via wireless communications. The biographical information may be compared to a plurality of biographical records linked to staged financial transactions stored at the remote server system. A match between the biographical information received from the disaster victim and a biographical record of the plurality of biographical records may be identified, wherein the biographical record is linked to a staged financial transaction. An indication of an amount of funds to be distributed may be provided to the disaster victim. The funds may be provided to the disaster victim.03-29-2012
20090099966METHOD AND SYSTEM FOR VERIFYING USE OF A FINANCIAL INSTRUMENT - A system of verifying a purported registrant's ownership or control of a payment instrument includes a communication device, a memory and a processor coupled to the communication device and to the memory. A payment instrument verification module stored in the memory and executable by the processor is adapted to receive information relating to the payment instrument from a registrant, initiate a financial transaction involving the payment instrument via the communication device, generate a dispute amount for the financial transaction, receive via the communication device a notification from a financial institution of the registrant that the financial transaction has been disputed by a comparison amount and compare the comparison amount with the dispute amount for purposes of verifying the payment instrument.04-16-2009
20090094157Account Protection With One Sided Access - A first account number and a second account number are created for an account. The first and second account numbers are associated with the account and can be used for transactions with the account. A first subset of operations is associated with the first account number and a second subset of operations is associated with the second account number. A subset of operations includes operations that are restricted to a party that has access to the account number. Accordingly, the first party that has access to the first account number is restricted to the operations found in the first subset of operations when transacting with the account. Also, a second party that has access to the second account number is restricted to the second subset of operations when transacting with the account.04-09-2009
20090210344SYSTEM AND METHOD FOR PROVIDING DATA FOR USE IN REDUCING FRAUDULENT TRANSACTIONS BETWEEN HOLDERS OF FINANCIAL PRESENTATION DEVICES AND MERCHANTS - System and method for providing an address verification response associated with a financial presentation device being used to conduct a transaction with a merchant. The system includes a memory storing addresses of holders of financial presentation devices and a date corresponding to a last change of address associated with each financial presentation device, and an address verification program which is operable to receive a request from the merchant to verify an address associated with the financial presentation device; determine a temporal indicator identifying a time period since a holder of the financial presentation device last changed the address; and provide the determined temporal indicator with the address verification response to the merchant.08-20-2009
20090006254VIRTUAL PREPAID OR CREDIT CARD AND PROCESS AND SYSTEM FOR PROVIDING SAME AND FOR ELECTRONIC PAYMENTS - A virtual credit card, as a set of data, free of a physical substrate, the data being adapted to authorize a person who is in possession thereof to pay for a product or service, in particular in the framework of an online transaction, the data set being produced on the basis of a credit card account or a pre-payment and in response to a user authentication procedure involving an evaluation of biometric features of a user, in particular of his/her voice profile, and being available at a telecommunication terminal, in particular a mobile phone, of the authenticated user.01-01-2009
20110231315METHOD AND SYSTEM FOR MAKING SECURE PAYMENTS - The invention discloses a method, system and computer program product for making secure payments. A customer selects one or more items to be purchased. The customer then enters an authentication detail and a dynamic password, also referred to as a One Time Password (OTP), on an Electronic Data Capture device for authenticating the payment. Based on the authenticity of the OTP and the authentication details, a payment request is sent to an organization for completing the payment.09-22-2011
20090106153SECURING CARD TRANSACTIONS - A system for approving transaction card transactions in which a card reader associated with a transaction approving authority (TAA). A source for complementary security data is linkable to the TAA can send data to the TAA, and a database linkable to the TAA keeps renewable security data of a user. A database linkable to the TAA keeps records of geographical locations of subscribed businesses. The system of the invention is applicable as a countermeasure against identity theft.04-23-2009
20090106152MONEY TRANSFERS UTILIZING UNIQUE RECEIVER IDENTIFIER - Methods, systems, and machine-readable media are disclosed for financial transfers utilizing a unique identifier to facility flexible payment options for the transaction. According to one embodiment, a method for supporting a money transfer transaction can comprise receiving a request to initiate the money transfer transaction. The request can include a unique identifier for a recipient of the money transfer transaction. A destination for transferring funds for the money transfer transaction to the recipient can be determined based at least in part on the unique identifier for the recipient. The funds for the money transfer transaction can be transferred to the determined destination and the recipient can be notified of availability of funds at the determined destination.04-23-2009
20090106150UNIFIED IDENTITY VERIFICATION - Apparatus, systems, and methods are disclosed that operate to register one time, at a financial entity, information comprising an identity uniquely associated with an individual having a financial account held by the financial entity. Additional actions include receiving a request at the financial entity from a requesting party to authenticate a customer purporting to be the individual, authenticating, by the financial entity, the customer as the individual by matching a token presented by the customer to the identity uniquely associated with the individual, and providing to the requesting party a previously-authorized portion of a profile associated with the individual. Additional apparatus, systems, and methods are disclosed.04-23-2009
20120197801MERCHANT PAYMENT SYSTEM AND METHOD FOR MOBILE PHONES - A method and system for processing a payment for a transaction with a merchant by a customer via a customer's mobile phone is disclosed. The method and system utilizes a customer mobile identifier comprised of an Issuer's BIN and the customer's telephone number. The merchant enters a customer's mobile phone number into the POS terminal and a transaction amount. This generates a transaction authorization request message in the POS terminal. The request is sent to the customer's mobile phone. The customer then selects a funding account. The amount and merchant's authorization request is then sent to the funding institution to authorize the transaction. Upon verification of account balance, the institution debits the funding account, and sends an approval message to both the customer's mobile phone and to the merchant's POS terminal.08-02-2012
20120197803DUAL LAYER AUTHENTICATION FOR ELECTRONIC PAYMENT REQUEST IN ONLINE TRANSACTIONS - Increasing the security of online payment requests by introducing a dual-layer authentication system for accessing the funds and/or credit through payment cards is described. An additional check regarding the identity of a card user to be included within a traditional security protocols for these cards, wherein the additional check is based on an authentication channel which is external to the user's card. A device owned by the legitimate card owner certifies that the user of the card at any given instant is the legitimate owner of the card and not someone else. To process this additional information, a connection by means of a proximity based device is established.08-02-2012
20090254480SYSTEM AND METHOD FOR PREVENTING GIFT FRAUD - A gift card uses a fraud code stored on a magnetic stripe of the card to prevent fraudulent transactions. When the gift card is purchased at a POS terminal at a merchant location, a gift card account number stored on the magnetic stripe is read, and sent to a gift card system. The gift card system activates the card and generates the fraud code and returns it to the POS terminal, where a card encoder writes the fraud code onto the magnetic stripe. When the gift card is used to conduct a transaction, the transaction is permitted only if a valid fraud code is stored on the magnetic stripe.10-08-2009
20100179906Payment authorization method and apparatus - When a customer (07-15-2010
20100169214SYSTEM AND METHOD TO INITIATE FUNDING OF MULTIPLE MERCHANT ACCOUNTS - A system to initiate funding of a plurality of merchant accounts may include one or more computers configured to receive input specifying at least one payment item having a payment amount, determine a convenience fee based on the at least one payment amount, select a first merchant account based on the at least one specified payment item, and select a second merchant account associated with the convenience fee. The one or more computers may also be configured to receive a single input specifying credit card information, link the payment amount, received credit card information and the first merchant account to form a first transaction, and link the convenience fee, received credit card information and second merchant account to form a second transaction. The one or more computers may further be configured to submit the first and second transactions to a credit card authorization network, receive response data from the credit card authorization network for the first and second transactions indicating whether the first and second transactions are authorized, and generate output representing a receipt for the first and second transactions if the first and second transactions are authorized.07-01-2010
20120197802METHOD AND SYSTEM FOR DETERMINING FRAUD IN A CARD-NOT-PRESENT TRANSACTION - A computer system for fraud detection associated with a card-not-present payment card system is provided. The system includes a network host site and an interchange network including a processor communicatively coupled to a memory device for storing data and to the network host site wherein the processor is programmed to receive a card transaction authorization request message from a merchant, route the card transaction authorization request to the network host site to perform CNP fraud risk scoring, and based on the criteria of the card transaction authorization request, call at least one of a plurality of fraud scoring models defined for criteria of the transaction authorization request. The processor is further programmed to calculate the fraud risk score based on the current transaction authorization request data and an updated card account profile, and transmit the message to an issuer of the payment card for approval of the request.08-02-2012
20090299903Non-Cash Cash-on-Delivery Method and System - The present invention provides a method and system for non-cash cash-on-delivery. In the conventional process of the cash-on-delivery in logistics, a wireless communication apparatus is provided to read the information of the identification docket number and a non-cash payment tool, and the information is transported to the logistics server so as to accomplish the mechanism of the collecting-and-paying for another with a financial institution.12-03-2009
20080215488Payer-Based Account Porting To Portable Value Distribution Systems And Methods - A value distribution method includes enrolling a payee into a source program through which the payee receives funds from a payer. The source program includes a stored value account into which the payer deposits the payee's funds. The stored value account has account information associated therewith. The method also includes receiving a porting trigger, and, in response to the porting trigger, establishing a target program for the payee. The target program includes a target account into which entities in addition to the payer may deposit funds. The method also includes porting at least a portion of the account information from the source program to the target program.09-04-2008
20120197799Secured Charge Card - According to one or more aspects, financial transactions may be conducted using a financial card product, such as a charge card secured through a security interest in an asset. The asset may be the available balance in an interest-bearing checking account (e.g., a DDA account), a brokerage account, or other type of account that may hold funds/assets. The available balance may be monitored in real-time (or near real-time) such that the available spending limit on the secured charge card may be floating (e.g., dynamic). In one example, backend systems may be configured to monitor in real-time an available balance in security accounts in order to prevent spending over the amount of secured funds. In addition, in some examples, more than one account may be associated with a secured charge card such that the total spending limit on the card is greater. The total spending limit may be calculated through arithmetic (e.g., sum) of the available balance of each of the associated accounts.08-02-2012
20100211504METHOD OF PERFORMING TRANSACTIONS WITH CONTACTLESS PAYMENT DEVICES USING PRE-TAP AND TWO-TAP OPERATIONS - A system, apparatus, and method for processing payment transactions that are conducted using a mobile payment device that includes a contactless element, such as an integrated circuit chip. The invention enables one or more of the operations of activation of a payment application, transfer of transaction data, updating of account records, setting or re-setting of a payment application counter or register, or transfer or processing of a script, command, or instruction, with these functions being performed with minimal impact on a consumer. This is accomplished by introducing a pre-tap and/or two-tap operation prior to, or as part of, the transaction flow.08-19-2010
20100217709APPARATUS AND METHOD FOR PREVENTING UNAUTHORIZED ACCESS TO PAYMENT APPLICATION INSTALLED IN CONTACTLESS PAYMENT DEVICE - A system, apparatus, and method for preventing the unauthorized access to a payment application installed on a mobile payment device, or to transaction data stored in the device. The mobile payment device may be a mobile phone that includes a contactless element (such as a contactless smart chip) and that is capable of communication and data transfer using a wireless communications network and a near field communications capability. Unauthorized access to the payment application is prevented by requiring that access control data be received from a trusted source, such as a controller or application in charge of managing inputs from a phone keypad, in order to activate the payment application or to access stored data.08-26-2010
20120197800Hybrid Secured Credit Card - According to one or more aspects, financial transactions may be conducted using a financial card product, such as a hybrid secured credit card that permits transactions up to a predetermined total credit limit, and then allows transactions in excess using a security interest in assets. The asset may be the available balance in an interest-bearing checking account (e.g., a DDA account), a brokerage account, or other type of account that may hold funds/assets. The available balance of the asset(s) may be monitored in real-time (or near real-time) such that the available spending limit on the hybrid secured credit card may be floating (e.g., dynamic). In one example, backend systems may be configured to monitor in real-time an available balance in security accounts in order to prevent spending over the amount of secured funds. In addition, in some examples, more than one account may be associated with the card such that the total spending limit on the card is greater. The total spending limit may be calculated through arithmetic (e.g., sum) of the available balance of each of the associated accounts.08-02-2012
20100153270AUTHENTICATION OF MESSAGE RECIPIENTS - A user receives a message via a network service platform at their mobile handset. The user is required to input a PIN, password or other authentication data, before the received message is displayed. The service platform generates a partial encryption key and embeds this within a message which is subsequently encrypted and transmitted to the receiving device. The receiving device or handset receives the message and decrypts it using a previously stored pseudo-random seed, combined with a user entered PIN. The receiving device or handset extracts the partial key delivered with the message and uses this key data to generate a new pseudo-random seed which, in turn, is used to generate a sequence of characters in apparently random order. This sequence of characters or numbers is presented in a text-only form with a cursor or other highlighting method selecting the first character in the pseudo-random sequence. The user is then able enter their PIN by using cursor control keys, such as the right/left keys. The device or handset validates the data entry, assuming that the secure data is valid, displays the message content.06-17-2010
20100153272MOBILE DEVICE INITIATED TRANSACTION - One embodiment of the invention is directed to a method including receiving an alias identifier associated with an account associated with a presenter, determining an associated trusted party using the alias identifier, sending a verification request message to the trusted party after determining the associated trusted party, and receiving a verification response message06-17-2010
20100145854SYSTEM AND METHOD TO ENABLE A SECURE ENVIRONMENT FOR TRUSTED AND UNTRUSTED PROCESSES TO SHARE THE SAME HARDWARE - The invention relates to systems and or methodologies for enabling a secure environment for trusted and untrusted processes to share the same hardware. A separation component segregates, isolates, or otherwise separates trusted and untrusted processes and/or scripts to ensure that payment card industry and PIN entry device security standards are maintained.06-10-2010
20100241567METHODS AND SYSTEMS FOR VERIFYING CUSTOMER SUPPLIED FINANCIAL ACCOUNT INFORMATION USING DEBIT AND CREDIT TRANSACTIONS - Embodiment of the invention describe methods and systems for verifying customer supplied financial account information verification using debit and credit transactions. These methods include electronically transmitting an electronic debit and credit transaction to the customer financial account, based on the customer supplied financial account information. The method also includes electronically transmitting a first statement descriptor, as part of at least one of the electronic debit transaction and the electronic credit transaction, that includes a first verification code. The method also includes electronically receiving, from the customer, a second verification code, and comparing, by the computer system, the transmitted first verification code with the received second verification code with respect to each other. The method also includes verifying, by the computer system, the customer supplied financial account information based on the comparison of the verification codes.09-23-2010
20100241565Transmission of sensitive customer information during electronic-based transactions - An exemplary method is implemented by a payment gateway for processing electronic transactions. A token-ID that is unique to each transaction is generated, and on receiving a request to initiate an electronic transaction from a merchant server, a first message is transmitted to the merchant server that includes a first token-ID. A communication is received from an electronic device of a cardholder that contains information about the cardholder's credit card account and the first token-ID. A record is stored that includes the first token-ID and information enabling the credit card account of the cardholder to be identified. On receiving a second request, that includes the first token-ID, from the merchant server for payment of a specified amount, the credit card account of the cardholder to be debited for the requested payment is identified based on the token-ID. A determination is made if the cardholder's credit card account was successfully debited for the requested payment, and a second message is transmitted to the merchant server that specifies if the requested payment transaction was successfully completed.09-23-2010
20100228670System and Method for Account Level Blocking - A system and method are disclosed. The method includes receiving, at a server computer, a transaction clearing request for a transaction, and then determining, using the server computer, if the transaction satisfies a stored blocking parameter. The method further includes allowing, using the server computer, the transaction clearing request if the transaction does not satisfy the stored blocking parameter, and denying, using the server computer, the transaction clearing request if the transaction satisfies the stored blocking parameter.09-09-2010
20100228671SYSTEM AND METHOD FOR ACCOUNT LEVEL BLOCKING - A system and method are disclosed. The method includes receiving, at a server computer, a transaction clearing request for a transaction, and then determining, using the server computer, if the transaction satisfies a stored blocking parameter. The method further includes allowing, using the server computer, the transaction clearing request if the transaction does not satisfy the stored blocking parameter, and denying, using the server computer, the transaction clearing request if the transaction satisfies the stored blocking parameter.09-09-2010
20090076959SYSTEM AND METHOD FOR BROKERING AD HOC PERSONAL IDENTIFICATION TRANSACTIONS BETWEEN TWO CONSENTING PARTIES - Disclosed is a computer-based system and method for conducting ad hoc personal identification, or ID, transactions between at least two or more persons by means of a personal identification transaction apparatus attached to at least two communications channels. The personal identification transaction apparatus is intended to assist the interaction between two persons by brokering an identification transaction thus alleviating the exchange of detailed information necessary to confirm an identity, particularly that portion of a person's identity that is related to the purpose of the interaction between two persons. A component of the personal identification transaction apparatus includes a identification transaction order generation unit that provides a score associated with each user party to the transaction, as well as the transaction itself.03-19-2009
20100223183Systems and Methods to Provide Information - Systems and methods are to provide information to facilitate online transactions via mobile communications. In one aspect, a system includes a data storage facility to store and associate personal information of a user with a telephone number of the user, and an interchange coupled with the data storage facility. The interchange includes a common format processor and a plurality of converters to interface with a plurality of different controllers of mobile communications. The converters are configured to communicate with the common format processor in a common format and to communicate with the controllers in different formats. The interchange uses the converters to communicate with the mobile phone of a user to approve the providing of the personal information from the data storage facility to a website.09-02-2010
20120036074MOBILE SYSTEM FOR EXACTING PARKING TOLLS - Mobile systems are provided for charging electronic toll collection accounts for parking fees. The systems are configured to wirelessly request and receive tag data from an electronic toll device. Some embodiments include a vehicle and a boom, some embodiments include a handheld device, and other embodiments include combinations thereof. Methods of charging an electronic toll payment system are also provided. A mobile scan system wirelessly requests and receives tag data from an electronic toll device on a customer's vehicle which is checked for validity, and then an electronic toll collection account is charged a fee for parking.02-09-2012
20100241566PAYMENT SYSTEM AND METHOD USING MESSAGE TRANSMISSION - Provided are a payment system and method using message transmission. The payment system using message transmission includes an indicator recognizing unit and a message transmitting unit. The indicator recognizing unit recognizes a payment request indicator included in a payment request message which is transmitted from a collector terminal to a remitter terminal. The message managing unit inserts a payment means into the payment request message so as for the payment means to be output on the remitter terminal when the payment request indicator is recognized, wherein the payment means performs payment according to a payment performing input from the remitter terminal. Due to such a construction, the payment request message can be distinguished from general messages, and the payment means can be inserted into only the payment request message. Therefore, if there is a payment request input on a message screen, the payment can be immediately performed. Accordingly, it is possible to simplify payment steps and to reduce inconvenience of payment. In addition, it is possible to reduce a security danger such as personal information leakage and to facilitate payment between persons.09-23-2010
20080319904SEEDING CHALLENGES FOR PAYMENT TRANSACTIONS - Systems, methods, and apparatus are provided for authenticating a consumer using challenge questions. A response to a challenge question is verified via seeding the challenge question, receiving response, and deductively determining the answer. The verified response and challenge question may then be used to authenticate a consumer as part of an authorization process.12-25-2008
20100235280METHOD AND SYSTEM TO VERIFY A TRANSACTION - A method and system to verify a transaction are described. The system may include an escrow module to receive funds from a client, a communication module to receive a request from the provider to redeem a provider set of tokens, and a redemption module to selectively redeem the provider set of tokens. The funds received by the escrow module are associated with a transaction between the client and a provider. The redemption module may be configured to examine the provider set of tokens and selectively redeem the provider set of tokens based on the results of the examination.09-16-2010
20100235279ONLINE TRANSACTION VALIDATION USING A LOCATION OBJECT - A method that comprises obtaining from end user equipment a location object caused to be stored on the end user equipment by a service provider; and validating an online transaction attempted using the end user equipment, based at least in part on the location object so obtained. The method may further comprise obtaining transaction object information provided via the end user equipment; and obtaining information to assist in validating online transactions attempted using the transaction object information. The validating of the online transaction may comprise comparing a location specified by the location object to the information to assist in validating online transactions attempted using the transaction object information and taking a validation action based on a result of the comparing.09-16-2010
20100228672SYSTEM AND METHOD FOR EXECUTING AN ELECTRONIC PAYMENT - A computer-implemented system and method for processing an electronic payment. The system and method provides for storage of at least one customizable business rule, which is set by a user, a merchant, a business and/or a third party entity. Upon receipt of electronic digital information relating to a financial transaction between a first entity and a second entity, the system and method initiate execution of an electronic payment from the second entity to a third entity that is controlled by the at least one customizable business rule.09-09-2010
20100250436MOBILE CUSTOMER SERVICE CENTERS WITH A MOBILE PICKUP MODEL - Methods and systems for redirecting the funds in a money transfer transaction are provided. The redirection of funds can be accomplished through a money redirection system. The redirection process can be initiated through a request from a recipient of the funds to change the destination of the money transfer from an intended destination to a new destination. The recipient can provide the money redirection system with a transaction identifier and with recipient identification information so that the money redirection system can verify that the recipient making the money redirection request is the recipient associated with the money transfer. After the money redirection system has verified the identity of the recipient, the money redirection system can direct a money transfer facilitator to redirect the funds.09-30-2010
20100250435CARDHOLDER SYSTEM WITH IMPROVED SECURITY FUNCTIONS AND CORRESPONDING METHODS - A cardholder system for holding electronic cards used for transactions includes a cardholder having a fraud protection mechanism. The system allows access to a card or to information stored on the card only upon entry of data uniquely identifying the owner of the system and the card or cards contained cardholder. Upon receipt of this identifying data, a card may be removed from the cardholder. The cardholder may also be used for contactless payment transactions without removing the card from cardholder. Accordingly, the cardholder includes an RFID tag or transponder for communication to a BLINK terminal, and the data required for the contactless transaction are transferred from a card in the cardholder to the RFID tag or transponder upon acceptance of the identifying data.09-30-2010
20100211503Double Verified Transaction Device and Method - The disclosed technology comprises methods and devices whereby a device associated with a payer or user, such as a handheld wireless device, communicates an authorization to pay a merchant and also communicates to a financial institution, either directly or indirectly, a version of the authorization. A confirmation of the payment after verification of each communication is then received, in embodiments of the disclosed technology. In this manner, a transaction is carried out only after the device authorizes the transaction to both a merchant and a financial institution, the authorizations taking place substantially simultaneously or being delayed until both authorizations can be sent out from the device.08-19-2010
20130218774AGE VERIFICATION SYSTEM AND METHOD FOR EFFICIENT HANDLING OF AGE VERIFICATION REQUESTS - The disclosure relates to an age verification system and method for settling age verification requests. An age verification request is made unavailable for a processing display unit and other display units during a time interval when the processing unit processing the age verification request does not settle the age verification request and issues an instruction for a customer at the supplier system. The instruction from the display unit to the supplier system is configured to generate a message for the customer at the customer terminal relating to the consumer image or the document image. The age verification request is made available again for settling at the display units when the time interval during which the age verification request was unavailable has expired.08-22-2013
20130218776MONEY ALLOCATION SYSTEM - At a high level, software 08-22-2013
20100082487SYSTEMS AND METHODS FOR MANAGING A VIRTUAL CARD BASED ON GEOGRAPHICAL INFORMATION - A method for using a virtual card is provided. In one example, the method includes identifying a geographic identifier for a mobile computing device and matching the geographic identifier with at least one virtual card associated with the mobile computing device. The method further includes triggering at least one virtual card feature based on a matched geographic identifier. In some examples, the at least one virtual card feature includes presenting the at least one virtual card with the matched geographic identifier. In other examples, the at least one virtual card feature includes a security feature including selectively enabling a virtual card transaction based on the at least one virtual card with the matched geographic identifier.04-01-2010
20100114777Administration of Dual Component Financial Instruments - Methods and systems for administering a dual component financial instrument (DCFI) are described. The DCFI includes a revolving loan component and one or more installment loans. A holder of the DCFI account can use the revolving loan to pay for expenses, e.g., educational expenses. At predetermined intervals, e.g., annually on the anniversary date of the DCFI account, a new installment loan is automatically created on behalf of the account holder to pay off the revolving loan. Automatically creating an installment loan to pay off the revolving loan frees up the revolving loan for use by the borrower to pay for expenses during the next interval, e.g., the next school year, and allows the lender to quickly and efficiently securitize portions of the funds provided to the borrower.05-06-2010
20100100482Intermediate Data Generation For Transaction Processing - An indirect transaction processor performs rules based processing to verify online transactions. The indirect transaction processor can match indirect indirect data sets to valid data sets used in conventional transaction approval to provide users anonymity in transactions. User approval of transactions can also be implemented, as can other business rules to permit delegated approval and authorization.04-22-2010
20120143759PROCESSING A FINANCIAL TRANSACTION USING SINGLE-USE FINANCIAL ACCOUNT CARD NUMBER VIA PORTABLE COMMUNICATION DEVICE - System(s), method(s), and device(s) that generate and use single-use financial account card numbers (SUFACNs) to facilitate secure processing of financial transactions are presented. A user registers a financial account(s) with a financial transaction platform (FTP), a user profile comprising user-related information is created, and a personal identification number (PIN) is associated with the user. When making a purchase locally or online, the user's portable communication device (PCD) accesses the FTP via an application or web site, the PCD synchronizes with the FTP, and the PCD and FTP each respectively generate the same SUFACN(s) based in part on time of generation and PIN. The SUFACN is presented to the seller's register component via scanning (e.g., when SUFACN is a barcode) or entering the SUFACN. The register component sends the SUFACN to the FTP, which interacts with the user's financial account(s) to facilitate payment.06-07-2012
20120143761SOCIAL NETWORK PAYMENT SYSTEM - A method for providing social network payments includes receiving a request to make a payment. The request is associated with a social network payer and a social network payee. It is determined that the social network payer is associated with a first payment provider identifier and an authorization token, and a second payment provider identifier for the social network payee is then retrieved using the authorization token. An instruction to make a payment from the social network payer to the social network payee is then transmitted to a payment service provider. The instruction includes a payment amount, the first payment provider identifier, and the second payment provider identifier. A payment alert is also adapted for a payee social network associated with the social network payee, and the payment alert is send to a social network provider device associated with the payee social network.06-07-2012
20120143758Account Transfer Techniques - Account transfer techniques are described. In one or more implementations, a user interface is output by a mobile communication device that describes funds in an account. The account is usable by the mobile communication device to purchase goods or service and the purchase performable at least in part using credentials stored in a secure element implemented in hardware of the mobile communication device. An input is received via interaction with the user interface to authorize a transfer of funds from the account associated with the mobile communication device to another account usable by another mobile communication device to purchase goods or services.06-07-2012
20120246074Service Enhancements Using Near Field Communication - A near field communication (NFC) mobile device may obtain location information from a NFC terminal device that is communicating with the NFC mobile device. A data transfer link may be established between the NFC mobile device and a mobile telecommunication network. The mobile telecommunication network may prompt the NFC mobile device to obtain location information from the NFC terminal device. The mobile telecommunication network may then receive the location information from the NFC mobile device via the data transfer link, and may subsequently determine a location of the NFC mobile device using the location information.09-27-2012
20090327135CREDIT CARD PAIRED WITH LOCATION IDENTIFIABLE DEVICE FOR POINT OF SERVICE FRAUD DETECTION - A method and apparatus for identifying attempted fraud using a consumer account in real time, the method comprising the steps of determining when a consumer account is used to attempt to obtain a resource from a resource provider, determining whether a consumer apparatus that is associated with the consumer account is located at a location associated with the resource provider and indicating that the resource provider should provide the resource when the consumer apparatus is at a location associated with the resource provider.12-31-2009
20100191649SYSTEM AND METHOD FOR PERFORMING ELECTRONIC TRANSACTIONS - In an embodiment, an arrangement for executing electronic card payment transactions includes first card reading means (07-29-2010
20090171843UNIVERSAL FUNDING CARD AND DELAYED ASSIGNMENT OF A FUNDING INSTRUMENT FOR A FINANCIAL TRANSACTION - A universal funding card and the delayed assignment of a funding instrument for a financial transaction are described herein. In one embodiment, a system for facilitating a financial transaction comprises a communications interface; a database storing data regarding a user and a plurality of funding instruments associated with that user; and a payment processing system configured to receive a request for payment authorization from a merchant via the communications interface, to authorize payment to the merchant prior to selection of a funding instrument, and after authorizing payment to the merchant, receive instructions regarding a funding instrument to debit for the payment.07-02-2009
20090216676INTEGRATED MOBILE TRANSACTION SYSTEM AND METHODS THEREOF - An architectural transaction arrangement for facilitating transactions is provided. The arrangement includes a set of transaction-enabled devices and an integrated mobile transaction system. The integrated mobile transaction system is configured to include at least a set of interfaces, which is configured for managing interaction between the set of transaction-enabled devices and the integrated mobile transaction system. The integrated mobile transaction system is also configured to include a format converter, which is configured to convert data packets into a format readable by at least one of the set of transaction-enabled devices and the integrated mobile transaction system. The integrated mobile transaction system is further configured to include a transaction module, which is configured to process the transactions (e.g., financial transactions, non-financial transactions, etc.) and a set of databases, which is configured for at least storing data about a set of in-system users of the integrated mobile transaction system.08-27-2009
20080313080Method and Apparatus for Controlling the Transfer of Private Information in a Communication System - Methods and systems for selectively transferring confidential or private information to a user of a communication device are disclosed. In an exemplary method, a trigger event is detected at a first communication device, resulting in the retrieval of a data object for transmission to a second communication device. If the data object includes private or confidential information, consent of a user of the first communication device is required before the data object may be sent to the second communication device. In some embodiments, consent is obtained by explicitly requesting consent from a user. In others, consent may be deemed under pre-determined circumstances.12-18-2008
20090319428Authorizing An Electronic Payment Request - An electronic payment request is authorized using a plurality of electronic codes. A first code is requested from a user on receipt of a payment request made with a payment card configured with one or more details of one or more devices in the possession of one or more owners of the card. The payment is refused in the event the first code does not substantially match a predefined second code. A third code is requested from the one or more devices with whose details the payment card is configured if the first code substantially matches the second code. The third code is compared with a predefined fourth code. The payment is refused in the event the third code does not substantially match the fourth code, while the payment is authorized in the event the third code substantially matches the fourth code.12-24-2009
20090319427Methods for electronic payments using a third party facilitator - Methods for processing payments electronically over a network-based system wherein a third party or intermediary simplifies payment transactions by making them on behalf of individuals to the end payment recipient without providing individual account information as the basis for the payment.12-24-2009
20090112765SYSTEM AND METHOD FOR VALIDATION OF TRANSACTIONS - A financial institution may flag suspicious transactions that are conducted using an NFC-enabled mobile phone. The account holder establishes a second PIN that is separate from the primary PIN used by the customer to authenticate transactions. When a transaction is flagged, a message is sent to the customer at the mobile phone requesting entry of the second PIN. If the second PIN is not correctly entered, activity on the account is suspended.04-30-2009
20100198728OVER THE AIR MANAGEMENT OF PAYMENT APPLICATION INSTALLED IN MOBILE DEVICE - Systems, apparatus, and methods for managing a payment application installed on a mobile device, such as a mobile phone are provided. An Issuer of a payment device can remotely control the payment application by instructing a wireless network carrier or operator to transmit a message to the mobile phone, where the message contains an instruction to perform an operation related to the payment application. The Issuer can remotely reset a counter or a password associated with the payment application, lock or unlock a payment application, and set the access control data to a predetermined value, to prevent unauthorized use of the payment application in the situation in which the mobile phone is lost or stolen, or the Issuer desires to limit access to the payment application for other reasons, such as limiting its exposure to unauthorized uses of the payment device.08-05-2010
20090112768PAYMENT TRANSACTION USING MOBILE PHONE AS RELAY - Systems and methods of conducting a payment transaction using a mobile phone as a relay. The systems and methods receive transaction information associated with a transaction at a mobile communication device from a merchant. They send the transaction information with the mobile communication device to an issuer associated with the mobile communication device. The issuer thereafter sends an authorization response message to the merchant.04-30-2009
20090112767ESCROW SYSTEM AND METHOD - A system and method for conducting purchasing transactions using escrow. A central processing entity secures the terms to a purchasing transaction on behalf of the various parties to the transaction. Once the terms of the purchasing transaction are agreed upon, the central processing entity holds any funds used in the transaction in escrow until confirmation is received that a supplier's contractual obligations have been fulfilled.04-30-2009
20100223184Sponsored Accounts For Computer-Implemented Payment System - Systems and methods for primary and sponsored accounts are provided. A system may include an account processor to execute software instructions for creating and managing electronic payment accounts and an accounts database to store account data from the account processor. The account processor may be configured to create a primary account and a sponsored account in the accounts database. The primary account may be associated with a primary account holder who has access to the primary account to add and remove funds. The sponsored account may be associated with both the primary account holder and a sponsored account holder, where the primary account holder has access to the sponsored account to transfer funds between the primary account and the sponsored account in order to add and remove funds from the sponsored account, and the sponsored account holder has access to the sponsored account for making transactions using funds in the sponsored account.09-02-2010
20100299260PAY YOURSELF FIRST WITH REVENUE GENERATION - The system identifies a revenue producing opportunity for a user. The system obtains information related to the user's income, income sources, user's debts (e.g., bills) and user's goals. The system identifies a revenue producing opportunity for the user by matching user information with information regarding the opportunities. The system further provides recommendations related to the prioritization of paying certain bills and the amount to pay for each bill based upon, for example, savings goals, a community recommendation, minimizing penalties/fees associated with user's debts, minimum amounts due, due dates and available income. The system and/or the user may then determine a payment hierarchy which includes transferring funds to the user's savings account prior to paying all or a portion of certain bills, wherein the transfer of funds may include different funds transfer systems and methods.11-25-2010
20100280952METHOD, APPARATUS AND SYSTEM FOR IMPLEMENTING VERIFICATION AND PAYMENT IN CONTENT SERVICE - Method for implementing verification and payment in content services is provided. The method includes: pre-configuring a payment-related interface between a content service provider and an instant messaging service provider; providing the payment-related interface in a function library which further provides the instant messaging service's login verification interface; modifying the function library and a first jar package including a content service program provided by the content service provider, which includes: injecting the login verification interface and the payment-related interface provided in the function library into the first jar package and configuring the login verification interface as to be called before the content service program is executed; and combining the modified first jar package and function library to form a second jar package, modifying the value of attributes originally belonging to the first jar package in the second jar package to make the modified value of the attributes reflect corresponding attributes of the second jar package. A corresponding apparatus and system are also provided.11-04-2010
20100306110M-COMMERCE VIRTUAL CASH SYSTEM, METHOD, AND APPARATUS - A virtual cash system, method, and apparatus has an account record containing a record of money amounts associated with a wireless device and a transmitter for wirelessly transmitting to the wireless device predetermined information from the account record. Cash amounts can be spent from the account record directly from the wireless device via information derived from the wireless device via a bar code on the display, a short range radio signal, a light beam, or the like. A different security code is generated for each account transaction for verification.12-02-2010
20100306109Method, system, server and computer program for services - The invention is related to a system, comprising: an authentication server configured to carry out authentication based on a user identity module for defining a user identification; an authorization server configured to check information on user's entitlement to services based on the user identification; a gateway server configured to establish a secured connection, receive a payment message from a service server, forward the payment message to the user, receive a message comprising user's acceptance of a payment transaction, convey the user's acceptance of the payment to the service server, and add the user identification to the secured connection or the message comprising the user's acceptance of a payment transaction; and a service server configured to secure a payment transaction by using the user identification.12-02-2010
20100306108EMERGENCY FINANCIAL RESERVE ACCESSIBLE DURING A COVERED EVENT - A system and method for providing emergency reserve conditional credit to a customer of a financial institution. The emergency conditional credit may be provided to the customer in the form of a line-of-credit or a loan based on the occurrence of a predetermined condition, such as involuntary unemployment, disability or the like. The emergency reserve product of the present invention is a product that can be offered through a financial institution or other ER-providing entity and, as such, does not require the level of regulation required of an insurance product. The invention also provides for the emergency reserve product to be offered in conjunction with a debt cancellation feature, referred to as emergency reserve protection, which serves to cancel the outstanding debt associated with the loan or line-of-credit.12-02-2010
20090070264Data processing card based copy bill payment capability - A method of authorizing and processing payment for a print job for a preferred user includes determining that a preferred data processing card has funds. If there are no funds, adding funds or obtaining information from the preferred user to access or establish a preferred user account to authorize processing of the print job; enabling the running of a print job at a print device; debiting funds from the account; and enabling completing at least a portion of the print job. A method of processing at least one of processing and payment information for a print job includes providing a data processing card that includes computer-readable data relating to processing information and/or payment information for a print job, wherein the payment information indicates at least one payment source associated with a user, and wherein the card further includes computer-readable data corresponding to user information relating to processing and/or payment for a print job.03-12-2009
20090070261SYSTEM FOR IDENTIFYING AN INDIVIDUAL AND MANAGING AN ACCOUNT - The present invention provides a method for managing an account for an unidentified individual by communicating with the unidentified individual who is using a device to communicate which transmits an identifier associated with the origin of the communication, obtaining from the unidentified individual a group of characters associated with the unidentified individual's personal information, comparing the group of characters to a database including a plurality of personal information associated with a plurality of individuals, identifying from the plurality of individuals one individual whose plurality of personal information includes the group of characters associated with the unidentified individual, and managing an account for the identified individual in an account database.03-12-2009
20130138563SYSTEMS AND METHODS FOR PREPAID MERCHANT PAYMENT SERVICES - A computer implemented method, a system, and software provides a new processing origination model allowing a new 605-30-2013
20130138564Chapter 13 Bankruptcy Trustee Payment System and Method - Exemplary embodiments are directed to a method of paying a trustee, including providing debtor information to a database, initiating at least one electronic fund transfer, transmitting the debtor information to a plurality of networks via a communications network, and delivering a payment to a trustee. The debtor information generally corresponds to a Chapter 13 bankruptcy debtor and the method further includes verifying the debtor information against a public database. The present disclosure is further directed to a system for paying a trustee, including a computer storage device to store debtor information and a processing device to initiate at least one electronic fund transfer, transmit the debtor information to a plurality of networks via a communications network, and deliver a payment to a trustee.05-30-2013
20130138565VERIFICATION OF A PORTABLE CONSUMER DEVICE IN AN OFFLINE ENVIRONMENT - A portable consumer device includes a base, and a computer readable medium on the base. The computer readable medium comprises code for an issuer verification value and a supplemental verification value. The issuer verification value is used by an issuer to verify that the portable consumer device is authentic in an on-line transaction and the supplemental verification value is used to verify that the portable consumer device is authentic in an off-line transaction.05-30-2013
20130138566Electronic Transaction Security System And Method - A computerized method for generating a time-limited number for use in a payment card transaction involving a payment card issued by a financial institution. The payment card comprises an original payment card number. A first plurality of digits of the original payment card number is provided to a processor. The first plurality of digits are predetermined digits associated to the financial institution. A desired expiration date through which the time-limited number is valid for acceptance in the payment card transaction is provided to the processor. A program is executed by the processor to set a first plurality of digits in the time-limited number to the first plurality of digits in the original payment card number, generate a first number corresponding to the desired expiration date, set a second plurality of digits in the time-limited number to the first number, and output the time-limited number.05-30-2013
20130138567SYSTEMS AND METHODS FOR VERIFYING IDENTITIES IN TRANSACTIONS - A computerized method of verifying the identity of an attendant operating a money transfer transaction device includes receiving at the money transfer transaction device a user identification and password from the attendant and receiving at the money transfer transaction device additional information from the attendant. The additional information relates to a security feature that limits access to the transaction device. The method also includes using the additional information, the user identification, and the password to evaluate whether to allow the attendant to operate the transaction device to process a transaction.05-30-2013
20110022518APPARATUS INCLUDING DATA BEARING MEDIUM FOR SEASONING A DEVICE USING DATA OBTAINED FROM MULTIPLE TRANSACTION ENVIRONMENTS - An apparatus includes a processor and a set of instructions stored in a memory, where when executed by the processor, the instructions implement a method or process of determining if a consumer device should be accepted as valid based on correlating a location of the device with a location of a different transaction involving the same account. This enables an authorization decision for a transaction to be made at an earlier stage of the overall authorization process, or with less data processing or computational resources than might otherwise be required.01-27-2011
20110022517APPARATUS INCLUDING DATA BEARING MEDIUM FOR AUTHORIZING A PAYMENT TRANSACTION USING SEASONED DATA - A system, apparatus, and method for expediting the authorization of an electronic payment transaction. Authorization of a transaction at a node of an authorization network is the result of inferring the trustworthiness of a customer to the transaction using data obtained from a different node of the authorization network. The authorization process is expedited by relying on the previous authentication decision of another node, where the previous decision may have been made based on a different payment device or different user inputs. The invention uses a decision made by a first node in the authorization network as a proxy for the authorization decision at a different node, thereby transferring the trustworthiness of a consumer, consumer's device, payment device, or other aspect of the transaction from the first node to the second.01-27-2011
20100325047SYSTEM AND METHOD FOR PROVIDING ADVICE TO CONSUMER REGARDING A PAYMENT TRANSACTION - Systems, apparatuses, and methods for providing a consumer with an alert or other information regarding a payment transaction. When a consumer conducts a payment transaction, an alert may be sent to a device to enable the consumer to view the alert. The contents of the alert, the triggers for sending the alert, or the delivery channel for the alert may be determined by a set of preferences that the consumer set when registering for the alert service. In response to the alert, the consumer may send an SMS or other message that requests “help”, “advice”, “need information”, etc. In some embodiments, the consumer may select or activate a user interface element that enables them to obtain advice or information regarding the transaction. In some embodiments, a consumer request for help, advice, or more information may be generated by the consumer during or after a payment transaction. In response to the request for help, advice, or information, the invention may provide the consumer with a menu or list of topics of information that is available regarding the transaction.12-23-2010
20100325048SYSTEM AND METHOD FOR PROVIDING CONSUMER TIP ASSISTANCE AS PART OF PAYMENT TRANSACTION - Systems, apparatuses, and methods for conducting payment transactions are disclosed. In exemplary embodiments, a consumer may wish to add a tip or gratuity when paying for a good or service, such as a meal at a restaurant. Exemplary systems may generate an alert or other form of message based on the transaction, where the alert or message may include a suggested amount for a tip and/or provide the consumer with information that may be used to determine an amount for the tip. In some embodiments, the systems, apparatuses, and methods may automatically generate an estimated amount for the tip based on previously established user preferences, with the estimated amount being added to the underlying cost of the good or service when authorization is sought for the transaction.12-23-2010
20130144785SOCIAL NETWORK PAYMENT AUTHENTICATION APPARATUSES, METHODS AND SYSTEMS - The SOCIAL NETWORK PAYMENT AUTHENTICATION APPARATUSES, METHODS AND SYSTEMS (“SNPA”) transform social networking user login inputs via SNPA components into notifications of authenticated purchase transactions. In one embodiment, the SNPA obtains an authentication request for a purchase transaction. The SNPA extracts card account data related to the authentication request, and provides the card account data related to the authentication request to a social networking server. The SNPA also provides an indication for a user to authenticate via logging into a social networking service associated with the social networking server. The SNPA obtains an indication from the social networking server that the user is authenticated. In response to obtaining the indication that the user is authenticated, the SNPA initiates completion of the purchase transaction.06-06-2013
20110010296SYSTEM FOR PERSONAL AUTHORIZATION CONTROL FOR CARD TRANSACTIONS - An authorization system allows for cardholder-provided parameters to a personal authorization subsystem. The parameters can be selected by the cardholder to limit the authorizations that would otherwise be granted on the card. The parameters can indicate limits by frequency, dollar amount, merchant, geographic location, time of day, combinations thereof, or the like. Authorization for a given transaction, even where authorized by an issuer and a network operator, might be denied based on self-constraints set by the cardholder. In some variations, messages are sent to the cardholder based on constraints set by the cardholder and transactions might be approved and messaged, or denied and messaged.01-13-2011
20110119187Electronic sales method - A method is presented for facilitating sales transactions by electronic media. A temporary barcode or other design is tattooed onto a tattoo sheet, previously organized by verifiable chronological date. The tattoo sheet is made with an adhesive sufficient to allow the tattoo, once printed, to be transferred onto the skin of a person or to a personal object and remain affixed to said person or personal object during the period of time for which a financial transaction might occur. The transferable temporary tattoo is then removed from the sheet and applied to the skin of the individual or to a personal object in their possession. Before the sales transaction can be consummated, the tattoo information along with the corresponding valid date information is scanned with a scanner. Characteristics about the scanned tattoo are compared to characteristics about other tattoos stored on a computer database for the specific time period in question in order to verify the identity of the buyer for a given time period. Additionally, the chronological information is verified to ensure that the transaction is occurring only during a previously prescribed valid time period for which a given tattoo is valid. Once both pieces of information are verified, the seller may be authorized to debit the buyer's bank electronic bank account in order to consummate the transaction or transactions during the given period of time. The seller's electronic bank account may be similarly updated.05-19-2011
20100325046Transaction Security Method and Apparatus - A method and apparatus for increasing the security of transactions between two parties is disclosed. The method and apparatus employ multiple PINs from which elements are selected for user identification. The transactions may be financial transactions or any other transaction where user identification is required.12-23-2010
20110213706SYSTEMS AND METHODS FOR TRANSACTIONS ON THE TELECOM WEB - Embodiments of the invention broadly contemplate systems, methods, apparatuses and program products that leverage the mobile web, especially the spoken (telecom) web, to handle transactions. According to embodiments of the invention, in essence, a mobile device such as a phone is used as a terminal, remote authentication is employed, and a challenge response using a per transaction audio based code is used as a confirmation. Embodiments of the invention also provide further protection against repudiation, and greater trust in the transaction, by employing witnesses.09-01-2011
20100332392Portable Terminal Device and Method of Determining Communication Permission Thereof - A portable terminal device includes a wireless communication unit (12-30-2010
20110040686MOBILE PAYMENT SYSTEM AND METHOD USING ALIAS - Methods and systems are disclosed for allowing financial transactions to be conducted using mobile phones. A payer initiates a transaction by sending a payment request message from a mobile phone which specifies the payee and amount to be paid. Payees are identified by unique aliases, which are maintained in a database. Methods for assembling the enrollment and alias database are included.02-17-2011
20100332391SECURE AUTHENTICATION BETWEEN MULTIPLE PARTIES - Systems and methods are disclosed herein to allow a party to a multiple-party transaction to perform authentications using identification information received from another party while allowing the party generating the identification information to maintain confidentiality of information. A user may enter an access code to identify the user to a first party that will be generating identification information to a second party in the transaction. The access code may be entered without requiring the entry of an alphanumeric PIN (Personal Identification Number). The first party may convert the access code to a second code for transmission to the second party so that the access code is not revealed to the second party. The second party may use the second code to authenticate the user, to authenticate a payment transaction or other types of communications from the user or the first party. Thus, parties in a multiple-party transaction may perform authentications while maintaining the confidentiality of information.12-30-2010
20100332394VEHICLE IDENTIFICATION, TRACKING AND ENFORCEMENT SYSTEM - A system for monitoring and tracking vehicles in parking locations, public roadways and highway entrances and exits and other public vehicle access areas is provided, such as to monitor and track vehicles in parking spaces, public roadways and highways without the need for parking or traffic personnel. The system includes a meter system that generates image data of a vehicle in a parking space, public roadway and highway entrances and exits such as by creating an array of pixel data in a predetermined field of view that includes a vehicle identification tag and facial imaging. An enforcement and tracking system receives the image data and generates a vehicle license number, vehicle tag identification number and facial image from the image data, such as by analyzing the image data to identify the vehicle license number, vehicle tag identification number and facial image based on the expected location of the license tag, identification tag and field of view image data characteristics of the license tag, facial image or other suitable data. From the image data acquired, monitoring of parking spaces is performed and violation citations or notices are generated for errant vehicles in parking locations as well as notification to law enforcement and homeland security agencies of vehicles and facial images identified as being on a watch list.12-30-2010
