Credit Card Point Of Service Payment Authorization System

  • Published: Sep 24, 2015
  • Earliest Priority: Dec 05 2011
  • Family: 1
  • Cited Works: 0
  • Cited by: 3
  • Cites: 15
  • Additional Info: Full text
Abstract

Systems and methods for secure verification of point of sale transactions to reduce fraudulent transactions are described herein. The system includes a backend communications module; a merchant point of sale network in communication with the backend communications module, adapted to transmit requests for authorization of a transaction and receive confirmation or denial of authorization of the transaction; a portable user device in communication with the backend communications module; a bank network in communication with the backend communications module, adapted to receive requests for authorization of transactions, determine if the user authorizes a transaction, and confirm or deny the transaction based on the user's authorization; and software executing on the portable user device adapted to pre-authorize transactions and authorize or deny a currently pending transaction. There is no direct communication between the merchant network, the portable user device, and the bank network.


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Document History
  • Publication: Sep 24, 2015
  • Application: May 20, 2015
    US US 201514717386 A
  • Priority: May 20, 2015
    US US 201514717386 A
  • Priority: Dec 4, 2012
    US US 201213694469 A
  • Priority: Dec 5, 2011
    US US 201161630125 P

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