Method and apparatus for facilitating financial transactions wit

Details Method and apparatus for facilitating financial transactions wit Method and apparatus for facilitating financial transactions wit

1997-09-02

1999-11-23

Chan, Wing F.

Telephonic communications

Telephone line or system combined with diverse electrical...

Credit authorization

379 9312, H04M 1100

Patent

active

059913720

ABSTRACT:
A method and apparatus in a communications system for facilitating a financial transaction between two parties within the communications system. The method of the present invention is implemented in a data processing system. A request for a financial transaction is received from the first party. A call is initiated by the data processing system to the second party associated with the request. The call is established between the first party and the second party wherein the financial transaction is established between the two parties through the call. Data is acquired from the two parties in response to the establishment of the financial transaction through the call. First party information and second party information is verified, wherein the financial transaction is securely completed.

REFERENCES:
patent: 3920908 (1975-11-01), Kraus
patent: 5329589 (1994-07-01), Fraser et al.
patent: 5745554 (1998-04-01), Rozetti
patent: 5748711 (1998-05-01), Scherer

Affiliated with

Also associated with

Rating

Method and apparatus for facilitating financial transactions wit 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 apparatus for facilitating financial transactions wit, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method and apparatus for facilitating financial transactions wit will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-1231033