20100332390TRANSACTIONS WITH IMAGING ANALYSIS - A money transfer system with imaging. The system includes a first money transfer terminal and an imaging device. The imaging device is configured to acquire a first set of imaging information of a user. The system also includes a host computer system, configured to receive at least a portion of the first set of financial transaction information and at least a portion of the first set of imaging information. The system also includes a previous transaction database, an external database, and a decision maker terminal. The system also includes a second money transfer terminal and a second imaging device. The second imaging device is configured to acquire a second set of imaging information of the second user.12-30-2010
20110004551CONSOLIDATED PAYMENT ACCOUNT SYSTEM AND METHOD - The present invention provides a system and method for providing and/or facilitating complete on-line payment services while protecting the privacy of the transaction participants. The comprehensive payment service is based upon a consolidated account used to store value acquired through on-line transactions. The invention provides private payment numbers for protecting the identities of the participants and includes processes for authenticating participants, authorizing transactions, and settling payments. Thus, the present invention enables merchants to effectively accept non-standard forms of payment without changing their current payment infrastructures and enables the provision of value for purchases at any network merchant using any source of value.01-06-2011
20110016050SYSTEM AND METHOD FOR VERIFICATION, AUTHENTICATION, AND NOTIFICATION OF TRANSACTIONS - A system and method for verifying, authenticating, and providing notification of a transaction, such as a commercial or financial transaction, with and/or to at least one party identified as engaging in the transaction and/or identified as having a potential interest in the transaction or type of transaction, are provided. A central system accepts information regarding a transaction, including information about at least one party identified as engaging in the transaction, such as by a credit account number or Social Security number or merchant account number, and/or identified as having a potential interest in the transaction. Based on the information regarding the transaction and any supplemental information the central system determines, the central system communicates with and/or to at least one party and/or additional or alternative parties, via at least one communications device or system having a communications address, such as a telephone number or Short Message Service address, predetermined as belonging to the at least one party and/or additional or alternative parties. Via said communications, at least one party having an interest or a potential interest in the transaction may be notified of it, and may further be enabled or required to supply additional verifying or authenticating information to the central system. If the transaction was initiated or engaged in via a communications link, such as via the Internet, said communications preferably occur over at least one different communications link and/or protocol, such as via a wireless voice network. The central system may then compute a result based on the outcomes of said communications, and may then transmit the result to the user and/or to a second system or device.01-20-2011
20110035318CREDIT AND DEBIT CARD TRANSACTION APPROVAL USING LOCATION VERIFICATION - In one embodiment, an online credit or debit card transaction is processed by transmitting purchase information, including price of the purchase item and card number, to the company that issued the card. In addition, the location from which the purchase is made is calculated, e.g., using a GPS device, and the location data is transmitted to the card issuer. The card issuer determines if the purchase meets certain specified approval requirements, such as whether the card holder has sufficient funds, the card has been reported missing, or card holder's personal information is correct. Further, the card issuer compares the location data to a number of predetermined purchase locations specified by the customer. If the location data matches one of the predetermined locations and the specified approval requirements are met, then the purchase is approved.02-10-2011
20110035319SYSTEMS AND METHODS FOR ENROLLING USERS IN A PAYMENT SERVICE - Embodiments of the invention are direction to systems, apparatuses and methods for enrolling users in a payment service that enables an individual (“a presenter”) to conduct a payment transaction with another party (“an acceptor”) more efficiently in situations where the individual has multiple payment accounts. One embodiment of the invention is directed to a method comprising presenting to a user a plurality of payment accounts associated with the user, receiving from the user a selection of an alias account identifier for each of the payment accounts, and storing in a database data that associates the selected alias account identifiers with the payment accounts.02-10-2011
20110040687Method for future payment transactions - A method for the online modification, submission and approval processing of a future payment request to afford a user the ability to renegotiate established loan agreement debt terms in which network communications are established between a user, such as a debtor, and a server is presented. The method comprises receiving information, at the server, regarding the loan agreement debt terms, presenting received information to a debtor, providing an interactive environment enabling a debtor to modify existing terms, submitting modified terms, processing data from the available information using a rules based engine, and processing a future payment request based on at least one decision made by the rules based engine. While online, the user/debtor may engage in revising a rejected future payment request in an attempt to reach a satisfactory renegotiation of debt terms.02-17-2011
20110040685TRANSACTIONAL SECURITY OVER A NETWORK - A system and method facilitates purchase transactions over a computer network, including the purchase of electronically storable items. The embodiments herein encrypt “customer information” in an encryption stream and cause the encryption stream to be transferred from the customer to a merchant in the purchase transaction. A verification entity receives the encryption stream which is sent by the merchant for identity verification and payment authorization. Then, the verification entity verifies the identifiers contained in the encryption stream and transfers an identity verification and payment authorization from the verification entity to the merchant. The encryption stream or unique transaction identifier can be added, by the merchant, to a purchased electronic item to create a personalized electronic item.02-17-2011
20110040684SYSTEMS, METHODS, AND DEVICES FOR SELLING TRANSACTION INSTRUMENTS - The present invention generally relates to a system and method for distributing an open transaction instrument. The system includes the steps of: accessibly offering for sale, in a retail environment, the open transaction instrument; selling a selected open transaction instrument; and enabling the use of the open transaction instrument. The transaction instrument may be, for example, an open pre-paid card. Furthermore, accessibly offering the open pre-paid card for sale, in one exemplary embodiment, is performed by hanging the pre-paid card on a rack. The distribution of the open transaction instrument may also comprise the step of sending a message, in substantially real time, causing the pre-paid open transaction instrument to be funded but not activated. Also, in accordance with further exemplary embodiments of the present invention, an issuer system is suitably configured to leverage existing infrastructure for inventory and related processes.02-17-2011
20110112965COMMUNICATION METHOD AND SYSTEM - The present invention relates generally to a method and system for authenticating a transaction between a user and a payment system. The information of the transaction is transmitted through a secure communications from the user to the payment system, and the authentication message is sent from a payment system to the user via an authentication system. The authentication message is sent from the authentication system from one of multiplicity of addresses to the user, and the response to the message is received in that address. Additional security is achieved when the reply addresses are selected randomly.05-12-2011
20110112966Financial Transaction System with Integrated Electronic Messaging, Control of Marketing Data, and User Defined Charges for Receiving Messages - A method of performing financial transactions between users of Summa accounts, each Summa account including an electronic messaging system that provides for crediting and debiting at least one financial account associated with each Summa account. The invention also allows each user to define a schedule of receipt charges associated with the identities of other users to be charged as compensation for accepting delivery of their messages. With the user's permission, a record of purchases made from the Summa account may be maintained in a marketing database, increasing the value of use's market identity and the corresponding value of receipt charges they user may collect. Major benefits of the invention include, but are not limited to: (1) electronic financial transactions are completed in a more secure manner with appropriate tracking and verification, (2) message recipients receive income from the value of their market identities, and (3) commercial enterprises can more readily identify individuals interested in receiving their commercial offers.05-12-2011
20100153271Method and System for Manual Authorization - Embodiments provide systems, apparatus, methods, computer program code, and means for performing manual authorizations.06-17-2010
20090063347REAL TIME ACCOUNT UPDATE - A method is used in a system that includes a financial service provider coordinating accounts issued by an issuer to cardholders requesting credit from merchants. Each merchant has an acquirer with whom the financial service provider also coordinates the accounts. The method can be performed by a merchant sending a transmission to its acquirer including a request for a transaction against one account to which the merchant receives a denial or prior to receiving such a denial. The merchant then requests information from the financial service provider who responds by sending the requested information, upon which the merchant determines whether to extend the credit. When the method is performed by a financial service provider, in response to the denial received by one merchant or prior to such denial, the financial service provider receives a transmission from the merchant including a request for information about the account. In response, the financial service provider sends the merchant the requested information.03-05-2009
20110125642METHODS AND SYSTEMS FOR INDIRECTLY RETRIEVING ACCOUNT DATA FROM DATA STORAGE DEVICES - A method and system for processing an electronic payment transaction is described herein. The method uses a first computer device configured to access account data from a database subsystem operating at a second computer device. The method includes operating a transaction messaging system (TMS) in a first computer operating environment of the first computer device, operating an account data access system (ADAS) in a second computer operating environment of the first computer device, transmitting a request for account data from the TMS to the ADAS, executing a query for the account data at the database subsystem wherein the query is generated by the ADAS and based on the request for account data, receiving the requested account data at the TMS in response to the query, and processing the payment transaction at the TMS using the received account data.05-26-2011
20130191287VIDEOCONFERENCE ACCESS FACILITY - A videoconference access facility is described that allows people to obtain services and engage in financial transactions via a face-to-face video conference with a remote moderator. Because the remote moderator is there to receive verbal instructions and provide verbal support, the facility allows people to engage in complex transactions even if they are unable to read or write. The facility can be equipped with numerous types of devices that allow the moderator to view and receive information from documents, financial instruments, identification cards, and smart cards; as a result, the facility can provide financial transactions without the support of a bank. The facility may be used as part of a greater telecommunication network to deliver such services.07-25-2013
20110087596Systems and methods for dynamic receipt generation with environmental information - A new approach is proposed that contemplates systems and methods to enable an individual to complete a financial transaction by swiping a magnetic stripe card through a card reader connected to a mobile device. The size of the card reader is miniaturized to be portable for connection with the mobile device. The card reader is configured to reliably read data encoded in a magnetic strip of the card with minimum error in a single swipe and provide a signal that corresponds to the data read to the mobile device, which then decodes the incoming signal from the card reader and acts as a point-of-sale device to complete the financial transaction. Such an approach enables a person to become either a micro-merchant (payee) or a buyer/customer (payer) without having to purchase expensive card reader devices or software.04-14-2011
20110087594DUAL EMERGENCY RESERVE AND SAVINGS ACCOUNT AND SYSTEMS FOR ALLOCATING DEPOSITS - A system and method for providing emergency reserve conditional credit to a customer of a financial institution. The emergency conditional credit may be provided to the customer in the form of a line-of-credit or a loan based on the occurrence of a predetermined condition, such as involuntary unemployment, disability or the like. The emergency reserve product of the present invention is a product that can be offered through a financial institution or other ER-providing entity and, as such, does not require the level of regulation required of an insurance product. The invention also provides for the emergency reserve product to be offered in conjunction with a debt cancellation feature, referred to as emergency reserve protection, which serves to cancel the outstanding debt associated with the loan or line-of-credit.04-14-2011
20110178926Remote Variable Authentication Processing - A remote variable authentication processing system is disclosed. A sending entity initiates a remote payment using an alias over an initiation channel. The alias may be associated with one or more nicknames that identify portable consumer devices and metadata. The metadata describes which channels are available for authentication. The sending entity selects a nickname and an associated authentication channel. The sending entity authenticates with an issuer over the selected authentication channel.07-21-2011
20110213710IDENTIFICATION OF CUSTOMERS AND USE OF VIRTUAL ACCOUNTS - Systems and methods for authorizing an individual for purchasing a product and/or service are described. Monetary funds of a customer of a company may be received into a monetary account of the company at the financial entity. The received monetary funds of the customer may be maintained virtually in a non-monetary account with the non-monetary account value being proportional to the received monetary funds. A determination may be made as to whether an identified customer is authorized to make a purchase with an associated payment amount. The customer may be identified by a scanned iris. Upon determining the identified customer is authorized, the non-monetary account value may be decreased proportional to the associated payment amount.09-01-2011
20110213708GLOBAL METHOD AND SYSTEM FOR PROVIDING ENHANCED TRANSACTIONAL FUNCTIONALITY THROUGH A CUSTOMER TERMINAL - A global customer activated terminal (CAT) primarily serves traveling customers who require access to their accounts when they are away from their home financial institution and beyond their local regional financial area. The system provides applications that permit users to access their accounts and utilize account profiles and transaction journals within a generic global system approach, and each transaction set provides access to the user's full account profile. The traveling customer is also provided with access to all their accounts linked (as they would locally) to a specific card. The hardware employed in the system supports encryption key downloading, unscrambling and PIN encryption, so that security is instituted at the hardware level. To provide the maximum flexibility at each regional level for product and services offered, regional front end processors and Hosts are the arbitrators of each transaction acceptance and fulfillment, rather than the CAT.09-01-2011
20110082792Processing of Credit Card Transactions Using Internet Protocol - A system for processing credit card transactions is disclosed. Merchant locations include at least one Internet protocol (IP) capable credit card terminal, either connected directly to a wide area network such as the Internet, or connected to the Internet via a router. The IP-capable credit card terminal forwards transaction information over the Internet, and biometric information regarding the presenting customer if desired and if available, which is processed by a credit card processing system. According to one embodiment of the invention, the credit card processing system is an IP credit card gateway processor, which formats the transaction information into a conventional format for processing by a credit card processor. According to another embodiment of the invention, the credit card processing system is a Direct IP credit card processor, which receives the IP transaction information, and biometrics if available, from the credit card terminal and which processes and communicates the information direction to the credit card issuer. Authorization of the transaction is then communicated by the credit card processing system over the Internet to the credit card terminal, so that the transaction is completed.04-07-2011
20110145149METHODS, APPARATUS, AND SYSTEMS FOR SUPPORTING PURCHASES OF GOODS AND SERVICES VIA PREPAID TELECOMMUNICATION ACCOUNTS - Apparatus and method for detecting in real-time when a User of a prepaid telecommunications account tries to complete a data, voice or financial transaction to purchase a product or service but cannot, due to insufficient funds in the Prepaid Account. The system then determines whether the Account is eligible to receive a Facilitation according to predetermined criteria and, if so, either (1) automatically authorizes the transaction to be completed based on a Facilitation amount, subsequently recorded by the system to satisfy the insufficiency, or (2) instantly communicates to the User an offer to do so, and if the User accepts the offer, authorizes the transaction and records the Facilitation amount. The transaction can then be completed without significant interruption. A mechanism is provided such that on the next Topping-Up event(s) of the User's Account, the Facilitation amount is debited from the User's Account for return to the Facilitator.06-16-2011
20100223185SYSTEM AND METHOD FOR PROVIDING SUPPLEMENTAL TRANSACTION PROCESSING SERVICES TO USERS OF A PRIMARY FINANCIAL SERVICES SYSTEM. - A supplemental financial transaction processing system operates with a primary financial services system to providing financial transaction processing services to a client system which has established a secure session with the primary financial services system. A transaction request includes a financial institution identifier identifying the primary financial services system and at least one primary system defined transaction value. A secure web services system, in response to receiving the transaction request: i) assigns a unique redirect URL to the transaction request, ii) stores, in a redirect database, in association with the unique redirect URL, the primary system defined transaction value; and iii) returns the unique redirect URL to the primary financial services system. A web document object comprises: i) the at least one primary system defined transaction value; ii) at least validation value; iii) user interface control script, the user interface control script comprising instructions which render, on the client system, controls for obtaining user entry of at least one client defined transaction value; and iv) validation control script, the validation control script determining that the transaction is valid; and v) transaction control script, the transaction control script comprising instructions which create and post a financial transaction back to the supplemental transaction server only if the transaction is valid. The supplemental transaction server: i) providing the web document object to the client system in response to receiving a secure connection by the client system at the unique redirect URL; ii) receiving a post of the financial transaction from the client system; and iii) performing at least one of: i) writing the financial transaction to a transaction database; or ii) forwarding the financial transaction to a processing system distinct from the supplemental transaction processing system.09-02-2010
20110087593TRACK DATA MAPPING SYSTEM FOR PROCESSING OF PAYMENT TRANSACTION DATA - Systems and associated apparatuses and methods for processing payment transactions. A merchant's data processing system may provide payment transaction data in a first format (e.g., Track 04-14-2011
20110087597FUNDING ON-LINE ACCOUNTS - A system generates an identifier when a consumer deposits cash, where a new unique identifier is generated with each transaction. The consumer receives the identifier and the identifier (along with the amount of cash deposit) is communicated to a payment provider for storage. The consumer may then access and fund an on-line account with the financial services provider by first accessing the account and entering the unique character identifier, which the system processes. If the identifier is valid, e.g., an actual stored identifier within the system associated with a cash amount, then the system transfers that amount to the consumer's account. At this point, the consumer may use the account to make an on-line transaction or purchase with the newly funded amount.04-14-2011
20110087595METHOD AND SYSTEM FOR FACILITATING COMMERCIAL PURCHASES - The present invention is directed to a method and system of consummating a commercial transaction between the customer and a merchant. A mobile device, such as a mobile phone would be provided with a special application allowing a customer to enter information relating to a particular purchase at a merchant's premises or, online, and then to transmit this information to an administrator for the approval of the purchase. If the purchase has been approved, this information would be transmitted in real time to both the customer's mobile device as well as to a merchant's terminal. The system and method of the present invention would be initiated by the customer and is generally wireless and can be done without the customer being physically in possession of their credit or debit card.04-14-2011
20090048974WIDE AREA NETWORK PERSON-TO-PERSON PAYMENT - According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user (02-19-2009
20090048975Method Of Billing A Purchase Made Over A Computer Network - A method of effecting a sale over a computer network in which it is determined whether a user passes fraud control before effecting a sale over a computer network. Information associated with a method of payment, such as credit card information, debit card information, checking account information, a telephone service account, a cable television account, a utility service account, or an Internet service provider account, is requested from the user after the user passes the fraud control. Information associated with the method of payment is received from the user in real time. Method-of-payment information is communicated to a payment authorization database, which can be located locally or remotely. The method-of-payment information includes the received information associated with the method of payment. Payment authorization information associated with the method of payment is received from the payment authorization database. A sale transaction is completed when the payment authorization information is affirmative. Sale charge information associated with the sale effected over the computer network is transmitted to the payment authorization database when the sale transaction is complete. The sale charge information includes information for charging the method of payment an amount representing a charge for the sale.02-19-2009
20090048972System and Method for an Emergency Reserve During a Covered Event Using Actuarial Data - A system and method for providing emergency conditional credit to a customer of a financial institution. The system includes a customer site and a financial institution. The financial institution determines actuarial data using past history of customers incurring specified events, the actuarial data useable to predict future specified events, determines a cost for offering an emergency reserve (ER) product using the actuarial data, determines a qualification standard for the ER product, and offers the ER product to a person at the customer site. An emergency reserve protection (ERP) feature that provides protection that cancels any ER balance on a monthly basis during a covered event may also be offered to customers. One or more vendor sites may be used to handle some of the processing or managing of the ER and ERP product offerings.02-19-2009
20120246075SECURE ELECTRONIC PAYMENT METHODS - This invention presents methods for secure electronic funds transfer and using electronic credit cards and debit cards in conducting purchases and making payments on the internet, over the phone, and when customer is not present. Methods described provide for generating instances of encrypted pay identifiers or pay identifier records, both of which are payer and receiver specific. Said pay identifiers are used in place of credit cards, debit cards, check numbers, and bank accounts, and as generated, are unique per transaction. Said pay identifiers if copied illegally cannot be used in a different transaction, therefore it discourages identity theft. Presented methods are perfect for use in hand held devices and in local, remote, and near field communication (NFC) payment applications.09-27-2012
20100063929Personal Information Protection Method, Personal Information Protection System, Processing Device, Portable Transmitter/Receiver and Program - A prescribed virtual person was created for allowing a real person (user) in the actual world to pretend to be the virtual person (virtual person) and act as the virtual person when acting on a network and registered in a database 03-11-2010
20090037333Credit cards system and method having additional features - A credit card system is provided which has the added feature of providing additional limited use credit card numbers and/or cards. These numbers and/or cards can be used for a single or limited use transaction, thereby reducing the potential for fraudulent reuse of these numbers and/or cards. The credit card system finds application to “card remote” transactions such as by phone or Internet. Additionally, when a single use or limited use credit card is used for “card present” transactions, so called “skimming” fraud is eliminated. Various other features enhance the credit card system, which will allow secure trade without the use of elaborate encryption techniques. Methods for limiting, distributing and using a limited use card number, controlling the validity of a limited use credit card number, conducting a limited use credit card number transaction and providing remote access devices for accessing a limited use credit card number are also provided.02-05-2009
20100063928ELECTRONIC CHECK CASHING SYSTEM - Methods and systems for cashing electronic checks are disclosed. One method includes receiving credential information from a user at an automated system communicatively connected to a checking account information database, and validating the credential information. The method further includes obtaining checking account information from the checking account information database, the checking account information corresponding to a checking account associated with the credential information and having been at least partially previously entered into the checking account information database from a system separate from the automated system. The method also includes receiving a request to cash an electronic check, and determining whether to fulfill the request to cash the electronic check.03-11-2010
20100063927METHOD AND SYSTEM FOR CLEARING FINANCIAL INSTRUMENTS - A method and system for electronically clearing financial instruments through a clearing system in which a per item cost of clearing instruments varies with the time of day. The method may include the steps of receiving electronic files of items containing data scanned from financial instruments including an amount of each instrument, applying a rule to sort the items by determining, for each of the associated financial instruments, whether the item be stored or forwarded for clearing the instrument without storage. The rule may include a step of determining whether an amount of the instrument exceeds a predetermined value, and if the amount of the instrument exceeds the predetermined value, forwarding the instrument for clearing without storage. If the amount of the instrument does not exceed the first predetermined value, the associated rule may cause the system to store the item representing the instrument for forwarding at a later time when the per item fee for clearing is lower. The threshold amount may vary depending upon the per item fee charged at the time the item is received by the system, in a case where the per item fee charged changes over the course of a business day, and different time intervals may have different threshold amounts. The system may include a control system for receiving the associated electronic files from a scanning device and have a processor programmed to apply a rule to sort the files by determining, for each of the instruments, whether the associated electronic file should be stored or forwarded for clearing, a gateway server for receiving the associated electronic files from the scanning devices and transmitting the files to the control system, and an image export server for receiving the associated electronic files from the control system, converting the files to a preferred format, storing the files in storage, retrieving the files from storage for clearing and transmitting the files to the Federal Reserve for clearing.03-11-2010
20110178925Token Based Transaction Authentication - A token based transaction authentication system is disclosed. Issuer, merchants, and a payment processing network generate unique tokens or keys to authenticate messages between themselves and to authenticate a sending entity or consumer as they are redirected between entities. The tokens are also used to identify the particular authentication thread a message or sending entity is associated with. The sending entity authentication occurs over a web-based channel or a mobile based channel.07-21-2011
20110178928Multi Application Smartcard with Currency Exchange, Location, Tracking and Personal Identification Capabilities - A smart card capable of performing more than one function, said smart card comprising a first memory means comprising a first set of data to access a bank account, a second set of data to access a credit card account, a third set of data representing the identification of a holder of the smart card, and a fourth set of data to access telephone communication services. The smart card further comprises a microprocessor, said microprocessor being in electrical communication with a second memory means, and a location tracking means for determining a location of the smart card.07-21-2011
20110099108METHOD, SYSTEM AND COMPUTER READABLE MEDIUM FOR WEB SITE ACCOUNT AND E-COMMERCE MANAGEMENT FROM A CENTRAL LOCATION - A method, system, and computer readable medium for managing a financial transaction of a user at a merchant, including authenticating the user via a device of the user while the user is at the merchant; transmitting activation information for activating a reusable, pre-existing, unaltered and permanent credit or debit card account number of the user from the user device to a financial institution for processing financial transactions, while the user is authenticated; submitting a payment request including the account number to the financial institution from the merchant, while the account number is activated; and de-activating the account number after the payment request is processed by the financial institution. The financial institution only accepts and processes payment requests received from merchants while the account number is activated, and the financial institution declines payment requests while the account number is de-activated.04-28-2011
20100057617FINANCIAL DOCUMENT PROCESSING SYSTEM - A system for processing deposits and/or withdrawals in a financial institution accepts a plurality of documents, including currency bills, at an input receptacle of a document-processing device, converts the image of at least some of the documents to electronic data representing the image. The currency bills are denominated by the document processing device, and the total value of the bills included in each deposit is accumulated. Whenever the total value of the bills in a deposit exceeds a prescribed value, a report may be generated containing at least an identification of the specified account, the total value of the bills in the deposit, and the serial numbers of the bills. The serial numbers may be extracted from images of the bills.03-04-2010
20100057616System and Method of Recurring Payment Transactions - A system and method for a recurring payment transaction is provided. A system of authenticating a recurring payment transaction may include an adaptive payment server that includes one or more processors configured to retrieve account information, which may include a payment date and an identification of a communication device of a payor. The adaptive payment server may initiate a communication to the communication device on or before the payment date and communicate at least a portion of the account information to the communication device. The adaptive payment server may receive, from the communication device, approval information and determine whether to initiate payment of the recurring payment transaction using the approval information. The adaptive payment server may initiate payment of the recurring payment transaction based on the determination.03-04-2010
20110099109Real Time Correlation of Parallel Charging Events - A method is implemented in a network (04-28-2011
20110087592SYSTEMS AND METHODS FOR FACILITATING TRANSACTIONS - Pursuant to some embodiments, a payment account including multiple subaccounts is provided where each subaccount can be used only for payment for a designated category of products. Pursuant to some embodiments, purchases using the subaccounts can be automatically combined in a single transaction to redeem multiple categories of products, with each subaccount providing funds for the redemption of a single product category. In some embodiments, the payment account may include a subaccount that contains value that is unrestricted and available for general spending or to automatically provide supplementary funds for the redemption of products from subaccounts with product category restrictions. The value contained within each subaccount may be immediately available funds, access to credit provided by an entity who has agreed to extend credit to the account holder for purchasing products in a designated category or a combination of these types of value. Alternatively, in some embodiments, the value may include benefits provided by a health care plan whose redemption is limited to specific categories of products and services as provided by the plan.04-14-2011
20110087591Personalization Data Creation or Modification Systems and Methods - The present disclosure has a merchant computing device communicatively coupled to a customer computing device via a network and a transaction computing device securely coupled to the merchant computing device and coupled to a debit network. In addition, the present disclosure has logic configured to enable a user of the customer computing device to modify personalization data stored on the transaction computing device based upon an approval obtained via the debit network during a transaction with the merchant computing device. In addition, the personalization data comprises a phrase and an image and the logic is further configured to display the phrase and the image to the user when the user performs a transaction with the transaction computing device.04-14-2011
20110078082SYSTEMS, METHODS, AND DEVICES FOR COMBINED CREDIT CARD AND STORED VALUE TRANSACTION ACCOUNTS - The present invention generally relates to a single transaction account identifier that can be used for in transactions with one of multiple transaction accounts. The method includes one or more of the following steps: establishing at least two transaction accounts, wherein the transaction accounts are respectively associated with transaction account identifiers; receiving, at a transaction processing system, a common account identifier; recognizing the common account identifier as being associated with more than one account; and determining, which of the at least two transaction accounts to access for processing the transaction. The determining step may be based on selection criteria and the selection criteria may be modified by a user. One of the first and second transaction account identifiers may be forwarded to the respective first and second transaction accounts based on the determining step; and the transaction may be processed via the selected transaction account.03-31-2011
20110153496AUTHENTICATION OF CARD-NOT-PRESENT TRANSACTIONS - Methods, systems, and machine-readable media are disclosed for processing a card-not-present transaction. According to one embodiment, processing a card-not-present transaction can comprise receiving a request for a card-not-present transaction involving an enrolled consumer. The request can include information identifying the enrolled consumer. A record of information related to the enrolled consumer can be read and the enrolled consumer can be authenticated based at least in part on the information of the request and the record of information related to the enrolled consumer. In response to authenticating the enrolled consumer, a set of single-use payment information can be generated which can include a one-time password and a dynamic Primary Account Number (PAN) which is valid for a single transaction. The single-use payment information can be provided to the enrolled consumer or the merchant to complete the transaction in place of the true PAN.06-23-2011
20110153498Payment Channel Returning Limited Use Proxy Dynamic Value - A central platform provides proxy dynamic values for any one of a number of a cardholder's portable payment devices, upon a request for such information made during a transaction. The proxy dynamic value can be provided to the merchant, who then can route it into the acceptance network in order to initiate the authentication process. The central platform provides the actual primary account number associated with the proxy dynamic value during the authentication process.06-23-2011
20110153497SECURE TRANSACTION SYSTEM AND METHOD BASED ON BIOMETRIC IDENTIFICATION - A secure transaction system and method based on biometric identification. One or more biometric sensors (e.g., a fingerprint sensor) can be electronically connected to an input device having one or more operable keys, wherein the input device communicates with the secure transaction system to determine the identity of a user. A biometric feature (e.g., a fingerprint) can be captured and measured, if the operable key is pressed. A biometric signal indicative of the sensed biometric feature can be transmitted to a biometric identification module via a network to compare the biometric signal with stored biometric data. An authentication signal can be provided to the user for accessing a secure application that is communicatively coupled to the transaction system if the sensed biometric signal matches the stored biometric data.06-23-2011
20110082793SECURE NETWORKED TRANSACTION SYSTEM - A method and system for approving a transaction between a customer and a merchant including the steps of transmitting a transaction request from a customer to a merchant; transmitting a verification request from the merchant to a verification entity, the verification request comprising first data; the customer device transmitting second data to the verification entity; and the verification entity performing a verification step by using the first data and the second data to verify if the transaction should be approved.04-07-2011
20110082791Monitoring Secure Financial Transactions - A request for a secure financial transaction is received from a user, who is authenticated with a biometric device. If the user is authenticated, an authentication token is received from the biometric device and sent to a remote device, which initiates the secure financial transaction. Upon initiation of the secure financial transaction, details related to the secure financial transaction are displayed to the user and the those details are monitored until the secure financial transaction is completed.04-07-2011
20100125522Interactive Web-Portal Interface Method and System - An e-service interactive web-portal providing a method and system that enables consumers to selectively perform point-of-sales (POS) transactions through an e-financial agent which allows payments to be made without having to utilize cash, credit/debit cards or checks, to manage and access electronic personal documents over mobile devices, and to create a virtual/mirror image of a mobile device's stored information (contacts, calendar entries, music, photos, ring tones, etc.) with options to duplicate a mobile device's content onto another device in case of theft, loss or damage, and/or make VoIP phone calls through the virtual mobile device.05-20-2010
20110078080METHOD AND APPARATUS TO SECURE AN ELECTRONIC COMMERCE TRANSACTION - A method begins by a processing module receiving data content. The method continues with the processing module embedding the data content into a data stream to produce a stream of data. The method continues with the processing module sequentially encoding data segments of the stream of data in accordance with an error coding dispersed storage function to produce pluralities of encoded data slices. The method continues with the processing module outputting the pluralities of encoded data slices to a plurality of dispersed storage units for storage therein.03-31-2011
20110078079DISCOUNT PAYMENT METHOD AND SYSTEM USING A TEMPORARY CARD NUMBER - Disclosed is a method and system for making payment with discounted prices by using temporary card numbers. The method comprises the steps of: (a) at least one discount means being selected by a user of a mobile terminal, and the mobile terminal transmitting temporary card number issue information including the selected discount means to a temporary card number issue device, wherein the mobile terminal in advance stores a plurality of discount means that can substantially discount a transacted price; (b) the temporary card number issue device selecting and storing temporary card numbers corresponding to the temporary card number issue information and transmitting the selected temporary card numbers to the mobile terminal; (c) the mobile terminal transmitting payment information including the temporary card numbers and payment means information including information on a payment means for paying the transacted price to a credit authorization terminal (CAT) if a payment request is received from the user only for a predetermined time period from when the temporary card numbers are received, and extinguishing the temporary card numbers after the predetermined time period from when the temporary card numbers are received; and (d) the CAT receiving the payment information from the mobile terminal, transmitting a request for a transaction authorization to the payment company server by using the payment information, and receiving the transaction authorization from the payment company server. Thus, according to the present invention, it is more easy and convenient to making payment by using coupons.03-31-2011
20110060687SYSTEM, METHOD, AND COMPUTER PROGRAM PRODUCT FOR ISSUING AND USING DEBIT CARDS - A system, method, and computer program product are used to issue and track debit cards. A system comprises an enrolling system that verifies an enrollee, associates an enrollee's main and overdraft account, and issues a debit card, an authentication system that receives information regarding a requested transaction of a debit card and that receives information regarding the main and overdraft account associated with the debit card and accepts or rejects the requested transaction based thereon, and a settlement system that generates a periodic report of at least one of the transactions, the main account, and the overdraft account. The overdraft account can be a charge or credit account.03-10-2011
20110071946CREDIT APPLICANT AND USER AUTHENTICATION SOLUTION - The present invention provides a credit applicant and user authentication solution for authenticating the identity of a credit applicant or a credit user. In particular, a user of the authentication system establishes a user account and obtains authentication information. The user then provides the authentication information during a subsequent credit application or credit transaction to authenticate the user's identity. Authentication information may be renewed after each application or transaction at specified time intervals, based on monetary thresholds, specific geographic limitations, or any other methodology specified by the user.03-24-2011
20110071945SYSTEM AND METHOD FOR PERFORMING SECURE CREDIT CARD TRANSATIONS - A method and system of performing secure credit card purchases in the context of a remote commercial transaction, such as over the telephone, wherein only the customer, once generally deciding upon a product or service to be purchased, communicates with a custodial authorizing entity, such as a credit card company or issuing bank wherein such entity has previous knowledge of the credit card number as well as custodial control of other account parameters such as interest rate, payment history, available credit limit etc. The customer supplies the custodial authorizing entity with the account identification data such as the credit card number and a requested one of a possible plurality of predetermined payment categories which define the dollar amount for the purchase and specific, predetermined time parameters within which authorization by the custodial authorizing entity will remain in effect. The custodial authorizing entity then generates a transaction code which is communicated exclusively to the customer wherein the customer in turn communicates only the transaction code to the merchant instead of a credit card number. The transaction code is indicative of merchant identification, credit card account identification and a designated one of the plurality of predetermined payment categories.03-24-2011
20120303525METHODS AND SYSTEMS FOR VERIFYING REGULATION COMPLIANCE - A computer and a computer-based method for verifying compliance of transaction data for a chargeback transaction with a set of regulations is provided. The method includes storing transaction data and a plurality of regulation sets wherein each regulation set is associated with a reason code and defines compliance of a chargeback transaction with the associated reason code, and receiving a chargeback message for the chargeback transaction wherein the chargeback message includes an assigned reason code for requesting the chargeback transaction and a transaction identifier for identifying transaction data associated with the chargeback transaction. The method further includes retrieving transaction data based on the transaction identifier, retrieving a regulation set wherein the retrieved regulation set is associated with the assigned reason code included within the received chargeback message, and verifying the assigned reason code assigned to the chargeback transaction by comparing the retrieved transaction data to the retrieved regulation set.11-29-2012
20120303532METHOD AND APPARATUS FOR FACILITATING ONLINE PAYMENT TRANSACTIONS IN A NETWORK-BASED TRANSACTION FACILITY USING MULTIPLE PAYMENT INSTRUMENTS - A method and system for transferring value to a user of a transaction system including receiving from the user a request for value, evaluating the risk involved in providing the value by evaluating information accessible to the transaction system, selectively approving the request for value based on evaluating the risk involved, and distributing the value to the user. The information that is accessible to the transaction system may be stored at the transaction system or separated from the transaction system. The value may include funds, a line of credit, coupons, or gift certificates, and may be distributed over a period of time. The user may be a buyer or a seller.11-29-2012
20120303531SYSTEM AND METHOD FOR CONTROLLING SERVICE SYSTEMS - A pump surrogate controller system and method allows multiple point of sale systems to control a particular service system. For example, a register at a cashier stand may activate the same fuel pump as an automated checkout kiosk. The surrogate controller may further coordinate the transmission of transaction data to the appropriate destinations. For example, transaction information relating to a fuel transaction may be delivered to the appropriate point of sale for completion. Transactions that are pre-authorized prior to a purchaser's arrival at a service station may also be activated using the surrogate controller. Fuel dispensing may be dependent on confirmation that the vehicle and dispensing pump are in close proximity.11-29-2012
20120303530METHOD FOR CORROBORATING A GAMING JACKPOT PAYMENT - A method for authorizing a witness-less manual payment of a gaming jackpot includes comparing a jackpot transaction value from a payment user to a maximum witness-less hand-payment jackpot value and to a jackpot value from the gaming machine. Confirmed jackpots of suitable value can be authorized for hand-payment without a corroborating human witness. The maximum value is selectable by the casino.11-29-2012
20120303529MULTI CURRENCY EXCHANGES BETWEEN PARTICIPANTS - A method and apparatus for facilitating payment transactions in multiple currencies between participants is provided. In one embodiment, an option is provided to a user to select a currency in which to make a payment. An indication of the selected currency in which to make the payment is received. A determination is made as to whether the selected currency is a primary currency of an account of the user. Based on the selected currency being different from the primary currency of the account of the user, the payment is converted to the selected currency.11-29-2012
20120303528SYSTEM AND METHOD FOR PERFORMING A TRANSACTION RESPONSIVE TO A MOBILE DEVICE - A transaction system for use in cooperation with a client mobile device, the transaction system constituted of: a provider associated device arranged to obtain an identifier associated with the client mobile device; and a transaction server in communication with the provider associated device. The provider associated device is arranged to output a transaction request message comprising information regarding the obtained identifier of the client mobile device. The transaction server, responsive to the transaction request message, is arranged to process the received transaction request message in accordance with one of a plurality of processing paths responsive to an attribute of the received transaction request message.11-29-2012
20120303527PROCESS AND HOST AND COMPUTER SYSTEM FOR CARD-FREE AUTHENTICATION - A terminal of acceptance (11-29-2012
20120303526SYSTEMS AND METHODS FOR TRANSFERRING FUNDS FROM A SENDING ACCOUNT - Provided herein are methods and systems for transferring funds from a sending account to a payee. In embodiments, the sending account may be a pre-paid wireless telephone account. The methods and systems may involve a transaction management system, an account setup module, a funds transfer module and a reporting module.11-29-2012
20120303524SYSTEM AND METHOD FOR RECEIVER STAGED MONEY TRANSFER TRANSACTIONS - A computer system is operated for a receiver-staged money transfer transaction. A staged transaction is received from a receiver and includes one or more items requested by the receiver. Information about one or more senders identified to receive the staged transaction is then received, and the staged transaction is sent to the one or more senders. Approval notifications are received from the one or more senders indicating the one or more items in the staged transaction that the one or more senders agree to fulfill. The requested items fulfilled by the one or more senders are then released to the receiver11-29-2012
20110251959System and Method for Check Exception Item Notification - A system mainframe receives a payee check file and a payor check file and produces an exception file including at least one exception item. A server receives the exception file and generates a Web file including information relating to the exception item and generates an address for the Web file. The server further sends an exception client an e-mail which notifies the exception client of the exception item and provides the exception client with the address for the Web file.10-13-2011
20110016049ACCOUNT RISK MANAGEMENT AND AUTHORIZATION SYSTEM FOR PREVENTING UNAUTHORIZED USAGE OF ACCOUNTS - The invention provides a system for maintaining approval criteria of one or more accounts as determined by an account holder, said system including a server capable of maintaining the approval criteria of an account over its lifecycle, a server capable of determining whether a transaction against an account is permissible based on a set of account holder selected approval criteria, an interface accessible over a local or wide area network configured to permit an issuer system to request permission to proceed with its own authorization processing upon receipt of an authorization request against an account, an interface accessible over a local or wide area network configured to permit an account holder or an authorized account operator to instruct the server to allow or disallow transactions based on the variable approval criteria selected by the account holder, and a system for authenticating a user prior to permitting operations to be processed on the server in response to commands from the account holder.01-20-2011
20120278238Account Permanence - A system and method for using derived account identifiers. The derived account identifiers are associated with a single permanent account identifier. Each derived account identifier is associated with a communication channel or portable consumer device.11-01-2012
20120278240Method and System to Verify the Identity of a User - A method and system to verify the identity of a user are described. The system may include a communications module to receive a billing telephone number and a private data segment associated with a user; an address detector to obtain a street address associated with the user; a private data processor to obtain one or more identification records, utilizing the obtained street address and the private data segment; and a matching module to compare the one or more identification records with the private data segment associated with the user to generate a match result.11-01-2012
20120278239INSTANT AVAILABILILTY OF ELECTRONICALLY TRANSFERRED FUNDS - A system and method for making proceeds of a transaction available to a user before the transaction is completed is provided. The system may be part of an on-line system or traditional merchant configured to facilitate payments or fund transfers from users. In example embodiments, a request from a first entity to conduct a transaction involving a first value is received. Funds of the transaction are caused to be released prior to the transaction clearing a financial institution. Based on the transaction being rejected by the financial institution, at least a portion of the first value is charged against a credit source.11-01-2012
20110258119DIGITAL CHECK TRANSACTION SYSTEM - A digital check transaction system including a receiver which receives, from a requestor, a request for confirming whether a check can be endorsed to a recipient to complete a transaction between the requestor and the recipient, a processor which processes the received request to determine whether the check can be endorsed, and a transmitter which, in response to the processor determining whether the check can be endorsed, transmits a response to the requestor indicating whether the check can be endorsed.10-20-2011
20110213707SYSTEMS AND METHODS FOR FACILITATING PERSON-TO-PERSON PAYMENTS - Embodiments of the invention may provide systems and methods for facilitating person-to-person payments. A payer request to pay a payee identified by a first contact identifier is received. Upon failing to locate the payee in a data repository of registered payees via the first contact identifier, the first contact identifier is utilized to transmit a registration invitation to the payee. Information associated with the request may be stored pending registration by the payee, and the invitation may include a link to a payment service provider site and an indicator of the stored information. Based upon a payee selection of the link, the indicator and identifying information for the payee other than the first contact identifier is received. The received identifying information is utilized to determine a pre-existing registration of the payee with the payment service provider, and the stored information is utilized to direct a payment to the payee.09-01-2011
20100325049Run efficiency measuring system, a vehicle and a certificate - A run efficiency measuring system measures both investment into a vehicle for run and actual run performance by the vehicle. The investment means cost of energy, toll, and budgeted time, while the actual run performance means travel distance and saved time. Run efficiency is calculated on the measurements separately by difference in driver, between toll run and free run, and in unit price of energy. The measurement is summarized every time when one of the differences occurs, or day changes, or predetermined travel distance has been run. Vehicle is in wireless communication with IC card type certificate integrated with credit card which is inserted into card slot of the vehicle to identify driver for the individual run efficiency calculation, authentication as qualified driver, and ETC payment. Run efficiency data gotten in a vehicle can be taken over to next different vehicle for accumulation by way of memory of the certificate.12-23-2010
20120150744Systems and Methods for Secure and Transparent Cardless Transactions - Systems, methods, and apparatus for handling and/or authorizing payment requests by a consumer for a transaction are provided. Payment information can be sent directly from a consumer to a non-merchant, thereby allowing no new entities to obtain the payment information. Transaction identifiers can be used to facilitate communications among the entities. The payment information can be sent to the non-merchant via a merchant application with a submit payment button directed to the non-merchant so little or no deviations from standard practices are required.06-14-2012
20120123944Method and System Using Universal ID and Biometrics - A universal ID and biometrics systems and methods are disclosed. A method includes receiving an authentication request message originating from a user. The authentication request message includes a first identifier and a second identifier, where the second identifier includes biometric data. The method further includes determining a third identifier based on the first identifier and sending the second and third identifiers to a first server computer to determine if the second and third identifiers have a predetermined correlation. The method further includes receiving confirmation of user authentication if the identification system determines that the second and third identifiers have the predetermined correlation.05-17-2012
20100280951APPARATUS AND METHODS FOR PROVIDING A PAYMENT SYSTEM OVER A NETWORK - Apparatus and methods provide an accumulator that processes electronic payments from an employer to a recipient via a network. The payments processed may be, for example, child support payments collected from an employee by the employer. The employer may submit one transaction made up of payments collected from multiple employees bound for multiple recipients and the accumulator may receive, translate, batch, and deliver the payments to the multiple recipients. The accumulator, employers, and recipients may communicate via a network such as the Internet.11-04-2010
20110153500REAL TIME ACCOUNT UPDATE - A method is used in a system that includes a financial service provider coordinating accounts issued by an issuer to cardholders requesting credit from merchants. Each merchant has an acquirer with whom the financial service provider also coordinates the accounts. The method can be performed by a merchant sending a transmission to its acquirer including a request for a transaction against one account to which the merchant receives a denial or prior to receiving such a denial. The merchant then requests information from the financial service provider who responds by sending the requested information, upon which the merchant determines whether to extend the credit. When the method is performed by a financial service provider, in response to the denial received by one merchant or prior to such denial, the financial service provider receives a transmission from the merchant including a request for information about the account. In response, the financial service provider sends the merchant the requested information.06-23-2011
20110251957DUAL-ACTIVATION FINANCIAL PRODUCTS - A system operating in conjunction with a financial account permits joint activation of a card associated with the financial account. An event-detection module detects an event related to the card and an authorization component for permitting certain individuals to use the card. A messaging module generates account-related messages and transmitting these messages to individuals associated with the financial account.10-13-2011
20100088231METHOD FOR PERFORMING A DIGITAL CASH TRANSACTION - A method for performing a digital monetary transaction between a payer and payee comprising the steps of receiving a digital-cash value requested to be withdrawn from an account of a payer; generating a digital-cash code that is associated with the requested digital-cash value and communicating the digital-cash code to the payer; receiving the digital-cash value and the digital-cash code from a payee requesting to deposit the amount specified by the digital-cash value; comparing the received digital-cash value and the digital-cash code to confirm an association; and transferring funds of the amount specified by the digital-cash value to the payee. A system including a central digital-cash system and a network interface preferably can preferably operate the method.04-08-2010
20120203699Conducting Commerce Between Individuals - Receiving payment includes the establishment, at a first server, a transaction record including information identifying a payment amount, a first account to be credited by the payment amount, and a second account to be debited by a debit amount. A financial authorization network performs an authorization analysis on at least the second account. The second account is debited if the authorization analysis is successfully completed, and the first account is directly credited by the payment amount to conclude the transaction. Risk analysis may be performed for each individual. Payment is integrated with shipping.08-09-2012
20090216677System and Method for Virtual Capital Operation - A system for virtual capital operation over a network such as the internet includes a platform for a transaction between a first user and a second user of the system, a data processor for processing the flow of virtual currency occurred at the transaction between the first user and second user, and a trust company to allow real currency to be stored therein or withdrew therefrom in response to the flow of real currency occurred at the transaction, wherein the data processor generates an amount of virtual currency in response to an amount of real currency entrusted to the trust company.08-27-2009
