System and method for global automated address verification

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

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C705S038000, C238S057000, C238S058000, C238S059000, C455S406000, C455S407000, C455S408000, C455S409000, C379S114030, C379S114150, C379S114190

Reexamination Certificate

active

07542931

ABSTRACT:
The present invention provides systems and methods for global address verification of a transaction, such as a transaction card purchase. In accordance with an exemplary embodiment of the present invention, the system verifies a billing address and/or an alternate address (e.g., shipping address) in a single transaction. The billing address and/or the alternate address are associated with a transaction card purchaser. If the billing and/or alternate addresses are verified, then the transaction card issuer may offer a payment guarantee to the merchant. The merchant may choose to ship the purchased item to either a billing address or an alternate address. If the address is not verified, then the transaction card issuer may choose not to offer a payment guarantee to the merchant, and the merchant may choose not to ship the item to the alternate address.

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Badnarz, Ann, Network World, v22n25, pp. 29-30, Jun. 27, 2005, Tool processes finance data on the fly.

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