Method and system for verifying use of a financial instrument
US7519557B1 · kind B1 · utility
4Cited by
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18Claims
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Assignee
Inventor
Key dates
| Filing date | Oct 12, 2007 |
| Grant date | Apr 14, 2009 |
| Priority date | — |
| Expiry date | Oct 12, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/12
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Methods and systems for verifying that a registrant is authorized to use a particular payment instrument are presented. A registering service initiates one or more verifying transactions involving the instrument. The registrant contacts the issuing financial institution to dispute the transaction and verifies his or her identity to the issuing financial institution, resulting in the registering service being contacted and verifying to the registering service that the registrant owns or controls the payment instrument.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.