20120203695SYSTEMS AND METHODS FOR FACILITATING SECURE TRANSACTIONS - A system for secure transactions receives an authorization request from a mobile device, the mobile device having received the authorization request by scanning a QR code and/or other encoded data. The system processes the authorization request using one or more transaction accounts that are paired to the mobile device, and transmits a response indicating approval or denial of the authorization request.08-09-2012
20080288404METHOD AND SYSTEM FOR PAYMENT AUTHORIZATION AND CARD PRESENTATION USING PRE-ISSUED IDENTITIES - Systems and methods for authenticating a party are disclosed. A transaction may be initiated between a relying party and a presenter. The relying party can send the presenter a message with transaction information and requirements for authentication. The presenter can forward the message to a third party, which can authenticate the presenter to the relying party.11-20-2008
20110178929BUSINESS-TO-BUSINESS TRANSACTION QUALIFIER - A system and method are disclosed. The method includes receiving, at a server computer, a transaction clearing request for a transaction, and then determining, using the server computer, if the transaction satisfies a stored blocking parameter. The method further includes allowing, using the server computer, the transaction clearing request if the transaction does not satisfy the stored blocking parameter, and denying, using the server computer, the transaction clearing request if the transaction satisfies the stored blocking parameter. In B2B transactions, clearing requests that are less than (or slightly above) a previously contracted amount can be denied because they are less than what the buyer expected.07-21-2011
20110258118Authentication Process Using Search Technology - Systems and methods are presented for improved authentication and risk analysis processes using search engine technology. In one potential implementation, an authorization request message is received at a payment processing network as part of a transaction between a user and a merchant. The payment processing network analyzes risk based on a search history associated with the user involved in the transaction with the merchant. A response to the authentication request is made based in part on the risk associated with the user search history. In further embodiments, a user registers with a search engine as part of a service for improved authentication, where the user accepts privacy settings allowing storage of search and transaction data by a search engine server. The search engine server passes search and transaction data to a risk analysis server for creation of risk parameters which may be used to authenticate transactions.10-20-2011
20100280949CROSS-BORDER OR INTER-CURRENCY TRANSACTION SYSTEM - A cross-border financial transaction system is provided in which a local financial institution has a computerised server facility in which multiple system members have each been allocated an account and a foreign financial institution has also been allocated an account and wherein the server facility is programmed to operate a member activated financial transaction system wherein a system member is able to conduct financial transactions by the remote operation of a communications device to transfer money from one financial account in the local financial institution to another financial account. The system is further enabled to reserve funds available in any account during the process of executing a financial transaction initiated by a system member. The server facility is programmed to receive instructions from a system member to execute a cross-border financial transaction; to reserve relevant funds from the instructing system member's account; to communicate information concerning the financial transaction to the said foreign financial institution and to receive a report from the foreign financial institution reporting as to the success, or otherwise of the transaction and transfer the reserved funds appropriately.11-04-2010
20080208748Transaction system and method - A transaction system having security parameters can authorize transactions based on a merchant category code, a card verification value code, a geographic location, a monetary value range, a transaction mode, an account access parameter, a class of goods, or a class of services, for example.08-28-2008
20080222039MONEY-TRANSFER TECHNIQUES - A technique for transferring money between a customer and a beneficiary comprises a money-transfer company, and a plurality of selling agents and paying agents. The money-transfer company maintains a server, a database, and a communications interface for communicating, via a telephone network and/or the Internet, with data terminals located at the selling and paying agents' sites. Customer transaction cards are distributed to customers. These cards have a visible card number and a corresponding alphanumeric card code stored in, e.g., a magnetic strip. In response to a customer's request, the money-transfer company activates the customer's transaction card by loading customer and beneficiary information into a corresponding transaction card record stored in the database. A selling agent initiates a money-transfer request from a data terminal. Specifically, the selling agent enters a monetary amount and swipes the customer's card in a magnetic strip reader located on the data terminal. Upon receiving the money amount and the customer's card code, the company creates a corresponding and unique transaction record associating the customer, his (her) card and the beneficiary, in the database and returns a fund pick-up (“folio”) number to the customer. The customer discloses the folio number to the beneficiary, who, with this number and appropriate personal identification, collects the transferred money from a paying agent. The customer can use the same transaction card to make subsequent money transfers, in any amount, to the same beneficiary.09-11-2008
20120203696SYSTEMS AND METHODS FOR FACILITATING SECURE TRANSACTIONS - A system for secure transactions receives an authorization request from a mobile device, the mobile device having received the authorization request by scanning a QR code and/or other encoded data. The system processes the authorization request using one or more transaction accounts that are paired to the mobile device, and transmits a response indicating approval or denial of the authorization request.08-09-2012
20120203697SYSTEMS AND METHODS FOR FACILITATING SECURE TRANSACTIONS - A system for secure transactions receives an authorization request from a mobile device, the mobile device having received the authorization request by scanning a QR code and/or other encoded data. The system processes the authorization request using one or more transaction accounts that are paired to the mobile device, and transmits a response indicating approval or denial of the authorization request.08-09-2012
20080255993Mobile payment and accounting system with integrated user defined credit and security matrixes - A platform that accommodates financial transactions and is accessible via mobile phone networks, Internet and traditional methods is linked to user defined credit and security matrixes. Credit risk tolerance factors consider the qualifications, characteristics, and profile of counterparties. Security risk tolerance factors consider the user's willingness to use a particular financial platform in an environment where abuse, fraud, theft, and other security factors are of concern. In both cases the user creates matrixes that describe risk tolerance and financial transactions must successfully pass through the filters designed by the user. The system can be used alone or linked to bank accounts, credit and debit accounts, etc. This provides a higher level of security and risk control in a mobile or Web-based environment. By giving customers way to control risk, use of new electronic methods of payment and other financial transactions can be accommodated in a more comfortable, secure, and efficient manner.10-16-2008
20100332393ONLINE PAYER AUTHENTICATION SERVICE - A payment authentication service authenticates the identity of a payer during online transactions. The authentication service of the present invention allows a card issuer to verify a cardholder's identity using a variety of authentication methods, such as the use of passwords. Also, the only system participant requiring a certificate is the issuing financial institution. One embodiment of the invention for authenticating the identity of a cardholder during an online transaction involves querying an access control server to determine if a cardholder is enrolled in the payment authentication service, requests a password from the cardholder, verifies the password, and notifies a merchant whether the cardholder's authenticity has been verified. In another aspect of the invention, a chip card and the authentication service independently generate cryptograms that must match in order for the service to verify that the correct chip card is being used by the cardholder.12-30-2010
20080249938SYSTEM AND METHOD FOR MERCHANT DISCOVERY AND TRANSFER OF PAYMENT DATA - A method and system are provided for communicating with a merchant server and transferring payment data in a transaction between a mobile device and a merchant server. A user of the mobile device has a user identifier registered with the system and the merchant server has a merchant identifier registered with the system. The method comprises the steps of: receiving the merchant identifier from the mobile device; determining a merchant server address associated with the merchant identifier; establishing a communication channel with the merchant server; exchanging interactive information requests and responses between the merchant server and the mobile device; determining payment data associated with the user identifier; and providing the payment data to the merchant server.10-09-2008
20080249939Systems and Methods for Using Interactive Devices for Identification, Security, and Authentication - A computer implemented method of using data from 1 or more physical devices to process business logic. The devices can comprise of things like a mobile phone or hand set, a cell phone system tower, a GPS satellite, cable systems set top box, a business machine like a merchant's credit card processing machine or a unique personal communication device. The data received from the different device(s) is analyzed by a server(s) to determine things like location, best practice, fraud, identification, secure data ownership, payment verification and the presence of a device owner's actual control of the physical device or a physical asset.10-09-2008
20110010295DELEGATED TRANSACTIONS OVER MOBILE - Systems and methods are described that generally relate to enabling completion of secure transactions using mobile devices that may or may not have the needed or desired security features. A secure transaction may be partially completed by a secure computing device and partially completed by a less secure mobile device, where the secure computing device may be used to delegate a transaction operation to the less secure mobile device.01-13-2011
20110055085Systems and Methods for Processing Benefits - Systems and methods for processing, for example, childcare benefits include: issuing a benefit card to a childcare customer; receiving a start time for childcare service at a childcare provider, the start time recorded by using the benefit card at a terminal located at the childcare provider at the start of childcare service; receiving an end time for childcare service at the childcare provider, the end time recorded by using the benefit card at a terminal located at the childcare provider at the end of childcare service; computing the childcare benefit eligibility based on the start time, the end time and benefits available for the childcare customer; and paying the childcare provider a payment based on the computed benefit eligibility.03-03-2011
20110258120METHOD AND APPARATUS FOR SECURE ACCESS, PAYMENT AND IDENTIFICATION - According to one aspect, the invention provides a system for authenticating identities of a plurality of users. In one embodiment, the system includes a first handheld device including a wireless transceiver which is configured to transmit authentication information, a second device including a wireless receiver, where the second device is configured to receive the authentication information.10-20-2011
20110258117MODIFICATION OF PAYMENT TRANSACTIONS IN REAL-TIME BASED UPON EXTERNAL DATA SOURCE - A system for, and method of using multiple data flows, both transactional and non-transactional, in real time to modify a transaction is disclosed. Further the use of transaction information in real time as a decision factor to trigger a different, non-transactional response, and the combination of the two approaches is disclosed. In particular, a network comprised of a plurality of software modules and databases is capable of combining current POS/POP transaction data, with a variety of other outside data sources to provide improved information for adjusting responses to transactions in real time. More specifically, the network utilizes payer facing systems to analyze the data in combination with well-known POS/POP transaction data and a variety of internal and external systems to combine information and provide modified transactions, related discounts and offers, and other relevant messaging to the payer. In addition, a specific method for analyzing for fraud within hybrid information transactions is disclosed and several examples to illustrate the invention are included.10-20-2011
20110119190ANONYMOUS TRANSACTION PAYMENT SYSTEMS AND METHODS - Disclosed are methods, apparatus, systems, and non-transitory, tangible computer-readable media associated with use of transaction authorization codes to each of the parties involved in a buying and selling transaction. In various embodiments, the transaction authorization code(s) may be exchanged between parties, and once confirmed or validated, the transaction may be consummated. In one embodiment, the transaction authorization code may conceal personal and/or financial information about a party with whom the code is associated. In various embodiments, transaction authorization codes may be used on shared or separate devices. In various embodiments transaction authorization codes may be entered through web-based interfaces or using mobile devices.05-19-2011
20110119189DATA PROCESSING FRAMEWORK - The system enables a data processing framework that polls for files using a listener, controls the workflow using event driven logic, processes financial transactions, and creates a business to business trading partner network. The listener ensures the reliability and data integrity of input files and performs archiving functions. The payment management functions automatically processes transactions, including payor (e.g., the buyer) initiated payments to a payee (e.g., a supplier) by utilizing a flexible, decoupled processing architecture. A payment management computer identifies a universal identifier for each entity and forms relationships and hierarchies in order to increase efficiency of the trading partner network. Metadata describes the format, validation and relationships for a wide variety of financial account data.05-19-2011
20120150743SYSTEM AND METHOD FOR TRANSFERRING REDEMPTION RIGHTS TO GIFT CARDS - Disclosed herein are systems, methods, and non-transitory computer-readable storage media for managing regifting of a group gift wherein a recipient or purchaser of the gift and givers are all registered with the system using their payment accounts in advance and a policy manages money transfers for the gift. The system identifies a recipient and a recipient payment account associated with the policy that provides that upon detecting a qualifying transaction using the recipient payment account, a gift amount is transferred to the recipient payment account. The system receives a request to modify the policy based on identification of a new recipient and identifies an associated new recipient payment account. In response to the request, the system modifies the policy such that at least a portion of the gift amount is transferred to the new recipient account upon detecting the qualifying transaction using the new recipient account.06-14-2012
20120150742System and Method for Authenticating Transactions Through a Mobile Device - A user may claim to have not made or allowed a transaction and that the transaction was made in error. Where it appears the user has not authorized the transaction, the funds of the transaction are returned to the user, or are charged back. Systems and methods provide a way to confirm whether or not a transaction was actually authorized by the user, thereby settling a chargeback dispute for a previously executed transaction. The method comprises receiving the dispute regarding the transaction including associated transaction data, and retrieving a digital signature associated with the transaction data, the digital signature computed by signing the transaction data. The digital signature is then verified using a public key, wherein the public key corresponds to a private key stored on a mobile device. It is then determined whether or not the transaction is fraudulent based on a verification result of the digital signature.06-14-2012
20110137798SYSTEM AND METHOD FOR SELECTION OF PAYMENT SYSTEMS FROM A PAYMENT SYSTEM DIRECTORY TO PROCESS A TRANSACTION - Dynamically enabling and facilitating businesses or other entities to locate and transact with payment systems for the purpose of processing payments. A customer interacts with a supplier of an item (e.g., goods or services), selects an item for purchase, and provides the supplier with payment criteria. The supplier queries a payment system directory to locate candidate payment systems for the transaction. The supplier then interacts directly with one or more of the payment systems to partially or fully process payment for the transaction. Alternatively, the supplier interacts with a gateway service, which queries a payment system directory to locate candidate payment systems and then interacts with one or more of the payment systems to process payment for the transaction.06-09-2011
20110016052Event Tracking and Velocity Fraud Rules for Financial Transactions - A fraud rule can be applied to a transaction according to a first authorization parameter. The transaction is passed to a filtering rule which is applied to the transaction according to a second authorization parameter. The filtering rule can approve the transaction for processing or pass the transaction on to a third party analysis. The fraud and filtering rules can apply the same analysis to the transaction with the exception of the authorization parameters. The fraud rule and filtering rules can analyze historical attributes of a consumer account.01-20-2011
20110125645SYSTEM AND METHOD FOR FACILITATING A SUBSIDIARY CARD ACCOUNT - The present invention provides a system and method for providing a flexible limit subsidiary account that may be issued by a Foreign Financial Institution. In particular, the present provides a system and method for allowing a parent to provide funds to a subsidiary and to control the spending of subsidiary or spending capacity. The card account may be issued at the request of the parent who may retain the ability to define, modify, and/or terminate the spending and/or debt accumulation limits for the subsidiary card account as well as other features as described in the attached disclosure. The system may be configured to provide the ability for parent to eliminate risks associated with fluctuations in currency exchange rates by committing to fixed automatic long-term charges at a fixed foreign exchange rate for a fixed term.05-26-2011
20110125643OVERDRAFT PROTECTION AND FORGIVENESS - Various aspects relate to systems, methods or devices for processing overdrafts made by customers. A particular embodiment is directed towards, a system that is configured to receive transaction data from customer-oriented terminals. The transaction data includes requests for monetary transfers on behalf of customers that hold a checking or savings account at a financial institution. In response to receiving the transaction data, the system accesses customer account information, which can include the amount of funds in the checking or savings accounts. The system determines whether sufficient funds exist in the accounts to cover the financial transactions. In response to a potential overdraft of one or more customer accounts, stored customer information is accessed to determine and authorize overdraft deferment eligibility of the customer based upon the stored customer information. The system defers an overdraft fee by providing a grace period during which funds can be transferred to cover the overdraft.05-26-2011
20110125644ONLINE PAYMENT TRANSFER AND IDENTITY MANAGEMENT SYSTEM AND METHOD - A payment transfer method for transferring funds from a payer to payee is provided, including designating a payee and specifying a payment amount and an account; debiting the funds from the account and crediting a first trust account; and identifying the payee by verifying responses received in response to one or more challenge-response questions defined by the payer. If the one or more responses are verified, a second trust account may be debited and a payee account credited with the payment amount. The first and second trust accounts may then be reconciled. There is also provided a payment transfer facility for transferring funds, comprising an application server for storing payment data relating to a transfer of funds and a notification server for providing a notification of the transfer of funds.05-26-2011
20110137799CARD INCLUDING ACCOUNT NUMBER WITH VALUE AMOUNT - Embodiments of the invention disclosed herein provide a method of participating in prepaid programs through retail systems without the need to first upgrade their POS capabilities to participate, and allow for a merchant (retailer) to participate in proof of concept programs to determine if prepaid is a viable solution for their retail business model.06-09-2011
20120209768PAYMENT SYSTEM WITH LOCATION RESTRICTIONS - A method for restricting a payment from an account based on a user location includes receiving at least one payment location restriction for an account from a user device over a network. The at least one payment location restriction includes at least one authorized user location or at least one unauthorized user location for making payments using the account.08-16-2012
20100262543ELECTRONIC SETTLEMENT SYSTEM, ELECTRONIC SETTLEMENT METHOD AND CASH PAYING METHOD USING LCD BARCODE DISPLAYED ON MOBILE TERMINAL - Disclosed are an electronic settlement system, an electronic settlement method, and a cash payment method using a barcode displayed on a mobile terminal, thereby performing member identification using the barcode including member information, electronic settlement services (such as credit card settlement, direct payment card settlement, advance payment card settlement, small amount settlement, and Giro system settlement) at various shops via a procedure verifying whether a user is an actual owner of the barcode, cash payment services via member information barcode and member identification procedures, advance payment card services by depositing a designated amount of money at a database of the bank and allowing the user to systematically use the advance card within the deposited money, and wireless banking services for transmitting and receiving various banking related data via wireless network between the bank and the members.10-14-2010
20100262544SYSTEM AND METHOD FOR FACILITATING VALUE EXCHANGES USING MOBILE DEVICES - A system and method for facilitating a value exchange transaction. A first party initiates the transaction by selecting or providing an identifier of another party and the value to be exchanged. The second party may be identified by a pre-existing identifier such as an electronic mail address, telephone number, etc. The system informs the second party of the transaction (e.g., using the specified pre-existing identifier). If the second party is not a registered user of the system, he or she is invited to register and complete the transaction. The system may comprise a synchronization server for exchanging transaction details with users' devices, a communication server for registering new users and/or conducting transactions online and a financial server for interacting with external financial institutions.10-14-2010
20100262542Method And System For Controlling Risk In A Payment Transaction - Example embodiments of the presently described subject matter are described that require a customer to use a secure payment token if, during a payment transaction, it is determined that the payment transaction poses a risk. A risk analysis may be performed based at least in part on data related to the payment transaction, such as data related to the customer, the transaction itself, the merchant, etc. If the results of the risk analysis indicate that an unacceptable amount of risk exists, the merchant or any interested party may require the customer to use a secure payment token, for example, a smart card, to conduct the transaction. Otherwise, the customer may proceed by using a static payment token, for example a credit card or PIN/password-based payment token.10-14-2010
20100185544Method and System for Making a Payment Through a Mobile Communication Device - A method for making a payment through a mobile communication device, the method comprising: 07-22-2010
20100179908Method And System For Performing Money Transfer Transactions - A method of performing a send money transfer transaction through a financial services institution includes storing transaction details on a data base, wherein the transaction details include a desired amount of money to be sent; establishing a code that corresponds to the transaction details stored on the data base; entering the code into an electronic transaction fulfillment device in communication with the data base to retrieve the transaction details from the data base; and determining a collect amount based on the transaction details. A system for performing a send money transfer transaction is also disclosed.07-15-2010
20100179907METHODS AND A SYSTEM FOR PROVIDING TRANSACTION RELATED INFORMATION - Methods and a system for providing a service enabling users to securely request and receive data representing details of a payment card using a mobile telephony device. The data representing details of a payment card can then be used to partake in a commercial transaction in which the user is not present at, or remotely located from, the point of transaction.07-15-2010
20120310836LOCATION BASED AUTHENTICATION SYSTEM - A method for determining a fraud score associated with a monetary transaction facilitated using a payment card in a store is disclosed. The method comprises receiving data representative of an incoming payment transaction; analyzing a location of an owner of the payment card and a location of the store for determining a location rating; analyzing a location behavior profile (LBP) related to the payment card for determining a behavior rating, wherein the analysis is based in part on the incoming payment transaction; computing a transaction rating using the location rating and the behavior rating in combination with a first weight factor; analyzing historical payment transactions related to the payment card for determining a card rating; and computing the fraud-score using the transaction rating and the card rating in combination with a second weight factor.12-06-2012
20120310834PAYMENT SYSTEM - A payment system is capable of making recurring payment processing through only single processing at a predetermined period and thereby enhancing credit card transactions on rents of real-estate rental properties. Rent information sent from a CAT to a host computer is stored in a recurring payment database, and a sales telegram of the rent stored in the recurring payment database is sent to payment request determination means on the assumption that the payment is within a guarantee period stored in a guarantee period database.12-06-2012
20120310831REPUTATION MANAGEMENT IN A TRANSACTION PROCESSING SYSTEM - A method includes: receiving information regarding a plurality of completed transactions from a plurality of users; receiving a query from a first user regarding a proposed transaction; determining at least one affinity between the first user and the plurality of users based on the information; determining a ranking or expectation of success for each of a plurality of potential entities for the proposed transaction based on the at least one affinity; selecting a plurality of selected entities based on the ranking or expectation of success for each of the potential entities; and sending, in response to the query, the plurality of selected entities to the first user.12-06-2012
20120310830SYSTEMS AND METHODS FOR MANAGING CHARGEBACK REQUESTS - Various embodiments provide systems for managing chargeback requests. Such systems comprise a memory and at least one processor configured to: (a) retrieve transaction parameters associated with the previously executed transaction from the memory; (b) retrieve historical parameters associated with one or more other previously executed transaction activities conducted by the user from the memory; (c) compare one or more transaction parameters with one or more historical parameters to identify at least one correlation; and (d) after identifying at least one correlation, transmit information on the at least one correlation to be used as evidence sufficient to support a finding that the user did conduct the previously executed transaction activity with the website. Associated methods are also provided.12-06-2012
20120310829SYSTEMS AND METHODS FOR APPLYING A UNIQUE USER IDENTIFIER ACROSS MULTIPLE WEBSITES - Various embodiments provide systems for registering a user with at least two websites. The systems comprise a memory and at least one processor configured to (12-06-2012
20120310828INSTANT BANK ACCOUNT VERIFICATION THROUGH DEBIT CARD NETWORK - A bank account can be authenticated or confirmed by a user providing an account number and a debit card number. The payment provider then obtains user account information from the bank through a debit card network. The payment provider authenticates the account if the account numbers match. In another embodiment, authentication further requires a portion of a current bank balance in the account provided by the user to match the current balance received from the bank.12-06-2012
20100121764TRANSACTION NOTIFICATION SYSTEM AND METHOD - In embodiments, there is a method and system for providing a notification to a purchaser or user regarding the substance of a transaction. In an embodiment, a notification may be by mail, phone call, phone message, text message, email, or other notification. In an embodiment directed to a gift card, a notification may contain any suitable information, including, but not limited to, identifying that the gift card has been activated, used, and/or identifying the particular items purchased with the gift card.05-13-2010
20110099110PORTABLE TERMINAL DEVICE, CHARGING PROCESSING METHOD FOR PORTABLE TERMINAL DEVICE, AND CHARGING SYSTEM - An object of the present invention is to provide a portable terminal device capable of selectively performing a charging form with convenience for a user, a charging processing method for the portable terminal device, and a charging system.04-28-2011
20100217708Superior identification system using numbers - A system and method of preventing unauthorized use of a credit/debit card whereby a new PIN code is used for each new transaction. The user/card holder is in charge of generating each new PIN code. When entering the PIN code, a new PIN code is entered at the same time which replaces the last PIN code. Since only the user/card holder knows this ever changing new PIN code, this system is virtually fraud proof. In an enhanced version intercepting the new PIN code or watching what digits are used by the card holder would be worthless since a secret number only known by the card holder would have to be added to the last PIN code when used for the next transaction.08-26-2010
20100082484Proxy-Based, Transaction Authorization System - A system is disclosed that features a transport vehicle in which a responsive object is present, such as a truck in which a cellphone is present, in which the object is equipped to provide location or other state information when queried. The transport vehicle is outfitted with a proxy that represents the responsive object. The proxy is configured such that it is better able than the responsive object to estimate the responsive object's location or state. The vehicle is also outfitted with i) sensors that detect the responsive object and ii) sensors that detect state information of the vehicle. The object sensors are able to query the object in the same way as the querying device would query that object in the prior art. Using information from the sensors, the proxy then responds to the query on behalf of the responsive object, and an authentication device processes the query.04-01-2010
20100082485Portable point of purchase devices and methods - Systems, methods, and devices for conducting sales transactions are provided. Embodiments include handheld, portable, electronic, point of purchase devices configured to acquire identification information from articles to be purchased, to determine a purchase price, and to acquire payment information for the purchase price. The point of purchase devices may include one or more input devices such as a near field communication device, a camera, a scanner, and a biometric sensor for acquiring the identification information and/or the payment information. In some embodiments, the near field communication device may be detachable from the point of purchase device. The point of purchase devices also may contain communication interfaces, such as a near field communication interface, a local area network interface, a short message service interface, and a personal area network interface, for transmitting the information to an external server.04-01-2010
20090299902METHOD OF AND SYSTEM FOR COMMUNICATING LIABILITY DATA IN A TELECOMMUNICATIONS NETWORK - The present invention relates to a method of and system for managing financial liability in a telecommunications network wherein a service requester (12-03-2009
20110191244Secured Transaction System - The present invention relates to a secured transaction system. In one embodiment, a mobile transaction processing agent system includes a communication module configured to receive a secured transaction description from a mobile client device or an encrypted transaction description from a point-of-sale (POS) device, wherein the secured transaction description is in the form of a bar code generated by the mobile client device, an authentication module configured to decode the secured transaction description and verify the secured transaction description is valid based on the mobile client device or the point-of-sale device, and a transaction processing module configured to process the transaction in accordance with the secured transaction description.08-04-2011
20110153499PERFORMING A BUSINESS TRANSACTION WITHOUT DISCLOSING SENSITIVE IDENTITY INFORMATION TO A RELYING PARTY - A user engages in a transaction with a relying party. The relying party requests identity information from the user in a security policy and identifies transaction elements for an on-line business transaction. Typically, the security policy and transaction elements are transmitted together; the security policy can be as little as a request to conduct the on-line business transaction. The user identifies an information card that satisfies the security policy. The computer system requests a security token from the identity provider managing the information card, which can include requesting a transaction receipt for the transaction elements. The computer system then returns the security token (and the transaction receipt) to the relying party, to complete the transaction.06-23-2011
20100030688TRANSACTION PROCESSING USING A GLOBAL UNIQUE IDENTIFIER - A Globally Unique IDentifier (GUID) is used to match an authorization request with an authorization response for a transaction between a merchant and a consumer upon an account within a payment processing system where the payment amount is unknown until after the merchant receives the authorization response that includes the GUID. After receiving the authorization response and when the payment amount is known, the merchant forms a transmission that has information for delivery to an issuer of the account. This information is sufficient for the issuer to forward the payment amount from the account to pay the merchant for the transaction. While including the GUID and the payment amount, the information does not include an identifier of the account.02-04-2010
20100030689Transaction authentication system and method - The invention teaches the verifying a financial transaction by requiring an account holder to verify the transaction when the transaction is tagged for verification. It is emphasized that this abstract is provided to comply with the rules requiring an abstract that will allow a searcher or other reader to quickly ascertain the subject matter of the technical disclosure. It is submitted with the understanding that it will not be used to interpret or limit the scope or meaning of the claims. 37 CFR 1.72(b).02-04-2010
20100023454Transaction Authorization - One embodiment provides a computer-implemented method for transaction authorization within a security service. The computer-implemented method intercepts a request by a security service, wherein a transaction identifier is cached to form a cached transaction identifier, and requests the requester to authenticate to form an authentication request. The computer-implemented method further determines whether the requester was authenticated, and responsive to a determination the requester was authenticated, receives authentication information, including an associated transaction identifier. The request is intercepted and the cached transaction identifier inserted. The computer-implemented method further determines whether the cached transaction identifier is equivalent to the authentication information, including an associated transaction identifier, and responsive to a determination that the cached transaction identifier is equivalent to authentication information, including an associated transaction identifier, passes the request to the application.01-28-2010
20100017329SYSTEMS, METHODS AND DEVICES FOR SELLING TRANSACTION INSTRUMENTS - The present invention generally relates to a system and method for distributing an open transaction instrument. The system includes the steps of: accessibly offering for sale, in a retail environment, the open transaction instrument; selling a selected open transaction instrument; and enabling the use of the open transaction instrument. The transaction instrument may be, for example, an open pre-paid card. Furthermore, accessibly offering the open pre-paid card for sale, in one exemplary embodiment, is performed by hanging the pre-paid card on a rack. The distribution of the open transaction instrument may also comprise the step of sending a message, in substantially real time, causing the pre-paid open transaction instrument to be funded but not activated. Also, in accordance with further exemplary embodiments of the present invention, an issuer system is suitably configured to leverage existing infrastructure for inventory and related processes.01-21-2010
20090240624RISK DETECTION AND ASSESSMENT OF CASH PAYMENT FOR ELECTRONIC PURCHASE TRANSACTIONS - A system and methods are provided which allow consumers to pay for ecommerce transactions through online bill payment and for merchants to determine that payments are not fraudulent. The system and methods do not rely on personal or confidential customer information relating to credit-cards and/or bank account routing information, date of birth and/or social security number. A risk manager can perform risk assessment for the cash payment based on order information and non-confidential purchaser information included in a cash payment request. In response to receiving an indication of the cash payment from the purchaser, a determination is made whether the cash payment is a good payment based on the risk assessment. The cash payment is released to a merchant in response to a determination that the cash payment is a good payment.09-24-2009
20110307383METHOD AND SYSTEM FOR SECURE ORDER MANAGEMENT SYSTEM DATA ENCRYPTION, DECRYPTION, AND SEGMENTATION - An apparatus for segmented processing of order management system data is described herein. The apparatus generally includes: a front end interface that is operative to receive unencrypted payment information and unencrypted personal information relating to at least one customer order and return encrypted payment information and encrypted personal information relating to the at least one customer order; a middle tier interface that is operative to receive encrypted payment information and encrypted personal information relating to at least one customer order and return decrypted personal information only; and/or a back end interface that is operative to receive encrypted payment information and encrypted personal information relating to at least one customer order and return decrypted payment information and decrypted personal information relating to the at least one customer order.12-15-2011
20110307380System And Method For Establishing And Managing Social Wireless Network - A system for establishing connection between at least two electronic devices, through wireless communication data network, wherein each electronic device is associated with a single entity and at least one of the entities is a human user which participates in at least one social network. The system includes: a connection module supported by a short range communication protocol, integrated within at least one electronic device, wherein the module includes an identifying field uniquely associated with said electronic device and associated entity, the identification field is exposed as BT identity to other electronic devices located at proximity to said first device, wherein the identification field includes at least one unique code corresponding to said electronic device and at least one code associated with ID number of the entity in a social network, at least one repository of a cellular social network members, each member record including the identifying field, user profile and user connections to other entities, and wherein the connection module support handling the handshaking process of establishing social connection between two entities.12-15-2011
20110106704SYSTEM AND METHOD TO REALIZE INSTANT, GUARANTEED PAYMENTS FOR BUSINESS-To-BUSINESS (B2B) - A method is disclosed for transferring funds between two business entities. The method includes the steps of including a first business entity transmitting a purchase order to a second business entity, the second business entity transmitting an authorization request to a payment processor, sequestering a first amount of money in an account associated with the first business entity, based in part on an amount indicated in the purchase order, granting preliminary access to a second amount of money in an account associated with the second business entity, and removing the sequestered first amount of money from the account associated with the first business entity and depositing the second amount of money to the account associated with the second business entity.05-05-2011
20120041879METHODS AND SYSTEMS FOR PAYMENT PROCESSING BETWEEN CONSUMERS AND MERCHANTS - Described herein are methods and systems for processing a consumer payment with a payment system that utilizes payment information from a network partner of the payment system. In one embodiment, the payment system initiates a payment transaction between a merchant's site and the consumer in response to receiving a selection of a payment option from a consumer using an electronic device. The payment system generates selectable network partner options to be displayed on the electronic device of the consumer. The payment system receives a selection of one of the network partner options and also account credential information for the selected network partner from the consumer. The payment system sends the account credential information to the network partner for authentication. The payment system receives payment information for the consumer from the network partner. The payment system processes the payment transaction on behalf of the merchant.02-16-2012
20120041878Method And System For Authenticating Software License - The present invention is directed to a method and system for authenticating software license. The method for authenticating software license according to an embodiment of the present invention transmits a usage authorization request to an authentication information management server through a communication network, and receives and stores authentication information from the authentication information management server. Subsequently, the method for authenticating software license according to an embodiment of the present invention transmits a terminal identifier to a personal computer, and calculates run-time of software using a launch signal, a termination signal, or combinations thereof, received from the personal computer, corresponding to the running of software, and charges in accordance with the calculated run-time of software. The present invention enables users to authenticate software license using a mobile communication terminal.02-16-2012
20100325045JSI biometric payment system - The JSI Biometric Payment System is designed to work in conjunction the JSI Key and its' Chip Recognition System. The JSI Biometric Payment System is designed for the point of sales and payment industries and their different markets, the banking and financial institutions, and ATM networks to eliminate fraudulent electronic business transactions and identity theft. The JSI Biometric Payment System can be scaled-up or downsized to be implement in different markets depending on their payment landscape. JSI Biometric Payment System can be used in a mobile and wireless application, multi- and single lane retail outlets, banking transactions internal and external (ATM) network services.12-23-2010
20090171845METHODS AND SYSTEMS FOR CARDHOLDER INITIATED TRANSACTIONS - A cardholder-initiated financial transaction using a cardholder controlled input device in communication with a payment card network and a database is disclosed. The cardholder uses a payment card issued to the cardholder by an issuer bank. An exemplary method includes the steps of storing merchant data within the database including data identifying the merchants registered to utilize the card network and receiving from the input device transaction data relating to the financial transaction. The transaction data includes an authorization request and merchant identifying data that identifies the merchant involved in the transaction. The method further includes determining that the identified merchant is registered to utilize the card network by comparing the transaction data with the merchant data stored in the database, forwarding the authorization request to the issuer bank, receiving a response to the request from the issuer bank, and automatically forwarding the response to the input device.07-02-2009
20090171846Contactless Payment Through Satellite Radio Devices - A method and system for making a purchase using a payment card and a satellite radio. The method includes: broadcasting information relating to goods or services for sale via a satellite radio; receiving a request to purchase goods or services via a satellite radio that includes a payment card account number; identifying subscriber account information based on the payment card account number; submitting a request for payment authorization; receiving an authorization and delivering the goods or services to a purchaser. The system includes: a satellite radio that has a receiver and a transmitter; radio programming that includes an advertisement for the sale of goods or services; a payment card with a microprocessor chip or a magnetic stripe that contains account information and a payment card reader connected to the satellite radio for reading the account information from the microprocessor chip or magnetic stripe.07-02-2009
20090171842Techniques For Conducting Financial Transactions Using Mobile Communication Devices - The present invention advantageously combines communications aspects of mobile devices with financial transaction system capabilities in a novel manner. This advantageous combination enables a user to automatically initiate a financial transaction with a merchant upon the user being located in a particular geographic vicinity. Numerous types of transactions can be enabled using the present invention.07-02-2009
20100306107TRUSTED REMOTE ATTESTATION AGENT (TRAA) - Systems and methods for use with a service provider and a consumer electronic device include a trusted remote attestation agent (TRAA) configured to perform a set of checking procedures or mechanisms to help ensure the security status of a consumer electronic device (e.g., a mobile terminal or phone) that holds financial instruments. The checking procedures may include: self-verifying integrity by the TRAA; checking for presence of a provisioning SIM card (one that was present when the financial instruments were enabled on the device); checking that a communication connection between the consumer electronic device and the service provider is available and active; and checking that communication connectivity to a home mobile network is available and active. The frequency of the checking mechanisms may be adjusted, for example, according to a risk-profile of a user associated with the device or the location (e.g., GPS location) of the device. The checks may be used, for example, to temporarily disable or limit the use of the financial instruments from the device.12-02-2010
20120233075Systems and Methods for Processing Benefits - Systems and methods for processing, for example, childcare benefits include: issuing a benefit card to a childcare customer; receiving a start time for childcare service at a childcare provider, the start time recorded by using the benefit card at a terminal located at the childcare provider at the start of childcare service; receiving an end time for childcare service at the childcare provider, the end time recorded by using the benefit card at a terminal located at the childcare provider at the end of childcare service; computing the childcare benefit eligibility based on the start time, the end time and benefits available for the childcare customer; and paying the childcare provider a payment based on the computed benefit eligibility.09-13-2012
20120233073Universal Value Exchange Apparatuses, Methods and Systems - The UNIVERSAL VALUE EXCHANGE APPARATUSES, METHODS AND SYSTEMS (“UVE”) transform cross-ecosystem currency exchange instructions via UVE components into cross-ecosystem currency exchanges. In one embodiment, the UVE may obtain a cross-ecosystem currency exchange instruction and determine one or more sources and destinations based on parsing the cross-ecosystem currency exchange instruction. The UVE may identify currency types associated with the sources and the destinations and determine exchange rates of the currency types relative to a standard currency. In one implementation, the UVE may obtain currency exchange restrictions and conditions associated with the sources and the destinations and generate a currency exchange flow path for currency transfer from the sources to the destinations. The UVE may also issue currency transfer requests to the sources and the destinations, determine that the cross-ecosystem currency exchange has been completed and provide a notification of completion of the cross-ecosystem currency exchange.09-13-2012
20120254033VIRTUAL ACCOUNTS LINKED TO FINANCIAL ACCOUNTS - Virtual accounts having alphanumeric identifiers different from an alphanumeric identifier of a financial account are linked to the financial account. Financial transactions performed in relation to the virtual accounts result in changing the current value of the financial account. The virtual accounts themselves do not have a current value apart from a current value of the financial account to which the virtual accounts are linked. Performance of the financial transactions in relation to the virtual accounts does not expose the alphanumeric identifier of the financial account that would otherwise be exposed if the financial transactions were performed in relation to the financial account. A given financial account is also linked to another financial account. Performance of a financial transaction in relation to this given virtual account thus results in changing the current value of one of the financial accounts to which it is linked.10-04-2012
20120254039MULTI-VARIABLE TRANSACTION SYSTEM AND METHOD - A system for optimization of variables is provided. The system includes a buyer finance system for receiving asset data and buyer finance data. A seller variable system receives the asset data and the buyer finance data and applies a seller variable distribution to generate seller transaction state data. A finance variable system receives the asset data and the buyer finance data and applies a finance variable distribution to generate finance transaction state data. A variable optimization system receives the seller transaction state data and the finance transaction state data and generates transaction approval data.10-04-2012
20120254038CARDS, DEVICES, SYSTEMS, AND METHODS FOR ADVANCED PAYMENT FUNCTIONALITY SELECTION - A user is provided with a GUI that may allow the user to change functionality associated with a non-battery-powered card, a battery-powered card, a payment sticker, or another device (e.g., a mobile telephonic device). The GUI may be provided on, for example, a display screen of a device (e.g., mobile telephonic device or tablet computer) as an application for that device. The GUI may be provided by a website so that a user views the GUI from a web-browser. At any time, for example, a user may change additional functionality performed at payment. A user may change the additional functionality for a card or a button of a card. A remote facility may initiate a piggyback transaction, credit transaction, and/or other functionality based on the selected functionality be a user.10-04-2012
20120209772PAYMENT SYSTEM WITH TIME RESTRICTIONS - A method for restricting a payment from an account based on a time includes receiving at least one payment time restriction for an account from a user device over a network. The at least one payment time restriction includes at least one authorized payment time or at least one unauthorized payment time for making payments using the account. The at least one payment time restriction is associated with the account in a database. A request to make a payment using the account is received over the network. A current time is determined. The request is authorized or denied based, at least partly, on whether the current time is included in the at least one authorized payment time or the at least one unauthorized payment time.08-16-2012
20120209771MONITORING FOR OFFLINE TRANSACTIONS - A technique for tracking conversion of an online offer includes tracking online and/or offline transactions. A customer accepts an offer provided by a merchant and submits his or her account information so that he or she may receive a reward for satisfying criteria associated with the offer. Transactions of the merchant are then monitored at the payment processor level to determine whether the customer satisfies the purchase criteria. Therefore, online and offline conversion can both be tracked. Further, the merchant is able to determine the overall effectiveness of advertising campaigns by analyzing the number of offers that are both accepted and satisfied.08-16-2012
20120047071PAYMENT CARD PROCESSING SYSTEM - A method, programmed medium and system are provided for using a payment card with an embedded RFID device. In one example, a cellular telephone or other wireless device is used to generate a one-time password (OTP), which is then transmitted by a read-write RFID in the wireless device to the read-write RFID which is embedded within a payment card. The user's phone or other wireless device then activates the writing of the OTP to the RFID of the payment card. The payment card, with the one time password now saved in the card, is then handed to the waiter or store clerk for payment approval and/or further processing. The user's OTP is then read by the merchant's RFID reader and transmitted to an approving agency/server for approval or disapproval of the user's purchase.02-23-2012
20120047073Account Administration Plans and Systems - A computer system for facilitating payments from an account according to particular embodiments of the invention is adapted for: (1) facilitating the transmission, to a plan service provider, of a first set of documentation of a first payment that would potentially qualify for reimbursement from the account; (2) receiving, from the plan service provider, verification that the first payment has been verified as qualifying for reimbursement from the account according to a set of reimbursement rules associated with the account; (3) storing, in memory, an electronic version of the first set of documentation; and (4) storing, in memory, an indication that the first payment has been verified as being properly reimbursable from the account.02-23-2012
20120047072MERCHANT ALERT SYSTEM AND METHOD FOR FRAUD PREVENTION - A system and method for preventing merchant electronic transaction fraud includes a plurality of network connected data processing terminals, including at least one server; means for receiving an electronic authorisation request at the server from a first data processing terminal, the request is for authorising the processing of an electronic transaction associated with a cardholder's card or account data; means for filtering the received request according to predetermined filtering criteria; means for identifying at least a second data processing terminal as a merchant device; means for sending the request to the merchant device, to notify the merchant that processing of an electronic transaction is proposed, a parameter of which is said cardholder's card or account data and alert data to indicate that the transaction is fraudulent; and means for receiving interrupt data from the second terminal and for interrupting processing of the transaction with that card data or account data.02-23-2012
20120209775SOCIAL NETWORK TRANSACTION PROCESSING SYSTEM - A system for transferring funds using social network connections. The system sends application programming interface (API) requests to social networks to obtain “friend” information and create accounts into which funds are deposited and which may be retrieved by recipients via hyperlinks in messages provided through social networks. The system may also be used to request funds from social network friends. The system provides benefactor friends fund requests in the form of social network messages, which allow the benefactors to access the system and provide funds to a user via hyperlinks in the messages.08-16-2012
20120005096Method of conducting financial transactions - A method is provided of conducting a financial transaction with reduced likelihood of fraud. A financial transaction is entered into using a first party's financial transaction instrument to transfer funds. The first party's financial transaction instrument information is sent externally to a mobile device. The financial transaction instrument information is sent from the mobile device to a payment system.01-05-2012
20080288403PIN ENCRYPTION DEVICE SECURITY - An apparatus and method for securing transaction data, includes reading token data from a token using a read apparatus and encrypting the token data at the read apparatus, sending the encrypted token data to a security module over a communication link, and verifying the integrity of the communication link based on encrypted token data. The apparatus and method can further include receiving authentication data for the token and encrypting the authentication data within the security module, and combining the encrypted token data and encrypted authentication data into a transaction data stream. In various embodiments, a detection apparatus with plurality of read structures (for example, read gaps), can be used to provide additional information in verifying the integrity of the communication link comprises determining whether the read structures are detecting token data with a spatially diversity in accordance with a geometry of the read structures.11-20-2008
20120116972Electronic Payment Orders - Methods, systems, and apparatus, including computer programs encoded on a computer storage medium, for generating and clearing electronic payment orders. In one aspect, a method includes generating an electronic payment order using a computer. Signature data authorizing the electronic payment order is electronically captured. The signature data includes a stroke pattern of a user signature and is captured substantially concurrently with generating the electronic payment order. The electronic payment order and the electronically captured signature are transmitted to an entity authorized to receive payment based on the electronic payment order.05-10-2012
20120011067GATEWAY ABSTRACTION LAYER - Systems, gateway computers, and methods for using a gateway abstraction layer and application platform interfaces for conducting service transactions are disclosed. A gateway abstraction layer computers can receive service requests in multiple message formats or communication protocols, transform those service requests into other message formats to process the service using one or more networks or third-party service providers. The results of the service request can then be translated back to the message format in which the original service request was received. The gateway abstraction layer can be maintained using update messages received from service providers.01-12-2012
20120011066METHODS AND SYSTEMS FOR AUTHENTICATING AN IDENTITY OF A PAYER IN A FINANCIAL TRANSACTION - A system and computer-based method for using a one-time password (OTP) to authenticate an identity of a cardholder in a financial transaction initiated by the cardholder with a merchant via a first communication medium. A one-time password is generated at an interchange computer system and transmitted to the cardholder via a second communication medium. The cardholder is prompted to enter access credential information, including the one-time password. When the entered access credential information is verified (e.g., the entered one time password is equal to the generated one-time password), a successful authentication is indicated to the merchant.01-12-2012
20110167002UNIVERSAL MERCHANT PLATFORM FOR PAYMENT AUTHENTICATION - A method of processing of a transaction between a first and second party is provided. The first party accepts payment via a plurality of different payment options selectable by the second party, and the plurality of different payment options are associated with a plurality of different authentication protocols prescribed therefor. The method includes: receiving payment information over a communications network at a server operatively connected to the communications network, the payment information identifying a particular payment option used by the second party for the transaction, and the server being equipped to format and route messages over the communications network in different manners to accommodate the plurality of different authentication protocols; determining from the payment information received at the server which of the different authentication protocols is prescribed for the type of payment option identified in the payment information; selecting, in accordance with the determination, a particular authentication protocol from the plurality of different authentication protocols supported by the server; obtaining an authentication determination for the transaction in accordance with the selected authentication protocol, including formatting messages and routing the formatted messages over the communications network in accordance with one or more mandates of the selected authentication protocol; and generating a one-time number to be sent back to the first party.07-07-2011
20110167001GEODICTIONARY - Methods, systems, and devices are described for determining compliance with a listing of persons banned from conducting financial transactions. Words appearing in a listing of a banned person and a financial transaction may be compared with defined words appearing in a database. Common words appearing in both the listing of the banned person and the database, and the transaction record and the database, may be identified, thereby identifying a first and second set of common defined words. The listing of the banned person is linked with countries based on the first set of common defined words and/or phrases and the transaction record is linked with countries based on the second set of common defined words and/or phrases. The countries may then be compared. Based on the outcome, the financial transaction may be permitted or suspended.07-07-2011
20120179610ELECTRONIC PURCHASING AND FUNDS TRANSFER SYSTEMS AND METHODS - An electronic transaction method, funds transfer apparatus and method for facilitating a funds transfer. The methods comprise sending information from a purchaser or payor to a funds transfer system separate from a vendor system or payee, validating and confirming personal financial information at the funds transfer system, and transferring funds from a purchaser or payor account to the vendor or a payee account without exposing either party's financial and account information to the other. Additionally, a funds transfer apparatus is disclosed comprising connections to a payor and payee system and mechanisms for receiving and validating party and transaction information and a mechanism for transferring funds from one party to the other.07-12-2012
