Approving the use of the source of funds
US8417637B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Nov 8, 2011 |
| Grant date | Apr 9, 2013 |
| Priority date | — |
| Expiry date | Nov 8, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F7/1008
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Computer-implemented method and system are provided for verifying a financial instrument. The method comprises receiving identification of a source of funds; generating, using at least one processor, a series of verifying transactions involving the source of funds, transaction details of the series of verifying transactions varying from one transaction to another; storing the variable transaction details; initiating the series of verifying transactions; receiving provided transaction details from a user; comparing the variable transaction details with the provided transaction details; and selectively approving the use of the source of funds by the user, based on a result of the comparison of the variable transaction details with the provided transaction details.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.