Authentication system for financial transactions
AssigneeFirst Data Corporation
InventorNancy B. Loomis
Life of this patent
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Abstract
In one embodiment, a computerized method for authenticating a financial account when making a purchase utilizes a merchant computer system which receives a purchase request from an account holder. The merchant computer system prepares transaction data that comprises account holder account data and authentication information. The transaction data is transmitted to a financial institution of the account holder. Subsequently, the merchant computer system receives the authentication information that was obtained by the account holder from the financial institution. The authentication information from the account holder is analyzed and future transactions are authenticated if the authentication information is correct.
Claims25
A computerized method for authenticating a financial account when making a purchase, the method comprising:
- receiving at a merchant computer system a purchase request from an account holder;
- at the merchant computer system, preparing transaction data that comprises account holder account data and authentication information;
- transmitting the transaction data to a financial institution of the account holder;
- receiving at the merchant computer system the authentication information obtained by the account holder from the financial institution;
- analyzing the authentication information from the account holder and flagging the financial account as being authenticated for subsequent transactions if the authentication information is correct.
An authentication method comprising:
- receiving from a merchant at a financial institution computer system account holder transaction data comprising account holder account data and authentication information;
- receiving at the financial institution computer a request from the account holder to access the authentication information;
- providing to the account holder the authentication information.
An authentication system comprising:
- a merchant computer system that is configured to receive a purchase request from an account holder, to prepare transaction data that comprises account holder account data and authentication information, and to transmit the transaction data to a financial institution of the account holder;
- wherein the merchant computer system is further configured to receive the authentication information obtained by the account holder from the financial institution and to analyze the authentication information from the account holder;
- and
- wherein the merchant computer system is further configured to flag an account of the account holder as authenticated for subsequent transactions if the authentication information is correct.
Dependencies are inferred from the claim text.