20130013511DEPENDENT PAYMENT DEVICE - The present invention provides embodiments of a dependent payment device, such as a credit card, for allowing a primary customer to control and monitor the transactions made by a dependent customer who is authorized to use the account of the primary customer. The primary customer can control the maximum limit that the dependent customer can spend on the dependent card up to the maximum amount that the financial institution has approved for the primary customer. The primary customer can also block/approve purchases that the dependent customer can make at store or on products by adding MCCs, store names, store types, UPCs, or other product or store identifiers to a list of blocked/approved transactions. The primary customer can set monetary and time limits on the amount and frequency of the transactions the dependent customer can make at stores or on products that have been blocked/approved.01-10-2013
20120066132SCORED NEGATIVE FILE SYSTEM AND METHOD - System and method for validating a payment. The method can include obtaining a first account identifier, accessing a database containing a plurality of risk scores, each one of the plurality of risk scores being associated with one of a plurality of account identifiers, obtaining a first risk score from the plurality of risk scores, the first risk score being associated with the first account identifier, and determining an acceptance decision by comparing the first risk score against a risk threshold value.03-15-2012
20120066126OVERAGE SERVICE VIA TRANSACTION MACHINE - In general terms, embodiments of the present invention relate to methods and apparatuses for providing an overage service via a transaction machine. For example, in some embodiments, a method is provided that includes: (a) receiving transaction information associated with a transaction, where the transaction involves an account, a transaction machine, and a holder of the account; (b) determining, based at least partially on the transaction information, that the account will incur an overage as a result of the transaction; (c) prompting, via the transaction machine, the holder to consent to the overage; (d) receiving the holder's consent to the overage; and (e) authorizing the transaction based at least partially on the receiving the holder's consent.03-15-2012
20120209774Redirecting or Returning International Credit Transfers - Redirecting or returning international credit transfers is described. In one embodiment a system for redirecting or returning international credits is described including a gateway operator that receives a credit transfer from a foreign originator, compares routing and account numbers of the credit transfer with a predetermined table of routing and account numbers, and forwards the credit transfer based on the comparison of the routing and account numbers with the predetermined table, an Automated Clearing House (ACH) that presents the credit transfer to a Receiving Depository Financial Institution (RDFI) for clearing and settlement, and a wire transfer service that presents the credit transfer to the RDFI for clearing and settlement. In another embodiment a method for redirecting or returning international credits is described.08-16-2012
20110093392NEGOTIABLE INSTRUMENTS AND SYSTEMS AND PROCESSING SAME - There is provided a check with additional data capture capability that in conjunction with a linked transaction card provides substantially complete coverage for card holders to conduct transactions with merchants for the payment of goods and services. The additional data capture capability enabling generation of a card statement with detailed information regarding purchases and expenditures of both check transactions and card transactions to thereby permit a card holder to accurately track, monitor, describe, and reconcile all transactions in a statement period. The check comprises first and second data entry location for identification and descriptive information about a financial transaction, account holder name adjacent to a drawer signature field and check limit adjacent to a written check amount field, as well as other check information and entry fields, including routing, account and check reference number, date, payee designation, numeric check amount and account holder and financial institution information.04-21-2011
20110093391System and method for a private and secure merchant payment system using a mobile wireless device - A secure payment system between a customer and a merchant uses a wireless device of the customer that receives a partial payment authorization, record from a sales terminal of the merchant to include at least a merchant terminal identification and a payment amount to facilitate payment transaction via a customer portable wireless device from the customer to the merchant. The device has a receive sensor to receive the partial transaction record from the sales terminal and a function that activates a payment transaction function in the device. The payment function, on being activated, creates an encrypted payment data record including at least the merchant terminal identification, the payment amount, a personal code and the device identification code and transfers it over the global network to a central system. The device and the sales terminal receive from the central system a notification of the payment approval record.04-21-2011
20110093390Apparatus and Method for Aggregating and Accessing Data According to User Information - An apparatus and method for aggregating and accessing data according to user information are provided. According to one aspect, an interface device for providing data between a first device and a second device comprises an input, an output, logic, and a repository for storing personal data and data associated with one or more users. The input of the interface device receives data in a first format from the first device. The logic receives a data request, identifies a second device for receiving the data, identifies a second format for the second device, and translates the data to the second format. The translated data is then transmitted to the second device via the output. The logic may further collect, aggregate, and transmit the aggregated data to a requesting device. The input may be a product identification input device. The second device may be billed for the data services.04-21-2011
20120016799MONEY TRANSFER SYSTEM GATEWAY SERVICE - A method includes receiving, in a computer, a transaction request from a payment services provider. An end user identifier included in the request is mapped into a payment card system account number. The end user identifier identifies an end user who has been assigned the payment card system account, and who is a subscriber to a closed-loop payment system operated by the payment services provider. Funds from the payment services provider are credited to a shadow open-loop system payment card account identified by the payment card system account number. An authorization request for an open-loop system transaction is sent to an acquirer financial institution that represents a merchant with which the end user is dealing, and is received back from a payment card system authorization system by the same computer that received the transaction request from the payment services provider and that generated the authorization request.01-19-2012
20130103585Fueling Environment Wireless Architecture - A method and system for transmitting data between devices within a fueling environment comprising a wireless mesh network wherein the devices are configured to communicate via the wireless mesh network. A wireless communication device is connected to each device, and a middleware executed by the wireless communication device handles communications between the devices and the wireless mesh network.04-25-2013
20120254035PORTABLE ELECTRONIC DEVICE WITH SPENDING DETECTING FUNCTION AND SPENDING DETECTING METHOD - A portable electronic device with a spending detecting function is provided. The portable electronic device stores a predetermined expense value. The portable electronic device detects a current expense of the portable electronic device periodically or in a predetermined condition. The portable electronic device determines whether the current expense of the portable electronic device is greater than the predetermined expense value stored in the data storage, and is prevented from paying the current expense if the current expense of the portable electronic device is greater than the predetermined expense value stored in the data storage.10-04-2012
20120254036INFORMATION PROCESSING DEVICE AND METHOD, PROGRAM AND INFORMATION PROCESSING SYSTEM - An information processing device includes a communication device detection section which detects a communication device which performs proximity communication and a common processing section which performs common processing with regard to a plurality of the communication devices based on unique information which are acquired from the communication devices which are detected in a case where the plurality of communication devices are detected.10-04-2012
20120254034METHOD FOR PERFORMING ACQUIRER ROUTING AND PRIORITY ROUTING OF TRANSACTIONS - A financial processing system for determining a financial network for routing an electronic transaction includes a network BIN database including a plurality of terminal routing profiles. Each routing profile includes at least a corresponding bank identification number (BIN) and a prioritized list of preferred financial networks of an associated terminal created by a transaction acquirer. The financial processing system provides a BIN file including a plurality of BINs and indicating financial networks having claimed priority over any of said BINS from the plurality. From the routing profile of a terminal, the financial processing system determines a financial network preferred by the transaction acquirer for routing said electronic transaction, and from the BIN file, determines if at least one network flag is marked indicating a network's claim of priority over the BIN. The financial processing system then selects a financial network for routing the electronic transaction based on at least one of the BIN file information and the routing profile.10-04-2012
20120023022CARD-PRESENT SECURITY SYSTEM - A method, system and apparatus for authenticating the validity of a transaction. The method includes the steps of receiving data identifying a means for carrying out the financial transaction; receiving data identifying a mobile network segment for routing communications via a mobile communication device associated with a user requesting the transaction; comparing the mobile network segment data and the data identifying the means for carrying out the transaction with a database of correlated data identifying one or more means for carrying out a transaction associated with further data identifying one or more mobile network segments; and authenticating the transaction in dependence on the result of the comparison.01-26-2012
20090070262ACH-ENABLED MICROPAYMENTS - A method and a system for arranging for micropayment of transaction amounts related to micro-transactions transacted by a user are provided. In example embodiments, the method may include analyzing transaction conditions (e.g., availability of a stored value, a valid bank account, an Automated Clearing House (ACH) funding, a credit card account, or a transaction risk assessment result, associated with the user, and monetary value of the micro-transaction) and selecting a micropayment option for charging the transaction amount from a group of micropayment options, based on the transaction condition. The method may also include automatically applying the selected micropayment option for charging the transaction amount. According to example embodiments, the system may include a transaction analysis module and a payment processor.03-12-2009
20120066131MONEY TRANSFER SERVICE WITH AUTHENTICATION - A bank (or merchant) hosts and operates an online money transfer service (or “portal”). A sender logs into the portal and enters payment card and money transfer details and then submits the transaction. An authentication window appears displaying the sender's transaction details and the sender is prompted to enter his or her password. Upon successful authentication, the bank seeks authorization from the card issuer. Upon successful authorization, the bank credits the recipient's local bank account or existing payment card. The recipient can also receive a check, a draft, a prepaid card or cash. The money transfer service is used both cross-border and domestic to effect person-to-person money transfer. The money transfer service uses the “Verified by Visa” authentication service and VisaNet for authorization. Messages over VisaNet are used to deliver funds to a recipient.03-15-2012
20120066127OVERAGE SERVICE SUBJECT TO CONDITION - In general terms, embodiments of the present invention relate to methods and apparatuses for providing an overage service subject to one or more predetermined conditions. For example, in some embodiments, a method is provided that includes: (a) receiving, from a holder of an account, consent to a future overage, where the future overage is a result of a future overage transaction involving the account, and where the consent is valid only if a predetermined condition is met; (b) receiving transaction information associated with a transaction, where the transaction involves the account, and where the transaction was initiated after the receiving the consent; (c) determining, based at least partially on the transaction information, that the account will incur an overage as a result of the transaction; (d) determining that the predetermined condition is met and/or that the holder's consent is valid for the transaction; and (e) authorizing the transaction based at least partially on receiving the consent, determining that the holder's consent is valid for the transaction, and/or determining that the predetermined condition is met.03-15-2012
20120066125COMPUTER-BASED COLLECTIVE INTELLIGENCE RECOMMENDATIONS FOR TRANSACTION REVIEW - In an embodiment, a data processing method comprises obtaining a plurality of first transaction data items for a proposed online credit card purchase transaction that has been recommended for review; obtaining a plurality of second transaction data items for a set of similar past online credit card purchase transactions, wherein each member of the set has one or more transaction feature values that are similar to the transaction data items of the proposed online credit card purchase transaction, and a decision value specifying whether the member was accepted or rejected by a reviewer; obtaining a stored data model of features, feature values, transaction acceptance decisions and rejection decisions of the reviewer based at least in part on the set, determining, based on applying the first transaction data items to the stored data model and a subsequent query to the database among more recent transactions that were not included during model construction, a likelihood value of a particular decision of whether the proposed online credit card purchase transaction would be accepted or rejected by the reviewer of the merchant; causing the likelihood value to be displayed; wherein the method is performed by one or more computing devices.03-15-2012
20120158590Financial fraud prevention method and system - According to an embodiment of the present invention a method for detecting fraudulent use of credit cards is herein described. In the case when possible fraudulent use is detected the issuer or other responsible party, such as a third-party mediator, temporarily blocks the credit card account. This can be accomplished, for example, by making an artificial excess of credit limit of the credit card or otherwise temporarily closing a credit card account. In some embodiments an issuer or responsible party may send a warning message and/or alert to a client's mobile phone informing of an upcoming temporary block of client's credit card.06-21-2012
20120158589Social Media Payment Platform Apparatuses, Methods and Systems - The SOCIAL MEDIA PAYMENT PLATFORM APPARATUSES, METHODS AND SYSTEMS (“SocialPay”) transform message posts to social networks via SocialPay components into payment transaction receipts social merchant-consumer bridging offers. In one implementation, the SocialPay obtains a user social pay initiation trigger, and obtains user social data from a social networking site. The SocialPay identifies a social pay command within the user social data. In one implementation, the SocialPay, in identifying the social pay command within the user social data, parses the user social data, and extracts a social pay command string within the user social data. The SocialPay determines a payor identifier, a payee identifier, and a payment amount using the social pay command string. Based on the identified social pay command, the SocialPay initiates a funds payment transaction.06-21-2012
20120158591CONSUMER AUTHENTICATION SYSTEM AND METHOD - A method for authenticating a consumer. The method includes receiving an authorization request message associated with a consumer conducting a transaction with a portable consumer device. A challenge message is sent to the consumer, where the challenge message is dynamic or semi-dynamic. A challenge response message is received from the consumer, and an authorization response message is sent to the consumer. The authorization response message indicates whether or not the transaction is authorized.06-21-2012
20120209769MONEY TRANSFER SYSTEM FOR SENDING MONEY TO AN INSTITUTION FOR THE BENEFIT OF A RECEIVER ASSOCIATED WITH THE INSTITUTION - A computer system is operated to transfer money to a receiver via an institution. A send transaction request including a send amount is received from a sender for a money transfer. The sender is prompted to provide identifying information about the institution and the receiver. The identifying information about the receiver includes the receiver's name. A compliance and/or regulatory review of the receiver is then conducted. If the receiver passes the compliance and/or regulatory review, the receiver name and send amount are provided to the institution in a receive transaction.08-16-2012
20120066128DATA COMMUNICATION METHOD AND SYSTEM FOR PROVIDING A FINANCIAL TRANSACTION - Method for communicating data using a public mobile telecommunications or data network, to grant a remote user access to a safe financial transaction service, the method comprising inputting a voice sample of a user requesting access to the service at a mobile terminal, transmitting the voice sample data to a remote voice authorization server, which is directly linked to a transaction processing server governing a debitable and creditable user account, analyzing the voice sample data at the voice authorization server vis-a-vis pre-stored voice profile data, and outputting an access control signal granting or rejecting the request access, in response to the result of the analysis, to the transaction processing server.03-15-2012
20120109822CUSTOMER CONTROLLED ACCOUNT, SYSTEM, AND PROCESS - Access devices like credit cards and/or check cards have enhanced security features that allow a customer to control circumstances under which their account is accessed. Fraudsters may try to access the account without the knowledge of the consumer set controls, the system takes remedial action with reduced instances of false positives. An account is established for an account holder through a central entity, e.g. an issuer. At least one user is associated with the access device that is established for one or more transactions. Use of the access devices is defined by a set of rules defined by the central entity and are controllable by the customer, including comprising any of the account holder and the user of the account. The customer inputs, controls, and/or updates parameters associated with the customer-controllable rules. Subsequent authorization of the access devices is controlled based on the customer input and other controls.05-03-2012
20120158588RECEPTION PROCESS SYSTEM AND METHOD - A system is provided for processing a deposit/withdrawal request from a customer. A bank terminal includes an identifying unit that extracts check information from the check image and extracts slip information from the slip image, an input unit that receives an input information, and a confirmation determining unit that determines, based on at least one of the check information, the slip information, and the input information from the input unit, whether or not a reconfirmation for at least one of the information is necessary. A communication unit transmits the check information, the slip information, and the determination result to a center terminal having a second display unit. The second display unit displays the check information and the slip information and displays information determined necessary to be reconfirmed in a way so as to be distinguished from information determined not necessary to be reconfirmed.06-21-2012
20120158587TELLER TERMINAL AND RECEPTION PROCESS METHOD - A teller terminal for handling a deposit/withdrawal request from a customer. The teller terminal is comprised of a scanner, an identifying unit, a determining unit, and a display unit. The scanner generates a check image based on check received from the customer and generate a slip image based on a slip related to the check. The identifying unit extracts check information from the check image and extracts slip information from the slip image. The determining unit determines whether or not corresponding pieces of information between the check information and the slip information match each other. The display unit displays the determination result determined by the determining unit.06-21-2012
20120158586AGGREGATING TRANSACTION INFORMATION TO DETECT FRAUD - A fraud management system is configured to receive a transaction from a merchant; select rules to use to process the transaction; process the transaction using the selected rules to generate a set of alarms; and generate an alarm score for each of the alarms. The fraud management system is further configured to combine the alarms with alarms from one or more other transactions to form a combined set of alarms; sorting alarms, in the combined set of alarms, into groups based on attributes of the transaction; generate a group score, for each group, based on at least one of the alarm scores for at least one alarm in the group; generate a fraud score, for the transaction, based on one or more of the group scores; and output information regarding the fraud score to the merchant to notify the merchant whether the transaction is potentially fraudulent.06-21-2012
20120158585ITERATIVE PROCESSING OF TRANSACTION INFORMATION TO DETECT FRAUD - A fraud management system is configured to store rules for detecting fraud, receive a transaction from a merchant, process the transaction using a first subset of rules to generate a fraud score for the transaction, and output information regarding the fraud score to the merchant to assist the merchant in determining whether to accept, deny, or fulfill the transaction. The fraud management system is further configured to receive, after outputting the information regarding the fraud score to the merchant, additional information relating to the transaction, re-process the transaction using a second subset of rules to generate an update fraud score, and output information regarding the updated fraud score to the merchant to assist the merchant in determining whether to accept, deny, or fulfill the transaction.06-21-2012
20120072350SYSTEM AND METHOD FOR MOBILE PAYMENT TRANSACTIONS - A system processes a request by a customer to pay a transaction amount, using the customer's account, for a transaction between the customer and a merchant, to provide a payment to an account of the merchant. The transaction incorporates use of a mobile wireless device operated by the customer to provide identification information of the customer's account to an authentication server. A payment server coupled to the authentication server and the merchant passes merchant communications to the authentication server. The authentication server receives the transaction amount from the merchant and receives customer account information from the customer's wireless mobile device, and processes the transaction and account information and, if authenticated, routes the payment transaction to the payment server for payment to the merchant's account.03-22-2012
20120072346SYSTEM AND METHOD FOR SECURING AND AUTHENTICATING PURCHASE TRANSACTIONS - A system and method for securely authenticating a dual number payment card used in a purchase order is provided. A request to approve the purchase order is received from a cardholder that owns the dual number payment card, via a first path. The request includes a site address of a website, an order number and a second card number of the dual number payment card. A first card number of the dual number payment card, associated with the order number, is received from the website, via a second path. A matching pair of numbers that identifies a stored dual number payment card, is searched in a card details storage. If a first number of the matching pair matches the first card number and a second number of the matching pair matches the second card number; the purchase order is approved.03-22-2012
20120123940METHODS AND SYSTEMS FOR UNIVERSAL PAYMENT ACCOUNT TRANSLATION - A method and system of transferring value from a payer participant of a first online community website to a payee participant of a second online community website through a payment account translation system is provided. The method includes initiating a first payment request, validating that the payer and payee are registered participants of the online community, translating the payer alias into a payer pseudo-account number using business rules and community participant profiles associated with the community website from which the payment request is made, and mapping the payer pseudo-account number to a respective funding/repository account primary account number (PAN). The method further includes transmitting the PANs and a validation code to a payments network for processing through the payments network and approving the transfer of value from the payer to the payee such that the PAN of the payer is unknown to the community website.05-17-2012
20120109824MODIFIABLE AUTHENTICATION LEVELS IN AUTHENTICATION SYSTEMS FOR TRANSACTIONS - A system and method are provided for authentication. A first request for a transaction is received from a communications device, the first request comprising collation information of a customer to be authenticated and a price of a product or service to be purchased by the customer. An authentication level is set based on the price. A second request is transmitted to a mobile communications device of the customer. Authentication information is received from the mobile communications device, the authentication information comprising identification information of the customer. The authentication information is transmitted to the communications device.05-03-2012
20120109823VERIFYING THE SOURCE OF ELECTRONICALLY EXCHANGED VALUE - Computer-implemented method and system are provided for verifying a financial instrument. The method comprises performing a plurality of transactions using a source of electronically exchanged value identified by a user, recording details of the plurality of transactions, inviting the user to identify the details to a verification system, and verifying the source of electronically exchanged value based on the details provided by the user to the verification system.05-03-2012
20110066553SYSTEMS AND METHODS FOR VERIFYING IDENTITIES - A method for verifying the identity of one party on behalf of another party is provided. The method includes providing a money-transfer system and a communication system that communicates with the money-transfer system; receiving at the money-transfer system from the first party certain verification criteria for confirming the identity of a second party; and storing the verification criteria in the host computer system of the money-transfer system. When an ID is received from the second party at a money-transfer location; the verification criteria is retrieved from the host computer system; and the acceptability of the ID is determined in accordance with the verification criteria. If the identification device is acceptable, identification information is obtained from the identification device; and the identification information is processed to verify the identity of the second party. In other embodiments, a method for pre-verifying the identity of a party and a system for performing the method of the invention are provided.03-17-2011
20110066552CARD-LESS FINANCIAL TRANSACTION - Systems (and corresponding methodologies) that facilitate card-less financial transactions are provided. The innovation enables card-less ATM (automated teller machine) transactions such as cash withdrawals, transfers, balance inquiries, etc. In aspects, customers can set up an ‘electronic wallet’ account based upon a pre-set range or otherwise. Accordingly, access to the ‘electronic wallet’ is granted or denied based upon responses to challenges presented.03-17-2011
20110066551Method and System for Providing Risk Information in Connection with Transaction Processing - A system for providing real-time risk mitigation for an authorization system. The system receives authorization requests from multiple merchants (or their respective acquirers) and processes such requests. Each processed request is then forwarded to its corresponding issuer for further authorization. Each processed request includes an authorization message. The authorization message can include a risk score, a number of reason codes, and a number of condition codes. The use of the risk score, reason codes and condition codes allows issuers to make better informed decisions with respect to providing authorizations.03-17-2011
20110106707RECHARGE AMOUNT TRANSFER SYSTEM AND METHOD FOR ELECTRONIC PAYMENT MEANS USING PORTABLE PHONE - The present invention relates to a recharge amount transfer system for an electronic payment means using a portable phone. The present invention comprises: a first user terminal that indexes a recharge balance stored in a first electronic settlement payment means according to recharge amount transfer request information input by a first user, transmits a generated recharge amount transfer request SMS if the amount to be transferred is less than the recharge balance, receives a first recharge amount transfer completion SMS, and updates the recharge balance stored in the first electronic settlement payment means; a recharge server that indexes the first user information already stored according to the recharge amount transfer request SMS, generates and transmits a recharge amount transfer confirmation request SMS accordingly, receives a recharge amount transfer confirmation SMS, updates the first and second user information already stored in a recharge storage DB, and transmits the generated first and second recharge amount transfer completion SMS; and a second user terminal unit that receives the recharge amount transfer confirmation request SMS, generates and transmits a recharge amount transfer confirmation SMS according to the recharge amount transfer confirmation information input by a second user, receives the second recharge amount transfer completion SMS, and updates the recharge balance stored in a second electronic settlement payment means.05-05-2011
20110106706System for electronic transaction settlement - An electronic communication system associated with a settlement house for settling an electronic transaction between a customer and a merchant. The communication system is configured to receive through a first electronic communication path a first account identifier of a first account associated with the customer and a transaction amount from the merchant, contact the customer through a second electronic communication path to allow the customer to select a payment method, and send through a third electronic communication path the transaction amount and a second account identifier of a second account associated with the customer to a financial services provider associated with the payment method.05-05-2011
20110106703COMPUTERIZED DEPOSIT ACCOUNT MANAGEMENT - Computer-implemented methods and systems are provided for managing a deposit account held by a financial institution. This includes receiving, via a computer network, a request to make a contribution to the deposit account by an electronic payment and interacting with a payment processing center for processing and authorization of the electronic payment. Upon authorization of the electronic payment, the contribution is transferred to the deposit account via a transfer interface that interfaces with the financial institution. In another aspect, a computer readable medium contains instructions for controlling a computing device to perform a method for managing a deposit account held by a financial institution.05-05-2011
20110106702METHOD, SYSTEM AND COMPUTER READABLE MEDIUM FOR WEB SITE ACCOUNT AND E-COMMERCE MANAGEMENT FROM A CENTRAL LOCATION - A method, system and computer readable medium for managing a user online financial transaction at a destination ecommerce web site using a credit or debit card account of the user, including a) transmitting an activation command to a financial institution processing financial transactions for activating the credit or debit card account of the user; b) submitting a charge request for the credit or debit card account to the financial institution via a destination e-commerce web site to which the user is logged in while the credit or debit card account is in the activated status; and c) transmitting a de-activation command to said financial institution for de-activating the credit or debit card account, wherein the financial institution only accepts and processes charge requests received from e-commerce web sites while the credit or debit card account is in the activated status and wherein the financial institution declines charge requests while said credit or debit card account is in the de-activated status, and wherein steps a) to c) are repeated at least once.05-05-2011
20110106701METHOD AND APPARATUS FOR PERFORMING VOICE-BASED CREDIT CARD PROCESSING - One embodiment of the present invention provides a system for performing voice-based credit card processing. During operation, the system receives voice input from a merchant at a computer via a telephone to initiate a credit card transaction. Next, the system authenticates the merchant. After authenticating the merchant, the system prompts the merchant for a credit card number. Next, the system authenticates a consumer associated with the credit card. Note that the system can authenticate the consumer with pre-registered information that is associated with the credit card. Once the consumer is authenticated, the system prompts the merchant for a transaction amount. Next, the system receives the transaction amount from the merchant. The system then authorizes the credit card transaction for the transaction amount. Finally, the system reports the result of the authorization to the merchant. Note that embodiments of the present invention enable the merchant to process credit card transactions at reduced cost without the need for any equipment other than a telephone, thus providing the ability to have instant credit card enabled merchants on demand.05-05-2011
20110106705Account Administration Plans and Systems - A computer system for facilitating payments from an account according to particular embodiments of the invention is adapted for: (1) facilitating the transmission, to a plan service provider, of a first set of documentation of a first payment that would potentially qualify for reimbursement from the account; (2) receiving, from the plan service provider, verification that the first payment has been verified as qualifying for reimbursement from the account according to a set of reimbursement rules associated with the account; (3) storing, in memory, an electronic version of the first set of documentation; and (4) storing, in memory, an indication that the first payment has been verified as being properly reimbursable from the account.05-05-2011
20100094755PROVIDING PAYMENT DATA TOKENS FOR ONLINE TRANSACTIONS UTILIZING HOSTED INLINE FRAMES - A method comprising providing an inline frame (iFrame) and secure cross domain messaging for collecting sensitive payment data regarding access to monies held for an end user, the iFrame is embedded directly within a website maintained by a business entity; collecting the sensitive payment data via the iFrame; storing the sensitive payment data in an electronic database; associating a payment data token with the sensitive payment data; providing the payment data token to the business entity; receiving a request from the business entity to transfer at least a portion of the monies to the business entity; receiving the payment data token from the business entity with the request; retrieving the sensitive payment data from the electronic database; and transferring the at least a portion of the monies to the business entity utilizing the retrieved sensitive payment data via a backend payment gateway.04-15-2010
20100094754SMARTCARD BASED SECURE TRANSACTION SYSTEMS AND METHODS - Systems and methods for authorizing financial transactions are described. A request for execution of the financial transaction from a requesting party includes at least one biometric signature of the requesting party and the request is authorized based on identification of the biometric signature in a repository of signatures and a history of prior transactions executed on behalf of the requesting party. The repository may include signatures stored in encrypted form on a smartcard.04-15-2010
20120233072CONDUCTING FINANCIAL TRANSACTIONS BASED ON IDENTIFICATION OF INDIVIDUALS IN AN AUGMENTED REALITY ENVIRONMENT - Embodiments of the invention are directed to methods and apparatuses for conducting financial transactions based on identification of individuals in an augmented reality environment. The method includes capturing a video stream using a mobile computing device; analyzing, using a computing device processor, the video stream to distinguish between individuals and objects; identifying an individual in the video stream; authenticating the identity of the individual; and conducting the transaction after the individual is authenticated. The method may also include presenting indicators associated with the user, the identified individual, or the financial transaction.09-13-2012
20120123941INTERNET FACILITATION OF FRAUD SERVICES - A system and method for fraud prevention is provided. The computer based system and method comprises receiving a request for verification services by a merchant transmitted via an Internet browser based platform, performing a fraud assessment by a verification services tool resulting in a verification message, and transmitting a reply to the merchant via an Internet browser based platform including a verification message.05-17-2012
20120084208METHODS AND SYSTEM FOR CARDHOLDER INITIATED TRANSACTIONS - A cardholder-initiated financial transaction using a cardholder controlled input device in communication with a payment card network and a database is disclosed. The cardholder uses a payment card issued to the cardholder by an issuer bank. An exemplary method includes the steps of storing merchant data within the database including data identifying the merchants registered to utilize the card network and receiving from the input device transaction data relating to the financial transaction. The transaction data includes an authorization request and merchant identifying data that identifies the merchant involved in the transaction. The method further includes determining that the identified merchant is registered to utilize the card network by comparing the transaction data with the merchant data stored in the database, forwarding the authorization request to the issuer bank, receiving a response to the request from the issuer bank, and automatically forwarding the response to the input device.04-05-2012
20120317032LINKING A FINANCIAL CARD WITH A MERCHANT ACCOUNT - Some embodiments include systems and methods for linking a card with a merchant account. A financial institution that issues the merchant card to a merchant acts as both issuer and acquirer for the merchant. The merchant uses the merchant card to accept other financial cards as payment. Funds due the merchant are added to an available balance of the merchant card rather than depositing the funds in a settlement account. The funds can be added to the available balance before the transactions settle and can be accessed by the merchant. The financial institution also authorizes transactions when the merchant uses the merchant card as a regular cardholder to make payment. The merchant name can be changed on a per transaction basis if desired.12-13-2012
20120317031METHODS AND APPARATUS FOR FUNDING TRANSACTIONS USING DEBIT CARDS ISSUED BY ONE INSTITUTION AND FUNDS FROM ACCOUNTS AT OTHER INSTITUTIONS - Methods, apparatus, and systems for funding transactions disclosed herein may operate to: receive, for a transaction, a request to debit a first amount from a primary funding source; determine that a second amount of funds available from the primary funding source is less than the first amount requested for the transaction; compare a maximum backup funding amount with a total amount debited from a backup funding source to fund previous transactions associated with the primary funding source, with the maximum backup funding amount being previously set as an amount available from the backup funding source; and to provide an indication that at least part of a difference between the first amount and the second amount can be drawn from the backup funding source based on determining that the total amount has not reached the maximum backup funding amount.12-13-2012
20120317030INTERNATIONAL REMITTANCE SYSTEM BASED ON PAYMENT CARD ACCOUNTS WITH ACCESS BY MOBILE TELEPHONE - Methods and systems for registering a remittance customer to facilitate international funds transfers are described. In an embodiment a first financial institution computer in a first country receives the name, residence address and a mobile telephone number of a remittance customer from a first mobile network operator (MNO), and also receives image data that corresponds to documentation verifying the remittance customer's identity and residence address. A new payment card account number is generated for the remittance customer and is stored along with the image data and first mobile telephone number. The remittance customer's mobile telephone number and new payment card account number is then transmitted to a translation server of a payment system used for transferring funds internationally.12-13-2012
20120317029MANAGING RECURRING PAYMENTS FROM MOBILE TERMINALS - Equipments and methods are disclosed for facilitating service provisioning in a system that comprises a payment processor, a number of service providers and a mediator that mediates information exchange between the payment processor and service providers, and a mobile terminal operated by payment card holder. In some implementations, service provisioning can be facilitated in cases wherein the payment processor must reside in a strictly regulated Payment Card Industry (PCI) compliant environment and the service providers operate servers that are not PCI-compliant.12-13-2012
20120317028System, Method, and Apparatus for Creating and Distributing a Transaction Credit - An embodiment(s) of a system(s), method(s), and/or apparatus is presented for accepting requests for, determining approval of, and distributing transaction credit(s) (TC(s)). An embodiment of a system(s), method(s), and/or apparatus is presented for distributing a useable TC to a designated recipient in real time. An embodiment of a system(s), method(s), and/or apparatus is presented for providing a consumer a useable TC in any tangible form that may be known in the art, or that can be transferred via, stored in, or retrieved from an electronic format, or that can be physically fabricated by a consumer or transferee of the TC. An embodiment of a system(s), method(s), and/or apparatus is presented for providing a consumer or transferee of a TC notification of receipt of such a TC through a variety of notification means.12-13-2012
20120317027Computer-Implemented Systems And Methods For Real-Time Scoring Of Enterprise Data - Systems and methods are provided for providing real-time scoring of received transaction data. Transaction data describing a particular transaction that has occurred is received. The transaction data is stored in an enterprise database, where the enterprise database is configured to store transactions of disparate types, where the transaction data is stored using a plurality of segments, where a segment is formatted according to a template, and where the template is selected based on an attribute of the transaction, wherein the attribute is a customer attribute, an activity attribute, or a channel attribute. A transaction type of the particular transaction is determined. One or more models are selected from a pool of models based on the transaction type, wherein the one or more models are configured based on a plurality of records from the enterprise database, and a score of the received transaction data is generated based on the transaction data.12-13-2012
20090132418ELECTRONIC PAYMENT PROCESSING SYSTEM - In general, in one aspect, parties associated with a merchant profile may be provided access to a system utilized to create merchant profiles. The system may accept data related to a merchant account from the parties and may validate the data. If any required information is missing or invalid the system may notify the parties. Once all the data is received and validated the system processes the data to create the merchant profile. The merchant profile may be stored in the system for the merchant. The merchant profile may be associated with a unique ID associated with a payment handler utilized by the merchant. The merchant or associated parties may utilize the unique ID to configure the payment handler including downloading processor software. The system may utilize the unique ID to manage and control use of the payment handlers and the processor applications.05-21-2009
20090132417SYSTEM AND METHOD FOR SELECTING SECURE CARD NUMBERS - Embodiments of the present disclosure provide a plug-in feature for a browser that allows for secure financial transactions on a communication network. The plug-in feature generates secure card numbers (e.g., single and multi-use credit card numbers) to pay for purchases. The plug-in feature auto-fills billing and shipping information. The plug-in feature allows a user to store receipts in an efficient and convenient manner to track online shopping activities. The plug-in feature may be implemented in a toolbar of a browser.05-21-2009
20120123943SYSTEM AND METHOD FOR CHECKLESS CASH ADVANCE SETTLEMENT - Methods, devices, and systems for conducting a checkless cash access settlement are provided. In one embodiment, a cash advance method includes the following: a customer initiates a cash access transaction with a financial card via a cash access system; the customer receives authorization or denial; the customer provides identification and the financial card to a cashier or attendant; the cashier or attendant validates the customer's identity, retrieves the transaction information, and completes the cash advance application; the application prints a non-negotiable instrument, such as a transaction receipt; the customer signs the receipt confirming the transaction with a physical receipt or electronic capture; the receipt image is stored electronically for subsequent transmittal to a central server; the transaction information, including the receipt image if applicable, is recorded on the central server; and the central server generates an ACH file and electronically transmits the ACH file to a designated financial institution.05-17-2012
20120123942Global Customer Identification Network - A computerized system conducts customer identification processing for customers who remotely open accounts with personal identification information that cannot be verified through available data sources.05-17-2012
20110112964Method, system and apparatus for the establishment of a virtual banking environment in a merchant venue while increasing the deposit-based assets of optionally interfaced traditional banking institutions subject to fractional-reserve banking - A system incorporating method and associated apparatus for establishing virtual banking in a merchant venue or syndication of merchants for one or more consumers in a manner that increases the deposit-based assets of a related traditional banking institution by loading transactions of fractional currency amounts, preferably reflecting the acquisition of physical fractional currency, and more preferably coinage, and thereupon enabling inter-merchant (or syndicate) commercial transactions, including purchases and sales, in a manner that does not deplete deposit-based assets. Commercial transactions are at the direction of consumer(s) each with their own portable device linked to a merchant-hosted virtual account that maintains transaction details, histories and balances, and transmits data reflecting the same to the portable device(s) where it is recorded and displayed, upon demand. Also included are devices for executing commercial transactions with the portable device(s) and transmitting appropriate data to each bank and virtual account.05-12-2011
20110119188BUSINESS TO BUSINESS TRADING NETWORK SYSTEM AND METHOD - The system enables a data processing framework that polls for files using a listener, controls the workflow using event driven logic, processes financial transactions, and creates a business to business trading partner network. The listener ensures the reliability and data integrity of input files and performs archiving functions. The payment management functions automatically processes transactions, including payor (e.g., the buyer) initiated payments to a payee (e.g., a supplier) by utilizing a flexible, decoupled processing architecture. A payment management computer identifies a universal identifier for each entity and forms relationships and hierarchies in order to increase efficiency of the trading partner network. Metadata describes the format, validation and relationships for a wide variety of financial account data.05-19-2011
20120130895TRANSACTIONS ASSOCIATED WITH A MOBILE DEVICE - Methods and apparatus, including computer program products, for transactions associated with a mobile device are discussed. A method can include receiving a merchant identifier, sending an identification data, receiving a transaction, and processing a funds transfer. The receiving the merchant identifier is from a mobile device associated with a user registered with a central payment service. The identification data is associated with the user and the identification data includes multiple identifying data items. The transaction data details a transaction between the merchant and the user. The funds transfer is between the merchant and the user based on the transaction.05-24-2012
20120215696MANAGING RECURRING PAYMENTS FROM MOBILE TERMINALS - Equipment and methods for facilitating service provisioning in a system that includes a payment processor, a number of service providers and a mediator that mediates information exchange between the payment processor and service providers, and a mobile terminal operated by payment card holder. In some disclosed embodiments, service provisioning can be facilitated in cases wherein the payment processor must reside in a strictly regulated Payment Card Industry (PCI) compliant environment and the service providers operate servers that are not PCI-compliant.08-23-2012
20120166335TRANSACTION INTEGRITY - In one embodiment a secure controller comprises a memory module, and logic to receive one or more information components pertaining to a transaction initiated by a user on a controller separate from the secure controller, present, on a display device, a Turing test in combination with one or more information components associated with the transaction, receive a user input in response to the Turing test, authenticate the transaction when the user input corresponds to the answer to the Turing test and the personal identifier matches a personal identifier associated with the user. Other embodiments may be described.06-28-2012
20120166341DEVICE INCLUDING AUTHENTICATION GLYPH - A method is disclosed. It includes displaying, by a device, an authentication image including a plurality of image elements comprising a set of image elements, wherein the image elements in the set of image elements are located at a set of positions on a display screen. The method also comprises receiving, at the device, a glyph having a configuration corresponding to the set of image elements from a user while the authentication image is displayed. The method further comprises determining if the glyph is authentic, and initiating a payment transaction after receiving the glyph.06-28-2012
20120166339PAYMENT SYSTEM, PURCHASING SYSTEM, AND METHOD FOR PERFORMING A PLURALITY OF PAYMENT PROCESSES - A payment system which facilitates the payment of very small monetary amounts, making the payment more secure for the user. The payment system for at least one online shop is provided using an identification device for recording at least one identification number of a shopper system an interface device for receiving and confirming direct debit orders, a memory device for storing the direct debit orders and a processing device. The processing device is configured to monitor the total of the debit amounts in relation to the identification number and to request a user of the shopper system to register after a predetermined time interval and/or on exceeding a predetermined value of the total payable, in order to settle at least part of the total payable.06-28-2012
20120166337NEAR FIELD COMMUNICATION TERMINAL FOR PERFORMING SECURE PAYMENT AND SECURE PAYMENT METHOD USING THE SAME - A Near Field Communication (NFC) terminal for performing secure payment includes an NFC unit and a control unit. The NFC unit communicates with an external payment terminal and the payment unit transmits results obtained by processing transaction information and an electronic signature value of the transaction information to the payment terminal using the NFC unit. The payment terminal requests an external payment server to perform payment. An authentication certificate applet included in the payment unit generates the electronic signature value of the transaction information. An electronic wallet applet included in the payment unit transmits the results obtained by processing the transaction information and the electronic signature value to the payment terminal.06-28-2012
20120166336SYSTEM AND METHOD FOR PREPAID ACCOUNT REPLENISHMENT - A system and method for replenishing prepaid account balances is disclosed. Consumers are issued a prepaid account card similar to a credit card. Funds are added to prepaid accounts at retail locations by providing cash or equivalent to a clerk along with the prepaid account card. The clerk swipes the prepaid account card in an authorization terminal and rings up the transaction in a manner similar to a normal credit card transaction. The transaction is transmitted to a bank which processes the transaction and notifies a replenishment system that the customer has added value to the prepaid account. The replenishment system provides the customer with a confirmation number associated with the transaction. The replenishment system notifies a prepaid engine for the prepaid account. The prepaid engine updates the user's prepaid account balance, thereby making funds available for future purchases by the user. The user may also add funds to the prepaid account via an automated teller machine (ATM), via the Internet or by dialing certain feature codes on a wireless telephone.06-28-2012
20120166340METHOD AND SYSTEM TO AUTOMATE PAYMENT FOR A COMMERCE TRANSACTION - A method and system to automate payment for a network-based commerce transaction provide a buyer an option to enable an automatic payment service, wherein automatic payment service automatically provides payment to a seller upon a termination event of a network-based commerce transaction. Payment information of the buyer is provided to a network-based payment system upon the occurrence of the termination event.06-28-2012
20120166338METHOD AND SYSTEM FOR UNIVERSAL APPLICATION FOR TRANSACTION PROCEDURES WITH NFC TECHNOLOGY - The present invention relates to a method and a system for a universal application for transaction procedures with NFC technology. This application allows to realize an application distribution network for accessing services by means of mobile terminals provided with a proximity wireless communication technology or “proximity based communication protocol” (e.g. NFC, Bluetooth, RFID). The present invention envisages a “universal” mobile application, which is capable of modifying its function for each real application used, in terms of process and user interface (or “user experience”), e.g. menu layout, colors, logos, functionalities, commands.06-28-2012
20120166334METHODS AND SYSTEMS FOR IDENTITY BASED TRANSACTIONS - Pursuant to some embodiments, methods, systems, apparatus, computer program code and means for conducting a transaction by a user are provided that include receiving, during a purchase transaction, transaction data and a unique user identity identifier associated with a payment card; providing the identity identifier and the transaction data to a payment network; requesting verification of the transaction data and identity identifier; receiving a reply to the verification request of the transaction data and the identity identifier; associating a payment account number with the identity identifier; and authorizing the purchase transaction based on the payment account number associated with the identity identifier.06-28-2012
20120130896SYSTEM AND METHOD FOR IMMEDIATE ISSUANCE OF TRANSACTION CARDS - A system and method for substantially immediate issuance of transaction cards includes at least one unassigned transaction card including a storage medium having a card number encoded thereupon. The system also includes a computing system configured to receive application information from an applicant that has been provided said unassigned transaction card, and to activate the unassigned transaction card so that access to monetary funds is extended to the applicant through said unassigned transaction card, upon an evaluation of said application information indicating that the applicant has been approved for access to the monetary funds. The unassigned transaction card bears no visible marking presenting information concerning the applicant and encodes no information concerning said applicant upon the storage medium of said unassigned transaction card.05-24-2012
20120130898MOBILE DIRECTORY NUMBER AND EMAIL VERIFICATION OF FINANCIAL TRANSACTIONS - Systems and methods for verifying a financial transaction based on an account number, a mobile directory number associated with the financial transaction, a mobile directory number associated with the account number, an email address associated with the account number, internet protocol address data associated with the financial transaction, and internet protocol address data associated with accesses of the email address.05-24-2012
20120215693METHOD AND SYSTEM FOR MANAGING DATA AND ENABLING PAYMENT TRANSACTIONS BETWEEN MULITPLE ENTITIES - A system for conducting payment transaction includes a network-enabled server that communicates with one or more user devices, other network-enabled server computers, and a payment processing network server computer. The network-enabled server facilitates transactions between one or more merchants and users by a managing data flow and interactions between the merchants and the users, providing storage area for storing of all transaction related documents, and providing seamless integration with a payment processing network for payment processing.08-23-2012
20120215692Method and Apparatus for Allowing Secured Overdrafts of Reloadable Debit Card Accounts - The invention discloses a reloadable debit card which may be overdrawn by authorized merchants thus allowing future and recurring payments to be made via ACH transactions against this debit card. In addition, the cardholder may repay indebtedness simply by depositing funds onto the reloadable debit card.08-23-2012
20120215691SYSTEM AND METHOD FOR PAYMENT TRANSFER - A system and method for payment transfer between a paying party and a recipient party. Optionally and preferably, payment transfer is made by using a prepaid card, which has many security and administrative advantages. Other payment methods may also optionally be used. Also, optionally a plurality of micropayments are provided to a plurality of recipients. The paying party is optionally a media content provider while the recipient party is optionally a user who provides content, although many different combinations of paying/recipient parties may optionally be implemented.08-23-2012
20100205097METHODS AND APPARATUS FOR FUNDING TRANSACTIONS USING DEBIT CARDS ISSUED BY ONE INSTITUTION AND FUNDS FROM ACCOUNTS AT OTHER INSTITUTIONS - Methods and apparatus for funding transactions are presented herein. In one embodiment, the apparatus includes an account information unit to store information about an account, the account being associated with a first financial institution. The apparatus can also include a transaction processor to receive a request for a debit amount, to determine that the account is associated with one or more funding sources, and to determine if the one or more funding sources authorize the request for the debit amount. The one or more funding sources are associated with one or more financial institutions other than the first financial institution.08-12-2010
20100205095METHOD AND SYSTEM FOR TRANSFERRING ELECTRONIC FUNDS - A method and system for transferring electronic funds over the Internet wherein a sender provides payment information to a transfer processing system. The sender may choose from a plurality of different types of funds transfer, such as wire transfer, Western Union money transfer, various types of checks, and transfers to ATM debit/credit cards. The transfer processing system sends an electronic payment message to a recipient indicating the transfer of funds and a transfer message to a financial institution providing instructions to debit the sender's account and make those funds available to the recipient. If the recipient has an account with a financial institution that is affiliated with the transfer processing system of the present invention, the funds are credited to the recipient's account wherein the payment message serves as a confirmation message. If the recipient does not have such an account, the recipient may access the transfer processing system to access the funds made available by the system wherein the payment message serves as a payment availability message.08-12-2010
20100205096Virtual Share Exchange Apparatus and Method - A method and apparatus that includes a method and apparatus for pooling resources into a common fund such that the risk benefit is held low by assigning rating to the individual members as well as allowing people with similar characteristic or profiles to participate in the pool.08-12-2010
20120215697METHOD AND SYSTEM FOR FACILITATING ONLINE PAYMENTS BASED ON AN ESTABLISHED PAYMENT AGREEMENT - A method and system for facilitating online payments are disclosed. According to one aspect of the present invention, a payment agreement is established at a payment service provider that defines terms of a payment relationship between a merchant and a user. The establishing of the payment agreement includes linking the payment agreement with a payment account of the merchant or user stored at the payment service provider. After establishing the payment agreement, a payment request associated with a transaction is received, whereby the payment request includes a unique identifier to identify the payment agreement stored at the payment service provider. Based on a verification that the payment request complies with terms of the payment agreement, the payment request is processed.08-23-2012
20120136790System and method for facilitating large scale payment transactions including selecting communication routes - A system and method for payment of payor accounts with payees preferably including a computer system of a third party payment router instructing a payee to make a payment to an account on behalf of a payor using a variety of communication routes between the router and the payee and/or the computer system of the payee, preferably using a universally accepted open system card number that is a virtual number. In some embodiments a computer system of an intermediary third party payment router communicates with a computer system of the service provider, to make payments on an end user's (payor's) account, by logging onto a payee webpage, or by IVR with a payee phone site, or by prearranged direct transmission or email or fax or texting or mail, automated to the extent possible.05-31-2012
20120136789SECURE PAYMENT SYSTEM - Systems and method for performing secure electronic payment transactions to allow merchants to perform payment processing such that the merchant is only required to identify a unique identifier of a customer account and not data specific to a particular payment device.05-31-2012
