System and method for securing a credit account

Details System and method for securing a credit account System and method for securing a credit account

2010-06-22

2011-12-13

Le, Thien M. (Department: 2887)

Registers

Systems controlled by data bearing records

Credit or identification card systems

C379S381000, C379S382000

Reexamination Certificate

active

08074879

ABSTRACT:
A system and method is disclosed for verifying a commercial transaction between a card-holder, a merchant, and a credit card company. The card-holder makes a purchase with the merchant using a full credit card number. The merchant submits a transaction approval request for approval with the credit card company. The credit card company executes conventional credit approval of the transaction approval request, as well as verifies the transaction approval request with the card-holder. An approval is sent to the merchant only after the transaction approval request is both conventionally approved by the credit card company and verified by the card-holder. The card-holder, or the credit card company, may initiate verification of the transaction approval request. The transaction approval request can also be automatically verified if one or many pre-verification criteria is/are satisfied by data contained in the transaction approval request. The pre-verification criteria can be initially determined and/or modified by the card-holder. As another security feature, the card-holder may selectively activate and deactivate their credit card/account as desired. The credit card itself includes indicia of security measures.

REFERENCES:
patent: 6339766 (2002-01-01), Gephart
patent: 6422462 (2002-07-01), Cohen
patent: 7264154 (2007-09-01), Harris
patent: 7702578 (2010-04-01), Fung et al.
patent: 7753265 (2010-07-01), Harris
patent: 2001/0047330 (2001-11-01), Gephart et al.
patent: 2002/0169720 (2002-11-01), Wilson et al.
patent: 2004/0078325 (2004-04-01), O'Connor
patent: 2004/0133507 (2004-07-01), Barbour
patent: 2004/0148259 (2004-07-01), Reiners et al.
patent: 2006/0261152 (2006-11-01), Wong
patent: H10-105627 (1998-04-01), None
patent: 2000-306161 (2000-11-01), None
JP Application No. 2007-521513, Office Action dated Jul. 6, 2011 (with English summary).

Affiliated with

Also associated with

Rating

System and method for securing a credit account does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with System and method for securing a credit account, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for securing a credit account will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-4262453