Patent for Sale:

Mobile commerce/E-commerce transaction processing technology    

System to associate a particular account to a phone number to approve/deny transaction

A transaction processing system according to various embodiments of the invention is adapted for: (1) associating a particular account (e.g., a credit card account) with a particular phone number; (2) at least partially in response to receiving a request to approve a transaction associated with the account, automatically transmitting a message (e.g., a text message) to the account holder via the phone number, requesting that the account holder confirm that the transaction is valid; and (3) using a response to the message to determine whether to approve or deny the transaction. In various embodiments, the request confirmation message requests that that the user answer a particular question (e.g., regarding out-of-wallet data), and the system is adapted to determine whether to approve or deny the transaction based on whether the response included a correct answer to the question.

Mobile commerce, E-commerce, financial services technology, security technology

Class 235: Registers

Machines employed for ascertaining the number of movements of various devices or machines; also, indicating devices where the purpose is to disclose the numerical extent or quantity of movement of a machine and where the device is separate and independent of the machine whose movements are to be noted; also organized machines, such as, cash-registers, fare-registers, voting machines and calculators having registering or counting devices as essential or important elements and having in addition certain other features necessary to make up the complete machines for the purposes desired.

Subclass 380: Credit or identification card systems

Class 705: Data Processing:Financial, Business Practice, Management, Or Cost/Price Determination

This is the generic class for apparatus and corresponding methods for performing data processing operations, in which there is a significant change in the data or for performing calculation operations wherein the apparatus or method is uniquely designed for or utilized in the practice, administration, or management of an enterprise, or in the processing of financial data. It also provides for apparatus and corresponding methods for performing data processing or calculating operations in which a charge for goods or services is determined.

Subclass 39: Including funds transfer or credit transaction
Subclass 40: Bill distribution or payment
Subclass 44: Requiring authorization or authentication