20120136788SYSTEM AND METHOD FOR SECURE TRANSFER OF FUNDS - Systems and methods for conducting financial transactions are provided. In one example, a system for conducting financial transactions includes a transaction proposal device. The transaction proposal device includes a unique device identifier, a geographic location detector, and a digital camera. In another example, the system for conducting financial transaction also includes a transaction controller configured to receive and potentially initiate proposed financial transactions generated by the transaction proposal device.05-31-2012
20120136787Electronic Centralized Margin Management System For Managing Actions Such As Margin Calls Under Margin Agreements - An electronic margin management system and method for facilitating margin management actions are disclosed. A communications system stores records of details of registered margin agreements and facilitates processing of the margin management actions requested from one authorized computer, over a wide area network, to another authorized computer. The system includes at least one intermediate computerized system connected to send and receive communications to each authorized computer. The intermediate computerized system is configured to receive a margin management action request, under a registered margin agreement, from an authorized computer associated with a request originator, forward a notification of the margin management action request to an authorized computer associated with a request receiver identified as a counterparty to the registered margin agreement, receive a response from the request receiver including whether it agrees or disputes the requested margin management action, and forward the response from the request receiver to the request originator.05-31-2012
20120136786METHOD AND SYSTEM FOR DIGITAL DOCUMENT MANAGEMENT ON A MOBILE DEVICE - A method and system are described for tracking a process of provisioning, by a middleware server to a portable device in a mobile payment system, electronic wallet data for authorizing a payment transaction. In an embodiment, a user request for a payment account product is transmitted by the portable device to the middleware server. In response, the middleware server initiates a provisioning process for the requested payment account product, including storing status data indicative of an initiated state of the provisioning process. The middleware server then transmits a digital document to the portable device, including information that must be viewed by the user, and updates the status data indicative of a transmitted state of the digital document. In response to receiving an indication that the digital document has been viewed, the middleware server updates the stored status data indicative of a digital document viewed state. The middleware then provisions an electronic wallet data for the requested payment account product to the portable device.05-31-2012
20110184866SYSTEMS AND METHODS FOR ENHANCED TRANSACTION PROCESSING - A computer-implemented method for modifying control parameters associated with a financial product that is linked to an account. The method includes receiving updated control parameters for the financial product, where the account provides financial backing for the financial product, and the updated control parameters define updated use restrictions for the financial product; and modifying the control parameters associated with the financial product to reflect the updated control parameters, where the financial product is configured to be used for one or more payment transactions in accordance with the updated use restrictions.07-28-2011
20110184867SYSTEM AND METHOD FOR GENERATING A DYNAMIC CARD VALUE - A method and system is provided for generating a dynamic card value (DCV) from a mobile user device for use in a transaction between a user cardholder and a transaction provider. The DCV may be configured for use as a card verification value (CVV), also known as a card security code (CSC), a primary account number (PAN), or a portion of a PAN. The DCV may be generated using a DCV generator which may include an algorithm and a DCV generation key. The DCV generation key may be camouflaged. Obtaining a DCV from the user device may require inputting a PIN, a device identifier, a challenge or transaction information. The DCV may be used for any transaction requiring the input of a user identification number and a verification value, including, credit card transactions, debit card transactions, online or telephonic transactions.07-28-2011
20090070265SYSTEM AND METHOD FOR CASHBACK FUNDING - In an example embodiment, a system is provided for a cashback funding of an account. The system comprises a transaction receiving module to receive a request to process a transaction amount, wherein the transaction amount is funded by a debit card. The system further comprises a transaction authorization module to make a pre-authorization request to the debit card, wherein the pre-authorization request exceeds the transaction amount by a predetermined value and is to receive an approval for the pre-authorization request. The system further comprises a cashback funding module to offer a cashback amount in excess of the transaction amount but less than the predetermined value. In response to an acceptance of the cashback offer by a user, the cashback funding module is to make an authorization request for the total amount, and in response to an approval of the authorization, is to fund the account with the funds in excess of the transaction.03-12-2009
20100174649METHODS AND SYSTEMS FOR VALIDATING ONLINE TRANSACTIONS USING LOCATION INFORMATION - A method comprising: obtaining a service point location, the service point location being associated with a logical identifier assigned to end-user equipment used in an attempt to make an online transaction; obtaining at least one authorized transaction point location, the at least one authorized transaction point location being associated with transaction object information provided via the end-user equipment; comparing the service point location to each of the at least one authorized transaction point location; and performing an action related to validation of the online transaction based on a result of the comparing. Also provided is an apparatus for implementing this method.07-08-2010
20100174648SECURE REAL-TIME BUSINESS PROCESSING SYSTEMS - The present disclosure provides a dynamic business system comprising a business intelligence processing module; a dynamic rules module coupled to said business intelligence module; a dynamic collaboration engine coupled to said dynamic rules module and said business intelligence processing module; a data mining and expert knowledge module coupled to said interoperable system wherein said expert knowledge module can effect a portion of a data set to undergo real-time modification. The system data output and reporting is provided via a secure online method providing real-time interoperability among disconnected facilities. Additionally, the dynamic business system described provides dynamic and real-time decision making capabilities based on third party's available data set wherein data output and reporting is provided via a secure online method providing real-time interoperability among disconnected facilities.07-08-2010
20100174647METHOD AND APPARATUS FOR INITIATING A FUNDS TRANSFER USING A MOBILE DEVICE - The invention is directed to a method and apparatus for initiating an electronic funds transfer. The system includes a first mobile device, a payment engine, and a payment repository. The first mobile device includes functionality to display a notification of a sales transaction, obtain an authorization from the consumer to the electronic funds transfer based on the notification, instantiate a transfer entry form to obtain a transfer entry package, where the transfer entry package comprises the notification, a verification of the authorization, and consumer financial account information. The payment engine is operatively connected to the first mobile device and includes functionality to transmit the notification to the consumer of a sales transaction, generate the transfer entry form based on the authorization, and transmit the transfer entry package to a depository financial institution. The payment repository is operatively connected to the payment engine and includes functionality to store a record of the transfer entry package and the authorization.07-08-2010
20120226615CARD-LESS FINANCIAL TRANSACTION - Systems (and corresponding methodologies) that facilitate card-less financial transactions are provided. The innovation enables card-less ATM (automated teller machine) transactions such as cash withdrawals, transfers, balance inquiries, etc. In aspects, customers can set up an ‘electronic wallet’ account based upon a pre-set range or otherwise. Accordingly, access to the ‘electronic wallet’ is granted or denied based upon responses to challenges presented.09-06-2012
20120173428DATA TRANSFER ACROSS A NETWORK - Requests for retrieval of data items from another data processing apparatus include embedded objects having executable class functions for performing operations at the target data processing apparatus. This has the advantages of the request implicitly sending data as well as requesting data and allows the request to perform a test on data within an object (such as a comparison with parameters of the request to determine whether the request may be satisfied). Objects within the request may be embedded within each other with different encryption and compression applied to the different objects. As well as achieving communication efficiencies, the ability to selectively encrypt components of a request may be used to provide greater security. For example, a store may be able to interpret the request, while credit details may be separately encrypted such that only a bank may decrypt that subcomponent of the request.07-05-2012
20120173422INSTANT BANK FUND TRANSFERS - Embodiments for instant banking funds transfers include methods and systems for providing financial services. The financial services provided include instant top up of an account with a Financial Service Provider (FSP), instant account verification (using instant deposit confirmation); instant direct debit; and instant withdrawal or funds out. In one or more embodiments, an FSP has an agreement and a cash account with a partner bank; other banks, where users of the financial services have accounts, also have cash accounts with the partner bank. Thus, any transfers can be made within the partner bank and instantaneously. The FSP receives cash during a normal three to five day settlement period with standard bank transfers. Financial services provided may include instant top up of funds (instant credit), instant bank confirmation (using random deposits), instant debit, and instant withdrawal (or funds out).07-05-2012
20120173429Location Based Authorization of Financial Card Transactions Systems and Methods - Systems, methods, and software for identifying location based rules related to a network connected device are described. A network connected device may transmit a set of data identifying the location of the device and an identifier unique to the device to a server. The server may also receive an action request, wherein the action request is associated with the identifier. The server may select a rule in a database to address the action request, the rule applicable to the identifier and location of the device. Various embodiments related to financial card transactions, access to financial information, emergency services contact, and electronic message filtering are also addressed.07-05-2012
20120173427SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT FOR FACILITATING SECURE COMMERCIAL TRANSACTIONS - A secure financial transactions system generally includes a card that can be used a credit card, ATM card or debit card having a personal identification number (PIN) that can include a panic digit or panic PIN. The panic digit or panic PIN can be used to begin an emergency notification sequence including sending emergency signals and video transmissions from the commercial transactions machine. The card can include several biometric devices as well as financial transaction records. The card can include data to interact with data gathered from biometric devices on the ATM or POP devices. The card can then be interfaced with a personal computer. The card could also be made into other formats such as a ring, key chain, or other jewelry.07-05-2012
20120173426RAPID ONLINE PAYMENT SYSTEM - A method for online payments includes receiving an instruction to start a payment application. Payment tag information is then received and sent over a network. Product information that is associated with the payment tag information is then received over the network and displayed on a first payment page that includes a request for payment account credentials. The first payment page is provided through the payment application immediately following the sending of the payment tag information. Payer account credentials are then received through the payment application and sent over the network. Payer account information is then received over the network and displayed on a second payment page that includes a payment confirmation indicator. The second payment page is provided through the payment application immediately following the first payment page. A selection of the payment confirmation indicator is then received through the payment application and sent over the network.07-05-2012
20120173424PAYMENT SYSTEM AND METHOD BY IDENTIFYING FINGERPRINTS - A fingerprint of a user can be used to identify the user. A cloud server of a data center receives the fingerprint of the user from a fingerprint input device. The cloud server of the data center determines if the received fingerprint matches a predetermined fingerprint pre-stored in the cloud server. A prompt is displayed for prompting the user for payment on a display device of a client connected to the cloud server, in response to a determination that the received fingerprint matches the predetermined fingerprint.07-05-2012
20120173423LOCAL MANAGEMENT OF PAYMENT TRANSACTIONS - It is determined whether a payment device has come into association with a special spending environment. If so, an authorization and guarantee for a predetermined amount of funds to cover multiple transactions within the special spending environment is requested from an issuer of the payment device. If successful, a balance, based on the predetermined amount of funds, is established on a local authorization platform that is associated with the special spending environment and that is separate from the issuer of the payment device. A series of purchases with the payment device, within the special spending environment, is tracked. For each given purchase of the series of purchases, the balance is adjusted to reflect the value of the given purchase. At some point, it is determined that the series of purchases is ended. An additional step includes, subsequent to determining that the series of purchases is ended, communicating with the issuer to request payment as to only that portion of the predetermined amount of funds actually spent in the series of purchases. A further step includes facilitating an immediate release of the guarantee as to that portion of the predetermined amount of funds not actually spent in the series of purchases. The immediate release is subsequent to determining that the series of purchases is ended. A special callback command to summon back funds is also contemplated.07-05-2012
20120221472SYSTEM AND METHOD FOR FACILITATING A FINANCIAL TRANSACTION WITH A DYNAMICALLY GENERATED IDENTIFIER - Instead of a PIN which is associated with an account and provides access to an account, a dynamically generated card identifier (dynamic CID) is used to verify that the consumer currently possesses the transaction card at the time of purchase and/or is the true card owner. At the time of purchase, a token generates a dynamic CID, which changes with each transaction. A consumer enters the dynamic CID into a pre-existing CID field in an electronic order form. The merchant then sends the dynamic CID to a card authorization system within an authorization request. The card authorization system issues a response to a merchant system via a pre-existing authorization message indicating that the transaction card and dynamic CID have been validated, thereby adjusting the fraud risk associated with the transaction.08-30-2012
20120221470USER AUTHENTICATION AND SECURE TRANSACTION SYSTEM - A system, method, and apparatus to minimize fraud at the user, merchant, and/or financial institution level. A control computer provides authentication and/or transaction processing. The control computer has access to databases comprising user, merchant, enrollment, transaction, duplicate, and fraudulent activity data. Parties may enroll in the system via an enrollment computer and conduct transactions through the system via a merchant computer. Users are issued hardware identification keys containing an encrypted user code. Access keys can be required in addition to an authorized user key to conduct certain actions. Keys are copy protected and can comprise a computer operating system. The hardware profile of client devices can be recorded. Parties may specify minimum and/or maximum security levels and restrict transactions. Transactions with parties can be authenticated without sending user personal data to the parties. Users can control transfer of information from their personal communication device to other devices.08-30-2012
20120221468DIRECT CONNECTION SYSTEMS AND METHODS - Embodiments of the invention are directed to passing a plurality of communications directly from a merchant to a payment processing network. A first communication may include payment information in an authorization request, while a second transaction may include non-payment transaction data. The communications may be linked with a transaction identifier. In other embodiments, a capture file process is disclosed where capture files are generated by the payment processing network, and transactions are subsequently cleared and settled.08-30-2012
20120221471Electronic System for Selecting the Best Card from a Collection of Consumer Credit, Debit and Discount Cards - A method, system and computer program product for enabling completion of purchase transactions by retrieving purchase card information from an electronic database of consumer cards and applying the appropriate card to the transaction. The database, managed by a central card authority, stores client account information for cards such as debit, credit, phone, and discount cards, which are accessible via a unique, secure login/access credential, such as a username and password combination. During registration with the central card authority, a client classifies key/important factors to consider when performing purchases. The central card authority is accessed by the client during purchases from a retail facility and/or other purchasing environment. The central card authority automatically selects the best card to utilize during a purchase, after weighing the important purchasing factors related to the credit, debit, phone, and discount cards registered with the central card authority.08-30-2012
20120215695MANAGING RECURRING PAYMENTS FROM MOBILE TERMINALS - Equipment and methods for facilitating service provisioning in a system that include a payment processor, a number of service providers and a mediator that mediates information exchange between the payment processor and service providers, and a mobile terminal operated by payment card holder. In some disclosed embodiments, service provisioning can be facilitated in cases where the payment processor must reside in a strictly regulated Payment Card Industry (PCI) compliant environment and the service providers operate servers that are not PCI-compliant.08-23-2012
20120259779SYSTEM AND METHOD FOR CASHLESS PEER-TO-PEER PAYMENT - Embodiments of the present invention provide a method for a server performing a wireless payment transaction, comprising: providing a server web page or native application including options for a user selecting a role as payer or payee; requesting information from the payee including a transaction ID provided by the server; requesting information from the payer including the transaction ID; initiating an authorization of the transaction on a credit or debit account of the payer; initiating a transaction to credit the payee's account; and completing the transaction with the payer by initiating the offline clearing of the transaction.10-11-2012
20100299262CREDIT APPLICANT AND USER AUTHENTICATION SOLUTION - The present invention provides a credit applicant and user authentication solution for authenticating the identity of a credit applicant or a credit user. In particular, a user of the authentication system establishes a user account and obtains authentication information. The user then provides the authentication information during a subsequent credit application or credit transaction to authenticate the user's identity. Authentication information may be renewed after each application or transaction at specified time intervals, based on monetary thresholds, specific geographic limitations, or any other methodology specified by the user.11-25-2010
20100299261CREDIT APPLICANT AND USER AUTHENTICATION SOLUTION - The present invention provides a credit applicant and user authentication solution for authenticating the identity of a credit applicant or a credit user. In particular, a user of the authentication system establishes a user account and obtains authentication information. The user then provides the authentication information during a subsequent credit application or credit transaction to authenticate the user's identity. Authentication information may be renewed after each application or transaction at specified time intervals, based on monetary thresholds, specific geographic limitations, or any other methodology specified by the user.11-25-2010
20100299259METHOD AND DEVICE FOR GENERATING A SINGLE-USE FINANCIAL ACCOUNT NUMBER - A device for facilitating financial account transactions is described which includes a processing unit including a cryptographic processor. The device also includes an input unit, a display unit and a memory device connected to the processing unit. The memory device contains a private cryptographic key, a first data element and a second data element. The processing unit encrypts the first data element using the private cryptographic key and the second data element, modifies the second data element, combines the encrypted first data element and the second data element to generate a single-use financial account identifier, and displays the single-use financial account identifier. This identifier is then transmitted to a central processor for authorization of the transaction. The central processor extracts and decrypts data elements from the transmitted identifier using the private cryptographic key, compares those data elements with data elements stored in a memory, and verifies the single-use financial account identifier in accordance with the comparison.11-25-2010
20100299258System and method for verifying the authenticity of a check and authorizing payment thereof - A system and method for verifying the authenticity and payment of a bank check at any of a plurality of banks or check cashing sites, wherein a payor or issuing site determines a first set of data including account and individualized payee data, which is communicated to a processing center for temporary storage and eventual comparison. Upon presentation of the check for redemption, the cashing site will establish a second set of data at least including the pre-printed account data and, depending on the embodiment, the individualized payee data that appears on the face of the check when presented. The second set of data is communicated to the processing center where the first and second sets of data are compared. Subsequent to comparison, authenticating data will be communicated to the cashing site, which is indicative of redemption authorization or refusal. Additional embodiments include assuring payment for and delivery of merchandise associated with an Internet commercial transaction.11-25-2010
20100049655METHOD AND SYSTEM FOR SECURELY EXECUTING A CHARGE TRANSACTION - A method for securely executing a charge transaction establishes an encrypted communication link between the mobile telecommunication device and a host by utilizing executable program code in the mobile telecommunication device. The method transmits data related to a charge transaction request from the host to the mobile telecommunication device via the encrypted communication link, and further transmits a second of at least two in combination unique data sets from the mobile telecommunication device to the host via the encrypted communication link as authorization for the charge transaction to be executed, and even further transmits from the host to a payment service provider, data related to the charge transaction request, the received second data set and a, in combination with the received second data set unique first data set stored at the host. The method completes the charge transaction if the first and second data sets in combination authorize the charge transaction.02-25-2010
20130173470METHODS AND SYSTEMS FOR USING A CO-LOCATED GROUP AS AN AUTHORIZATION MECHANISM - Systems and methods to enable a co-located group to be used as an authorization mechanism are discussed. For example, a method can include establishing a group account, receiving a request to access the group account, determining whether the requester is a group member, determining whether the requester is near an authorized location, and authorizing access to the group account. Authorizing access to the group account can be based on determining that the requester is a member and is within a pre-defined distance of an authorized location.07-04-2013
20130173471COMPUTER-BASED METHOD AND SYSTEM FOR AIDING TRANSACTIONS - A method for providing a warranty relating to a transaction between two parties in a system which includes an infrastructure composed of a plurality of locations each associated with a respective institution which provides services to clients, each party being a client of at least one of the institutions, the method comprising: transmitting a request for a warranty from one party to the transaction which is a client of the respective institution to a respective location associated with the respective institution, which request includes information identifying the other party to the transaction and information about the nature of the transaction; conducting an exchange of information between the respective location and a location associated with a institution of which the other party is a client; and transmitting a response to the request from the respective location to the one party.07-04-2013
20100274723Apparatus and method for providing transaction history information, account history information, and/or charge-back information - A computer-implemented method, including processing, with a processing device, information regarding an account involved in a transaction involving an individual, wherein the information regarding the account is received by a receiver, and further wherein the information regarding the account is processed prior to a processing, a completion, a consummation, or a cancellation, of the transaction, generating, with the processing device, a report or a message in response to the processing of the information regarding the account, wherein the report or the message contains information regarding a charge-back regarding a previous transaction involving the account, and transmitting, with or from a transmitter, the report or the message to a communication device associated with a merchant, vendor, or provider, of a good, product, or service.10-28-2010
20100274720FRAUD AND REPUTATION PROTECTION USING ADVANCED AUTHORIZATION AND RULES ENGINE - Systems and methods are presented for analyzing a credit card or other financial transaction and, based on whether a score for the transaction meets or exceeds a user-selected threshold, sending a transaction notification message to a consumer's electronic device such as a cell phone.10-28-2010
20100274719Delayed Settlement Transactions - Methods for deferring settlement of a transaction are disclosed. A server computer receives an authorization request message for a transaction. The server computer then receives an authorization response message for the transaction. The server computer then receives a deferred settlement indicator for the transaction.10-28-2010
20100274718FINANCIAL INSTITUTE-IMPLEMENTED ACCOUNT MANAGEMENT SYSTEM - Systems, methods, and computer program products are provided for an automated system for financial institution account management. The methods, systems and computer program products herein described allow the customer to link financial institution accounts and authorize a financial institution automatically and intuitively manage the linked accounts. Automated management includes managing the transfer of funds between accounts to ensure minimum balances, maximize rate of return and minimize the number of transfers between accounts.10-28-2010
20100274717Global Internet Based Method and System For Compiling, Assigning, Registration, and Maintenance of Unique Tags - A method and process of a Registrar creating unique Equipment Tags for use of one or more Equipment owners wherein there is no duplication of Tags among the participating Equipment owners. The Equipment owner requests the Tag and its registration as a service over the Internet or other network in the same way as a Client might request a URL from a domain registration agency. The Registrar receives payment in exchange for receiving the exclusive right to use the Tags from the Registrar's System. The Tags are the product of the Registrar's System. The processor may utilize a Tag generator. The Tags are generated upon instruction of software operating on the computer processor. The Tags may be issued for an identified piece of Equipment. Information regarding the Equipment may be entered on the Tag Register. The Tag and Equipment information is stored in the Tag Register interfacing with the computer processor. The Equipment owner receives exclusive use of the Tag for a fixed period of time. The Equipment owners interface with the System over the Internet or other network.10-28-2010
20120185395SYSTEMS AND METHODS FOR ELECTRONICALLY CIRCULATING A CONDITIONAL ELECTRONIC CURRENCY - Persistent, electronically anchored currency notes (PEAC notes) may be generated by a transaction provider and maintained in a datastore. Each PEAC note may be associated with a respective unique identifier and asset held by a custodian. The transaction provider may provide for assigning ownership of the PEAC notes to various entities and/or transferring ownership therebetween. Ownership transfers may be performed by the transaction provider while maintaining the PEAC notes in the datastore and/or maintaining the asset(s) associated therewith their respective custodian(s). A PEAC note may be tied to one or more usage conditions, which restrict transfers thereof. The usage conditions may be removed when release conditions are satisfied.07-19-2012
20120185394SYSTEMS AND METHODS FOR REDUCING THE UNAUTHORIZED RESALE OF EVENT TICKETS - The present invention relates to (a) a ticket management system for purchasing and allocating event tickets; (b) a ticket authentication system for authenticating tickets presented at an event; and (c) a secondary market system for the authorized resale of event tickets. These systems, individually and collectively, facilitate the reduction of ticket scalping by requiring the production of valid registered valued identification for the purchase, allocation, and resale of event tickets and the admittance to an event.07-19-2012
20120185393SYSTEM AND PROCESS FOR AUTOMATICALLY ANALYZING CURRENCY OBJECTS - A method, system, and computer program product for analyzing images of visual objects, such as currency and payment cards, captured on a mobile device in determining their authenticity, and total amount of value. The system may be used in verifying the authenticity of hard currency, to count the total amount of the currency captured in one or more images, and to convert the currency using real time monetary exchange rates. The mobile device may also be used to verify the identity of a credit card user utilizing images of the card holder's face and signature, name on the card, card number, card signature, and card security code. Computerized content analysis of the captured images on the mobile devices as compared to images stored on a database facilitates a merchant processing a customer's payment and a financial institute accepting a cash deposit.07-19-2012
20120185392METHOD AND APPARATUS FOR DONATING MONEY TO A CANDIDATE OR ORGANIZATION - A method of donating money to a political candidate or organization using a credit card, and a system of networked computers, comprising: using a credit card to make a purchase, transferring purchase amount information and purchaser information electronically to a central computer 07-19-2012
20120185391CUSTOMIZABLE SIGN-ON SERVICE - Techniques are described for providing customizable sign-on functionality, such as via an access manager system that provides single sign-on functionality and other functionality to other services for use with those services' users. The access manager system may maintain various sign-on and other account information for various users, and provide single sign-on functionality for those users using that maintained information on behalf of multiple unrelated services with which those users interact. The access manager may allow a variety of types of customizations to single sign-on functionality and/or other functionality available from the access manager, such as on a per-service basis via configuration by an operator of the service, such as co-branding customizations, customizations of information to be gathered from users, customizations of authority that may be delegated to other services to act on behalf of users, etc., and with the customizations that are available being determined specifically for that service.07-19-2012
20120185390METHOD AND SYSTEM FOR PROVIDING WIRELESS VULNERABILITY MANAGEMENT FOR LOCAL AREA COMPUTER NETWORKS - A Software-as-a-Service (SaaS) based method for providing wireless vulnerability management for local area computer networks. The method includes providing a security server being hosted by a service provider entity to provide analysis of data associated with wireless vulnerability management for a plurality of local area computer networks of a plurality of customer entities, respectively. The method includes creating a workspace for wireless vulnerability management for a customer entity on the security server and receiving configuration information associated with the workspace. The method also includes supplying one or more sniffers to the customer entity. The method includes receiving at the security server information associated with wireless activity monitored by the one or more sniffers at premises of the customer entity and processing the received information within the workspace for the customer entity using the security server. The method includes metering usage of the workspace for wireless vulnerability management for the customer entity.07-19-2012
20120185389OFFSETTING FUTURE OVERAGE FEES - In general terms, embodiments of the present invention relate to methods and apparatuses for prepaying, covering, avoiding, negating, and/or otherwise offsetting future overage fees. For example, in some embodiments, a method is provided that includes: (a) receiving one or more payments for offsetting one or more future overage fees, where the one or more payments are associated with an account; (b) receiving transaction information associated with a transaction, where the transaction involves the account, and where the transaction is initiated after the receiving the one or more payments; (c) determining, based at least partially on the transaction information, that the account will incur an overage as a result of the transaction; (d) determining that the one or more payments are sufficient to offset an overage fee associated with the overage; and (e) authorizing the transaction based at least partially on the determining that the one or more payments are sufficient.07-19-2012
20090327132INCREMENTAL FACTORIZATION-BASED SMOOTHING OF SPARSE MULTI-DIMENSIONAL RISK TABLES - A system for classifying a transaction as fraudulent includes a training component and a scoring component. The training component acts on historical data and also includes a multi-dimensional risk table component comprising one or more multidimensional risk tables each of which approximates an initial risk value for a substantially empty cell in a risk table based upon risk values in cells related to the substantially empty cell. The scoring component produces a score, based in part, on the risk tables associated with groupings of variables having values determined by the training component. The scoring component includes a statistical model that produces an output and wherein the transaction is classified as fraudulent when the output is above a selected threshold value.12-31-2009
20120284191IDENTIFIER-BASED CHARGE ON DELIVERY TRANSACTION - Guaranteed funds from a buyer are held until a delivery to the buyer is confirmed by a payment provider. The funds are then released to the seller immediately upon confirmation. Confirmation may be accomplished by the buyer entering an identifier upon delivery or some other confirmation by the shipper, where the identifier was provided to the buyer during the transaction with the seller. In other embodiments, the identifier generated by the payment provider is provided partially to the buyer and partially to the seller. Upon receiving a match of the identifier from the buyer and seller on delivery, buyer funds are released to the seller.11-08-2012
20120221469DYNAMIC HOLD DECISIONING - Embodiments of the present invention relate to methods and apparatuses for determining, communicating, and/or executing hold decisions for deposit items. For example, a method is provided that includes: (a) receiving information associated with a deposit item; (b) determining a deposit amount for the deposit item; (c) determining a payee account to receive the deposit item; (d) determining a hold limit for the payee account; and (e) determining a hold decision for the deposit item based at least partially on a comparison of the deposit amount to the hold limit. In some embodiments, the hold limit is based at least partially on (a) an account balance associated with the payee account, and (b) one or more other characteristics associated with the payee account.08-30-2012
20090018959METHODS AND SYSTEMS FOR EXCHANGING AND/OR TRANSFERRING VARIOUS FORMS OF VALUE - Methods and systems for exchanging various forms of value, including coins, currency, credit, debit, and/or bank account funds, for prepaid cash cards, credit cards, phone cards, and the like. In one embodiment, a value exchange machine includes a coin input region, a coin sorting/counting apparatus, a card reader, and a communications facility configured to communicate with a remote computer network. In another embodiment, a value exchange system includes one or more of the value exchange machines connected to one or more remote computers via a communications link. A user wishing to purchase, for example, a prepaid cash card can visit one of the value exchange machines, select the desired transaction, and pay for the card with coins, currency, a credit card, a debit card, and/or bank account funds. After confirming payment, the value exchange machine dispenses the card to the user.01-15-2009
20120259782MULTIPLE TOKENIZATION FOR AUTHENTICATION - Embodiments of the present invention are directed generally to systems, methods, and apparatuses for authenticating a cardholder using multiple tokenization authentication. Embodiments of the invention are directed at a method. The method includes receiving at a first entity a first token from a consumer and determining a second token associated with the first token. Once the second token is determined, the second token is sent to a server computer at a second entity. The server computer then determines an account identifier associated with the second token and processes a transaction using the account identifier.10-11-2012
20120233074Targeted Benefit Account - Exemplary embodiments provide a single financial account that may contain funds in either an actual or a notional balance from one or more payment, benefit, and/or entitlement programs with the funds being made available to an account holder through the use of a multipurpose financial account card that may be used for transactions. The account may accept funds from various non-governmental sources and prevent comingling of funds where comingling is not permitted or enable comingling of funds where permitted or encouraged. The access to and use of the funds may be governed by one or more hierarchical rules based on the type of funds' that determine the funds application to the transaction.09-13-2012
20120265684Message Routing Using Logically Independent Recipient Identifiers - Embodiments are directed to methods for routing messages using logically independent recipient identifiers and server computers operable to implement those methods. In one embodiment, an authorization request message is received at the server computer from a sending institution. The authorization request message comprises a non-financial institution identifier and a recipient identifier separate from the non-financial institution identifier, the non-financial institution identifier identifying a non-financial institution, the recipient identifier associated with a recipient, wherein the authorization request message requests authorization for a transaction between a sender and the recipient. The server computer then determines the non-financial institution from a number of different non-financial institutions, routes the authorization request message to the non-financial institution, and receives, from the non-financial institution, an authorization response message, the authorization response message indicating whether or not the transaction is approved or not approved.10-18-2012
20120265683Upgrading of Recurring Payment Cancellation Services - A method of reducing chargebacks due to a cancelled recurring payment, wherein the payment occurs within a card-based financial network, and wherein the network includes a database of unauthorized recurring charges and a defined chargeback procedure. The method generally includes the step of upgrading a recurring payment cancellation services file based on predefined occurrences relating to the identifying of cancelled recurring payments.10-18-2012
20080313079SYSTEM AND METHOD FOR PROXIMITY PAYMENT TRANSACTION BETWEEN A WIRELESS COMMUNICATION DEVICE AND A POINT OF SALE TERMINAL IN CONJUNCTION WITH A TRUSTED PARTY - A method for proximity payment transaction between a wireless purchasing device and a point of sale terminal in conjunction with a trusted party. The wireless communication device initiates a proximity payment application for a transaction between the wireless purchasing device and the point of sale terminal. The wireless communication device transmits the first authentication code to the point of sale terminal. A first code is inputted at the point of sale terminal as a watermark on the superimposed photo image of the user, wherein the superimposed photo image is displayed on the wireless purchasing device. The point of sale terminal transmits a first code and the first authentication code to the trusted party via a second communication network. The point of sale terminal receives an approval message from the trusted party for approving the transaction between the wireless purchasing device and the point of sale terminal.12-18-2008
20080301051Internet fraud prevention - A method of detecting malware on a computer and comprising scanning a system memory of the computer, and/or code being injected into the system memory, for known strings indicative of banking trojans. These strings may be Universal Resource Locators and/or partial Universal Resource Locators.12-04-2008
20080301050REAL TIME ACCOUNT UPDATE - A method is used in a system that includes a financial service provider coordinating accounts issued by an issuer to cardholders requesting credit from merchants. Each merchant has an acquirer with whom the financial service provider also coordinates the accounts. The method can be performed by a merchant sending a transmission to its acquirer including a request for a transaction against one account to which the merchant receives a denial or prior to receiving such a denial. The merchant then requests information from the financial service provider who responds by sending the requested information, upon which the merchant determines whether to extend the credit. When the method is performed by a financial service provider, in response to the denial received by one merchant or prior to such denial, the financial service provider receives a transmission from the merchant including a request for information about the account. In response, the financial service provider sends the merchant the requested information.12-04-2008
20110047075LOCATION CONTROLS ON PAYMENT CARD TRANSACTIONS - Geographical location information provided by a mobile device is used as a control on the use of a payment card as described. Mobile device identification is linked to a payment card account such that when a payment card authorization request is received, information about the geographic location of the origination of the request is checked against the geographic location provided by the mobile device, and if there is a match, the transaction can further processed for authorization or directly authorized.02-24-2011
20110004553TRACK DATA ENCRYPTION - A method for using a secondary PAN is disclosed. The method includes providing a secondary PAN associated with a primary PAN, where the secondary PAN has at least one end portion that is the same as the primary PAN, but has a middle portion of that is different than the primary PAN.01-06-2011
20110004552METHOD AND SYSTEM FOR CONDUCTING A COMMERCIAL TRANSACTION BETWEEN A BUYER AND A SELLER - A system for conducting a commercial transaction between a buyer and a seller is disclosed. The system includes a transaction processing system for facilitating payment for a transaction between the buyer and the seller. In addition to the buyer and the seller, the transaction processing system also interacts with an issuer and an acquirer. The issuer issues and manages an account for the buyer. The acquirer manages an account for the seller. The transaction processing system operates as follows. An electronic invoice relating to the transaction is first posted to the system by the seller or another system. Upon accepting the electronic invoice, the system creates a payment instruction. Each time a payment instruction is created, the system applies certain pre-negotiated payment terms and conditions between the buyer and the seller to the payment instruction. After the payment instruction is created, the system seeks approval from the buyer. Upon approval of the payment instruction by the buyer, the system schedules the payment for the specified date in the payment instruction. On the scheduled day of payment, the system calculates one or more fees, such as a transaction fee, for the transaction according to a pre-defined variable pricing matrix, which is determined based on a set of pre-negotiated conditions agreed to by the issuer, the acquirer, the seller and the buyer. For example, the transaction fee is an amount used by the issuer and the acquirer to compensate each other for processing the payment on behalf of the buyer and the seller. After the transaction fee is calculated, information relating to the transaction fee and the payment instruction is formatted into a proper message format(s) and submitted for authorization, clearing and settlement. The issuer and the acquirer then communicate with one another directly or indirectly to settle the funds. Additionally, the system provides transaction and activity reports to all relevant parties as well as access to status information for invoices and payments.01-06-2011
20110131137METHOD AND APPARATUS FOR PERFORMING COLLECTIVE VALIDATION OF CREDENTIAL INFORMATION - An embodiment of the invention comprises a method and apparatus for performing collective validation of credential information. The invention has applicability in industries that require sales agents or those related to the distribution of a certain product to be credentialed (e.g., licensed and/or appointed) when selling certain products (e.g., life insurance, etc . . . ). For example, in order to sell some financial instruments sales representatives must meet state and/or federal licensing requirements. Embodiments of the invention provide a way to ensure that sales representatives operate within any regulatory constraints put in place by government or any other organization. Companies may, for instance, utilize embodiments of the invention to ensure that sales representatives operate within a set of defined constraints. One aspect of the invention provides a method for validating sales agents' credentials while processing the sales transaction data to determine commission amounts. The system is configured to perform such transaction processing in an efficient manner that minimizes the amount of computational resources required to determine whether a sales agent has valid credential at the time of a particular sale and is therefore entitled to compensation (e.g., a commission) for the sale.06-02-2011
20110131136Risk Management Customer Registry - Methods and systems are provided for managing Risk associated with a financial account initiated by an intermediary institution. Risk related information descriptive of a customer of the intermediary can be registered with a neutral entity and a certification can be generated that is associated with the customer and includes the registered information. An instruction can be received to convey the certification associated with the customer to a Primary Financial Institution after which the certification can be conveyed to the Primary Financial Institution.06-02-2011
20110131135ONLINE WARRANTY HISTORY STORAGE ACCESS - A message confirming a transaction for the purchase of an item can include identifiers for the item and for a consumer as well as information pertaining to the transaction. The item identifier is used to locate an express warranty for the item. The consumer identifier (e.g.; a number of an account issued to the consumer) is used to locate the consumer's file in which the express warranty is stored along with at least a portion of the information pertaining to the transaction. Other data received in respective messages can be also be stored in the consumer's file. Thereafter, the consumer identifier can be use to retrieve all express warranties stored in the file for past respective purchased items. Information about each express warranty can be compared to the stored portion of the information pertaining to the transaction so as to retrieve only those express warranties that are valid (e.g.; unexpired).06-02-2011
20120239575Wireless Payment Method and Systems - A method for conducting a transaction is disclosed. The method includes using a first portable electronic device, and directly transmitting a request for payment to a second portable electronic device through a wireless link. Then, the second portable electronic device transmits an approval of the request for payment to the first portable electronic device. One of the first and the second portable electronic devices then sends the request for payment to a payment hub service. The payment hub service then facilitates the transfer of funds from a payer institution to a payee institution to complete the transaction.09-20-2012
20120239576MOBILE COMMERCE AUTHENTICATION AND AUTHORIZATION SYSTEM - The mobile commerce authentication and authorization system allows a user of a currently existing mobile wireless communications instrument to conduct financial transactions, including purchases, across a wireless communications system using location data to authorize and authenticate the user and the transaction. The location of the mobile wireless communications instrument and the location of a vendor point-of-sale device are matched with a payment sum. Authentication of the mobile wireless communications instrument user is achieved at least by application of the position and/or location determinable features of the mobile wireless communications instrument, the position and/or location of a point-of-sale device of a vendor or merchant where the instrument user seeks to purchase goods or services, and the payment sum entered on the point-of-sale device. A transaction matching subsystem located in a wireless customer server hub may assist in processing the location data and the payment sum across the wireless communications network.09-20-2012
20120239573METHODS FOR PURCHASES USING CUSTOMER COMPUTER - Methods for purchasing of goods or services over the internet. A customer has a customer account set up at a bank with associated account information. The account information includes verification information for verification parameters, such as authorized computer identification, authorized delivery addresses, authorized user identification, authorized telephone caller identification, and/or other account information. An order is placed by a user via an ordering computer which provides order information. Such order information includes verification variables used by the bank. Verification and/or authentication using one or more variables of the customer account information is used by the bank to validate the order before assuring payment to the merchant.09-20-2012
20120239572SYSTEMS AND METHODS FOR PERFORMING FINANCIAL TRANSACTIONS USING ACTIVE AUTHENTICATION - A financial transaction method includes receiving a request to perform a financial transaction at a financial institution, generating a single-use transaction key for the financial transaction, and storing at least a first portion of the transaction key in a storage medium. The transaction key is transmitted to a user that requested the financial transaction, and an authorization request including at least a second portion of the transaction key is received from a merchant. The second portion of the transaction key received from the merchant is compared to the first portion of the transaction key to determine if the transaction should be authorized. An authorization message is transmitted to the merchant if the second portion of the transaction key received from the merchant matches the first portion of the transaction key. The financial transaction is funded from an account of the user if the financial transaction is authorized.09-20-2012
20120239571SYSTEM AND METHOD FOR USE IN CHARGING AN ELECTRICALLY POWERED VEHICLE - A method for use in operating a vehicle charging device based on an identifier provided to the charging device by a wireless transmission device. A registration device receives a first signal indicating a transmitter identifier from a wireless transmission device and an account identifier. The transmitter identifier is associated with the account identifier by the registration device. A second signal indicating the transmitter identifier is received from the wireless transmission device at a charging device. The charging device determines whether the account identifier associated with the received transmitter identifier is associated with an authorized account and provides electrical energy to a vehicle when the account identifier is associated with an authorized account. A financial transaction may be initiated against a payment account associated with the transmitter identifier based on the quantity of electrical energy provided.09-20-2012
20120265681DYNAMIC CREDIT LIMIT INCREASE - In general terms, embodiments of the present invention relate to methods and apparatuses for dynamically increasing a credit limit associated with a credit account. For example, in some embodiments, a method is provided that includes: (a) receiving transaction information associated with a transaction, where the transaction involves a credit account, and where the credit account has a credit limit; (b) determining, based at least partially on the transaction information, that at least a predetermined portion of the credit limit (e.g., 90% of the credit limit, the total credit limit, etc.) will be used as a result of the transaction; and/or (c) increasing the credit limit based at least partially on the determining that at least a predetermined portion of the credit limit will be used. In some embodiments, the method further includes: (a) determining, after increasing the credit limit, that the credit account has available credit sufficient to cover the transaction; and (b) authorizing the transaction based at least partially on the determining that the credit account has available credit sufficient to cover the transaction.10-18-2012
20120265682Methods and Systems Using Contactless Card - It is desirable to implement security features that can prevent the unauthorized use of a customer's sensitive account information from an RFID sticker. The methods and systems described herein attempt to resolve the deficiencies with the conventional RFID stickers. In a more secure implementation, a financial institution allows a customer to activate or deactivate the account for use with the RFID sticker by submitting a request to the financial institution using internet banking, mobile banking, SMS texting, or other communications method.10-18-2012
20120265687METHOD AND APPARATUS FOR MANAGING TRANSACTIONS - A system receives account access information from a user. The account is then accessed using the received access information. Data is harvested from a web page associated with the account or received from another financial data source. The user's ability to access the account is authenticated based on the obtained information.10-18-2012
20120265680METHODS AND SYSTEMS FOR ROUTING PAYMENT TRANSACTIONS - Methods and systems for routing payment transactions electronically involve interrogating by computer logic each payment transaction received by a payments interface processor to identify a payment destination and a payment source and to determine, according to pre-defined parameters, whether the payment transaction is eligible for processing via an internal payment transaction processor of the financial institution that minimizes processing costs. Eligible payment transactions may be routed, for example, to an internal debit or credit card processor or ACH processor, and ineligible payment transactions may be routed to external card processing networks.10-18-2012
20120265686ELECTRONIC TRANSACTION SECURITY SYSTEM AND METHOD - A computerized method for generating a time-limited number for use in a payment card transaction involving a payment card issued by a financial institution. The payment card comprises an original payment card number. A first plurality of digits of the original payment card number is provided to a processor. The first plurality of digits are predetermined digits associated to the financial institution. A desired expiration date through which the time-limited number is valid for acceptance in the payment card transaction is provided to the processor. A program is executed by the processor to set a first plurality of digits in the time-limited number to the first plurality of digits in the original payment card number, generate a first number corresponding to the desired expiration date, set a second plurality of digits in the time-limited number to the first number, and output the time-limited number.10-18-2012
20120265685System and Method for Physical-World Based Dynamic Contactless Data Emulation in a Portable Communication Device - This invention involves, in part, a system for automatically selecting a credential among a plurality of credentials on a portable communication device based on a geo-location of the portable communication device and based on a user preference, for use in an electronic wallet transaction. The system includes a geo-location device configured to detect the geo-location of the portable communication device; a location identification service unit configured to be activated by a pre-determined user input, and configured to determine a merchant where the portable communication device is most likely to be located based on said geo-location; means for storing preferences corresponding to the plurality of credentials; and means for automatically determining which of the plurality of credentials to use for the electronic wallet transaction based on the preferences.10-18-2012
20110016051INTELLIGENT AUTHENTICATION - Systems and methods for intelligently authenticating payment transactions are disclosed. A user initiates a payment transaction to purchases goods or services from a merchant. The merchant sends a payment initiation request to a server computer in communication with a payment processing network and an issuer. The server computer queries various databases to determine one or more available communication channels that may be used as authentication channels by the issuer. The server computer also determines one or more communication channels, available for use by a mobile device of the user, that may be used as authentication channels to authenticate the payment transaction. The user is provided with a list of available/eligible authentication channels. User selects one of the authentication channels and the issuer is notified of the selection. The issuer uses the selected authentication channel to communicate with the user and authenticate the payment transaction.01-20-2011
20120323791METHODS AND SYSTEMS FOR VERIFYING TRANSACTIONS - An aspect of the present invention provides a computer-implemented method for verifying authorisation of a transaction. The method comprises the steps of: receiving a request to process an electronic transaction for a predetermined amount of money (12-20-2012
20110047076ALIAS REPUTATION INTERACTION SYSTEM - Systems and method for generating reputation information for an alias are provided. The alias is associated with an entity. Payment transaction information related to a first alias associated with a first entity is received. The payment transaction information includes payment transactions performed by the first entity. In addition, non-payment transaction information related to the first alias is also received. The non-payment transactions include transaction between the first alias and one or more objects. The payment transaction information and the non-payment transaction information is analyzed to associate the one or more objects with the first alias. Thereafter, reputation information for the first alias is generated based at least in part on the payment transaction information and the non-payment transaction information.02-24-2011
20120271767SYSTEM AND METHOD FOR ELECTRONIC TRANSACTION VERIFICATION - A system and method for authenticating a physical address submitted in an online communication is disclosed. An online communication comprising a physical address to be verified is received. A verification identification (VID) is requested and received. A transaction verification document (TVD) comprising an indicia indicative of the VID is generated. An electronic copy of the TVD is transmitted. Verification data produced in response to dispatch of a physical embodiment of the TVD is received, wherein the physical embodiment is generated from the electronic copy. The physical address is authenticated based at least in part on the verification data.10-25-2012
20120271764FINANCIAL TRADE METHOD AND TRADE SYSTEM USING MOBILE DEVICE FOR THE SAME - A financial trade method arranges a combo-chips card internally on a mobile device for trading. The mobile device selects one of the combo-chips card which combines a plurality of chip cards therein via an application program, and the mobile device progresses to swipe in a non-contact sensing mode. After sensing, the mobile device identifies for user thereon according to a request from a financial server, and the mobile device then transmits identification data to the financial server after identifying. Therefore, the financial server determines whether the trade is successful and completed after comparing with the identification data.10-25-2012
20120323785METHOD OF USING PAPER CHECKS THAT ARE TIED TO PREPAID DEBIT CARD AND CASHED ONLY BY DESIGNATED ENTITIES - A method is provided of using paper checks to debit funds maintained in a debit card bank account that is associated with a person. A plurality of unique serial numbers are assigned by the debit card issuer to be pre-printed on paper checks that are associated with the debit card bank account number. The unique serial numbers have no relationship to any personally identifiable information associated with the person. When a filled in paper check is presented for cashing, the unique serial number is checked against the originally assigned serial numbers to verify that the paper check is genuine. Identification information of the person is also verified, and the account balance of the debit card bank account is also verified to make sure that there are sufficient funds in the bank account to cover the check amount.12-20-2012
20120271768PAYMENT TRANSACTION PROCESSING USING OUT OF BAND AUTHENTICATION - Systems, apparatuses, and methods for increasing the security of electronic payment transactions, such as eCommerce transactions conducted over the Internet. A transaction approval or authorization mechanism uses an out of band process to provide authentication or identification data that has previously been registered by a user and associated with the user's payment device or account. The out of band authentication data may be provided in response to a message sent to a user's mobile phone, where the message is generated in response to entering the user's phone number into a form that is provided when the user engages in an electronic payment transaction using a desktop computer. The data may include a digital signature and associated digital certificate that is used to authenticate the user.10-25-2012
