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US 8,620,810 B2Granted
Methods and systems for verifying transactions
AssigneeiSignthis Ltd
InventorNickolas John Karantzis
Life of this patent
Estimating the term…
Abstract
An aspect of the present invention provides a computer-implemented method for verifying authorization of a transaction. The method comprises the steps of: receiving a request to process an electronic transaction for a predetermined amount of money (215); dividing the predetermined amount into a plurality of charges (225); providing the plurality of charges to facilitate debiting of a financial instrument with each of the plurality of charges (235); receiving information relating to the plurality of charges from a user of the financial instrument after debiting of the charges (245); and verifying the transaction only if the information is correct (255).
Claims21
A computer-implemented method for verifying authorization of a transaction, when executed by a processor, causing the processor to perform the steps of:
- receiving a request to process a single electronic transaction for a predetermined amount of money, said request comprising data identifying a particular financial instrument;
- dividing the predetermined amount into a plurality of charges;
- storing information relating to said plurality of charges comprising one or more of the group consisting of:
- amount of each of said plurality of charges;
- and
- number of said plurality of charges;
- causing said financial instrument to be debited with each of said plurality of charges;
- receiving information relating to said plurality of charges from an originator of said request;
- comparing said information received from the originator of said request to said stored information relating to said plurality of charges to determine whether said information received from the originator of said request is correct;
- and
- verifying said transaction only if said information is correct.
8 more elements
A computer system for verifying authorization of a transaction, said computer system comprising:
- a memory for storing data and program instructions;
- and
- at least one processor coupled to said memory, said at least one processor programmed to:
- receive a request to process a single electronic transaction for a predetermined amount of money, said request comprising data identifying a particular financial instrument;
- divide the predetermined amount into a plurality of charges;
- store in memory information relating to said plurality of charges comprising one or more of the group consisting of:
- amount of each of said plurality of charges;
- and
- number of said plurality of charges;
- cause said financial instrument to be debited with each of said plurality of charges;
- receive information relating to said plurality of charges from an originator of said request;
- compare said information received from the originator of said request to said stored information relating to said plurality of charges to determine whether said information received from the originator of said request is correct;
- and
- verify said transaction only if said information is correct.
11 more elements
A non-transitory computer readable storage medium storing therein instructions that when performed by a processor cause a computer to:
- receive a request to process a single electronic transaction for a predetermined amount of money, said request comprising data identifying a particular financial instrument;
- divide the predetermined amount into a plurality of charges;
- store information relating to said plurality of charges comprising one or more of the group consisting of:
- amount of each of said plurality of charges;
- and
- number of said plurality of charges;
- cause said financial instrument to be debited with each of said plurality of charges;
- receive information relating to said plurality of charges from an originator of said request;
- compare said information received from the originator of said request to said stored information relating to said plurality of charges to determine whether said information received from the originator of said request is correct;
- and
- verify said transaction only if said information is correct.
8 more elements
A computer-implemented method for verifying transactions, when executed by a processor, causing the processor to perform the steps of:
- receiving a request to verify a single electronic transaction for a predetermined amount of money;
- dividing said predetermined amount into a plurality of charges;
- store information relating to said plurality of charges comprising one or more of the group consisting of:
- amount of each of said plurality of charges;
- and
- number of said plurality of charges;
- providing said plurality of charges to facilitate debiting of said financial instrument with each of said plurality of charges;
- receiving information relating to said plurality of charges, said information originating from a user of said financial instrument after said plurality of charges has been debited to said financial instrument;
- comparing said information received from said user to said stored information relating to said plurality of charges to determine whether said information received from said user is correct;
- and
- verifying said transaction only if said received information is correct.
8 more elements
A computer system for verifying transactions, said computer system comprising:
- a memory for storing data and program instructions;
- and
- at least one processor coupled to said memory, said at least one processor programmed to:
- receive a request to verify a single electronic transaction for a predetermined amount of money;
- divide said predetermined amount into a plurality of charges;
- store in memory information relating to said plurality of charges comprising one or more of the group consisting of:
- amount of each of said plurality of charges;
- and
- number of said plurality of charges;
- provide said plurality of charges to facilitate debiting of said financial instrument with each of said plurality of charges;
- receive information relating to said plurality of charges, said information originating from a user of said financial instrument after said plurality of charges has been debited to said financial instrument;
- compare said information received from said user to said stored information relating to said plurality of charges to determine whether said information received from said user is correct:
- and
- verify said transaction only if said received information is correct.
11 more elements
A non-transitory computer readable storage medium storing therein instructions that when performed by a processor cause a computer to:
- receive a request to verify a single electronic transaction for a predetermined amount of money;
- divide said predetermined amount into a plurality of charges;
- store in memory information relating to said plurality of charges comprising one or more of the group consisting of:
- amount of each of said plurality of charges;
- and
- number of said plurality of charges
- provide said plurality of charges to facilitate debiting of said financial instrument with each of said plurality of charges;
- receive information relating to said plurality of charges, said information originating from a user of said financial instrument after said plurality of charges has been debited to said financial instrument;
- compare said information received from said user to said stored information relating to said plurality of charges to determine whether said information received from said user is correct:
- and
- verify said transaction only if said received information is correct.
8 more elements
Dependencies are inferred from the claim text.