US 2014/0195428 A1 · AUDIO-BASED ELECTRONIC TRANSACTION AUTHORIZATION SYSTEM AND METHOD

Abstract

Methods and systems for facilitating and authorizing electronic transactions with various devices and systems are disclosed. Embodiments of the present invention utilize audio messages to initiate, process and complete transactions between two or more parties, allowing users to efficiently and effectively enter into and complete financial transactions with businesses and other users. The need to utilize text-based entry as part of the verification process—an inefficient, error-prone and insecure authorization mechanism—is minimized and, in some embodiments, avoided altogether. Unlike recently developed authorization methods, embodiments of the present invention may be implemented using any number of existing devices including, analog or digital televisions, radios, smartphones, tablets computers, and other devices. Embodiments of the present invention may also be utilized to facilitate authorization for various other transactions including to access to an account, website or other locations, to accept or propose trades, to sign a legal or non-legal document, and to verify identity.

Claims30

Dependent claims

A method of authorizing an electronic transaction, the method comprising:

communicating to a request-emitting system a request signal containing an encoded audio request message, said request signal causing the encoded audio request message to be outputted at the request-emitting system for receiving by a receiving device,
wherein the outputted encoded audio request message causes the receiving device to:
automatically decode the encoded audio request message, the decoded audio request message containing a request identifier;
provide an authorization request to a user based on the decoded audio request message;
receive a request authorization from the user in order to generate an authorization response containing the request authorization and the request identifier;
receiving the authorization response from the receiving device;
and
processing the authorization response to provide authorization for the electronic transaction.

5 more elements

A system for facilitating the authorization of electronic transactions, the system comprising:

a processor;
at least one storage device coupled to the processor;
and
wherein the processor is adapted to communicate with the at least one storage device to execute instructions to perform the following:
communicating to a request-emitting system a request signal containing an encoded audio request message, said request signal causing the encoded audio request message to be outputted at the request-emitting system for receiving by a receiving device,
receiving an authorization response from the receiving device, the authorization response containing a request authorization and a request identifier;
and
processing the authorization response to provide authorization for the electronic transaction;
wherein the outputted encoded audio request message causes the receiving device to:
automatically decode the encoded audio request message, the decoded audio request message containing the request identifier;
provide an authorization request to a user based on the decoded audio request message;
receive a request authorization from the user in order generate the authorization response.

9 more elements

Dependencies are inferred from the claim text.

Audio-based electronic transaction authorization system and method

Life of this patent

Audio-based electronic transaction authorization system and method

Life of this patent

Abstract

Claims30