Methods and systems for performing a financial transaction

US8317090B2 · kind B2 · utility

Assignee

• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• Mark B. Wiesman · Chesterfield, US
• Bruce Rutherford · Seattle, US
• Art Kranzley · Pound Ridge, US
• Stephen Orfei · Katonah, US

Key dates

• Filing date: Mar 26, 2010
• Grant date: Nov 27, 2012
• Expiry date: Jun 30, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/4014
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system and computer-based method for performing a financial transaction using an interchange computer coupled to a database, the interchange computer and database associated with an interchange network, the transaction initiated by a cardholder with a merchant. The method includes receiving, at the interchange computer, a payer authentication request message from the merchant, the payer authentication request message associated with the cardholder and including data representing at least one of transaction card brands supported for payment, a response time limit, and item purchase information. The cardholder is prompted to enter access credential information. The entered access credential information is verified at the interchange computer. The cardholder is prompted to select a transaction card from one or more transaction cards associated with the cardholder. A payer authentication response message including transaction card data associated with the selected transaction card is transmitted from the interchange computer to the merchant.