System and method for the security of payment transactions

Details System and method for the security of payment transactions System and method for the security of payment transactions

2005-02-01

2005-02-01

Lee, Michael G. (Department: 2876)

Registers

Systems controlled by data bearing records

Banking systems

C235S380000, C705S016000

Reexamination Certificate

active

06848613

ABSTRACT:
A method of authorizing a payment transaction is described. The method comprises receiving data relating to a customer's transaction card, and data relating to an original amount of the payment transaction; presenting the original amount data to the customer such that a gratuity amount can be determined and in response thereto receiving data relating to the gratuity amount; establishing a link with an acquirer via a telecommunications network and seeking online authorization for the payment transaction by transmitting the transaction card data and data relating to a value of the transaction and generating and providing receipt data to the customer. The transaction value comprises the gratuity amount and the original amount and the receipt data confirms authorization of the payment transaction at the transaction value when the transaction has been authorized. A method of authorizing concurrent payment transactions, such as may be generated by multiple mobile handsets and a base terminal, is also described.

REFERENCES:
patent: 4396985 (1983-08-01), Ohara
patent: 5457305 (1995-10-01), Akel et al.
patent: 5500890 (1996-03-01), Rogge et al.
patent: 5748908 (1998-05-01), Yu
patent: 5850077 (1998-12-01), Tognazzini
patent: 5850217 (1998-12-01), Cole
patent: 5933812 (1999-08-01), Meyer et al.
patent: 6019393 (2000-02-01), Loebner
patent: 6076079 (2000-06-01), Boston et al.
patent: 3 423 068 (1985-01-01), None
patent: 0 406 663 (1991-01-01), None
patent: 1 001 388 (2000-05-01), None
patent: 1 162 576 (2001-12-01), None
patent: 2 281 648 (1995-03-01), None
patent: 2000-090154 (2000-03-01), None
patent: WO 9512269 (1995-05-01), None
patent: WO 9626505 (1996-08-01), None

Affiliated with

Also associated with

Rating

System and method for the security of payment transactions 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 the security of payment transactions, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for the security of payment transactions will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-3463539