System and method for validation of transactions
US7774076B2 · kind B2 · utility
90Cited by
1References
25Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Oct 29, 2007 |
| Grant date | Aug 10, 2010 |
| Priority date | — |
| Expiry date | Oct 29, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F7/1025
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A financial institution may flag suspicious transactions that are conducted using an NFC-enabled mobile phone. The account holder establishes a second PIN that is separate from the primary PIN used by the customer to authenticate transactions. When a transaction is flagged, a message is sent to the customer at the mobile phone requesting entry of the second PIN. If the second PIN is not correctly entered, activity on the account is suspended.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.