US 2010/0250411 A1 · METHOD AND SYSTEM FOR CENTRALIZED IDENTITY AND ACCOUNT CONTROLS

Abstract

The method and system provides consumers with the ability to define and control their identity and accounts to minimize vulnerability to identity theft and credit fraud. This is accomplished using a centralized system where consumers can define their identity and account profile and define rules that control access to their identity and accounts. This process works independently of existing credit bureaus and credit authorization processes, creating a dual authentication and authorization system. The primary feature of the invention is a centralized database that is controlled by consumers. The database contains information and rules defined by the consumer that will proactively protect their identity and accounts. The idea is to minimize the allowable access to consumer's identity and accounts. This creates an additional layer of protection that eliminates fraud.

Claims20

Dependent claims

A computer-implemented method for centralized identity and account controls, comprising the computer-implemented steps of:

receiving consumer identity and account data by an identity and account management process;
processing the consumer identity and account data and storing the data in a database;
accessing consumer identity and account data stored in the database by an identity and account authorization process;
verifying consumer identity and account data by the account authorization process to authorization requestors for enabling transaction authorization;
accessing consumer identity and account data stored in the database by a remote update process;
updating remote users by the remote update process with consumer identity and account data for enabling remote users to perform consumer identity and account authorization processes;
and
monitoring authorization requests by a notification process for providing consumer notification based on consumer notification rules defined stored in the database.

5 more elements

A computer system for centralized identity and account controls, comprising;

means for receiving and storing in a database consumer identity and account data including a consumer identity profile, identity rules, account profile, account rules and notification rules;
means for verifying consumer identity and account data to authorization requestors based on the consumer identity and account data stored in the database;
remote update process means for updating remote users with consumer identity and account data based on the consumer identity and account data stored in the database;
and
means for notifying consumers of transactions based on the notification rules stored in the database.

2 more elements

Dependencies are inferred from the claim text.

Method and system for centralized identity and account controls

Life of this patent

Method and system for centralized identity and account controls

Life of this patent

Abstract

Claims20