Multiple party benefit from an online authentication service

US8762283B2 · kind B2 · utility

Assignee

• Visa International Service Association · US

Inventors

• Gary Gerber · Alpharetta, US
• Timothy M. Lee · San Jose, US

Key dates

• Filing date: May 3, 2004
• Grant date: Jun 24, 2014
• Expiry date: Dec 7, 2026

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

An account authentication service where a trusted party verifies an account holder's identity for the benefit of a requestor during an online transaction. The account authentication involves requesting a password from the account holder, verifying the password, and notifying the requestor whether the account holder's authenticity has been verified. An alternative embodiment of the account authentication service includes a value-adding component where information about a customer is shared with a value-adding party. The customer information is rich in detail about the customer since it is collected by each of the parties in the account authentication process. The value-adding party can then use this information in various manners. All of the parties involved can benefit from sharing the customer information. The value-adding party can be, for example, a merchant, a shipper, a security organization, or a governmental organization. A transaction identifier identifies a specific transaction between a customer, a merchant, and the customer information.