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US 2014/0156424 A1Published application
Credit card point of service payment authorization system
AssigneeSecurus, Inc.
InventorWayne Simmons
Life of this patent
Estimating the term…
Abstract
The risk of fraud in point of sale credit card transactions is reduced by providing independently-routed verification by communication between the authorized user of the credit card and the issuer of the credit card through a trusted intermediary.
Claims2
A system for secure verification of a point of sale transaction, comprising:
- (a) a network for allowing a merchant to request authorization of a transaction from a user's bank;
- (b) a mobile telephone which has been registered with a verifying agency as belonging to said user;
- (c) a network for communication between said bank and said mobile telephone, suitable for generating a request for confirmation that said transaction is authorized by said user;
- (d) an application running on said mobile telephone, suitable for sending a signal either confirming or refusing authorization to said bank;
- and
- (e) a network for allowing said bank to respond to said merchant with an approval or a denial of authorization in response to said signal from said mobile telephone.
3 more elements
A process for verifying the authenticity of a request for authorization of payment in a point of sale transaction, comprising:
- (a) Providing a system of networks comprising:
- (1) a network for allowing a merchant to request authorization of a transaction from a user's bank;
- (2) a mobile telephone which has been registered with a verifying agency as belonging to said user;
- (3) a network for communication between said bank and said mobile telephone, suitable for generating a request for confirmation that said transaction is authorized by said user;
- (4) an application running on said mobile telephone, suitable for sending a signal either confirming or refusing authorization to said bank;
- and
- (5) a network for allowing said bank to respond to said merchant with an approval or a denial of authorization in response to said signal from said mobile telephone;
- (b) initiating, by the merchant, of a request for authorization of said transaction;
- (c) generating a request to the user's registered mobile telephone for confirmation that said transaction is authorized by said user;
- (d) generating, by said user, a response to said request, either confirming or refusing authorization;
- (e) generating, by said bank, a response to said merchant either confirming or refusing authorization in response to the signal from said mobile telephone.
8 more elements
Dependencies are inferred from the claim text.