20120271766REQUEST MONEY SOCIAL NETWORKING APPLICATIONS - In example embodiments, a system and method provides receiving a funds request that contains an identifier to uniquely identify a first member of a first social network, an identifier to uniquely identify a second member of a second social network, and an amount of funds to be exchanged between the first and the second member. The information in the funds request is received via a user interface provided by the first social network that is customized to the first member. A funds authorization from the second member is received. An exchange of the amount of funds between an account held by the first member of the first social network and an account held by the second member of the second social network based on the receiving of the funds authorization is implemented. The first and the second social network are each a community of members that share a common interest.10-25-2012
20120271765ROUTING OPTIMIZATION - A system and method are disclosed for routing optimization. A gateway processing service receives a first ordered list of payment processing networks associated with a first condition. The first ordered list comprises a higher priority payment processing network and a lower priority payment processing network. A second ordered list received by the gateway processing service comprises a higher priority payment processing network and a lower priority payment processing network. An authorization request message for a transaction is received by the gateway processing service. If the first condition is satisfied, the gateway processing service routes the authorization request message according to the first ordered list. If the first condition is not satisfied, the gateway processing service routes the authorization request message according to the second ordered list.10-25-2012
20120323788DYNAMIC PIN PAD FOR CREDIT/DEBIT/OTHER ELECTRONIC TRANSACTIONS - A method for authenticating debit card transactions engaged in by a cardholder on a communications network includes: establishing a network connection with a client being used by the cardholder to engage in a transaction; providing to the client a web page containing a keypad (12-20-2012
20120323790METHOD AND APPARATUS FOR DISTRIBUTION OF MONEY TRANSFERS - A method of performing money transfer send transactions begins with receiving registration information from a customer, including customer identification and qualification information and payment source identification and performing verification of at least a portion of the identification and qualification information and the payment source identification and upon sufficient verification building a distribution profile. The method proceeds by receiving from the customer and storing in the distribution profile send transaction specifications for staging each of one or more proposed send transactions, and receiving a send initiation instruction with associated customer authentication data and responsive thereto identifying a distribution profile and at least one send transaction specification to be executed. Responsive to the send initiation instruction, the method verifies the authentication data and the current status of the payment source identified in the distribution profile and upon sufficient verification, initiates a send transaction according to the at least one send transaction specification.12-20-2012
20120323789MANAGING RECURRING PAYMENTS FROM MOBILE TERMINALS - Equipments and methods are disclosed for facilitating service provisioning in a system that comprises a payment processor, a number of service providers and a mediator that mediates information exchange between the payment processor and service providers, and a mobile terminal operated by payment card holder. In some implementations, service provisioning can be facilitated in cases wherein the payment processor must reside in a strictly regulated Payment Card Industry (PCI) compliant environment and the service providers operate servers that are not PCI-compliant.12-20-2012
20120323786METHOD AND SYSTEM FOR DELAYED AUTHORIZATION OF ONLINE TRANSACTIONS - According to an embodiment of the present invention, a method of authorizing a transaction includes providing a processor, receiving a request for a proposed transaction from an entity, and retrieving a list of devices associated with the entity. The method also includes transmitting a notification related to the proposed transaction to the devices associated with the entity. The method further includes determining, using the processor, (a) that an approval is received from all the devices associated with the entity, or (b) that a predetermined time period has expired, and (c) transmitting an approval of the proposed transaction to a transaction processor. Or, determining, using the processor, (a) that a rejection is received from one or more of the devices associated with the entity; and (b) transmitting a disapproval of the proposed transaction to the transaction processor.12-20-2012
20120323787SYSTEMS AND METHODS FOR FIXED FORM CARD TO VIRTUAL CARD COMMUNICATION - System and methods for converting a fixed form card to a virtual card are disclosed herein. The system includes a virtual card manager and a user computing device communicatively coupled via a network. The virtual card manager may be configured to convert a fixed form card to a virtual card, and the user computing device may be configured to initiate a virtual card conversion request via a virtual card engine stored in mass storage and executable by a processor. As such, a stored value of the fixed form card may be transferred to the virtual card in a secure manner.12-20-2012
20120323784DYNAMIC PAYMENT GENERATOR - Apparatus and methods for providing a dynamic payment generator are provided. A customer of a financial institution may desire to conduct a transaction involving a transferor or transferee financial institution without prior knowledge regarding unique and specific information required by the transferor or transferee institution. In some embodiments, apparatus and methods may detect information entered by the customer and dynamically prompt the customer for additional information required by the transferor or transferee institution. Apparatus and methods may pre-fill fields on a form displayed to the customer with information required by the transferor or transferee institution.12-20-2012
20110225091METHODS, SYSTEMS, AND COMPUTER READABLE MEDIA FOR TRANSACTIONAL FRAUD DETECTION USING WIRELESS COMMUNICATION NETWORK MOBILITY MANAGEMENT INFORMATION - Methods, systems, and computer readable media for detecting transactional fraud can involve, for a transaction associated with a first transaction location and account holder, receiving a request for mobile location information associated with the account holder. Mobile location information associated with the account holder may then be obtained, wherein the mobile location information is derived from mobility management signaling messages or other data associated with a mobile communication device used by the account holder. The mobile location information associated with the account holder can then be provided to the requestor. The mobile location information may be compared against the first transaction location to determine, at least in part, whether the transaction is fraudulent.09-15-2011
20120323783Method and System for Customizing Fraud Detection - A user interface is used to customize fraud rules. In the interface, the user sets a customized threshold trigger and a customized limit trigger for a fraud rule set. The fraud rule set is applied to an action. Triggering the threshold trigger by the action causes a threshold trigger report to be generated and allows the action. Triggering the limit trigger by the action denies the action.12-20-2012
20110238577CONDITIONAL BALANCE MANAGEMENT FOR NON-ISSUER DEBIT INSTRUMENTS - A computer receives information about a debit account controlled by a third-party issuer, a user owing the account and instructions for managing the account after a specified trigger date. Operating according the instructions, an unknown remaining balance in the account may be exhausted after the trigger date has passed, using a sequence of charges responsive to the initial balance, to the last charge amount completed or attempted, and to whether or not the last charge amount is accepted. In the alternative, or in addition, the account may be managed to convert the remaining balance to a non-monetary coupon (e.g., “virtual currency”) for use in an online computer game or the like, after the trigger date.09-29-2011
20110238576ACCOUNT PERMANENCE - A system and method for using derived account identifiers. The derived account identifiers are associated with a single permanent account identifier. Each derived account identifier is associated with a communication channel or portable consumer device.09-29-2011
20120278236SYSTEM AND METHOD FOR PRESENTMENT OF NONCONFIDENTIAL TRANSACTION TOKEN IDENTIFIER - A method and system for completing a purchase transaction includes receiving the non-confidential number to effect a purchase transaction from a caller identifier and requesting that a value account associated with the non-confidential number be debited, wherein the debit amount is associated with the purchase transaction. A request for authorization is transmitted to an operator of at least one of portable computing device and a landline phone, wherein the request seeks authorization to debit the value account. The at least one value account may comprise a credit account in which the telephone number may form part of the primary account number (PAN) governed by the ISO/IEC 7812 card number standard.11-01-2012
20120089517LOCATION BASED TRANSACTION - A method for executing a wireless trade is provided that includes communicating with a handheld device via a wireless network and sending and receiving financial information to and from the handheld device. The financial information is associated with a trade that can be initiated by the handheld device. The method also includes authorizing the handheld device through location data, which is associated with a location of the handheld device, before executing the trade.04-12-2012
20120089516Method and system of processing financial transaction - A system for processing financial transaction includes two or more financial transaction devices, a management control linked with a financial institution network, and a financial transaction network linking the financial transaction devices with the management control, wherein the financial transaction devices are communicatively linked with each other. The financial transaction devices of a payer and a payee respectively obtain financial information of the payer and the payee. The financial information of the payer, the financial information of the payee, and payment amount of the financial transaction are consolidated in the financial transaction device to generate payment information, which is sent together with a request for financial transaction by the financial transaction device to the management control. The management control transact the payment from an account of the payer regarding to the financial information thereof to an account of the payee regarding to the financial information thereof through the financial institution network for processing the financial transaction between the payer and the payee.04-12-2012
20120089515IDENTIFICATION LEVEL GENERATION METHODS AND SYSTEMS - According to the invention, a method for approving financial transactions involving money transfer agents and individuals is disclosed. The method may include receiving a request to conduct a money transfer at a money transfer agent location characterized by a first quality level. The method may include determining that the money transfer requires a minimum agent quality level, and a minimum identification quality level of identification of the individual. The method may include inspecting a form of identification characterized by a second quality level of the requestor. The method may include comparing the first quality level to the minimum agent quality level to verify that the agent location is qualified and the second quality level to the minimum identification quality level to verify that the identification is sufficient. The method may include initiating the money transfer upon verifying that the agent location is qualified and that the identification is sufficient.04-12-2012
20110276489ELECTRONIC TRANSACTION FRAUD PREVENTION - A card fraud prevention network and method are provided. The network includes a plurality of network-connected data processing terminals, including at least one server. Electronic authorisation requests are received for authorising the processing of an electronic transaction associated with a cardholder's card data or account data. The received requests are filtered according to predetermined or configurable criteria. A cardholder terminal is identified, to which the request is sent in order to notify the cardholder that processing of an electronic transaction is proposed, a parameter of which is the cardholder's card data or account data. Means are provided for interrupting processing of the, or any further, electronic transaction with that card data or account data, should the request correspond to an unauthorised transaction.11-10-2011
20110276488METHOD OF CREDIT CARD TRANSACTION AUTHORIZATION USING VOIPOW TECHNIQUE - A method of credit card transaction authorization using VoIPoW phone is provided to efficiently and economically perform authorization by both recognizing a credit card and identifying a holder of the credit card, which key feature of the method is that the VoIPoW phone is independent of environmental barriers, time as well as space limitations and communication costs, and a real-time intercommunication between a card holder and a relevant card issuing bank through VoIPoW phone can be performed to effectively preclude credit card fraud.11-10-2011
20110276487SYSTEM AND METHOD INCLUDING CHIP-BASED DEVICE PROCESSING FOR TRANSACTION - Present embodiments are directed to a server computer. The server computer establishes a first channel of communication to receive payment device data in a first format (e.g., chip type) and establishes a second channel to receive the payment device data in a second format (e.g., legacy type). The server computer receives an authorization request message in the second format from a merchant and generates a new authorization request message in the first format. The server computer then forwards the new authorization request to the issuer for approval.11-10-2011
20110276485METHOD OF ESTABLISHING IDENTITY VALIDATION BASED ON AN INDIVIDUAL'S ABILITY TO ACCESS MULTIPLE SECURE ACCOUNTS - A system and methods that enables and utilizes the conversion of an individual's ability to access multiple secure accounts to establish and validate the individual's digital primary identity. The control for the digital primary identity validation is user-centric so that the individual controls the amount of information supplied and therefore the level of assurance achievable. The level of assurance can be added to the digital primary identity. An identity card for digital primary identity validation can be used online or in-person. Validation and level of assurance is reviewed regularly or continuously. Levels of assurance can be increased by validating primary sources of identification.11-10-2011
20110276484IDENTITY VERIFICATION SYSTEMS - Identity verification systems and methods for remotely verifying a user's identity are disclosed. In some exemplary embodiments, the identity verification systems and methods may be used to verify an identity for a remote transaction. An exemplary embodiment of the system may comprise a capture unit, a delivery unit, a verification unit, a transaction unit, and a user account associated with the user. The capture unit may capture one or more verification images of the user, an identification document, and one or more other financial or identification documents. The delivery unit may transmit the verification documents to a server assembly. The verification unit may provide verification of the user's identity based on the verification images. The transaction unit may determined whether a transaction requested via the user's user account qualifies for verified status based on identity verification and, accordingly, whether the transaction should be afforded predetermined privileges of verified status.11-10-2011
20120330837ACCOUNT LINKING SYSTEM AND METHOD - Embodiments of the invention are directed to a relationship payment system that allows the establishment of a linked relationship between a primary account of a primary user and a secondary account of a secondary user. The relationship payment system allows a primary user to designate a portion of a credit limit of a primary user's account to grant to a secondary user's account. Transactions are authorized against secondary user's account, and then ultimately clearing and settlement for the transactions is conducted against the primary user's account.12-27-2012
20120095913Overdraft Payment Balance Exception Processing - A system for managing and processing exceptions to shared global treasury limits across multiple different platforms can be utilized by an organization to eliminate inconsistent client experiences and increase overall operating efficiency. A management and processing system can decision transactions of clients (e.g., customers, users, members, account-holders, clients, etc.) through a combination of straight-through and manual processes that are utilized according to select qualifying criteria. The system provides for auto-decisioning of low-risk, low-amount transactions while enabling authorized users to manually decision and otherwise manage transactions through various workflow-driven graphical user interfaces (GUIs). The GUIs can be configured to allow transaction approvers to standardize workflow for manual processing and approval of transactions that cannot be entirely decisioned by, or are exempt from, automated straight-through processing and can further be configured to provide users with numerous viewing, reporting, routing, tracking and decision override capabilities.04-19-2012
20120095919SYSTEMS AND METHODS FOR AUTHENTICATING ASPECTS OF AN ONLINE TRANSACTION USING A SECURE PERIPHERAL DEVICE HAVING A MESSAGE DISPLAY AND/OR USER INPUT - Systems and methods for authenticating aspects of an online transaction using a secure peripheral device having a message display and/or user input are provided. One such method for establishing a secure communication channel between a computer peripheral device and a host includes responding to requests to authenticate the peripheral device, authenticating the host, receiving one or more messages from the host, displaying the one or more messages on a display of the peripheral device, receiving user input in response to the one or more messages, sending the user response to the host.04-19-2012
20120095917SYSTEM AND METHOD FOR PERFORMING SECURE CREDIT CARD PURCHASES - A method and system of performing secure credit card purchases in the context of a remote commercial transaction, such as over the telephone, wherein only the customer, once generally deciding upon a product or service to be purchased, communicates with a custodial authorizing entity, such as a credit card company or issuing bank wherein such entity has previous knowledge of the credit card number as well as custodial control of other account parameters such as interest rate, payment history, available credit limit etc. The customer supplies the custodial authorizing entity with the account identification data such as the credit card number and a requested one of a possible plurality of predetermined payment categories which define the dollar amount for the purchase and specific, predetermined time parameters within which authorization by the custodial authorizing entity will remain in effect. The custodial authorizing entity then generates a transaction code which is communicated exclusively to the customer wherein the customer in turn communicates only the transaction code to the merchant instead of a credit card number. The transaction code is indicative of merchant identification, credit card account identification and a designated one of the plurality of predetermined payment categories.04-19-2012
20120095916Payment methods with a payment service and tabs selected by a first party and opened by a second party at any geographic location of the first party's mobile device - A method of paying a second party is provided. A first party accesses the names of one or more qualified second parties. The qualified second parties are second parties that, (i) have an association with the payment service, and (ii) second parties that if they do not have an established association with the payment service then they have established one prior to payment. The first party has an association with the payment service. A tab is opened by the first party that can be selected by the qualified second party at any geographic location of a first party's mobile device. The qualified second party is only able to charge a first party's financial account when the first party's mobile device is within a defined geographic area. The tab is a relationship between the first party, the payment service and the qualified second party, The qualified second party can engage in a financial transaction with the first party is within the defined geographic area.04-19-2012
20120095915Read head device with selected sampling rate - A read head is provided that is configured to be coupled to a mobile device. The read head has a slot for swiping a magnetic stripe of a financial transaction card. The slot is utilized for a financial transaction between a buyer and seller and reads data on the magnetic stripe. A signal is produced indicative of data stored on the magnetic stripe, An output jack of the read head is adapted to be inserted at least one of the audio input port or microphone input port of the mobile device. The output jack delivers the signal to the mobile device. A sampling rate of the signal at the audio input port or a line input port of the mobile device is at least 15 kHZ.04-19-2012
20120095914Systems and methods for financial transaction through miniaturized card reader with decoding on a seller's mobile device - A financial transaction card reader device includes a housing having a slot for swiping a magnetic stripe of a financial transaction card to complete a financial transaction between a buyer and seller. A read head is in the housing, reads data stored on the magnetic stripe and for produces a signal indicative of data stored on the magnetic stripe. An output jack is adapted to be inserted into a microphone input associated with a seller's mobile device for providing the signal indicative of data stored on the magnetic stripe to the mobile device. The signal is decoded in the mobile device.04-19-2012
20120330839TRANSACTION PROCESSING - A transaction processing system for the real time authorization of payment transactions, The system comprises a verification system (12-27-2012
20120330838SYSTEM AND METHOD FOR PROCESSING TOKENLESS BIOMETRIC ELECTRONIC TRANSMISSIONS USING AN ELECTRONIC RULE MODULE CLEARINGHOUSE - Herein is described a tokenless biometric method for processing electronic transmissions, using at least one user biometric sample, an electronic identicator and an electronic rule module clearinghouse. The steps for processing of the electronic transmissions comprise of a user registration step, wherein a user registers with an electronic identicator at least one registration biometric sample taken directly from the person of the user.12-27-2012
20120330836SYSTEMS AND METHODS FOR GESTURE-BASED INTERACTION WITH COMPUTER SYSTEMS - The present disclosure facilitates gesture-based interaction with a computer-system. The method may comprise pairing a transaction account with a likeness, receiving the likeness and a transaction request based upon the location of a marker in three dimensional space, retrieving the transaction account paired with the likeness, and approving the transaction request at least partially based upon the transaction account and the likeness.12-27-2012
20120330835SYSTEMS AND METHODS FOR GESTURE-BASED INTERACTION WITH COMPUTER SYSTEMS - The present disclosure facilitates gesture-based interaction with a computer-system. The method may comprise pairing a transaction account with a likeness, receiving the likeness and a transaction request based upon the location of a marker in three dimensional space, retrieving the transaction account paired with the likeness, and approving the transaction request at least partially based upon the transaction account and the likeness.12-27-2012
20120330841DEVICE AND METHOD FOR FACILITATING FINANCIAL TRANSACTIONS - A device, system, and method for conducting a secure transaction over a network includes receiving from a user, being issued a stored-value financial instrument, a dollar amount to be associated to the stored-value financial instrument, communicating the dollar amount to a debit agent residing on a network processing and communication device, receiving at the debit agent a selection of a non-integrated financial institution selected from a list that includes at least one non-integrated financial institution, receiving at the debit agent a financial-institution user-identifier from the user, communicating the financial-institution user-identifier from the debit agent to the selected non-integrated financial institution, participating in a user-free electronic dialogue between the debit agent and the selected non-integrated financial institution, the dialogue including a request to transfer funds from the selected non-integrated financial institution, and transferring, with the debit agent, the funds from the selected non-integrated financial institution to the stored-value financial instrument.12-27-2012
20120330840CONFIGURABLE SYSTEM AND APPARATUS FOR RENDERING PAYMENT DECISIONS AND TRIGGERING ACTIONS - A computer-implemented method for controlling a payment transaction from a payer to a payee includes submitting a request for payment to a data processing machine, the request for payment including a set of submitted transaction characteristics for the payment transaction; and comparing, in the data processing machine, at least a portion of the set of submitted transaction characteristics to a set of predetermined transaction characteristics that are specific to the payer to determined a first payment decision for the payment transaction.12-27-2012
20120330834SYSTEMS AND METHODS FOR GESTURE-BASED INTERACTION WITH COMPUTER SYSTEMS - The present disclosure facilitates gesture-based interaction with a computer-system. The method may comprise pairing a transaction account with a likeness, receiving the likeness and a transaction request based upon the location of a marker in three dimensional space, retrieving the transaction account paired with the likeness, and approving the transaction request at least partially based upon the transaction account and the likeness.12-27-2012
20110307384MULTI CURRENCY EXCHANGES BETWEEN PARTICIPANTS OF A NETWORK-BASED TRANSACTION FACILITY - A method and apparatus for facilitating online payment transactions in multiple currencies between participants of a network-based transaction facility are described. In one embodiment, a set of balances in different currencies within a user account of a user is presented. An indication from the user to transfer funds between two balances of the set of balances in the user account is received. A current exchange rate for conversion between currencies of the two balances is provided. An approval from the user to perform the transfer of funds between the two balances is received. In response, the transfer of funds between the two balances is performed.12-15-2011
20120330832SYSTEMS AND METHODS FOR GESTURE-BASED INTERACTION WITH COMPUTER SYSTEMS - The present disclosure facilitates gesture-based interaction with a computer-system. The method may comprise pairing a transaction account with a likeness, receiving the likeness and a transaction request based upon the location of a marker in three dimensional space, retrieving the transaction account paired with the likeness, and approving the transaction request at least partially based upon the transaction account and the likeness.12-27-2012
20120290480ELECTRONIC PAYMENT USING TRANSACTION IDENTITY CODES - A method for making payments utilizes a server that has a unified transaction identification system. Upon receiving an offer of a transaction from a payee, the server generates a unique transaction identity on behalf of the payee, encodes the unique transaction identity into an encoded image, and sends the image to a transaction initiating terminal to be displayed to a payer. The payer uses a mobile device to scan the displayed encoded image, repackages the transaction identity and the buyer's payment method information into an acceptance, and sends the acceptance to the server, which identifies the transaction according to the unique transaction identity, and allows a payment to be made according to the identified transaction from a payer financial account to a payee financial account.11-15-2012
20110320355VALUE TRANSFER WITH IDENTITY DATABASE - A value transfer system and methods are disclosed. A sending entity may initiate a cross-border value transfer by authenticating with an authentication system, where the authentication system communicates with an identity database populated with profiles for the sending entity and a recipient entity that contain government data, where the government data is used in the authentication process.12-29-2011
20110320354SYSTEMS AND METHODS FOR ASYNCHRONOUS MOBILE AUTHORIZATION OF CREDIT CARD PURCHASES - An exemplary system includes an asynchronous transaction authorization (“ATA”) subsystem configured to record prior approval of transaction parameters from the account holder(s) and approve a transaction with congruent parameters within a subsequent defined time period. If the parameters of a transaction attempt have not been previously authorized by the account holder(s), the parameters of the requested transaction are stored and the transaction is rejected. The ATA subsystem then queries all associated account or card holders (“ACHs”) providing the parameters of the attempted transaction. Upon authorization from the required ACHs, which is a predefined subset of all the associated ACHs, the purchaser and all ACHs may be notified of approval. The subsequent attempted transaction with congruent parameters will be authorized. Authorization will no longer be active after the subsequent transaction has been approved or a time, delta, has lapsed. In some examples, the authorization hierarchy is slightly different, e.g., domestic and commercial use.12-29-2011
20110320353MULTI-USER DEVICE WITH INFORMATION CAPTURE CAPABILITIES - Methods and systems, related to a biometrically secured user input device for conducting a transaction are described. The user input device may comprise a biometric authentication device. At the biometrically secured user input device, a biometric sample may be received from a user. The biometrically secured user input device may transmit the biometric sample, provided by the user, to a host computer system. The host computer system may compare the biometric sample provided by the user to another biometric sample. Handwriting data from the user may then be received by the user input device. The handwriting data may be transmitted to a computer system by the user input device. Transaction data based on the handwriting data may be transmitted from the computer system to a host computer system. The financial transaction may be conducted using the transaction data transmitted to the host computer system from the computer system.12-29-2011
20110320352BIOMETRICALLY SECURED USER INPUT FOR FORMS - Systems and methods for collecting biometrically secured financial form data from a user are described. A user input device may receive biometric data from the user. The user may be presented with a visual medium. The visual medium may contain a plurality of fields for information necessary to conduct a financial transaction. Handwriting data may be received from the user. At least a portion of the handwriting may represent information corresponding to the plurality of fields for information necessary to conduct the financial transaction. At least a portion of the information corresponding to the plurality of fields for information necessary to conduct the financial transaction may be transmitted from the user input device to a computer system.12-29-2011
20120101944SYSTEM AND METHOD FOR PROCESSING MEDIA GIFTS - Various techniques are provided for the gifting between multiple electronic devices of media content provided by an online digital media provider. An offer and acceptance of a selected gift file is accomplished between a gifter device and a receiving giftee device using a near-field communication (NFC) connection. If a connection to the online provider is available, the gifter device may transmit a gift request by which the gifter's account is charged for the gift file. Thereafter, a gift file created using DRM keys associated with the giftee's account may be downloaded to the giftee device. If a network connection is unavailable, the giftee device may transfer a locked gift file and a corresponding gift license to the giftee device using a peer-to-peer connection. The giftee device may authenticate the license and unlock the gift file once a connection to the online provider is available.04-26-2012
20120330833SYSTEMS AND METHODS FOR GESTURE-BASED INTERACTION WITH COMPUTER SYSTEMS - The present disclosure facilitates gesture-based interaction with a computer-system. The method may comprise pairing a transaction account with a likeness, receiving the likeness and a transaction request based upon the location of a marker in three dimensional space, retrieving the transaction account paired with the likeness, and approving the transaction request at least partially based upon the transaction account and the likeness.12-27-2012
20120101945IDENTITY VERIFICATION SWITCH - Methods, systems, and machine-readable media are disclosed for an identity verification switch. According to one embodiment, the method comprises receiving from an inquirer a request to verify an identity of an individual initiating a transaction. The request includes account information for an account subject to the transaction and identity information for the individual initiating the transaction. Based on the request, a verifying financial institution is selected from one or more participating financial institutions. The request is forwarded to the verifying financial institution for verification of the identity information. An answer is received from the verifying financial institution indicating results of verification of the identity information. The answer is returned to the inquirer.04-26-2012
20100198729METHODS, DEVICES AND BANK COMPUTERS FOR CONSUMERS USING COMMUNICATORS TO WIRE FUNDS TO SELLERS AND VENDING MACHINES - Methods for consumers to pay at the point of sale by using a personal communicator to wire transfer funds out of their bank account. The communicator is coupled to, and exchanges signals with a reciprocating communicator of the seller, which in turn is coupled to the seller's bank. This way the money is transferred as an EFT payment code directly from the buyer's bank to the seller's bank, where it may be considered direct deposited, without processing delays. Devices also include vending machines that can receive payment this way. Bank computers are provided with systems and software for enabling the above. The bank computers are accessible by telephone lines, and work with cooperating banks by exchanging signals, for transferring the funds. The seller's bank generates a payment confirmation code that is ultimately transmitted to the seller's satisfaction for releasing the goods at the point of sale.08-05-2010
20100174651METHOD AND SYSTEM FOR INITIATING AND/OR CONDUCTING A TRANSACTION THAT IS ASSOCIATED WITH AT LEAST TWO CORRESPONDING DECLARATIONS OF INTENT - The present invention relates to a method and a system for initiating and/or conducting a transaction that is associated with at least two corresponding declarations of intent, in particular a payment transaction, between at least two transaction parties via a processing unit (07-08-2010
20100174650ELECTRONIC SETTLEMENT SYSTEM, ELECTRONIC SETTLEMENT SERVER, NEGOTIABLE-VALUE PROVIDING APPARATUS, MOBILE COMMUNICATION TERMINAL, AND ELECTRONIC SETTLEMENT METHOD - The present invention provides an electronic settlement system which is similar to cash settlement and which is available even in a game hall. The present invention provides an electronic settlement system including an electronic settlement server, a mobile communication terminal, and a negotiable-value providing apparatus. In the electronic settlement system, the mobile communication terminal acquires, from the negotiable-value providing apparatus, an equipment ID identifying the negotiable-value providing apparatus. The mobile communication terminal then generates a settlement request message containing a user ID identifying a user, a transfer amount corresponding to consideration for a negotiable value, and the equipment ID. The mobile communication terminal then transmits the message to the electronic settlement server. According to the result of a check of the user's credit status, the electronic settlement server instructs the negotiable-value providing apparatus to provide a negotiable value corresponding to the transfer amount. The electronic settlement server further requests a transfer of an amount corresponding to the transfer amount from the user's account to a predetermined account. Upon receiving the instruction to provide the negotiable value from the electronic settlement server, the negotiable-value providing apparatus provides the user with rental balls, rental medals, or the like corresponding to the transfer amount.07-08-2010
20100169213METHODS AND SYSTEMS FOR DEPOSITING VALUE-BEARING INSTRUMENTS IN A FINANCIAL ACCOUNT, AND PRODUCTS THEREBY - Methods, systems and products thereby for depositing a value-bearing instrument in a financial account remotely from a financial institution are disclosed. The system may include a processor configured to receive an electronic image of the value-bearing instrument, determine a user's financial account information, and transmit the electronic image or a replica thereof to a financial institution for processing. The products include computer readable mediums for providing instructions to cause the processor to perform the operations above. As such, the methods, systems and products embodied in the present disclosure allow a user to deposit value-bearing instruments without traveling to their financial institution, and allow financial institutions to reduce in-person transactions and associated personnel costs while receiving timely deposits into their asset management control.07-01-2010
20100169216SYSTEMS AND METHODS FOR PROCESSING PAYMENTS WITH PAYMENT REVIEW FEATURES - Methods and systems of processing a plurality of payments. One method can include receiving the plurality of payments from a plurality of customers, the plurality of payments payable to at least one receiver, determining a first set of payments included in the plurality of payments to automatically accept based on validation parameters, determining a second set of payments included in the plurality of payments to reject based on the validation parameters, determining a third set of payments included in the plurality of payments to conditionally accept based on the validation parameters, and electronically prompting at least one user to accept or reject payments included in the third set of payments.07-01-2010
20100169215UNIVERSAL MERCHANT PLATFORM FOR PAYMENT AUTHENTICATION - A method is provided for supporting processing of a transaction conducted between a first party and a second party. The first party accepts payment via a plurality of different payment options selectable by the second party, and the plurality of different payment options are associated with a plurality of different authentication protocols prescribed therefor. The method includes: receiving payment information over a communications network at a server operatively connected to the communications network, the payment information identifying a particular payment option used by the second party for the transaction, and the server being equipped to format and route messages over the communications network in different manners to accommodate the plurality of different authentication protocols; determining from the payment information received at the server which of the different authentication protocols is prescribed for the type of payment option identified in the payment information; selecting, in accordance with the determination, a particular authentication protocol from the plurality of different authentication protocols supported by the server; and, obtaining an authentication determination for the transaction in accordance with the selected authentication protocol, including formatting messages and routing the formatted messages over the communications network in accordance with one or more mandates of the selected authentication protocol.07-01-2010
20130013514CUSTOMER CONTROLLED ACCOUNT, SYSTEM, AND PROCESS - Access devices like credit cards and/or check cards have enhanced security features that allow a customer to control circumstances under which their account is accessed. Fraudsters may try to access the account without the knowledge of the consumer set controls, the system takes remedial action with reduced instances of false positives. An account is established for an account holder through a central entity, e.g. an issuer. At least one user is associated with the access device that is established for one or more transactions. Use of the access devices is defined by a set of rules defined by the central entity and are controllable by the customer, including comprising any of the account holder and the user of the account. The customer inputs, controls, and/or updates parameters associated with the customer-controllable rules. Subsequent authorization of the access devices is controlled based on the customer input and other controls.01-10-2013
20130013513METHOD AND APPARATUS FOR CONSUMER DRIVEN PROTECTION FOR PAYMENT CARD TRANSACTIONS - Method and apparatus for facilitating a commercial transaction between an account holder and a merchant. The account holder has an account that is associated with respective account information. The account information includes at least one criterion for pre-authorizing a transaction. When the consumer initiates a purchase transaction, a transaction approval request is generated which includes information relating to the commercial transaction. A purchase approval entity compares the received transaction approval request to the account information to determine whether the at least one criterion for pre-authorizing the transaction is satisfied. The transaction approval request is denied when a determination is made that the at least one criterion for pre-authorizing the transaction is not satisfied.01-10-2013
20130013512SOFTWARE DEVELOPMENT KIT BASED FRAUD MITIGATION - A system and method for fraud prevention is provided. Specifically, an application program interface may be used in concert with an authorization request to process a transaction, to utilize fraud prevention tools. A system, method and/or computer program product for transmitting an authorization request and a request for fraud services to a transaction account issuer is disclosed. The transaction account issuer may combine the authorization request and request for fraud services in order to create an authorization response.01-10-2013
20130013510System, Method, and Apparatus for Creating and Distributing a Transaction Credit - An embodiment(s) of a system(s), method(s), and/or apparatus is presented for accepting requests for, determining approval of, and distributing transaction credit(s) (TC(s)). An embodiment of a system(s), method(s), and/or apparatus is presented for distributing a useable TC to a designated recipient in real time. An embodiment of a system(s), method(s), and/or apparatus is presented for providing a consumer a useable TC in any tangible form that may be known in the art, or that can be transferred via, stored in, or retrieved from an electronic format, or that can be physically fabricated by a consumer or transferee of the TC. An embodiment of a system(s), method(s), and/or apparatus is presented for providing a consumer or transferee of a TC notification of receipt of such a TC through a variety of notification means.01-10-2013
20130013509METHOD AND SYSTEM FOR PROCESSING MICROPAYMENT TRANSACTIONS - Methods and systems for performing micropayment transactions over communication networks is provided. These methods and systems enable ubiquitous micropayments by providing a seamless payment solution in which micropayment is one of a plurality of payments facilitated. In an embodiment, the transaction value may be compared to a predefined threshold, and processed as a micropayment if said value is less than said threshold, and otherwise processed using a second processing system. In another embodiment, the transaction may be processed as a micropayment if the payee has previously been verified by the micropayment processing system. In a third embodiment, the transaction takes place using the payee's website.01-10-2013
20130013507System to Create and Manage Payment Accounts - A hosted-software system including separate but integrated application modules configured to manage notification, validation, authorization, receipt, disbursement, and reporting of payment and transaction types processes and apply specialized and customizable business rules, access rights, and permissions configured to allow secure and definable transaction processing and other interactions between multiple related and disparate parties.01-10-2013
20130013506Variable Service Fee For Overdraft Protection - Systems and methods provide variable service fees for protection against overdraft of resources. The resources can be monetary or non-monetary and generally are associated with a service. Protection against overdraft relies at least on authorization of a request for an OD transaction, the request having one or more data indicative of a service transaction that triggers an overdraft condition leading to such request. Authorization or denial of such request is based on one or more rules applicable to the one or more data. For an authorized OD transaction, and based on at least one rule of the one or more rules, a variable service fee is assessed to an overdraft account linked to the overdraft transaction. Assessment of such fee affords protection against overdraft, which allows utilization of resources even in scenarios a resource allocation is exhausted.01-10-2013
20130013508SECURE MOBILE PAYMENT SYSTEM - The present invention provides a method for conducting a transaction that includes receiving a pseudo account identifier that corresponds to a primary account identifier. The pseudo account identifier may be received at a portable wireless device and may be generated by a remote server computer. The portable wireless device can receive the pseudo account identifier over a first network and provide the pseudo account identifier to an access device. The access devices generally comprises a reader that can receive the pseudo account identifier, and thereafter send a message to request authorization of a transaction. The authorization request message may include the pseudo account identifier and is sent to a payment processing network. The authorization request message is sent to the payment processing network over a second network. The payment processing network may then process the authorization message and return a response that indicates if the transaction is authorized or not.01-10-2013
20130013505TRANSACTION ENGINE REMOTE CONTROL - Apparatus and methods for controlling account access. The apparatus may include a receiver that is configured to receive from a customer an account access control instruction. The account access control instruction may change an access status of an account that holds funds belonging to the customer. The customer may be one of a plurality of customers of a financial institution. Each of the customers may own funds that are held in different accounts. The apparatus may include a processor. The processor may initialize an account access control program; and change the access status of the account between an activated state and a deactivated state. The processor may change the access status by transmitting a data object to an electronic payment platform.01-10-2013
20100153269SYSTEM, METHOD, APPARATUS AND COMPUTER PROGRAM PRODUCT FOR INTERFACING A MULTI-CARD RADIO FREQUENCY (RF) DEVICE WITH A MOBILE COMMUNICATIONS DEVICE - An interface for a mobile communication device is provided, including at least one memory unit configured to store read/write data associated with transaction accounts, at least one user interface software application, and at least one contactless communication protocol application. A radio frequency identifier unit having an antenna communicates with a radio frequency identifier reader through a contactless transaction account communications channel distinct from a mobile communications channel of the mobile communication device. An input/output interface unit communicates with a corresponding input/output interface unit of the mobile communication device and provide access to and control of the at least one memory unit and the radio frequency identifier unit by a processor of the mobile communication device.06-17-2010
20100131409IDENTIFICATION VERIFICATION WITH USER CHALLENGE - Methods and apparatus for conducting user identity verification are disclosed. An example method includes requesting, from a user, a name and user identifying information associated with the provided name. The example method also includes querying a trusted database based on the provided name and the user identifying information and determining if a match exists in the database between the provided name and the user identifying information. In the event a match exists, the example method includes presenting a challenge to the user, the challenge being based on the user identifying information and determining a verification status of the user's identity based on a result of the challenge. The example method further includes designating the user's identity as verified or unverified in accordance with the verification status.05-27-2010
20100131408System and Method of Validating a Relationship Between a User and a User Account at a Financial Institution - A system and method for validating a relationship between a user and a user account at a financial institution includes a data communication device, a memory, a processor coupled to the memory, and an account validation module executable by the processor. The account validation module generates a verification identifier for storage in the memory and is provided to the user, and subsequently receives a user initiated financial transaction involving the user account at the financial institution. The received financial transaction includes a comparison identifier supplied by the user. The account validation module determines whether the comparison identifier corresponds to the verification identifier for purposes of validating the relationship between the user and the user account maintained at the financial institution.05-27-2010
20130018799CONSTRUCTION PAYMENT MANAGEMENT SYSTEM AND METHOD WITH SUB-TIER DOCUMENT EXCHANGE AND APPROVAL FEATURES - Systems and methods for managing a construction payment process wherein a higher degree of functionality is provided to primary users and only a limited subset of functionality is provided to sub-tier contractors. One construction of the system is configured to receive an electronically signed document and a request for payment from the sub-tier contractor. The request for payment is presented to a first primary user who is a contractual parent of the sub-tier contractor. When approval of the request for payment is received, a payment is initiated from a project payor to the sub-tier contractor. In some embodiments, the project payor is a contractual grandparent of the sub-tier contractor and a contractual parent of the first primary user.01-17-2013
20130018798System and Methods for Facilitating Fund Transfers Over a Network - In accordance with embodiments of the present disclosure, systems and methods for facilitating financial transactions over a network include communicating with a financial institution over the network, wherein the financial institution includes a first user account related to a user. The systems and methods include receiving a fund transfer request from the financial institution on behalf of the user and establishing a second user account related to the user based on user information passed with the fund transfer request. The systems and methods include processing the fund transfer request by linking the first user account to the second user account based on the user information passed with the fund transfer request, receiving funds from the financial institution associated with the first user account, and depositing the received funds in the second user account on behalf of the user.01-17-2013
20130018797Authentication System and Authentication Method - In order to prevent leakage of an authentication symbol string such as a credit card number, and enable a user to be authenticated: an ID issuance server 01-17-2013
20130018796Multi-Channel Data Driven, Real-Time Anti-Money Laundering System For Electronic Payment Cards - Electronic payment card money laundering detection includes receiving real-time payment card transaction data from ingress channels and an egress channels of at least one payment card system through a first API; generating transactional profiles for each of at least payment cards, the ingress channel, the egress channels, and funding sources of the payment cards; in response to receiving transaction data for a current payment card transaction, evaluating the transaction data using a predictive algorithm that compares the transaction data to the transactional profiles to calculate a probabilistic money laundering score for the current transaction; evaluating the probabilistic money laundering score and current transaction data based on a set of rules to generate a suspicious activity report that recommends whether to approve or report the current transaction; and transmitting the suspicious activity report back to the payment card system and transmitting the suspicious activity report to an identified regulatory body.01-17-2013
20130018792PARENTAL CONTROLS - Various techniques are provided for establishing financial transaction rules to control one or more subsidiary financial accounts. In one embodiment, a financial account management application stored on a processor-based device may provide an interface for defining financial transaction rules to be applied to a subsidiary account. The financial transaction rules may be based upon transaction amounts, aggregate spending amounts over a period, merchant categories, specific merchants, geographic locations, or the like. The device may update the financial transaction rules associated with a subsidiary account by communicating the rules to an appropriate financial server. Accordingly, transactions made using the subsidiary account by a subsidiary account holder may be evaluated against the defined rules, wherein an appropriate control action is carried out if a financial transaction rule is violated.01-17-2013
20130018789Systems and methods for estimating the risk that a real-time promissory payment will defaultAANM Kaufmann; BernhardAACI St. MargrethenAACO CHAAGP Kaufmann; Bernhard St. Margrethen CH - Systems and methods are set forth for estimating the risk on-line promissory payment transaction (PPT) will default. A systematic approach is set forth using aspects of human survival behavior under stressful life situations enhanced with transaction velocity settings and parameterized business rules before an actual payment is deposited at a financial institution.01-17-2013
20130018795Multi-Channel Data Driven, Real-Time Fraud Determination System For Electronic Payment Cards - Exemplary embodiments for detecting electronic payment card fraud include receiving real-time payment card transaction data from ingress channels and an egress channels of at least one payment card system through a first application programming interface (API); generating transactional profiles for each of at least payment cards, the ingress channel, the egress channels, and funding sources of the payment cards; in response to receiving transaction data for a current payment card transaction, evaluating the transaction data using a predictive algorithm that compare the transaction data to the transactional profiles to calculate a probabilistic fraud score for the current transaction; evaluating the probabilistic fraud score and the current transaction data based on a set of rules to generate a recommendation to approve, decline or review the current transaction; and transmitting the recommendation back to the payment card system via a second API.01-17-2013
20130018794MOBILE COMMUNICATION DEVICE BASED MONETARY TRANSFER SYSTEM - Systems and methods are disclosed for performing transactions using secure images. A device may collect transaction details and initiates the creation of a secure image. Upon creation of the secure image, the device may provide the secure image to second device participating in the transaction by displaying the secure image in a manner that allows the second device to capture the secure image or by providing the secure image in an electronic message. The second device may use the secure image to identify the transaction by providing the secure image to a secure server. Upon receiving the secure image, the secure server may provide transaction details to the second device. The second device may then send a confirmation of the transaction to the secure server, which may then complete the transaction. Use of the secure image allows the transaction to be performed without exposing sensitive transaction details.01-17-2013
20130018793METHODS AND SYSTEMS FOR PAYMENTS ASSURANCE - Payments assurance methods and systems are described. In some embodiments, a Proxy Service Manager Server computer receives a consumer authentication request from a merchant device, and transmits that request to an Authentication Service Manager Server computer. The Proxy Service Manager Server computer then receives a non-repudiable accountholder authentication value (“AAV”) token, generates a payment authorization request that includes the AAV token, and transmits the payment authorization request to an Acquirer financial institution (FI) Server computer. The Proxy Service Manager Server computer is then operable to receive a payment authorization message, and to transmit the payment authorization message to the merchant device to enable a merchant to complete a purchase transaction with a consumer.01-17-2013
20130018791FRAUD DATA EXCHANGE SYSTEM - A fraud data exchange system performs a method for processing a transfer request using shared fraud data including receiving a transfer request comprising information corresponding to an account to be debited and information corresponding to an account to be credited, approving the information corresponding to the account to be debited, and accessing a database to retrieve fraud data. The database includes fraud data shared among two or more financial institutions, and the fraud data includes a plurality of entries, each entry corresponding to one or more accounts and comprising one or more data fields. Each data field corresponds to a characteristic of the accounts and tends to indicate whether the transfer request is fraudulent. The method includes determining a likelihood of fraudulent activity, based on the accessed fraud data and determining, based at least in part on the determined likelihood of fraudulent activity, whether to complete the transfer.01-17-2013
20130018790UNIVERSAL ADDRESSING SCHEMEAANM Gururajan; RaghuramAACI San JoseAAST CAAACO USAAGP Gururajan; Raghuram San Jose CA US - A method and a system for a universal addressing scheme are described. A physical address validation module retrieves and validates a physical address associated with an e-mail address received from a third party server. A financial transaction validation module retrieves a financial account associated with the e-mail address and operates a financial transaction on the financial account. A third party authentication module authenticates the third-party server prior to communicating the physical address and operating the financial transaction to the third-party server.01-17-2013
20090150286POINT OF SALE AUTOMATIC SAVINGS PROGRAM CONTRIBUTION SYSTEM USING BIOMETRICS PAYMENT AND AUTHENTICATION WITH SMART CARDS, ELECTRONIC PAYMENT, AND WIRELESS MECHANISMS - The present invention relates to integrated financial network systems and more particularly pertains to a biometrics automatic method of automatically contributing monies by means of actual cash or electronic cash equivalents into an investment, savings, purchasing, payment, charity, loan, mortgage, insurance premium, or loyalty program upon making a purchase using biometrics for identification of the purchaser, identification of contribution preferences, and authentication. The invention includes a computer implemented method of processing a financial transaction executed by first person including identifying the person via biometric identification and verification methods, using biometric identification and financial transaction information to access user payment accounts, preferences for contribution, determining an automatic savings amount from the financial transaction by applying a contribution calculation, and contributing the calculated amount to an investment, savings, purchasing, payment, charity, loan, mortgage, insurance premium, or loyalty account. transactions, applying a pre-specified fixed dollar amount for each occurrence of a completed transaction, applying a pre-specified fixed dollar amount and total number of occurrences of a plurality of completed transactions, applying a percentage of a purchase amount of an individual pending transaction in the hands of a payment clearinghouse or payment instrument issuer, applying a pre-specified fixed dollar amount for each individual occurrence of a pending transaction in the hands of a payment clearinghouse or payment instrument issuer, applying a specified dollar amount for the transaction event, rounding up transactions to a higher amount increment, or rounding up plurality of completed transactions.06-11-2009
20110161230System and Method for Processing Payment Transaction Receipts - Embodiments of the invention are directed to systems and methods for processing payment transaction receipts. When an authorization request message for a transaction of a consumer is received, it is determined whether an account associated with the consumer's portable consumer device is enrolled in an electronic receipt program. If the account is enrolled, an electronic receipt for the transaction is sent to the consumer.06-30-2011
20110161229SYSTEMS AND METHODS FOR PROCESSING A CONTACTLESS TRANSACTION CARD - Embodiments of the invention relate to systems and methods for processing a contactless card transaction. In one embodiment, a method for processing a contactless transaction card can be provided. The method can include receiving an input associated with a selection of at least one payment option. Further, the method can include based at least in part on the input, activating a contactless transaction card reader and initiating a corresponding transaction application program. In addition, the method can include receiving account information from the contactless transaction card via the contactless transaction card reader. Moreover, the method can include advancing a transaction counter associated with the contactless transaction card and a transaction counter associated with the corresponding transaction application program.06-30-2011
20130173467METHODS AND SYSTEMS FOR USING A CO-LOCATED GROUP AS AN AUTHORIZATION MECHANISM - Systems and methods to enable a co-located group to be used as an authorization mechanism are discussed. For example, a method to receive a group account configuration, define a group account according to the group account configuration, receive a transaction authorization request associated with the group account, and authorize payment from the group account. The account configuration including a membership list and a target location. The method further including determining whether the transaction authorization request includes data identifying an identified user on the membership list. The method also including determining whether the identified user on the membership list is physically proximate to the target location. The authorizing payment from the group account including verifying that the identified user is determined to be physically proximate to the target location.07-04-2013
20130173468FINANCIAL SERVICE INVOLVING COVERAGE NETWORK - Embodiments of the present invention relate to methods and apparatuses for providing a financial service that involves a coverage network. For example, in some embodiments, a method is provided that includes: (a) receiving transaction information, where the transaction involves an account and a holder of the account; (b) determining, based at least partially on the transaction information, that the account does not have sufficient funds or credit to cover the transaction amount; (c) prompting a member of a coverage network to consent to covering at least part of the transaction amount, where the coverage network is associated with the account or the holder, and where the prompting occurs after the determining that the account does not have sufficient funds or credit; (d) receiving the member's consent to covering at least part of the transaction amount; and (e) authorizing the transaction based at least partially on the member's consent.07-04-2013
