Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Including point of sale terminal or electronic cash register
Reexamination Certificate
2010-10-27
2011-12-27
Merchant, Shahid (Department: 3694)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Including point of sale terminal or electronic cash register
C705S035000, C705S038000, C705S039000, C705S040000
Reexamination Certificate
active
08086493
ABSTRACT:
Instead of a PIN which is associated with an account and provides access to an account, a dynamically generated card identifier (dynamic CID) is used to verify that the consumer currently possesses the transaction card at the time of purchase and/or is the true card owner. At the time of purchase, a token generates a dynamic CID, which changes with each transaction. A consumer enters the dynamic CID into a pre-existing CID field in an electronic order form. The merchant then sends the dynamic CID to a card authorization system within an authorization request. The card authorization system issues a response to a merchant system via a pre-existing authorization message indicating that the transaction card and dynamic CID have been validated, thereby adjusting the fraud risk associated with the transaction.
REFERENCES:
patent: 5996076 (1999-11-01), Rowney et al.
patent: 2006/0278698 (2006-12-01), Lovett
patent: 2007/0198405 (2007-08-01), Bishop et al.
patent: 2007/0260544 (2007-11-01), Wankmueller
patent: 2008/0040285 (2008-02-01), Wankmueller
patent: 2008/0054081 (2008-03-01), Mullen
patent: 2008/0306876 (2008-12-01), Horvath et al.
Global Credit Authorization Guide (v3.2), Aug. 11, 2006.
MasterCard SecureCode for Online Merchants, Jan. 2006.
PCT; International Search Report and Written Opinion dated Nov. 3, 2008 in Application No. PCT/US08/73555.
USPTO; Office Action dated May 1, 2009 in U.S. Appl. No. 11/847,088.
USPTO; Final Office Action dated Aug. 4, 2009 in U.S. Appl. No. 11/847,088.
USPTO; Advisory Action dated Sep. 30, 2009 in U.S. Appl. No. 11/847,088.
USPTO; Office Action dated Nov. 19, 2009 in U.S. Appl. No. 11/847,088.
USPTO; Final Office Action dated May 7, 2010 in U.S. Appl. No. 11/847,088.
USPTO; Adviosry Action dated Jun. 22, 2010 in U.S. Appl. No. 11/847,088.
USPTO; Notice of Allowance dated Sep. 20, 2010 in U.S. Appl. No. 11/847,088.
PCT; International Search Report and Written Opinion dated Nov. 3, 2008 in Application No. PCT/US2008/073555.
Colin Baptie; Visa by Topic; http://corporate.visa.com/md/fs/ecommerce/passcode—authorization.jsp?topic=tech; Mar. 21, 2007.
Visa by Topic Fact Sheet: Dynamic Passcode Authentication; http://corporate.visa.com/md/fs/ecommerce/passcode—authentication—print.jsp; Mar. 20, 2007.
Lisa Phifer; Beyond Passwords Part 2: Implementing The Vision; www.smallbusinesscomputing.com/webmaster/article.php/3498116; Apr. 15, 2005.
WebLink Implementation Guide Card-Not-Present Transactions Version 1.0; pp. 1-3 and 42.
American Express Travel Related Services Company Inc.
Merchant Shahid
Snell & Wilmer L.L.P.
LandOfFree
System and method for facilitating a financial transaction... 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 facilitating a financial transaction..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for facilitating a financial transaction... will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4267967