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US 2003/0164851 A1Published application
Method and system for securing credit transactions
OwnerJames E. Smithinventor
Life of this patent
Estimating the term…
Abstract
In a method of securing credit transactions between a buyer and a merchant, purchaser authenticating information is gathered from the purchaser, and once authenticated, the merchant is authorized. The purchaser is authenticated by enabling the purchaser's machine with enabling software and gathering purchaser authenticating information from the purchaser or by communicating the authenticating information from the purchaser's enabled smart card.
Claims8
A method of securing credit transactions between a buyer and a merchant, comprising
- requesting purchaser authenticating information from the purchaser,
- authenticating the purchaser, and
- authorizing the merchant once the purchaser has been authenticated, wherein the purchaser is authenticated by enabling the purchaser's machine with enabling software and gathering purchaser authenticating information from the purchaser.
A method of securing credit transactions between a buyer and a merchant, comprising
- requesting purchaser authenticating information from the purchaser,
- authenticating the purchaser, and authorizing the merchant once the purchaser has been authenticated, wherein the purchaser provides authenticating information in the form of a smart card, and the smart card includes enabling code that allows it to communicate with an issuing bank computer through the merchant's computer.
Dependencies are inferred from the claim text.