Method and system for verifying use of a financial instrument

Details Method and system for verifying use of a financial instrument Method and system for verifying use of a financial instrument

2008-10-10

2010-11-02

Cheung, Mary (Department: 3694)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S001100, C705S026640, C705S039000, C705S030000

Reexamination Certificate

active

07827107

ABSTRACT:
A system of verifying a purported registrant's ownership or control of a payment instrument includes a communication device, a memory and a processor coupled to the communication device and to the memory. A payment instrument verification module stored in the memory and executable by the processor is adapted to receive information relating to the payment instrument from a registrant, initiate a financial transaction involving the payment instrument via the communication device, generate a dispute amount for the financial transaction, receive via the communication device a notification from a financial institution of the registrant that the financial transaction has been disputed by a comparison amount and compare the comparison amount with the dispute amount for purposes of verifying the payment instrument.

REFERENCES:
patent: 2001/0051917 (2001-12-01), Bissonette et al.
patent: 2007/0051795 (2007-03-01), Shipman
patent: 2001271968 (2007-03-01), None
patent: 02/05224 (2002-01-01), None
PCT International Search Report of PCT International Application No. PCT/US01/21725, Aug. 29, 2002, 2 pages.

Affiliated with

Also associated with

Rating

Method and system for verifying use of a financial instrument does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Method and system for verifying use of a financial instrument, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method and system for verifying use of a financial instrument will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-4165479