Transaction security system
US7690563B2 · kind B2 · utility
Inventor
Key dates
| Filing date | Mar 25, 2005 |
| Grant date | Apr 6, 2010 |
| Priority date | — |
| Expiry date | May 4, 2026 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/40
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The present invention is a method and system for protecting an identity of a user. The method includes conducting a transaction with a transaction medium issued from of an institution, which provides transaction information to the institution. A government-issued identification number (GIN) of the user and a personal identification number (PIN) of the user are provided to a database. The database returns verification information based on whether the GIN and the PIN provided to the database correspond to a recorded GIN of the user stored in the database and a recorded PIN of the user stored in the database. The institution is allowed to authorize the transaction based on the returned verification information.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.