20080255992Double recognizing method by means of telephone number and identification code for online credit card transactions over the internet - The present invention relates to a “double recognizing method by means of telephone number and identification code for online credit card transactions over the internet,” in which the credit card holder not only registers a “self-chosen code” by himself/herself for VBV (Verified By VISA) or MSC (MasterCard SecureCode) network identity verification but also registers another set of “telephone number and identification code” by himself/herself for serving as an exclusive personal double identity recognizing information for online credit card transactions. The credit card issuing bank registers and stores the set of “telephone number and identification code” on a double recognizing database after checking truth of the related identity certificate provided by the credit card holder. When the credit card issuing bank handles the online credit card transaction of the credit card holder over the network, the credit card issuing bank not only proceeds the check on the “self-chosen code” used in the original VBV or MSC verification system but also performs the double check on the “telephone number and identification code” used in the telecommunications transceiving processor platform of the internal credit card double recognizing computer system, for example by sending out a short message to the credit card holder for requesting him/her to immediately reply by another short message to his/her “telephone number and identification code.”10-16-2008
20080249941TRANSACTION CARD SYSTEM AND APPROACH - A deferred-type payment approach facilitates transaction card management and processing. According to an example embodiment, a user's transaction card purchases are authorized against a purchase limit associated with a consideration-bearing (e.g., interest-bearing) account. The purchases are tracked and, at the end of a billing cycle, provided to the user via a statement or other informative approach. During a payment time period after the end of the billing cycle, the user is afforded an opportunity to review tracked purchases and provide funds to cover the purchases. If the user does not provide funds for the purchases during the payment time period, funds are automatically transferred from the consideration-bearing account to cover the purchases at the end of the payment time period. In this regard, purchases made with the transaction card against the consideration-bearing account are not assessed against the consideration-bearing account until after the billing cycle has ended.10-09-2008
20090307133Online Payment System for Merchants - A payment system that utilises the Internet to gain access to an Internet banking system enabling a user to purchase merchandise bought through an online merchant or merchant who has Internet access in their store is disclosed. The payment system may also be utilised to provide a means for a user to retrieve and view balances and account transaction information for their bank accounts and to transfer funds between accounts. The system uses a “virtual pin-pad” which provides a web-based, stand-alone method of payment that is independent of banks and capable of performing real-time currency conversions.12-10-2009
20080235136SYSTEM FOR PERSONAL AUTHORIZATION CONTROL FOR CARD TRANSACTIONS - An authorization system allows for cardholder-provided parameters to a personal authorization subsystem. The parameters can be selected by the cardholder to limit the authorizations that would otherwise be granted on the card. The parameters can indicate limits by frequency, dollar amount, merchant, geographic location, time of day, combinations thereof, or the like. Authorization for a given transaction, even where authorized by an issuer and a network operator, might be denied based on self-constraints set by the cardholder. In some variations, messages are sent to the cardholder based on constraints set by the cardholder and transactions might be approved and messaged, or denied and messaged.09-25-2008
20080228648SYSTEM FOR PERSONAL AUTHORIZATION CONTROL FOR CARD TRANSACTIONS - An authorization system allows for cardholder-provided parameters to a personal authorization subsystem. The parameters can be selected by the cardholder to limit the authorizations that would otherwise be granted on the card. The parameters can indicate limits by frequency, dollar amount, merchant, geographic location, time of day, combinations thereof, or the like. Authorization for a given transaction, even where authorized by an issuer and a network operator, might be denied based on self-constraints set by the cardholder. In some variations, messages are sent to the cardholder based on constraints set by the cardholder and transactions might be approved and messaged, or denied and messaged.09-18-2008
20130173466METHOD AND APPARATUS FOR UTILIZING RECOGNITION DATA IN CONDUCTING TRANSACTIONS - An approach is provided for utilizing recognition data in conducting service transactions.07-04-2013
20110246364SECURE EXCHANGE OF INDICIA OF VALUE AND ASSOCIATED INFORMATION - Secure exchange of value and associated information in financial transactions involving beneficial offers available for customers is provided. Various offers, including discounts, prepaid amounts, and the like may be purchased by customers for use with various merchants. A third party issuer obtains information from the customer in selling the offers and issues some kind of indicium of value having a representation of the value of the offer associated therein. Record of the indicia are maintained and either transmitted to the merchant or kept by the issuer or associated financial institutions. When the customer redeems the offer by presenting the indicium to the merchant, the merchant may either authenticate the indicium using the records received by the issuer, or establish communication with the issuer for the issuer to authenticate the indicium, either by itself or in cooperation with one or more related financial institutions.10-06-2011
20110246363TWO DEVICE AUTHENTICATION - In one embodiment, a transaction is authenticated by a payment provider, as opposed to a merchant, using two user devices without the user having to enter information, such as an email or password. When the user is ready to make a purchase from a merchant site, a unique transaction ID is created by the payment provider. That transaction ID, along with data about the transaction, such as specific items and cost, is automatically sent to the payment provider through a second device linked to the purchasing device. The payment provider compares the identifier from the sending device, such as the phone number, and the transaction ID with information stored in its database. If there is a match, the transaction/user may be approved or authenticated.10-06-2011
20110246368METHOD AND APPARATUS FOR A NO PRE-SET SPENDING LIMIT TRANSACTION CARD - A method and apparatus are provided for a no pre-set spending limit transaction card with features and attributes of both a credit card and a charge card, including an overlimit spend feature and an associated communicated line of credit. The transaction card may carry a balance like a credit card and may require that a card user pay down the balance carried forward to the line of credit subsequent to the end of each billing cycle. When the user has reached or exceeded the communicated line of credit, each subsequent transaction request for a new transaction by the user is evaluated on a case-by-case basis by a process that includes execution an overlimit spend authorization logic or process10-06-2011
20110246367Payment service to efficiently enable electronic payment - A method to forward a browser client is disclosed. The method comprises storing information at a payment service server. The information includes a return network address corresponding to a interface hosted by a merchant server. Next, the method performs the step of comparing the return network address that is included in the information to a reference return network address corresponding to the interface hosted by the merchant server and identifying whether the return network address matches the reference return network address. Finally, the method comprises forwarding the browser client to the interface hosted by the merchant server responsive to the identifying the match.10-06-2011
20110246366AUTHENTICATION USING TELECOMMUNICATIONS DEVICE - A method for authenticating a transaction being conducted remotely of a commerce server is disclosed. The method comprises selecting a telephone number from a pool of telephone numbers and making a telephone call to a registered telecommunications device, the telephone call being made with caller identification activated. A prompt is provided for the entry of at least a part of the telephone number as an authentication of the transaction. Upon the telephone number being entered within a set time the transaction is approved and effected.10-06-2011
20110246365SECURE EXCHANGE OF INDICIA OF VALUE AND ASSOCIATED INFORMATION - Secure exchange of value and associated information in financial transactions involving beneficial offers available for customers is provided. Various offers, including discounts, prepaid amounts, and the like may be purchased by customers for use with various merchants. A third party issuer obtains information from the customer in selling the offers and issues some kind of indicium of value having a representation of the value of the offer associated therein. Record of the indicia are maintained and either transmitted to the merchant or kept by the issuer or associated financial institutions. When the customer redeems the offer by presenting the indicium to the merchant, the merchant may either authenticate the indicium using the records received by the issuer, or establish communication with the issuer for the issuer to authenticate the indicium, either by itself or in cooperation with one or more related financial institutions.10-06-2011
20080222038Location Based Authentication System - An improved location based authentication (LBA) system for detecting fraudulent transactions committed by means of misuse of payment cards is disclosed. The improved LBA system performs a series of transaction analysis and generates a fraud-score which provides an indication as whether to authorize an attempted transaction. The system is designed to increase profitability of credit card companies by reducing the accumulated losses due to fraud. In one embodiment, the system detects fraud by analyzing the behavior patterns of card holders and merchants.09-11-2008
20130179348Cloud Enabled Payment Processing System and Method - A comprehensive platform for processing financial transactions is disclosed. The platform is a cloud based and comprises an application programming interface so that application developers can take advantage of the services provided by the framework. The platform replaces many of the expensive, outdated or inefficient aspects of traditional payment processing methods.07-11-2013
20130179344METHOD OF PROCESSING PAYMENTS - A method allowing a customer having registered payment account details with a service or product provider to place a purchase order and pay for a product or a service using a networked device such as a mobile phone. The customer may send, for example in a short messaging service (SMS) message, a product or service identifier identifying the product or the service to a designated telephone number to initiate a purchase. The identifier may for instance be an alphanumeric codeword included in an advertisement or a catalogue promoting the product or the service. In one embodiment, the purchase order system is a computer programme or software implemented as an application programming interface (API), which may be able to interface with a website of the product or service provider as well as communicating with a plurality of payment gateways.07-11-2013
20130179345PAYMENT SERVICE CAPABLE OF BEING INTEGRATED WITH MERCHANT SITES - A computer-implemented service integrates with merchant sites to enable registered users of the service to perform purchase transactions on the merchant sites. In one embodiment, a merchant can incorporate a reference to a display object served by the service into coding of a page of the merchant's site. When the page is loaded by a user's browser, the reference causes the browser to request the display object from the service for display on the page. If the user is recognized by the service, the service may return a personalized display object that includes functionality for the user to perform a purchase transaction using the service. Also disclosed are embodiments that enable users to initiate transfers of personal account information to the merchant sites.07-11-2013
20130179346HOSTED THIN-CLIENT INTERFACE IN A PAYMENT AUTHORIZATION SYSTEM - A methods and system of hosted thin-client payment authorization and authentication services for processing payments for value-added service (VAS) providers is described. A method, performed by a host server operating a thin-client device, includes receiving transaction request data at a host server computer from a thin-client device, where the transaction request data can include financial account data and biometric data. The host-server transmits a verification request message to a VAS provider and receives an indication that it is a valid merchant. The host-server transmits an authorization request message comprising the biometric data to a payment processing network (PPN), where the PPN communicates with an authentication server computer to validate the biometric data, sends the authorization request message to an issuer and receives an authorization response message from the issuer. The host-server receives the authorization response message from the PPN and sends a service fulfillment request to the VAS provider.07-11-2013
20130179347MOBILE APPLICATION FACILITATING MONETARY OR OTHER DONATIONS - The present invention relates to an application on a mobile phone or other portable digital device that allows a user to utilize a digital wallet to round up a purchase to the nearest dollar and then contribute that change to a third party, like a non-profit organization or fundraising campaign. In some embodiments, the present invention may be incorporated directly within a digital wallet on a mobile device. In other embodiments the present invention may be a stand-alone application on a mobile device that interfaces with a digital wallet.07-11-2013
20130179349Transaction Verification on RFID Enabled Payment and Transaction Instruments - A display enabled RFID tag (DERT) receives transaction details from the reader. DERT verifies that the details match their counterparts in the reader public key certificate. The process is aborted in case of a mismatch. DERT extracts and displays user-verifiable data. It then enters a countdown stage that lasts for a predetermined duration. A user observes the transaction information and, if the transaction amount and other details are deemed correct, presses an accept button provided on the DERT before the timer runs out. DERT signs the time-stamped transaction statement and sends it to the reader. This signed statement is then sent to the payment gateway and eventually to the financial institution that issued the payment DERT.07-11-2013
20090132416TAGGING VIRTUAL CURRENCY - Technologies are described herein for providing tagging virtual currency and processing payments made by the virtual currency. In an example, a virtual currency unit is received as payment for a good or service. Whether the virtual currency unit is associated with a tag is determined. Upon determining that the virtual currency unit is associated with a tag, whether the tag permits a utilization of the virtual currency unit as payment for the good or service is determined. Upon determining that the tag permits the utilization of the virtual currency unit as payment for the good or service, the payment of the virtual currency unit for the good or service is processed. Upon determining that the tag prohibits the utilization of the virtual currency unit as payment for the good or service, the payment of the virtual currency unit for the good or service is denied.05-21-2009
20130144789METHOD AND SYSTEM FOR MANAGING CREDITS VIA A MOBILE DEVICE - System and method for delivering upon request credits having monetary value to a mobile device using a communications network. An account of available credit for the user of the mobile device is maintained and authorization to issue credit is generated when a request for credit for the mobile device is received and there is available credit in the account associated with the mobile device equal to or greater than the requested credit. Credit may be offset, or sponsored, by one or more token providers and issued to the user, upon authorization, to enable the user to use the mobile device to purchase items, e.g., at a point of sale terminal.06-06-2013
20130144786PROVIDING VERIFICATION OF USER IDENTIFICATION INFORMATION - Providing verification is disclosed, including: receiving a verification request associated with a user; retrieving account information associated with the user, wherein the account information includes a plurality of user attribute values previously submitted by the user; selecting at least one user attribute value from the plurality of user attribute values included in the account information; dynamically generating a verification question and a plurality of answer choices based on the at least one selected user attribute value, wherein the plurality of answer choices includes the at least one selected user attribute value; presenting the verification question and the plurality of answer choices for the user; receiving one or more selections associated with the plurality of answer choices; and determining whether the verification is successful based at least in part on the one or more selections.06-06-2013
20130173469CHIP CUSTOMIZATION TECHNIQUES - Some aspects of the present disclosure provide flexible techniques by which a customer may selectively disable unwanted features, and subsequently apply for a refund corresponding to the disabled feature. In some embodiments, these techniques are value-added for a customer because they allow a customer to flexibly change inventory or individual products to account for market shifts or changes in personal preferences. In addition, these techniques may also be value-added for the manufacturer because the refund request may give the manufacturer some real-time data regarding market conditions and customer preferences in an efficient manner.07-04-2013
20130173472Transaction Management System - A transaction management system (07-04-2013
20120254040MOBILE WIRELESS PAYMENT AND ACCESS - Embodiments of systems, methods, and devices are disclosed for enabling wireless mobile devices to be automatically detected and used as fare media on vehicles in a transit and/or transportation system. Embodiments include detecting a wireless mobile device and utilizing a unique identifier of the wireless mobile device to track a transit user's entry to and exit from a transit vehicle. Embodiments further include causing the wireless mobile device to display a fare payment indicator, allowing the transit user to use the wireless mobile device to show proof of payment if so solicited by a fare inspector. A corresponding fare can be calculated and paid for in a variety of ways.10-04-2012
20120254037CARDS, DEVICES, SYSTEMS, AND METHODS FOR PAYMENT FUNCTIONALITY SELECTION - A user is provided with a GUI that may allow the user to change functionality associated with a non-battery-powered card, a battery-powered card, a payment sticker, or another device (e.g., a mobile telephonic device). The GUI may be provided on, for example, a display screen of a device (e.g., mobile telephonic device or tablet computer) as an application for that device. The GUI may be provided by a website so that a user views the GUI from a web-browser. At any time, for example, a user may change additional functionality performed at payment. A user may change the additional functionality for a card or a button of a card. In this manner, a user may change that a button on a powered card performs a check-in operation for a check-in service to receives a coupon, if a coupon is available for that transaction, from the a coupon-service.10-04-2012
20120254032MOBILE WIRELESS COMMUNICATIONS DEVICE CONFIGURED TO AUTHORIZE TRANSACTION BASED UPON MOVEMENT SENSOR AND ASSOCIATED METHODS - A transaction processing system includes an authorization server and an authorization server. A transaction terminal includes a first near field communication (NFC) device and is configured to perform a transaction based upon the authorization data. A mobile wireless communications device includes a second NFC device, at least one movement sensor, and a processor. The processor is configured to send a transaction request via the second NFC device to the first NFC device of the transaction terminal, and send detected data representing a pattern of movement detected by the at least one movement sensor to the authorization server. The authorization server is configured to generate authorization data based upon the detected data. The transaction terminal is configured to perform the transaction based upon the transaction request and the authorization data.10-04-2012
20110270758METHOD FOR PROVIDING ELECTRONIC TRANSACTION USING MOBILE PHONES - The embodiments herein provide a method for providing an electronic transaction using the mobile phones. The method comprises dialing one of a Payment Service Provider (PSP) server number by a first mobile user and a second mobile user, arranging the two mobile phones in a head-to-tail fashion, wherein a microphone of the first mobile phone is placed in front of a speaker of the second mobile phones and viceversa, broadcasting a sound signal data by the PSP server to the two mobile phones and transmitting the received sound signal data back to the PSP sever, decoding the sound signal data received from the mobile phones and activating an IVR system. The first mobile phone user enters transaction credentials for an electronic transaction to the second mobile phone user followed by a password through IVR system.11-03-2011
20110270753METHOD FOR AUTHENTICATING FINANCIAL TRANSACTION REQUESTS USING A WEBSITE OR WEB PORTAL - A method for authenticating a financial transaction request includes receiving first information where the first information includes first party identifying information, and a unique pseudorandom number of a pseudorandom sequence included with a check from a plurality of checks. A status of activating the plurality of checks is determined using a portion of the first information, a stored activation code, and stored information first party identifying information. The stored first party identifying information is stored with the pseudorandom sequence. The first party is authenticated with the received and stored first party identifying information. The unique pseudorandom number is authenticated with the received first party identifying information, a portion of the stored first party identifying information and the stored sequence. The first information is authenticated if the first party and the unique pseudorandom number included with the first information are authenticated and if the plurality of checks have been activated.11-03-2011
20130138568FINANCIAL TRANSACTION SYSTEM - A system and method for conducting a financial transaction is disclosed. The system includes a first memory location embedded in a personal portable device. The first memory location stores a plurality of personal financial data files associated with a user. The system also includes a second memory location to store biometric information and a first input interface to receive authentication information after initiation of a purchase transaction session. The system also includes a security module including an input coupled to the first interface to authenticate the authentication information based on the biometric information and an output interface comprising an input coupled to the first memory location and an output to provide personal financial data file information to a host device.05-30-2013
20130138562PASS-THROUGH PAYMENT SYSTEM - The invention provides a computer system and method for managing electronic transactions. A plurality of consumer accounts stored in the data store. A payment source storing module stores a plurality of payment sources. A payment source selector is set upon receiving a payment source selection to indicate a selected one of the payment sources. A communication and routing module receives a charge request over the network interface device. A transaction processing system determines a payment source selected with the payment source selector, and processes the charge request based on the payment source selected by the payment source selector.05-30-2013
20130091057METHODS AND SYSTEMS FOR PROVIDING ENHANCED DATA FOR CO-BRAND PAYMENT CARD TRANSACTIONS - A computer-based method for processing a payment transaction using an enhanced payment card is provided. The transaction is processed using a computer device coupled to a storage device. The enhanced payment card is issued to a cardholder by an issuer. The method includes receiving an authorization request message associated with a merchant. The authorization request message includes a card identifier and relating to a transaction initiated by the cardholder with the merchant using the enhanced payment card. The method includes transmitting an authorization response message to the merchant. The authorization response message is generated by the issuer and including an instructing message. The merchant is instructed, via the instructing message, to transmit to the computer device an addendum file including enhanced transaction data for the transaction.04-11-2013
20130091060System and method for configuring risk tolerance in transaction cards - A method comprising receiving a security profile configurable by a card party, storing the security profile in a database, receiving a transaction request to activate a transaction card, determining whether the transaction request satisfies the security profile's one or more requirements.04-11-2013
20130097080TAP AND WIRELESS PAYMENT METHODS AND DEVICES - Example embodiments include methods and apparatus for exchanging, using a contactless interface included in a portable device, transaction information associated with an electronic merchant device when the portable device is brought into close proximity to a contactless interface associated with the electronic merchant device, with the information identifying the electronic merchant device and identifying a handover wireless network connected to the electronic merchant device and with information including security credentials required to form a secure connection, establishing a persistent, secure wireless connection with the electronic merchant device, using a wireless network interface in the portable device and the transaction information, over the handover wireless network and exchanging transaction messages between the portable device and the electronic merchant device over the persistent, secure wireless connection during a shopping interval.04-18-2013
20130097079ENABLING PAYMENT FOR ITEMS USING A MOBILE DEVICE - A computer-implemented method for enabling payment for items using a mobile device may include: authenticating the mobile device with a service provider; confirming, by a device manager, authentication of the mobile device; activating the authenticated mobile device by an activation signal; responding to the activation signal by sending an identification signal from the authenticated mobile device to the device manager; identifying, by the device manager, the authenticated mobile device using the identification signal; receiving, by the identified mobile device, an identifier list, the identifier list including a first item identifier identifying a first set of items, where the identifier list is received after the confirmation of the authentication of the mobile device by the device manager; and sending, by the identified mobile device to the device manager, an indication of a selection of the first item identifier.04-18-2013
20130097082Electronic Credit Card-ECC - An Electronic Credit Card (ECC) including a user verifier for verifying a user's identity, a code generator for generating a unique authorization code for the user, storage of the user's account details for use in an electronic funds transfer, and a communicator for non-visual communication of the account details and the authorization code to a transaction station.04-18-2013
20130097081ELECTRONIC PAYMENT PROCESSING - A payment message is received from a buyer relating to a transaction with a merchant. The payment message is parsed to obtain merchant identifying information, and further parsed to obtain at least some payment information for the transaction. The payment information is submitted to a third party settlement processor on behalf of the merchant. The results of the transaction are reported to at least one of the merchant and the buyer.04-18-2013
20130097084UTILITY METERING SYSTEM INCORPORATING A TRANSACTION AUTHORISATION SYSTEM - A transaction authorisation system comprises a user interface unit 04-18-2013
20130097083USING A SECURE ELEMENT COUPLED TO A MOBILE DEVICE AS A POS TERMINAL FOR PROCESSING NFC TRANSACTIONS - A method and system for conducting an online payment transaction through a point of sale device. The method includes receiving input from a user selecting an item for purchase through the point of sale device; calculating a total purchase amount for the item in response to a request from the user to purchase the item; and sending payment authorization for the total purchase amount from the point of sale device to a payment entity, in which the payment authorization is sent to the payment entity via a mobile communication device of the user. The method further includes receiving a result of the payment authorization from the payment entity through the mobile communication device; and completing the payment transaction based on the result of the payment authorization.04-18-2013
20130097078MOBILE REMOTE PAYMENT SYSTEM - Methods, systems, apparatus and computer program products for implementing a mobile remote payment system that allows consumers and merchants to engage in mobile remote payment transactions regardless of their registration point are described. In an embodiment, a mobile remote payment (MRP) switch computer receives from an originating service manager computer, a payment authorization request that comprises payment data, an originating service manager identifier, and a merchant identifier of a merchant. The MRP switch computer verifies the originating service manager identifier, determines that the merchant is affiliated with the receiving service manager, generates enriched payment instructions that include a switching identifier, transmits the enriched payment instructions to a receiving service manager computer, receives a payment authorization response from the receiving service manager computer that includes an electronic receipt, and transmits the payment authorization response and the electronic receipt to the originating service manager computer.04-18-2013
20130103588PROCESSING PAYMENTS AT A MANAGEMENT SERVER WITH A USER SELECTED PAYMENT METHOD - A method and system for conducting an online payment transaction through a point of sale device. The method includes receiving input from a user selecting an item for purchase through the point of sale device; calculating a total purchase amount for the item in response to a request from the user to purchase the item; and sending payment authorization for the total purchase amount from the point of sale device to a payment entity, in which the payment authorization is sent to the payment entity via a mobile communication device of the user. The method further includes receiving a result of the payment authorization from the payment entity through the mobile communication device; and completing the payment transaction based on the result of the payment authorization.04-25-2013
20130103583Universal Cash Account - According to one embodiment, an apparatus may include a memory and a processor. The memory may be operable to store a cash account associated with a cash value and a user. The processor may be operable to receive a request from the user to pay an amount from the cash account. The processor may determine, in response to the request, whether the amount exceeds the cash value associated with the cash account. The processor may then decrease the cash value associated with the cash account by the amount if the amount does not exceed the cash value of the cash account. The processor may then send a notification that includes the decreased cash value associated with the cash account. The apparatus may be associated with an enterprise and the enterprise may exclusively process the request.04-25-2013
20130103589PROVIDING LICENSED CONTENT TO A USER - When a user requests licensed content, a dynamic licensing mechanism automatically requests and receives licenses for the licensed content when one or more criterion in a licensing policy is satisfied by license information relating to the content, without the user providing any further input to acquire the licenses.04-25-2013
20130103586SPENDING VEHICLES FOR PAYMENTS - A system and method for associating payments with spending vehicles so that an individual who is entitled to receive periodic or special payments such as social security checks receives in place of the payment a spending vehicle such as a discount card, rebate, or coupon for use with purchases of the sponsor's products or services. Sponsors include companies and organizations interested in offering purchase incentives to their customers. An individual who wishes to receive a spending vehicle rather than the regular payment selects the spending vehicle he or she would like to receive. The individual then assigns his or her right to receive the payment to a third party. The third party then arranges to give a spending vehicle to the individual and to transfer the individual's payment to the sponsor of the spending vehicle. The third party may take a portion of the payment as compensation for the service.04-25-2013
20130103584PAYMENT SERVICE THAT PROVIDES OPTION TO AUTHENTICATE WITH EXTERNAL AUTHENTICATION SERVICE - A system and associated methods are disclosed for enabling users to use social media account information to make payments to merchants. A payment service receives a user's identifier in response to a user authentication request sent over a network to an authentication service of a social media site. The user authentication request includes social media login credentials of the user and is associated with a payment page of a merchant that has an account with the payment service. The payment service receives the user identifier when the authentication service validates the social media login credentials. Based at least in part on the user identifier, the payment service retrieves payment information obtained by a previous payment transaction of the user from its database. The payment service provides the user with an option to use the retrieved payment information to make a payment to the merchant.04-25-2013
20130103590METHODS, SERVER, MERCHANT DEVICE, COMPUTER PROGRAMS AND COMPUTER PROGRAM PRODUCTS FOR SETTING UP COMMUNICATION - It is presented a security server arranged to set up communication between a merchant device and a customer payment application. The security server comprises: a receiver arranged to receive a first message comprising a customer identifier, an application identifier and a security token; a determiner arranged to determine whether the merchant device is authorised; a transmitter arranged to send a second message to the merchant device, the second message indicating that the merchant device is authorised to effect payment; and a channel establisher arranged to set up a secure channel between the merchant device and the customer payment application in a secure element being adapted to be comprised in a mobile communication terminal, wherein all communication between the merchant device and the customer payment application is controlled by the security server. Corresponding methods, merchant device, computer programs and computer program products are also presented.04-25-2013
20130124415SYSTEMS AND METHODS FOR SECURE AUTHENTICATION USING A WATERMARK - Systems, methods, and devices for authenticating a user using a watermark are provided. A device for authenticating a user includes one or more processors configured to prepare information including a watermark and a request for user credentials in response to a request for service requiring authentication, wherein the watermark comprises at least one of an image, text, a sound, a photo, and a combination thereof that is chosen by the user, and match received user credentials to stored user credential information. The device also includes a network interface component coupled to a network, the network interface component configured to receive the request for the service requiring authentication, and transmit the information including the watermark and the request for user credentials. The device further includes a memory, the memory storing the user credential information for matching to received user credentials.05-16-2013
20130124418ECOMMERCE SYSTEM WITH PAYMENT DATA DIVISION - In at least one embodiment of an ecommerce system, payment data is divided into proper subsets and distributed among multiple data processing systems, and each of the data processing systems stores less than all of the subsets of the payment data after the subsets of payment data are distributed and until at least sending the payment data to a payment authorization system for processing. In at least one embodiment, distributing proper subsets of the payment data among multiple data processing systems enhances security of the payment data by limiting an amount of time and the locations in which a complete set of payment data is persisted.05-16-2013
20130124417SYSTEMS AND METHODS TO PROVIDE GENERALIZED NOTIFICATIONS - A computing apparatus is configured to generate a generalized message to report information about an event, such as the processing of an authorization request or a settlement request for a transaction made using a consumer account of a user, to an aggregator, which is configured to further process the generalized message to provide services to the user, such as providing customized notification to the user, providing offers to the user, redeeming coupons or loyalty currency for the user, etc.05-16-2013
20130124416METHOD AND SYSTEM FOR TRANSFERRING FUNDS OVER A VOICE CALL - The various embodiments herein provide a method and system for transferring funds between users over a voice call. The method comprises registering a plurality of users for funds transfer with a payment system, initiating the voice call between a payer and a payee involved in the funds transfer, establishing a communication link with the payment system during the voice call, providing a funds transfer request to the payment system by the payer, prompting an authentication token and providing a biometric signature of the payer and the payee to the payment system, verifying identity of the payer and the payee based on the authenticity of the biometric signature, retrieving the payer and the payee details from a central database, initiating the funds transfer and sending a funds transfer notification to the payer and the payee indicating that the payment from the payer to the payee has been made.05-16-2013
20130124414SYSTEMS AND METHODS FOR MOBILE AUTOMATED CLEARING HOUSE ENROLLMENT - Systems and methods for mobile enrollment in automated clearing house (ACH) transactions using mobile-captured images of financial documents are provided. Applications running on a mobile device provide for the capture and processing of images of documents needed for enrollment in an ACH transaction, such as a blank check, remittance statement and driver's license. Data from the mobile-captured images that is needed for enrolling in ACH transactions is extracted from the processed images, such as a user's name, address, bank account number and bank routing number. The user can edit the extracted data, select the type of document that is being captured, authorize the creation of an ACH transaction and select an originator of the ACH transaction. The extracted data and originator information is transmitted to a remote server along with the user's authorization so the ACH transaction can be setup between the originator's and receiver's bank accounts.05-16-2013
20130124413MOBILE IMAGE PAYMENT SYSTEM USING SHORT CODES - A Mobile Image Payment System for mobile commerce, which enables a Consumer to use a mobile device to make payments for online, Electronic Media, Print Media and POS Transactions, involving the presentment of a short code. In an embodiment, the Consumer scans the short code that is displayed by a merchant, to initiate a transaction. The system completes the transaction by processing information between a Mobile Payment Client residing on the Consumer's mobile device, a Mobile Payment interface residing on a Transaction Server, and, in a further embodiment, a Mobile Payment Application residing on a merchant's device or POS terminal. The Consumer's mobile device communicates with a Payment Platform, which communicates with a Merchant Transaction Server in order to process and complete the mobile transaction. The short code of the merchant can be displayed on any product or advertising medium.05-16-2013
20130124412SPLIT MOBILE PAYMENT SYSTEM - Systems and methods for providing enhanced transaction security via use of a split mobile payment system which allows a Consumer to pay for a purchase using his mobile device without exposing Payment Account information to the merchant. The split mobile payment system may include a mobile payment application (MPA), running on a Consumer's mobile device, which can communicate with a Payment Platform and merchant's in-store Point of Sale Payment Application (PPA). A barcode can be used as one means for identifying a Consumer's Payment Account to the Payment Platform via the PPA. In the event of a PIN being required, the PIN may be entered by the Consumer via the mobile device rather than the merchant's PPA.05-16-2013
20110276486SYSTEM AND METHOD FOR SECURING PAYMENT - A system and method for secured payment in credit transactions using a credit transaction terminal in a store, having a central processing unit adapted to communicate with the transaction terminal receiving identification information and transaction information from transaction terminal, communicating with customer to verify transaction and authenticate the identity of said customer, and carrying out a transaction without disclosing to the transaction terminal customer related information.11-10-2011
20130132279MECHANISMS FOR SECURING GOODS AT A POINT-OF-SALE - Mechanisms for securing goods at a point-of-sale. A server device receives data identifying an item from a mobile device via a network. The server device identifies a security device that secures the item. The server device receives data from the mobile device indicating a purchase of the item. In response to the receipt of the data, the server device sends data to the security device directing the security device to unsecure the item.05-23-2013
20130132280METHOD AND APPARATUS FOR EXECUTING CRYPTOGRAPHICALLY-ENABLED LETTERS OF CREDIT - A method and apparatus for executing electronic transactions using cryptographically-enabled accounts stores cryptographically-enabled account information and instructions, receives a cryptographically-encoded permission certificate, and processes the received permission certificate to execute the transactions.05-23-2013
20130132278MULTI-SOURCE DEBIT CARD SYSTEM AND METHOD - The present invention involves a server based system and method which enables multiple source reloading of a single debit card.05-23-2013
20130132275RISK ANALYSIS OF MONEY TRANSFER TRANSACTIONS - A money transfer system includes a risk assessment system and a risk modeling system. The risk assessment system uses rules engines and Z scores to assess, on a real time basis, risk factors associated with money transfers. The risk modeling system develops risk scores based on historical transaction data in order to create a risk model. The risk model may be analyzed over time to refine the rules engines and take other actions to understand and reduce the risk of improper activity in connection with money transfers.05-23-2013
20130132277System and method for control and prevention of fraudulent use of financial services cards - A system and method is provided for fraud detection includes using information broadcast by devices and resources in the immediate vicinity of a mobile device, or by sensors located within the mobile device itself, to ascertain and make a determination of the immediate environment and state of the mobile device. If the mobile device is determined to be outside a predetermined range of an ongoing transaction, the transaction may be denied.05-23-2013
20130132276SYSTEMS AND METHODS FOR PROVIDING ACH TRANSACTION NOTIFICATION AND FACILITATING ACH TRANSACTION DISPUTES - A system and method for identifying incoming ACH transactions involving subscriber accounts at a financial institution, comparing the ACH transaction details with preset notification criteria, suspending any ACH transaction that satisfy the preset criteria so that the transaction does not post to the account, notifying the subscriber of the incoming ACH transaction, providing the subscriber with the option to either authorize or dispute the ACH transaction, and facilitating the dispute process according to applicable banking rules by requesting further information from the subscriber and forwarding the dispute information to the ACH operator.05-23-2013
20130144787ALTERABLE ACCOUNT NUMBER - Embodiments of the invention are directed to apparatuses, systems, and methods that allow for personalized data to be embedded in a primary account number associated with a consumer device. In one embodiment, a consumer device comprises a body and personalized data embedded into a primary account number, associated with the body. The primary account number includes a bank identification number and the bank identification number and the personalized data overlap.06-06-2013
20130144788Verification Methods And Apparatus For Use In Providing Application Services To Mobile Communication Devices - A technique in a mobile device which is configured to communicate in a wireless network with use of a communication service provided by a service provider is described. The mobile device is configured to access via the wireless network a server for execution of an e-commerce transaction. The server is configured to administer a proof-of-work test in order to allow completion of the e-commerce transaction. The mobile device receives via the wireless network a token from a token server. The token is digitally signed by the service provider with a digital signature thereof. The mobile device sends via the wireless network a message to the server, and this message includes the token. When token validation of the message at the server is successful, the mobile device completes the e-commerce transaction with the server without performing the proof-of-work test, which is bypassed for the mobile device.06-06-2013
20130144784Security Component for Electronic Commercial Activity - The subject disclosure is directed towards securing electronic commercial activity. Geo-locations are determined for one Internet transaction and another Internet transaction. These Internet transactions are related based on a common credential. Using timestamps, a relative travel speed between the geo-locations is computed for the Internet transaction and the other Internet transaction. Based upon the relative travel speed, a security component may invalidate the Internet transaction and/or the other Internet transaction.06-06-2013
20110060686System and Method for Communicating Check Information to a Financial Institution - A system for communicating check information to a financial institution is provided. The system includes but is not limited to a check reader, a centralized computer, and a financial institution computer. The check reader retrieves check information from a drawn check. The check information includes an amount of money, a routing number, and an account number. The centralized computer is in communication with the check reader. The centralized computer converts the check information into debit card data for transmission over a debit card network. The financial institution computer is in communication with the centralized computer via the debit card network. The debit card data is transmitted to the financial institution over the debit card network.03-10-2011
20110218916Secure, Closed-Loop Electronic Transfer of Money - A method of providing for a money transfer over a network includes the steps of: providing a stamp having a face value and a lifespan both indicated on the stamp, the stamp being a string that is a concatenation of two or more fields including the face value and the lifespan, with at least one of the fields calculated according to a prescription involving a hashing or encryption of a concatenation of others of the fields or of some other field not part of the stamp; affixing the stamp to an e-mail; and allowing the recipient of the e-mail to obtain value for the stamp if the stamp is presented to a predetermined entity (such as a stamp issuer) for the stamp value within the lifespan indicated on the stamp. The stamp may comprise a concatenation of a set of fields, including a lifespan, a stamp value; and hash/encryption.09-08-2011
20110218915METHOD FOR SECURE TRANSACTIONS UTILIZING PHYSICALLY SEPARATED COMPUTERS - A secure transaction method involves establishing an electronically accessible verification site authorized by the holder of a credit or debit card, and accessing the verification site by a merchant to determine whether a request for goods or services is authorized. The request for goods or services is based upon the use of the credit or debit card, but the card is not physically presented. The verification site is an electronic mail account which may be established by the merchant, card holder or other authorized person or entity. An authorization message is preferably sent from the site to the merchant in response to the step of accessing the verification site by the merchant. The verification site may also be wirelessly accessible, enabling an authorization message to be delivered through a cellular telephone, personal digital assistant, or other mobile device.09-08-2011
20110213709CUSTOMER AND PURCHASE IDENTIFICATION BASED UPON A SCANNED BIOMETRIC OF A CUSTOMER - Systems and methods for biometrically identifying an individual for purchasing a product and/or service without a need for the individual to input authentication data into a system/device are described. Data representative of a scanned iris of a customer desiring to make a purchase may be made. The customer may be identified based upon the scanned iris. A determination may be made as to whether the identified customer desires to make a purchase with an associated payment amount from an entity. A determination may be made as to whether the identified customer has a default purchase at the entity. Information of an account of the customer to make a purchase may be received and funds in the account may be debited by the associated payment amount. An item corresponding with the purchase based upon the scanned iris may be determined.09-01-2011
20080201261SYSTEM AND METHOD FOR ELECTRONIC PAYMENT PROCESSING - A method for electronically processing payments made to a plurality of merchants in a plurality of payment modes includes: (a) receiving information on the payments into a server; (h) processing the information into an automated clearinghouse file; (c) validating the automated clearinghouse file; and (d) sending the automated clearinghouse file from the server to an automated clearinghouse. Fraud is reduced, and rules are simplified and standardized.08-21-2008
20110225088RECEIVER-BASED FUNDS TRANSFER - Methods, systems, and devices are described for a receiver-initiated funds transfer. A prospective receiver of a funds transfer may identify a funds transfer amount and provide a sender identifier, to thereby initiate and request the funds transfer. Authorization for the funds transfer may be received from a sender corresponding to the sender identifier. Funds associated with the funds transfer and sourced from the sender may be received. The funds transfer may be made in response the receiver-initiated request.09-15-2011
20100287100Method and System for Cash Remittances Using a Two Country Banking Structure - A bank customer of a first bank in a first country has a bank account. The bank provides a banking service whereby customer is able to send cash to a recipient in a second country via a commingled bank account belonging to a second bank. The cash is provided to the recipient in the currency of the second country by a third party payment agent. To effect a transfer, the bank customer in the first country instructs the first bank to debit his or her account and send cash to a designated recipient. In response, the first bank debits the customer's account, sends first payment instructions to the second bank, and transfers funds to a commingled account at the second bank. Funds from this commingled account are used to pay for the cash provided to the recipient. The banking service may be provided free of charge to a banking customer of the first bank.11-11-2010
20100287099RISK ASSESSMENT RULE SET APPLICATION FOR FRAUD PREVENTION - Rules, applied to deny authorization of likely fraudulent transactions, are derived from a modified Patient Rule Induction Method algorithm that uses a target variable and a data set of past transactions each associated with a plurality of input variables and a hyper-rectangle enclosing a multi-dimensional space defined by a representation of the input variable values as points within the multi-dimensional space. While a count of the points within the hyper-rectangle is greater than a minimum support parameter, a first plurality of points proximal to edges of the hyper-rectangle are removed, where each such removing maximizes a mean value of the target variable, and then, while the mean value remains maximized, a second plurality of points proximal to the edges is added, where each adding maximizes or maintains the mean value. The hyper-rectangle is bounded within a minimum bounding box that defines the rules.11-11-2010
20110251958Method of Controlling a Device Able to Function in a Mode With or Without Code Verification to Effect a Transaction - The invention relates to a method of controlling a device able to function in a mode with code verification or in a mode without code verification to effect a transaction, the method including a step of authenticating the device, an optional step of verifying a code, and a stage of continuing the transaction, wherein the method further includes a first verification step of verifying whether the device is functioning in the mode without code verification; and 10-13-2011
20110238575MERCHANT FRAUD RISK SCORE - Methods and systems are presented for a fraud risk score to be given to a merchant for a proposed transaction with a consumer. The fraud risk score is generated by a payment account service provider, such as a credit card processor, using information from a pending transaction as well as information from other payment accounts that the consumer holds to which the payment account service provider is privy. Various factors, including indicators of elevated risk in other payment accounts, are custom-weighted by the merchant for the score.09-29-2011
20130151409AUTOMATING INTERACTIVE TRANSACTIONS - A method for intermediating communications with an automated system includes receiving, at an intermediating device that implements an intermediating communication application, an instruction to complete a transaction request on behalf of a user. The method also includes determining, by the intermediating communication application on the intermediating device, a destination system from which to request completion of the transaction request. The method additionally includes interacting, by the intermediating device, with the destination system to fulfill the transaction request.06-13-2013
20130151410Instant Remote Control over Payment and Cash Withdrawal Limits - A financial transaction processing system receives a limiting instruction from an owner of an account. The limit is applied to subsequent proposed transactions involving the account, and if the limit is violated, the transaction may be declined or terminated.06-13-2013
20130151411DIGITAL AUTHENTICATION AND SECURITY METHOD AND SYSTEM - A method and system for activating a user account and digitally securing electronic transactions is disclosed. The method and system includes the steps providing a code and PIN, requesting the PIN, transmitting the PIN and code together to an authentication server, authenticating the code and PIN, flagging a status of a user's account as “on”, transmitting the status of the user's account to a client server, allowing a digital transaction to proceed on the client server if the status of the user's account is “on”, and disallowing a digital transaction to proceed on the client server if the status of the user's account is “off”. Once activated, the user may toggle their account “on” and “off” via a mobile device in order to provide an additional layer of security in order to complete transactions.06-13-2013
20130151412METHODS AND APPARATUSES FOR HANDLING A ROAD-USE-DEPENDENT VEHICLE COMMUNICATION - A system and method for handling a road-use-dependent communication, such as a financial transaction, the execution of an overtaking maneuver is sensed and on the basis of the overtaking maneuver which has been performed a financial transaction is executed by an overtaking road user for an overtaken road user.06-13-2013
20130151413SYSTEMS AND METHODS FOR ENSURING THE APPLICATION OF USER-MANDATED RULES TO PAYMENT TRANSACTIONS - Systems and methods for controlling and/or authorizing payment transaction are described which may facilitate verification that payment transactions initiated with a payment token of a user are in fact vetted by user-configured rules. According to some examples, a method for controlling payment transactions may include storing a firs and second sets of rules in a database, which rules are configurable by a user. The method may further include communicating and/or applying the first set of rules by a first entity, such as a merchant, a payment network, or other payment acceptance provider. A payment transaction may be routed to a particular network as a result of the application of the first set of rules. During a verification stage, a second set of rules may be applied at the issuer level to determine whether or not user-configured rules have been applied. The transaction may be accepted or decline based on the application of the second set of rules and/or notification may be sent to the user regarding the resolution or the verification stage.06-13-2013
20130151414MAKING A PAYMENT USING A PAYMENT PLUG-IN - Making a payment using a payment plug-in is disclosed, including: receiving a payment request from a device; receiving an indication that the payment plug-in is not installed at the device; determining that the device has received the payment plug-in, wherein the payment plug-in is configured to be installed at the device; receiving an activation message from the payment plug-in, the activation message including at least an attribute associated with the device; determining a stored user account that matches the attribute associated with the device; and receiving from the payment plug-in a confirmation to process the payment request based at least in part on the matching user account.06-13-2013
20130151415Financial Transaction Authentication Servers, Methods, and Computer Program Products for Facilitating Financial Transactions Between Buyers and Sellers - A financial transaction authentication server includes a wireless network interface that is configured to receive fund transfer requests from a buyer via a wireless communications terminal, a wireless terminal location module that is configured to identify the respective locations of the buyer and a seller, and a transaction authorization processor configured to authorize a transfer request if the geographic locations of wireless terminals of the buyer and seller are within a predetermined geographical proximity of each other. The wireless network terminal location module identifies the geographic locations of respective wireless terminals of the buyer and seller. The transaction authorization processor authorizes a fund transfer request if the respective locations of buyer and seller wireless terminals are within a predetermined geographical proximity and suspends a fund transfer request if respective locations of buyer and seller wireless terminals are not within a predetermined geographical proximity of each other.06-13-2013
20120278237Method, System and Mobile Device for Distributing Gift Certificate - A method for distributing a gift certificate may be provided that includes: receiving information on an affiliate identifier recognized by a user terminal device; receiving payment information of a user of the user terminal device from an affiliate terminal device; and calculating a remaining amount of the gift certificate of the user or a mileage of the user on the basis of the payment information.11-01-2012
20120278235Electronic Envelope Budget Planning and Control System - Described herein is a method of implementing an electronic envelope budget planning and control system. Such a system includes establishing sub-accounts which have criteria limiting consumer spending of such sub-accounts substantially simultaneously with purchasing transactions by requiring funding of a transaction to meet budgeting criteria and funding limits before such a transaction can be funded at the point of sale.11-01-2012
20100299257Method And System For Commodity-Based Currency For Payment of Accounts - A system and method for permitting gold or other commodities to circulate as currency requires a network of system users that participate in financial transactions where payment is made in units of gold. The gold is kept in secure storage at a deposit site for the benefit of the users. The payments in gold are effected through a computer system having data storage and transaction processing programs that credit or debit the units of account of gold held for the account of each system user.11-25-2010
20120259784FRAUD AND REPUTATION PROTECTION USING ADVANCED AUTHORIZATION AND RULES ENGINE - Systems and methods are presented for analyzing a credit card or other financial transaction and, based on whether a score for the transaction meets or exceeds a user-selected threshold, sending a transaction notification message to a consumer's electronic device such as a cell phone.10-11-2012
20120259783SYSTEM FOR PERSONAL AUTHORIZATION CONTROL FOR CARD TRANSACTIONS - An authorization system allows for cardholder-provided parameters to a personal authorization subsystem. The parameters can be selected by the cardholder to limit the authorizations that would otherwise be granted on the card. The parameters can indicate limits by frequency, dollar amount, merchant, geographic location, time of day, combinations thereof, or the like. Authorization for a given transaction, even where authorized by an issuer and a network operator, might be denied based on self-constraints set by the cardholder. In some variations, messages are sent to the cardholder based on constraints set by the cardholder and transactions might be approved and messaged, or denied and messaged.10-11-2012
20120259781BROKER-MEDIATED PAYMENT SYSTEMS AND METHODS - In certain embodiments of systems and methods for conducting payment transactions between a payer and a payee, the payer selects one or more payment sources from various funding sources and accounts available to the payer, and instructs a payment broker's server to perform payment authorization and/or payment routing and clearing services on the payer's behalf. The payment broker's server notifies the payer and/or the payee of the payment authorization status and, if approved, instructs the funding source to send the payment to or for the payee without divulging the payer-selected funding source or account to the payee.10-11-2012
20120259780METHOD, TERMINAL AND SYSTEM FOR PROVIDING DATA TRANSMISSION AND FINANCIAL TRANSACTION BASED ON THE POSITION OF MOBILE TERMINALS HAVING SHORT-RANGE COMMUNICATION FUNCTION - Method and terminal for performing a financial transaction based on a relative position between terminals. A system for performing a financial transaction based on a relative position of mobile terminals includes: a user terminal configured to generate payment data in association with a transaction amount and to deduct the transaction amount from a payer account; a transaction terminal configured to receive the payment data from the user terminal by use of short-range communication and to add the transaction amount corresponding to the payment data to a payee account; and a financial server configured to approve the financial transaction based on the payment data, wherein the payment data is determined by a positional relationship between the user terminal and the transaction terminal.10-11-2012
