Method and system for processing a transaction

Details Method and system for processing a transaction Method and system for processing a transaction

2006-07-18

2006-07-18

Trammell, James P. (Department: 3621)

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

Business processing using cryptography

Secure transaction

C705S026640, C705S050000, C705S064000, C705S075000, C713S185000, C713S186000, C380S030000, C380S046000

Reexamination Certificate

active

07080049

ABSTRACT:
A method of, and system for, processing payment for a transaction is provided. The method includes providing a user with an option to select payment for the transaction from an account associated with a communication line via which an electronic terminal is connected to a communication network. The communication line is typically a subscriber line and, accordingly, the account is a telephone account associated with the subscriber line. When a user transacts with a vendor for goods and/or services, the user may request to process payment using the telephone account instead of using a credit or debit card. The method includes investigating data using the telephone number associated with the subscriber line and, selectively approving the transaction dependent upon an outcome of the investigation. The invention extends to a transaction processor interface and to and a transaction validation module. The invention also extends to computer program products including the invention.

REFERENCES:
patent: 5247575 (1993-09-01), Sprague et al.
patent: 5313463 (1994-05-01), Gore et al.
patent: 5319542 (1994-06-01), King et al.
patent: 5329589 (1994-07-01), Fraser et al.
patent: 5524142 (1996-06-01), Lewis et al.
patent: 5537464 (1996-07-01), Lewis et al.
patent: 5544229 (1996-08-01), Creswell et al.
patent: 5633919 (1997-05-01), Hogan et al.
patent: 5655007 (1997-08-01), McAllister
patent: 5740427 (1998-04-01), Stoller
patent: 5748890 (1998-05-01), Goldberg et al.
patent: 5845267 (1998-12-01), Ronen
patent: 5867494 (1999-02-01), Krishnaswamy et al.
patent: 5867566 (1999-02-01), Hogan et al.
patent: 5898765 (1999-04-01), Teglovic et al.
patent: 5956391 (1999-09-01), Melen et al.
patent: 5963625 (1999-10-01), Kawecki et al.
patent: 5978775 (1999-11-01), Chen
patent: 6023499 (2000-02-01), Mansey et al.
patent: 6023502 (2000-02-01), Bouanaka et al.
patent: 6055513 (2000-04-01), Katz et al.
patent: 6094644 (2000-07-01), Hillson et al.
patent: 6104798 (2000-08-01), Lockiss et al.
patent: 6137869 (2000-10-01), Voit et al.
patent: 6163602 (2000-12-01), Hammond et al.
patent: 6195697 (2001-02-01), Bowman-Amuah
patent: 6208720 (2001-03-01), Curtis et al.
patent: 6212262 (2001-04-01), Kamel
patent: 6233313 (2001-05-01), Farris et al.
patent: 6247047 (2001-06-01), Wolff
patent: 6260024 (2001-07-01), Shkedy
patent: 6272152 (2001-08-01), Levin et al.
patent: 6282276 (2001-08-01), Felger
patent: 6289010 (2001-09-01), Voit et al.
patent: 6295292 (2001-09-01), Voit et al.
patent: 6330543 (2001-12-01), Kepecs
patent: 6332131 (2001-12-01), Grandcolas et al.
patent: 2002/0147658 (2002-10-01), Kwan
patent: 2223652 (1990-04-01), None
Electronic Data Interchange-VANs Rise To The Internet Challenge-Bank Technology News, p.: N/A, Nov. 1, 1996.
International Search Report-PCT/US02/30077-Jan. 2, 2003.
Rob Kling, “4.1.2, Consumer Convenience and Protection”, Software patent Institute Database of Software Technologies, 1978, pp. 1-3, USA, web page http://m.spi.org/cgi-bin
ewqry?ISA...ec=4&submit=seeit&csum=110184817619.

Affiliated with

Also associated with

Rating

Method and system for processing a 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 Method and system for processing a transaction, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method and system for processing a transaction will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-3577081