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US 2002/0170959 A1Published application
Universal authorization card system and method for using same
AssigneeInadam Corporation
InventorMasih Madani
Life of this patent
Estimating the term…
Abstract
A universal card including encrypted cardholder data and a preferably self executing program, wherein the program loads onto a cardholder's computer and enables the cardholder data to be remotely accessed.
Claims34
A method for conducting a transaction between a cardholder, a remote merchant and an issuing institution, comprising:
- establishing a first session between said card holder and said merchant via a network;
- communicating encrypted cardholder data from said card holder to said issuing institution via said network;
- establishing a second session between said cardholder and said issuing institution;
- decrypting said cardholder data at said issuing institution;
- and
- querying the cardholder for a PIN number, wherein the issuing institution verifies the PIN number and wherein the issuing institution authorizes the transaction upon verification.
3 more elements
A universal card comprising computer readable media formed on a first portion of said card and a magnetic stripe formed on a second portion or said card.
A system for facilitating online transactions comprising:
- a universal card having card holder data stored in computer readable media formed on a first portion of said universal card;
- a cardholder computing system comprising a local device for reading said computer readable media formed on said universal card and authorization means for communicating encrypted cardholder data to an issuing institution via a network;
- and
- wherein said issuing institution comprises means for reading said encrypted cardholder data and querying said cardholder for a access code assigned to the cardholder and wherein the issuing institution authorizes the transaction in accordance with said verification.
1 more element
A method for conducting an online transaction, comprising:
- issuing a universal card to a cardholder, wherein the universal card comprises computer readable media comprising cardholder data and authorization means which enable said cardholder data to be remotely accessed;
- issuing a PIN number to the cardholder, wherein the PIN number is used to verify the identity of the cardholder during the online transaction;
- remotely accessing said cardholder data during an online transaction;
- communicating said cardholder data to an issuing institution;
- and
- querying the cardholder for his PIN number, wherein the issuing institution verifies the PIN number and authorizes the transaction upon verification.
3 more elements
Dependencies are inferred from the claim text.