Patent application number | Description | Published |
20110010237 | SYSTEM AND METHOD FOR DISTRIBUTED PAYMENT PRODUCTS - A method for generating and distributing a plurality of financial child products to a group of recipients that can then be used for payment transactions by each recipient. The method includes receiving a selection of a core account that provides financial backing for the financial child products, and receiving a list of recipients that defines the group of recipients to which the financial child products are distributed. The method further includes generating the financial child products, where each financial child product is structured with one or more control parameters that define user restrictions for the financial child product, and causing the financial child products to be distributed to at least one recipient included in the list of recipients. Advantageously, since creating, distributing, and redeeming of the financial child products is performed using existing legacy networks, financial institutions only need to minimally modify legacy payment processing infrastructure to support these distributed payment products. | 01-13-2011 |
20110184856 | SYSTEMS AND METHODS FOR CONTROLLING PAYMENT PROCESSING - A computer-implemented method for generating a financial product that is configured to be used for one or more payment transactions. The method includes receiving a selection of a plurality of core accounts for providing financial backing for the financial product, and generating the financial product based on one or more control parameters that define use restrictions for the financial product. | 07-28-2011 |
20110184857 | SYSTEMS AND METHODS FOR CONTROLLING PAYMENT PROCESSING - A computer-implemented method for generating a financial product that is configured to be used for one or more payment transactions. The method includes receiving a selection of a plurality of core accounts for providing financial backing for the financial product, and generating the financial product based on one or more control parameters that define use restrictions for the financial product. | 07-28-2011 |
20110184858 | SYSTEMS AND METHODS FOR MANAGING ACCOUNTS PAYABLE - A computer-implemented method for generating a first accounts payable financial product that is configured to be used for one or more payment transactions. The method includes receiving a selection of a core account for providing financial backing for the first accounts payable financial product; receiving a selection of a first recipient payee to which the first accounts payable financial product is to be distributed; generating the first accounts payable financial product based on one or more control parameters that define use restrictions for the first accounts payable financial product; and causing the first accounts payable financial product to be distributed to the first recipient payee. | 07-28-2011 |
20110184866 | SYSTEMS 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 |
20120271757 | SYSTEMS AND METHODS FOR MANAGING ACCOUNTS PAYABLE - A computer-implemented method for generating a first accounts payable financial product that is configured to be used for one or more payment transactions. The method includes receiving a selection of a core account for providing financial backing for the first accounts payable financial product; receiving a selection of a first recipient payee to which the first accounts payable financial product is to be distributed; generating the first accounts payable financial product based on one or more control parameters that define use restrictions for the first accounts payable financial product; and causing the first accounts payable financial product to be distributed to the first recipient payee. | 10-25-2012 |
20120330825 | PROCESSING A PURCHASE TRANSACTION BASED ON DIFFERENT PAYMENT METHODS - A computer-implemented method for processing a purchase transaction initiated by a user including receiving a credit card transaction involving a financial product, processing the credit card transaction, and choosing a form of payment for the credit card transaction based on a preset rule. | 12-27-2012 |
20130132282 | APPARATUS AND METHODS FOR PAYMENT TRANSACTIONS USING NEAR FIELD COMMUNICATION - In one embodiment, the mobile device includes an NFC tag for near field communication. The NFC tag may include a first storage device and a second storage device. Personal data is stored on the first storage device, which is not accessible by a NFC reader device. Prior to a transaction, the personal data is transmitted from the first storage device to the second storage device, where the data is readable or accessible by the reader device. After transmission of the data to the reader device, the data on the second storage is erased. In this respect, the data is not available for eavesdropping by an unauthorized reader device. In one embodiment, the data remains stored in the first storage device and available for future use. In another embodiment, the data comprises financial product data. | 05-23-2013 |
20140237240 | METHOD AND SYSTEMS FOR THE AUTHENTICATION OF A USER - A computer security system used to identify and authenticate a user. In one aspect, a method for identifying and authenticating a user is provided. The method includes establishing a trust between a server machine and an agent on a user machine. The method further includes establishing a session key to encrypt communications between the server machine and the agent. The method also includes receiving a username and password for use in validating the user. Additionally, the method includes creating an executable binary for the extraction of device data from the user machine to uniquely identify the machine. In another aspect, a computer-readable medium including a set of instructions that when executed by a processor causes the processor to identify and authenticate the user is provided. In a further aspect, a system for identifying and authenticating a user is provided. | 08-21-2014 |
Patent application number | Description | Published |
20080298588 | METHODS AND SYSTEMS FOR THE AUTHENTICATION OF A USER - The present invention generally relates to a computer security system for use in the identification and authentication of a user. In one aspect, a method for identifying and authenticating a user is provided. The method includes establishing a trust between a server machine and an agent on a user machine. The method further includes establishing a session key to encrypt communications between the server machine and the agent. The method also includes receiving a username and password for use in validating the user. Additionally, the method includes creating an executable binary for the extraction of device data from the user machine to uniquely identify the machine. In another aspect, a computer-readable medium including a set of instructions that when executed by a processor causes the processor to identify and authenticate the user is provided. In a further aspect, a system for identifying and authenticating a user is provided. | 12-04-2008 |
20090281944 | Systems And Methods For Secure Debit Payment - A method for generating a personal identification number (PIN) debit child product for use in performing a debit payment transaction with a merchant entity. A payment processing platform receives a user selection of a financial institution made via a merchant payment page and directs the user to authenticate a user identity with the financial institution. The payment processing platform receives a user selection of a core account held with the financial institution, such that the core account provides financial backing for the PIN debit child product. The PIN debit child product is generated that includes a child card number and a virtual PIN associated with the core account. Advantageously, the method provides the ability to make PIN debit transaction on the Internet. | 11-12-2009 |
20090281945 | Payment Processing Platform - A method for processing a child transaction involving a child product that is linked to a core account and is to be used for payment transactions within use restrictions defined by one or more control parameters. A payment processing platform receives one or more attributes defining the child transaction that is initiated at a merchant entity and compares the one or more attributes to the one or more control parameters. A child card number associated with the child transaction is determined, and a core account number, which is associated with the core account based on the child card number, is identified. Advantageously, the financial institution does not need to modify its legacy payment processing infrastructure in order to process payment transactions made using the child product. Additionally, child products protect consumers from fraud or identity theft and limit a customer's exposure when child products are lost or stolen. | 11-12-2009 |
20090281951 | Payment Processing Platform - A method for generating a child product that is linked to a core account. A payment processing platform receives a user selection of control parameters that define use restrictions for the child product and the core account that provides financial backing for the child product. The child product is generated and may be used for payment transactions within the use restrictions defined by the control parameters. The child product is delivered to a recipient as a physical card or as a virtual card or both as a physical card and a virtual card. Advantageously, the financial institution needs to modify its legacy payment processing infrastructure minimally in order to process payment transactions made using the child product. From a user perspective, child products protect consumers from fraud or identity theft and limit a customer's exposure when child products are lost or stolen. | 11-12-2009 |