20130185209TRANSACTION-BASED ONE TIME PASSWORD (OTP) PAYMENT SYSTEM - Embodiments of the present invention provide a payment processing system. Specifically, a mobile client generates a request for payment of a payment transaction. The mobile client generates a one-time value associated with the payment transaction. The one-time value is a first hash value. The transaction information is received at an authorizing device. The authorizing device generates confirmation information and transmits the confirmation information to the mobile client. The authorizing device generates a second hash value based on the confirmation information. The request for payment is approved when the first hash value matches the second hash value.07-18-2013
20130185210Method and System for Making Digital Payments - Among other things, the present disclosure describes an authentication system that leverage a mobile phone to improve the security of web logins and web payments on a personal computer. The described embodiments do not require special hardware beyond a cell phone with a camera. Using embodiments of the present invention, memorization of passwords is avoided and the login process is faster and less error-prone than with existing systems. In a payment system according to an embodiment, users do not need to let retailers keep their passwords because credit card information need to be manually input. In addition, the present invention allows users to conveniently take advantage of one-time use credit cards for additional security.07-18-2013
20130185212APPARATUS AND METHODS FOR PROVIDING A PAYMENT SYSTEM OVER A NETWORK - Apparatus and methods provide an accumulator that processes electronic payments from an employer to a recipient via a network. The payments processed may be, for example, child support payments collected from an employee by the employer. The employer may submit one transaction made up of payments collected from multiple employees bound for multiple recipients and the accumulator may receive, translate, batch, and deliver the payments to the multiple recipients. The accumulator, employers, and recipients may communicate via a network such as the Internet.07-18-2013
20090106151Fraud prevention based on risk assessment rule - A system, method, and computer-readable storage medium configured to import fraud prevention rules from an issuer and implement them in real-time at a payment processor. Usually, a card issuing bank either approves or declines financial transaction; however, in embodiments of the present invention, the issuing bank creates fraud prevention rules, and the payment processor implements the created rules. A payment processor apparatus comprises a network interface, and a verification engine. The verification engine includes a transaction driver, and a real time decisioning processor. The network interface is configured to receive a fraud prevention rule from a payment card issuing bank, and to receive a proposed financial transaction from an acquiring bank. The transaction driver receives the fraud prevention rule. The real time decisioning processor compares the proposed financial transaction from the acquirer and the fraud prevention rule to determine whether the proposed financial transaction should be declined.04-23-2009
20100318464COMPLIANCE CONTROL IN A CARD BASED PROGRAM - An analysis system processes financial transactions data for compliance with a payment program, such that the processing involves receiving data relating to a set of financial transactions that have been authorized by a payment processing system, and determining if one or more of the authorized financial transactions will be subjected to further processing, wherein the further processing operates on the received data and identifies authorized financial transactions that may be out of compliance with transaction rules of the payment program.12-16-2010
20100318463METHOD AND APPARATUS FOR ADDRESSING ISSUER HOLD FOR AUTOMATED FUEL DISPENSER TRANSACTIONS IN AN ELECTRONIC PAYMENT SYSTEM - Placement of a hold amount against a payment card account of a customer is facilitated, in response to the customer presenting a payment device, associated with the payment card account, in connection with a non-PIN, signature-based, dual-message transaction with a merchant. The presenting of the payment device is prior to a time when an amount of the transaction can be determined. Subsequent to the placement of the hold amount, immediately after the time when the amount of the transaction can be determined, transmission of an authorization advice message from an acquirer associated with the merchant to an issuer of the payment device is facilitated. The authorization advice message indicates the amount of the transaction. A further step includes facilitating the issuer of the payment device releasing any portion of the hold amount which exceeds the amount of the transaction, immediately responsive to the authorization advice message.12-16-2010
20120284190Intersystem Single Sign-On - Techniques for intersystem Single Sign-On use intersystem user ID mapping to map user IDs of multiple systems. In one implementation, a method obtains a user's ID information associated with a first system, and obtains the user's ID information associated with a second system from the user's ID information associated with the first system according to the intersystem user ID mapping table. The first system sends the user's ID information associated with the second system to the second system, which may allow the user to automatically log on upon successful user ID verification. The user ID information communicated between the systems may be encrypted and decrypted using digital signature techniques. Systems for accomplishing the method are also provided.11-08-2012
20120284189METHOD AND SYSTEM FOR DYNAMICALLY CONTROLLING THE QUALITY OF SERVICE - The invention relates to a method for dynamically controlling the quality of services attributed for the communication session of a user equipment (UE) in a 3GPP compliant communication network, comprising the steps of: initiating a communication session; an online charging system (OCS) detects an event (11-08-2012
20120284188INTERCHANGE REPORTING MANAGER - For a first transaction, an authorization request message is received from a first payment processing network and transmitted to an issuer computer, and an authorization response message is received from the issuer computer and transmitted to the first payment processing network. For a second transaction, an authorization message is received from a second payment processing network and transmitted to the issuer computer, and an authorization response message is received from the issuer computer and transmitted to the second payment processing network. The authorization request and response messages for the first and second transactions include transaction data which is stored. Interchange data files including interchange data for the first and second transactions are received from first and second payment processing networks, respectively. The interchange data files are normalized, and the stored transaction data for the first and second transactions is enriched with the received interchange data.11-08-2012
20120284187SYSTEM AND METHOD FOR PROCESSING PAYMENT TRANSACTIONS - A system and associated data processing flow for processing payment transactions that are conducted using a payment account or portable consumer device. The portable consumer device may be in any suitable form, including cards, key fobs, devices containing a contactless element, smart cards (having contacts or without contacts), etc. The invention separates the authentication of the payment account or payment device from the transaction authorization process, enabling different entities to be responsible for each of those functions.11-08-2012
20120284186Automated Political Risk Management - A risk management method and system for facilitating analysis and quantification of risk associated with politically exposed persons is disclosed. A computerized political risk management system maintains a database relating individuals to politically sensitive positions and world events. A rating system is used to assess risk based upon criteria such as a position held, historical data and/or interpretation of world events. The system can generate a risk quotient or other rating based upon a weighted algorithm applied to the criteria. The risk quotient is indicative of risk associated with an account. Actions commensurate with a risk quotient can be presented to an institution to help the institution properly manage risk associated with a politically exposed person. A log or other stored history can be created such that utilization of the system can mitigate adverse effects relating to a problematic account.11-08-2012
20120284185Image-Based Financial Processing - Image-based processing of sources of financial information for financial transactions is provided. A device is enabled to acquire one or more images including a representation of a source of financial information. The device can validate the source, independent of the financial information in a preliminary analysis. If the source is validated, one or more images are used to acquire the financial information. The financial information is then validated. If the financial information is valid, authorization of the financial transaction can be initiated.11-08-2012
20130185211METHOD, APPARATUS, AND COMPUTER PROGRAM PRODUCT FOR TOPPING UP PREPAID PAYMENT CARDS FOR OFFLINE USE - A card holder carries out an initial top-up of a balance of a pre-paid payment card. The prepaid payment card is configured for use in an infrastructure in accordance with a payment specification requiring different behavior for normal transactions in the infrastructure versus that required for topping-up of the balance. Contemporaneously with the initial top-up, the card holder registers risk mitigation information in association with the pre-paid payment card. Subsequent to the initial top-up, an indicator is written to the pre-paid payment card during a transaction with the pre-paid payment card outside the infrastructure. The indicator identifies the pre-paid payment card as having the risk mitigation information associated therewith. During subsequent presentation of the pre-paid payment card to the infrastructure, the pre-paid payment card is treated as a token backed up by the risk mitigation information, based on presence of the indicator on the pre-paid payment card.07-18-2013
20130159190LOCATION-BASED MONEY TRANSFER - The invention provides various systems and methods for performing money transfers using location information. The method includes staging, at computer system, a money transfer transaction from a sender to a receiver. The method further includes providing the receiver's mobile number to the computer system, and tracking the receivers location using a location tracking computer system. Further, the method includes determining if the receiver is within a proximity threshold to an agent location. The agent location is configured to distribute foods from the money transfer. The method then, in response to the receiver being within the proximity threshold to the agent location, notifies the receiver of the agent location's address, and dispenses the funds from the agent location.06-20-2013
20130159191METHOD AND SYSTEM FOR LIMITING RISK IN BANKING TRANSACTIONS - A system and method for processing banking transactions in risk limit mode when connectivity to a central application server is unavailable. The method includes calculating available balance in customer account associated with current transaction and determining if current transaction amount is less than the available balance. In case the current transaction amount is less than the available balance, a total amount associated with transactions for a plurality of customer accounts executed in risk limit mode is calculated. Thereafter, if it is determined that the total calculated transaction amount is less than a pre-defined risk limit value for a customer, the current transaction is allowed. Otherwise, the current transaction is rejected.06-20-2013
20130159184SYSTEM AND METHOD OF USING LOAD NETWORK TO ASSOCIATE PRODUCT OR SERVICE WITH A CONSUMER TOKEN - Systems, devices, apparatuses, and methods for conducting a transaction in which a consumer purchases a product or a service by providing payment to a merchant whom is not the provider of the product or service. The invention permits a consumer to present cash or a payment device (such as a credit card or debit card) to a merchant, where that merchant may be an element of a load network or payment processing network. In a typical load network transaction, the merchant would accept the cash or payment device from the consumer and use the funds provided to “load” or recharge an account of the consumer. However, instead of this use of the network, embodiments of the invention operate to allow the consumer to provide the source of payment to the merchant for a product or service offered by a third party which is accessed by the consumer using a consumer token.06-20-2013
20130159185TRAVEL ACCOUNT - A user can set up a travel account with a payment provider, to inform the payment provider of expected dates and locations of travel, along with limits or restrictions at the various locations and/or dates. When the user travels and attempts to make a payment, the payment provider can determine the location and date to aid in processing the payment request, resulting in an easier process for the user, while still providing additional security with the limits and restrictions.06-20-2013
20130159186System and Method for One-Time Payment Authorization in a Portable Communication Device - A system for using a dynamic temporary credential with a portable communication device for use in a transaction with an electronic control point (e.g. point of sale, NFC access point) wherein the portable communication device has a geo-location module (e.g. GPS). The system has a centralized module that receives the portable communication device's current geo-location and transmits the dynamic temporary credential to the portable communication device and provides predictive transaction information—including the dynamic temporary credential and portable communication device's geo-location—to an authorization system operably associated with the electronic control point. The dynamic temporary credential has a predetermined time to live, which allows for the recycling of the dynamic credential, such recycling may take into account the geo-location for which the credential has been recently issued. A method for using a dynamic temporary credential with a portable communication device is also disclosed.06-20-2013
20130159187ELECTRONIC TRANSACTION PROCESSOR SYSTEM - An Internet based system for executing transactions is described. The system may include transaction data, a database, a business logic manager and user profiles. A rules may also be included, and store information about system responses to modifications of the data. The user profiles may be configured to store information concerning the availability of information and displays depending upon the user.06-20-2013
20130159188AUTOMATIC USER VALIDATION SYSTEM AND METHOD - Methods and apparatus support optional user authentication. Whether an authentication, or an enhanced type of authentication, is required before proceeding with a transaction can be determined on a user-by-user basis. Some credit card users subscribe to a service that provides the users with security tokens. Transactions involving these credit cards may require correct entry of a security token code, before the transactions are allowed to proceed. However, other credit card users, i.e., users who have not subscribed to the service, are not required to enter a security token code before their transactions are allowed to proceed.06-20-2013
20130159189TRUST MANAGEMENT SYSTEM - An automated method and system for managing Native American land trust rights is described. Login information may be received from a participant. An account record associated with the participant may be accessed to identify one or more land trust rights held by the participant. An offer to purchase at least one land trust right of the one or more land trust rights held by the participant may be made. An input from the participant accepting or rejecting the offer to purchase may be received. Upon acceptance of the offer, payment may be disbursed to the participant in accordance with the offer to purchase and account record associated with the participant may be updated to reflect a sale of the at least one land trust right.06-20-2013
20130185206Real-Time System for Approving Purchases Made with a Mobile Phone - An approach is provided to approving purchases made with a mobile device. In this approach, a purchase request relating to an item is received at the mobile device, with the purchase request including item data associated with the item. The item data is compared to a set of predetermined authorized criteria. If the item data falls within (meets) the predetermined authorized criteria, then a payment authorization is generated. On the other hand, if the item data not meet the predetermined authorized criteria, then a real-time interactive purchase request is sent from the device over a network to an authorizing agent with the purchase request including the item data. A response is received from the authorizing agent. If the response is a purchase approval, then the payment authorization is generated.07-18-2013
20130185205SECURE TRANSACTION AUTHORIZATION - Provided is an approach for credit transaction authorization/approval. Specifically, a particular transaction payment device/mechanism (e.g., credit card, etc.) may be associated with a set of purchase authorization criteria/rules that sets forth specific conditions (e.g., an authorization protocol) under which the transaction payment device may be utilized. When a user later attempts to conduct a proposed credit transaction using the transaction payment device, it will be determined whether the proposed credit transaction complies with this set of purchase authorization criteria (e.g., the authorization protocol). Based on this determination, the proposed credit transaction can be approved or declined.07-18-2013
20130185208HANDLING TRANSACTION AND TRIP DATA - A method for a transaction with a taxi includes receiving from a mobile device in a vehicle an amount of a fare for a passenger trip, receiving trip information from the mobile device, the trip information including a start time, an end time and a distance traveled for the passenger trip, receiving a card number from the mobile device, submitting the transaction for authorization of payment, receiving an indication that the transaction is authorized, accessing financial payment information associated with an account of a driver of the vehicle, the financial payment information sufficient to make a deposit to a financial account of the driver, submitting the transaction for processing to make the deposit in the amount of the fare to the financial account of the driver, and sending the trip information to a computer system of the dispatch service.07-18-2013
20130185207METHOD AND SYSTEM FOR ONLINE AUTHENTICATION USING A CREDIT/DEBIT CARD PROCESSING SYSTEM - A system for online authentication using a payment card processing system, the system comprises: a managing computer system of a payment card service provider, the managing computer system having a memory device capable of storing data associating identifying information of individual customers with payment card accounts, and a computer processor configured to: receive a request for personal information of a customer on a relying party website, and wherein the relying party website is a member of the payment card processing system; request and receive identifying information of the customer for at least one payment card of the customer; present at least one authentication question to the customer to validate the customer; and validate the customer upon receipt of at least one correct answer to the at least one authentication question.07-18-2013
20110302087COMPREHENSIVE ONLINE FRAUD DETECTION SYSTEM AND METHOD - A fraud detection and protection method and system are disclosed. The method and system utilize a fraud detection and protection server to monitor online commercial transactions between a webserver and a client computer, and generate a risk assessment of a user associated with the client computer. The system and method further utilize a number of beacon servers geographically dispersed in an area. Each beacon server is configured to receive packet header information associated with the online commercial transactions, analyze the packet header information for authenticating information, and send the authenticating information to the fraud detection and protection server for the risk assessment.12-08-2011
20110307382SYSTEM AND METHOD FOR IDENTIFYING A POINT OF COMPROMISE IN A PAYMENT TRANSACTION PROCESSING SYSTEM - A system, apparatus, and method for reducing fraud in payment transactions by identifying a potential point of compromise (POC) that may lead to subsequent fraudulent transactions, or confirming that a suspected point of compromise is in fact responsible for a security breach leading to fraudulent payment transactions. The invention is also directed to a system, apparatus, and method for identifying data or transaction characteristics that may be used to most effectively identify a point of compromise in a payment transaction syst12-15-2011
20110307381METHODS AND SYSTEMS FOR THIRD PARTY AUTHENTICATION AND FRAUD DETECTION FOR A PAYMENT TRANSACTION - Described herein are methods and systems for third party authentication and fraud detection for a payment transaction between a consumer and a merchant. A third party authentication may occur during a consumer's registration with the payment system or during a consumer's transaction with a merchant. In one embodiment, a payment system receives user information from an electronic device of the consumer. The payment system receives a selection of a third party authentication option from the consumer. The payment system sends a request for a login window to a third party site. The consumer logs into the third party site using the login window. The payment system receives and saves a consumer's universally unique identifier (UUID) from the third party site. The consumer registers with the payment system by authenticating with the third party site. In another embodiment, the consumer authenticates successful with the payment system during a payment transaction.12-15-2011
20110313926System and method for facilitating large scale payment transactions - A system and method of payment of an end-user account with a service provider includes a computer system that makes payments to service providers on behalf of end-users and that is operable to exchange information with a terminal at the point of sale or a web-enabled computer system operated by the end-user and with the computer system of the service provider. In one embodiment, the computer system of an intermediary receives a request to make a payment on an end user's account with a service provider. The computer system of the intermediary may communicate with the computer system of the service provider by logging on to the web page of the service provider as the end-user, and entering a universally accepted open system number and the amount of the payment received from the end user's source of funds to effect payment on the end user's account with the service provider. In another preferred embodiment, a payment router together with an issuing/sponsoring bank and a processor, as implemented by their computer systems, facilitate payment transactions in which the router transacts at least thousands of payments for at least hundreds of payors with at least dozens of payees using at least one open system card association network, preferably in a day.12-22-2011
20110313925DYNAMIC PAIRING SYSTEM FOR SECURING A TRUSTED COMMUNICATION CHANNEL - A system for securing a trusted communications channel for a mobile financial transaction is provided by receiving, from a user via an external terminal, a request for an access control entitlement to complete a financial transaction. A total risk level associated with the financial transaction is computed. A required trust score is determined based on the total risk level. User identification data associated with the user is received from one or more data sources. The user identification data is validated. A user trust score associated with the user is computed based on the validated identification data. The user trust score is compared to the required trust score. The access control entitlement is transmitted to the user via the external terminal if the user trust score is greater than or equal to the required trust score.12-22-2011
20130191282TOKEN BASED TRANSACTION AUTHENTICATION - A token based transaction authentication system is disclosed. Issuer, merchants, and a payment processing network generate unique tokens or keys to authenticate messages between themselves and to authenticate a sending entity or consumer as they are redirected between entities. The tokens are also used to identify the particular authentication thread a message or sending entity is associated with. The sending entity authentication occurs over a web-based channel or a mobile based channel.07-25-2013
20130191283Authentication of a Data Card Using a Transit Verification Value - Transaction processing involves receiving data from an access transaction application of a portable consumer device, wherein the received data comprises data from an access transaction data string that includes a transit verification value wherein, with the exception of the transit verification value, the access transaction data string is substantially similar to a retail data string comprising retail data, wherein the access application data string is adapted for use with an access transaction processing system and the retail data string is adapted for use with a retail processing system. The transaction processing involves processing access transaction application data for selective authorization of the transaction.07-25-2013
20130191285TRACK DATA MAPPING SYSTEM FOR PROCESSING OF PAYMENT TRANSACTION DATA - Systems and associated apparatuses and methods for processing payment transactions. A merchant's data processing system may provide payment transaction data in a first format (e.g., Track 1) to a payment processing network. The payment processing network may determine the issuer to which the data will be provided as part of a process for authorizing the payment transaction. It is determined if the issuer is one that is expecting or requires that the data be provided in a second format (e.g., Track 2). If the issuer is one that is expecting or requires that the transaction data be supplied in the second format, then it is determined if the issuer is enrolled in the appropriate data mapping service. If the issuer is enrolled in the data mapping service, then the inventive system performs the data mapping processes needed to provide the data in the second format to the issuer. The issuer may then use the received data to determine whether to authorize the payment transaction.07-25-2013
20130191286MERCHANT-BASED TOKEN SHARING - One embodiment of the present disclosure provides a system and associated processes for sharing cardholder data (CHD) between a merchant that utilizes tokenization and a second merchant that may or may not utilize tokenization. In one embodiment, the merchant, or an employee of the merchant, can use the system and associated processes to reacquire CHD from a tokenization provider system. In one embodiment, the merchant identifies to the tokenization provider system a desire to share CHD, which is associated with a token, with a second merchant. The merchant and/or the tokenization provider system can then invite the second merchant to register with the tokenization provider system. Once registered with the tokenization provider system, the second merchant can access any CHD that the merchant associated with the second merchant.07-25-2013
20130191284P2P Transfer Using Prepaid Card - A method and system for making a payment is disclosed. In the method, a Payor can specify an account from which to withdraw funds for the payment and specify an activation code necessary to activate the payment. The payment can be sent to a Payee in the form of a pre-paid transaction account. The account will not be activated unless the Payee provides the activation code. Funds can be withdrawn from the account specified by the Payor either in full at the time the payment is made or are withdrawn as the Payee uses the transaction account to access the funds.07-25-2013
20120016800ELECTRONIC PAYMENT AND AUTHENTICATION SYSTEM WITH DEBIT AND IDENTIFICATION DATA VERIFICATION AND ELECTRONIC CHECK CAPABILITIES - 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.01-19-2012
20120030116SYSTEM AND APPARATUS FOR TRANSACTION FRAUD PROCESSING - A system for processing transaction data is provided. The system includes a fraud policy system that provides merchant fraud policy data. An order information data system receives order information data and the merchant fraud policy data and generates order information fraud score data, such as by modifying the order information data using the merchant fraud policy data and then scoring the modified order information data. A transaction authorization system receives the order information fraud score data and the merchant fraud policy data and generates client authorization data.02-02-2012
20120030115SYSTEMS AND METHODS FOR PREVENTING FRAUDULENT BANKING TRANSACTIONS - A system and method for protecting account holders against fraudulent transactions by receiving authorization criteria, wherein the authorization criteria relates to one or more characteristics associated with financial transactions that involve an account in a financial institution; receiving incoming transaction data wherein the incoming transaction data is associated with an underlying financial transaction involving the account; identifying the one or more characteristics associated with the incoming transaction relating to the authorization criteria received; identifying prior transactions with one or more characteristics corresponding with the identified one or more characteristics associated with the incoming transaction data; comparing the incoming transaction data with the authorization criteria; suspending the underlying transaction associated with the incoming transaction data if the authorization criteria is not satisfied; transmitting notification of the suspension to the account holder associated with the suspended underlying transaction data through a first communication method, wherein the transmitted notification includes a unique item of information; and permitting the suspended underlying transaction to proceed if the unique item of information is received through a second communication method.02-02-2012
20120030114User Positive Approval and Authentication Services (UPAAS) - The invention provides Users of Retail Payment and Identification instruments with the ability to review transaction details and approve transaction by capturing UVM in User controlled environment and Issuers of these instruments with the ability to positively authenticate Users in Issuer controlled environment. The invention accounts for real time legacy or non-legacy processing systems to provide an authorization request from POA to Issuer Host. The invention introduces two UPAAS components—User Gateway and User Application. The UPAAS User Gateway is implemented in an Issuer controlled environment enabling interface between Issuer legacy Host and UPAAS User Applications. The UPAAS User Application can be implemented on any device supporting communication protocol such as TCP/IP without any hardware changes enabling the User to login to UPAAS User Gateway, review and approve or decline a specific transaction in real time by entering UVM, such as PIN, for User authentication purposes.02-02-2012
20120030113Generation And Use Of Negotiable Instruments - Systems and methods for generating and using negotiable instrument are described. A request from a user to generate a negotiable instrument financially secured by a financial entity against an account of the user is received, and the user is authenticated to the account of the user with the financial entity. Upon authenticating the user to the account, data representative of the negotiable instrument financially secured by the financial entity against the account of the user is transmitted. The data may include a printable image and barcode for scanning by a second computing device of the financial entity. The transmitted data representative of the negotiable instrument may be received by a computing device. The computing device may output the data representative of the negotiable instrument to a printer for local generation of the negotiable instrument on the printer without the need for special inks and/or other data.02-02-2012
20120030112Generation And Use Of Cash Value Debit Cards - Systems and methods for generating and using a cash value debit card are described. A request from a user to add value to a cash value debit card account financially secured by a financial entity against an account of the user may be received. The user may be authenticated to the account of the user with the financial entity. Monetary funds may be debited from the account of the user by an amount to add to the cash value debit card account, and the debited amount may be added to the cash value debit card account. A request to withdraw monetary funds from the cash value debit card account may be received. A determination may be made as to whether to authorize the withdrawal from the cash value debit card account. The withdrawal may be authorized, and the cash value debit card account may be debited accordingly.02-02-2012
20120030111SERVICE PLATFORM UTILIZING AN ELECTRONIC PAPER DEVICE FOR FINANCIAL INSTITUTIONS - A service platform utilizing an electronic paper device for financial institutions, comprising: an option input device, used for sensing an entry operation and outputting a financial business option signal accordingly; a control unit, having an option input interface, a display interface, a host interface, and a slips storage unit, wherein the option input interface is used to receive the financial business option signal, the host interface is used to communicate with a financial institution host, the slips storage unit is used to store financial business slips; and an electronic paper device, having a touch input function, coupled to the display interface to display one financial business slip for related information input by a touch pen, or transmit the related information through the control unit to the financial institution host, or display an informing message sent from the financial institution host through the control unit.02-02-2012
20120030110DEVICE, SYSTEM, AND METHOD FOR LOCATION-BASED PAYMENT AUTHORIZATION - A device, system, and method for location-based payment authorization includes receiving a payment request for an order submitted from a mobile computing device via an e-commerce vendor website. A location of the mobile computing device is determined based on location data. In one embodiment, the payment request is authorized or denied based on whether the e-commerce vendor website has been authorized for the determined location of the mobile computing device.02-02-2012
20120030109DEPENDENT PAYMENT DEVICE - The present invention provides embodiments of a dependent payment device, such as a credit card, for allowing a primary customer to control and monitor the transactions made by a dependent customer who is authorized to use the account of the primary customer. The primary customer can control the maximum limit that the dependent customer can spend on the dependent card up to the maximum amount that the financial institution has approved for the primary customer. The primary customer can also block/approve purchases that the dependent customer can make at store or on products by adding MCCs, store names, store types, UPCs, or other product or store identifiers to a list of blocked/approved transactions. The primary customer can set monetary and time limits on the amount and frequency of the transactions the dependent customer can make at stores or on products that have been blocked/approved.02-02-2012
20130198078SECURE GRAPHICAL CODE TRANSACTIONS - A method of making a payment using an encoded graphic by a user device may include acquiring an image of the encoded graphic, and determining payment information using information associated with the encoded graphic. The method may also include sending a request to an identity repository for a first signature for the payment. The method may additionally include receiving the first signature for the payment from the identity repository. The method may further include sending the payment information and the first signature to a payment gateway.08-01-2013
20130198084UTILIZING PHRASE TOKENS IN TRANSACTIONS - A system and method for facilitating transactions utilizing phrase tokens are provided. Individual entities can be associated with unambiguous transaction phrase tokens, such as multiple word phrases. The transaction phrase tokens are associated with transaction accounts by a service provider such that the entities can complete a transaction without having to exchange transaction account information. In a transaction, a transaction phrase token is offered to an accepting party, which tenders the offered transaction phrase token to the service provider. The service provider processes the offered transaction phrase token according to configuration information specified for the transaction phrase token. The service provider can automatically process the transaction request or request additional information.08-01-2013
20130198076SYSTEMS AND METHODS TO PROVIDE CHECK-IN BASED PAYMENT PROCESSES - Systems and methods for providing check-in based payment processing are discussed. In an example, a method for check-in based payment processing can include receiving check-in data, generating a pre-approval, sending a one-time-use PIN, receiving a validated transaction, and processing a payment. The check-in data can include a merchant identifier and user information identifying a user registered with the check-in service and associated with a mobile device. The pre-approval can include a one-time-user PIN. The validated transaction can include the one-time-user PIN associated with the pre-approval.08-01-2013
20130198077SEEDING CHALLENGES FOR PAYMENT TRANSACTIONS - Systems, methods, and apparatus are provided for authenticating a consumer using challenge questions. A response to a challenge question is verified via seeding the challenge question, receiving response, and deductively determining the answer. The verified response and challenge question may then be used to authenticate a consumer as part of an authorization process.08-01-2013
20130198081SYSTEMS AND METHODS FOR FACILITATING CARD PRESENT TRANSACTIONS - This disclosure describes systems and methods related to facilitating card present transaction. In one embodiment, a service provider system may receive a request from a merchant to initiate a card present transaction associated with a consumer. The service provider system may determine an identifier associated with a mobile device associated with the consumer. The service provider system may communicate to the mobile device, based at least in part on the identifier, a message that facilitates invocation of a transaction module associated with the mobile device. The service provider system may facilitate the car present transaction based at least in part on an interaction with the transaction module.08-01-2013
20130198082PAYMENT SERVICE THAT PROVIDES OPTION TO AUTHENTICATE WITH EXTERNAL AUTHENTICATION SERVICE - A system and associated methods are disclosed for enabling users to use third party account login information to make payments to merchants. A payment service receives a user's identifier in response to a user authentication request sent over a network to an authentication service of an information or credit service. The user authentication request includes login credentials of the user for the information service or credit and is associated with a payment page of a merchant that has an account with the payment service. The payment service receives the user identifier when the information or credit service validates the login credentials. Based at least in part on the user identifier, the payment service receives payment information from the information or credit service. The payment service provides the user with an option to use the retrieved payment information to make a payment to the merchant.08-01-2013
20130198083Systems, methods and devices for trusted transactions - The invention discloses a system for enhancing trust in transactions, most particularly in remote transactions between a plurality of transactional parties, for instance a seller and buyer(s) of goods and/or services over a public computer network such as the internet. Trust is disclosed to be a multivalent commodity, in that the trust that is to be enhanced relates to information about the subject matter of the transactions (e.g., the suitability of the goods and services sold), the bona fides of the supplier of the goods and services, the appropriateness of a pricing structure for a particular transaction or series of transactions, a quantum of additional transactional value that may be imparted to the transactional relationship, security of information exchange, etc.08-01-2013
20130198074SYSTEM AND METHOD FOR PRE-PURCHASING GASOLINE - A method is provided for permitting a consumer to purchase gasoline without contemporaneously taking delivery of the gasoline. The method includes establishing a credit of a purchase of gasoline at a specified price per unit, without delivery. The method further includes authenticating a purchase of a certain number of units of gasoline at a certain price per unit, with delivery, from a gas retailer. The purchase is compared with the credit to determine if the credit may be redeemed with the sale. If so, the sale amount is adjusted to reflect an adjusted sale amount, and the adjusted sale amount is then cleared as a final transaction. Advantageously, with the subject invention, a consumer may pre-purchase gasoline at an agreed-to price without delivery of the gasoline, with receiving credit at a subsequent purchase in a single transaction, even if the amount of gasoline exceeds the pre-purchase amount.08-01-2013
20130198075PROCESSING MONITOR SYSTEM AND METHOD - Systems and methods for monitoring transaction data and providing an indication regarding a performance parameter to a payment processing entity. Transaction data associated with a plurality of transactions conducted during a time interval is received. A server computer determines that the received transaction data meets a threshold. It is further determined whether a previous indication that the threshold has been met was provided to a payment processing entity, the previous indication being associated with a plurality of previous transactions conducted during a previous time interval. If the previous indication was not provided, an indication that the threshold has been met is provided to the payment processing entity, the indication including information regarding a performance parameter of the payment processing entity.08-01-2013
20130198080SYSTEM AND METHOD OF PROVIDING TOKENIZATION AS A SERVICE - Systems, devices, apparatuses, and methods for providing tokenization as a service are provided. Embodiments of the invention involve decoupling a “tokenization service” from other services offered by a merchant service provider, and offering the tokenization service as a stand-alone service. In accordance with an embodiment, a merchant service provider can receive payment data associated with a transaction between a consumer and a first entity. The merchant service provider can generate a payment token that represents the payment data and transmit a copy of the payment token to the first entity. The first entity can then transmit the payment token and order information to a second entity specified in the transaction. The merchant service provider can subsequently receive a request to complete the transaction from the second entity. The request can include the copy of the payment token from the second entity.08-01-2013
20130198079Verification of Online Transactions - Systems, methods and devices described herein enable improved identity verification during online financial transactions. In particular, the features of various implementations are used to enable identity verification of account holders of credit cards, debit cards, and other payment instruments during online transactions. For example, in some implementations systems, methods and devices are operable to compare one or more encoded and/or encrypted images of facial features obtained upon activation of the payment instrument or security measures with one or more encoded and/or encrypted images of facial features obtained during a subsequent online transaction to verify that the individual offering the payment instrument as a form of payment is the true and authorized user of the payment instrument. Additionally and/or alternatively, a voice print record and/or location information may be combined with the use of the encoded and/or encrypted images to provide additional security.08-01-2013
20130103587SECURE AND PORTABLE PAYMENT SYSTEM - Payment systems are provided that utilize a portable device, and in particular, payment systems that utilize a first portable device that belongs to a seller and a second portable device that belongs to a buyer, but do not utilize a point of sale (POS) device.04-25-2013
20090063346REAL TIME ACCOUNT UPDATE - A method is used in a system that includes a financial service provider coordinating accounts issued by an issuer to cardholders requesting credit from merchants. Each merchant has an acquirer with whom the financial service provider also coordinates the accounts. The method can be performed by a merchant sending a transmission to its acquirer including a request for a transaction against one account to which the merchant receives a denial or prior to receiving such a denial. The merchant then requests information from the financial service provider who responds by sending the requested information, upon which the merchant determines whether to extend the credit. When the method is performed by a financial service provider, in response to the denial received by one merchant or prior to such denial, the financial service provider receives a transmission from the merchant including a request for information about the account. In response, the financial service provider sends the merchant the requested information.03-05-2009
20130204785MOBILE MANAGED SERVICE - One embodiment of the invention is directed to a method comprising receiving, at a mobile payment system, transaction information from a mobile device operated by an originating user. The method further comprises generating, by the mobile payment system, a transaction request message using the transaction information from the mobile device operated by the originating user and analyzing, by the mobile payment system, the transaction request message to determine a type of the transaction. The method further comprises processing, by the mobile payment system, the transaction based on the type of the transaction, wherein the mobile payment system is configured to integrate at least two of an issuer, acquirer, and payment processing network functional modules.08-08-2013
20130204789UTILIZING PHRASE TOKENS IN TRANSACTIONS - A system and method for facilitating transactions utilizing phrase tokens are provided. Individual entities can be associated with unambiguous transaction phrase tokens, such as multiple word phrases. The transaction phrase tokens are associated with transaction accounts by a service provider such that the entities can complete a transaction without having to exchange transaction account information. In a transaction, a transaction phrase token is offered to an accepting party, which tenders the offered transaction phrase token to the service provider. The service provider processes the offered transaction phrase token according to configuration information specified for the transaction phrase token. The service provider can automatically process the transaction request or request additional information.08-08-2013
20130204792Decoding systems with a decoding engine running on a mobile device and coupled to a social network - A decoding system has a decoding engine running on a mobile device. The decoding engine decodes signals produced from a read of a first party's financial transaction card, accepts and initializes incoming signals from a read of a first party's financial transaction card, and detects a read of the first party's financial transaction card. The transaction engine receives as its input decoded first party's financial transaction card information from the decoding engine, and serves as an intermediary between the first party and a second party, so that the first party does not have to share his/her financial transaction card information with the second party. A social network is in communication with the transaction engine.08-08-2013
20130204788Cost effective card reader and methods to be configured to be coupled to a mobile device - A decoding system, with a decoding engine, runs on a mobile device. The decoding engine decodes signals produced from a read of a first party's financial transaction card. The decoding engine accepts and initializes incoming signals from a read of the first party's financial transaction card until the signals reach a steady state, identifies peaks in the incoming signals and digitizes the identified peaks into bits. A transaction engine is coupled to the decoding engine. The transaction engine receives, as its input, decoded first party's financial transaction card information from the decoding engine, and serves as an intermediary between the first party and a second party. The first party does not have to share his/her financial transaction card information with the second party. The transaction engine is configured to be coupled to a payment system and a first party's financial transaction card institution or a first party's financial account.08-08-2013
20130204790UTILIZING PHRASE TOKENS IN TRANSACTIONS - A system and method for facilitating transactions utilizing phrase tokens are provided. Individual entities can be associated with unambiguous transaction phrase tokens, such as multiple word phrases. The transaction phrase tokens are associated with transaction accounts by a service provider such that the entities can complete a transaction without having to exchange transaction account information. In a transaction, a transaction phrase token is offered to an accepting party, which tenders the offered transaction phrase token to the service provider. The service provider processes the offered transaction phrase token according to configuration information specified for the transaction phrase token. The service provider can automatically process the transaction request or request additional information.08-08-2013
20130204787AUTHENTICATION & AUTHORIZATION OF TRANSACTIONS USING AN EXTERNAL ALIAS - Described herein is a transaction system (08-08-2013
20130204784SYSTEM AND METHOD FOR PROCESSING TRANSACTIONS - An electronic transaction processing system comprising an inbound payment processing module, an outbound payment processing module, an authorization module, and a data store containing financial account data relating to an entity. The authorization module is arranged to authorize processing of outbound payments by the outbound payment processing module, the financial account data defines a currency amount corresponding to working capital of the entity, inbound payments processed by the inbound payment processing module are added to said currency amount, and authorized outbound payments processed by the outbound payment processing module are removed from said currency amount.08-08-2013
20130204786Verification of Online Transactions - Systems, methods and devices described herein enable improved identity verification during online financial transactions. In particular, the features of various implementations are used to enable identity verification of account holders of credit cards, debit cards, and other payment instruments during online transactions. For example, in some implementations systems, methods and devices are operable to compare one or more encoded and/or encrypted images of facial features obtained upon activation of the payment instrument or security measures with one or more encoded and/or encrypted images of facial features obtained during a subsequent online transaction to verify that the individual offering the payment instrument as a form of payment is the true and authorized user of the payment instrument. Additionally and/or alternatively, a voice print record and/or location information may be combined with the use of the encoded and/or encrypted images to provide additional security.08-08-2013
20130204791Decoding systems with a decoding engine running on a mobile device and coupled to a payment system that includes identifying information of second parties qualified to conduct business with the payment system - A decoding system with a decoding engine running on a mobile device The decoding engine decodes signals produced from a read of a buyer's financial transaction card, accepts and initializes incoming signals from a read of a buyer's financial transaction card until the signals reach a steady state, detects the read of the buyer's financial transaction card once the incoming signals are in a steady stat, identifies peaks in the incoming signals and digitizes the identified peaks in the incoming signals into bits. A transaction engine runs on the mobile device and is coupled to the decoding engine. A payment system is in communication with the transaction engine and with a buyer's financial transaction card institution or a first party's financial account. The payment system includes identifying information of second parties qualified by the payment system to conduct business with the payment system.08-08-2013
20120072349AUTHORIZATION REFRESH SYSTEM AND METHOD - Limited use account identifiers or secondary account identifiers are enabled with refresh capability. The refreshable account identifiers are used in financial transactions and, specifically, in transaction situations where multiple and/or duplicate authorization requests are submitted by a merchant for the same or related transactions. The limited use account identifiers may be used by intermediaries that coordinate the purchase of an item for a merchant/buyer. An authorization refresh may be performed by the account issuer and/or the intermediary if a settlement request is received for a transaction.03-22-2012
20120072348AUTHORIZATION REFRESH SYSTEM AND METHOD - Limited use account identifiers or secondary account identifiers are enabled with refresh capability. The refreshable account identifiers are used in financial transactions and, specifically, in transaction situations where multiple and/or duplicate authorization requests occur for the same or related transactions. The limited use account identifiers may be used by intermediaries that coordinate the purchase of an item for a buyer. An authorization refresh may be performed by the account issuer and/or the intermediary if a settlement request is received for a transaction.03-22-2012
20120072347POLICY-BASED PAYMENT TRANSACTION ROUTING SERVICE FOR CREDIT CARD PAYMENT PROCESSING - The present document describes a method, processing device and computer readable media, for routing a credit card payment transaction over a communication network. The method comprises receiving an authorization request for the credit card payment transaction at a payment processor, the authorization request being generated at a merchant terminal of a merchant. The method also comprises: at the payment processor, determining an optimal transaction route for sending the authorization request over the communication network to one of multiple acquirer servers, each one of the multiple acquirer servers being associated to one of multiple acquiring financial institutions of the merchant, the determining being based on payment processing costs associated to routing the authorization request from the merchant terminal to each one of the multiple acquirer servers; the payment processor routing the authorization request to the one of the multiple acquirer servers implementing the optimal transaction route; the payment processor receiving, from the one of the multiple acquirer servers, an authorization response for the authorization request; the payment processor forwarding the authorization response to the merchant terminal; and the merchant terminal displaying the authorization response forwarded by the payment processor, to thereby notify a user of the authorization response.03-22-2012
20120078793FINANCIAL INSTRUMENT HAVING LOAN PROCEEDS AND PRE-PAID CHARACTERISTICS - Financial methods and systems for using a financial instrument are disclosed. A financial account includes both a loan balance portion and a pre-paid cash balance portion. The loan balance portion and the pre-paid cash balance portion are used in performing a purchase transaction. The purchase transaction is initiated by the account holder using the financial instrument. A prioritization scheme is selected that indicates an order of priority of the loan balance portion and the pre-paid cash balance portion of a financial account. A purchase amount is applied to the financial account according to the prioritization scheme. A transaction fee is not charged by the financial institution when any portion of the loan balance portion is applied to the purchase amount. And, a transaction fee is charged by the financial institution when no portion of the loan balance portion is applied to the purchase amount.03-29-2012
20120084209SYSTEM AND METHOD FOR SELECTION OF PAYMENT SYSTEMS FROM A PAYMENT SYSTEM DIRECTORY TO PROCESS A TRANSACTION - Dynamically enabling and facilitating businesses or other entities to locate and transact with payment systems for the purpose of processing payments. A customer interacts with a supplier of an item (e.g., goods or services), selects an item for purchase, and provides the supplier with payment criteria. The supplier queries a payment system directory to locate candidate payment systems for the transaction. The supplier then interacts directly with one or more of the payment systems to partially or fully process payment for the transaction. Alternatively, the supplier interacts with a gateway service, which queries a payment system directory to locate candidate payment systems and then interacts with one or more of the payment systems to process payment for the transaction.04-05-2012
20120084207METHODS AND APPARATUS FOR PREVENTING FRAUD IN PAYMENT PROCESSING TRANSACTIONS - A method includes receiving an authorization request for a purchase transaction, and determining whether the authorization request arose from proximity-reading a proximity payment device. The method further includes mapping a first account number included in the authorization request into a second account number associated with the first account number if it is determined that the authorization request arose from proximity-reading a proximity payment device and if the first account number is qualified for mapping. In addition, the method includes transmitting the authorization request to an issuer financial institution with the second account number substituted for the first account number in the authorization request.04-05-2012
20120084206SYSTEM AND METHOD FOR SECURE TRANSACTIONS AT A MOBILE DEVICE - A system and method for conducting money transfer transactions using mobile devices includes a money transfer host computer that facilitates the collection of fingerprint data for the mobile devices and personal data for users of the mobile devices. The personal data can include a user photo. In order to enable the mobile devices, both the fingerprint data and the personal data are collected, and at least the personal data is verified. To authorize transactions at an enabled mobile device, the fingerprint data and personal data are compared to reference data, and based on the comparison and on a threshold established for the comparison, a transaction is authorized or rejected.04-05-2012
20130212022SECURE AUTHENTICATION AND PAYMENT SYSTEM - The present invention provides a service for allowing secure financial transactions to be carried out, the service involving authenticating a user's identity and/or status as part of a financial transaction with another party and in the event that the user is authenticated arranging for the transaction to be completed without revealing the user's financial details and/or other personal details to that other party. Authentication data and transaction data may be communicated over any suitable communications channel(s). The invention provides a trusted authentication and payment environment that protects a user's financial details, but allows them to be securely authenticated and arranges for transactions to be fulfilled, whilst providing other parties with reassurance that transactions will be completed. In this way, fraud and theft due to misappropriation of financial details can be minimized.08-15-2013
20130212023OFFSETTING FUTURE EXCEEDED ACCOUNT THRESHOLD PAYMENTS - In general terms, embodiments of the present invention relate to methods and apparatuses for offsetting future exceeded account threshold payments. In some embodiments, a method is provided that includes: (a) receiving one or more payments for offsetting one or more future exceeded account threshold payments associated with an account; (b) receiving transaction information associated with a transaction, where the transaction involves the account, and where the transaction is initiated after the receiving the one or more payments; (c) determining, based at least partially on the transaction information, that the account will incur an exceeded account threshold as a result of the transaction; (d) determining that the one or more payments are sufficient to offset an exceeded account threshold payment associated with the exceeded account threshold; and (e) authorizing the transaction based at least partially on the determining that the one or more payments are sufficient.08-15-2013
20130212021AMOUNT-EXCEEDING-CREDIT-THRESHOLD SERVICE SUBJECT TO CONDITION - In general terms, embodiments of the present invention relate to methods and apparatuses for providing an amount-exceeding-credit-threshold service subject to one or more predetermined conditions. For example, in some embodiments, a method is provided that includes: determining that an account will exceed a credit threshold associated with the account as a result of a transaction, determining that a predetermined condition is met and/or that the consent of the holder of the account is valid for the transaction, and authorizing the transaction based at least partially on receiving the consent, determining that the holder's consent is valid for the transaction, and/or determining that the predetermined condition is met.08-15-2013
20130212020AUTHENTICATION PLATFORM FOR PIN DEBIT ISSUERS - A system and method processes a transaction between a merchant and a consumer. Data indicate of the security of a digital processing device being used by the consumer to carry out the transaction with the merchant is received. A determination as to whether the digital processing device is secure is made using the received data. In response to determining the digital processing device is insecure, the transaction is aborted. In response to determining the digital processing device is in secure, the transaction is processed by at least one of authenticating the consumer, authorizing the transaction using a payment processing supply chain, and capturing funds for the transaction using a payment processing supply chain.08-15-2013
20130212019TOKENIZATION OF PAYMENT INFORMATION IN MOBILE ENVIRONMENTS - Data can be protected in mobile and payment environments through various tokenization operations. A mobile device can tokenize communication data based on device information and session information associated with the mobile device. A payment terminal can tokenize payment information received at the payment terminal during a transaction based on transaction information associated with the transaction. Payment data tokenized first a first set of token tables and according to a first set of tokenization parameters by a first payment entity can be detokenized or re-tokenized with a second set of token tables and according to a second set of tokenization parameters. Payment information can be tokenized and sent to a mobile device as a token card based on one or more selected use rules, and a user can request a transaction based on the token card. The transaction can be authorized if the transaction satisfies the selected use rules.08-15-2013
20130212018INTELLIGENT AUTHENTICATION - Systems and methods for intelligently authenticating payment transactions are disclosed. A user initiates a payment transaction to purchases goods or services from a merchant. The merchant sends a payment initiation request to a server computer in communication with a payment processing network and an issuer. The server computer queries various databases to determine one or more available communication channels that may be used as authentication channels by the issuer. The server computer also determines one or more communication channels, available for use by a mobile device of the user, that may be used as authentication channels to authenticate the payment transaction. The user is provided with a list of available/eligible authentication channels. User selects one of the authentication channels and the issuer is notified of the selection. The issuer uses the selected authentication channel to communicate with the user and authenticate the payment transaction.08-15-2013