Systems and methods for performing financial transactions using active authentication
US11514451B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Apr 13, 2011 |
| Grant date | Nov 29, 2022 |
| Priority date | — |
| Expiry date | Feb 22, 2033 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/425
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A financial transaction method includes receiving a request to perform a financial transaction at a financial institution, generating a single-use transaction key for the financial transaction, and storing at least a first portion of the transaction key in a storage medium. The transaction key is transmitted to a user that requested the financial transaction, and an authorization request including at least a second portion of the transaction key is received from a merchant. The second portion of the transaction key received from the merchant is compared to the first portion of the transaction key to determine if the transaction should be authorized. An authorization message is transmitted to the merchant if the second portion of the transaction key received from the merchant matches the first portion of the transaction key. The financial transaction is funded from an account of the user if the financial transaction is authorized.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.