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Automated payment system

A financial and user technology, applied in the field of automated credit card payment systems, which can solve problems such as users' vulnerability to losses

Inactive Publication Date: 2003-11-26
丹尼尔 A 克恩
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

Assuming this routine scenario, users are vulnerable to losses when credit cards are lost or stolen
The user is also vulnerable if the dealer or any hired employee decides to misuse the credit card

Method used

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Examples

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Embodiment Construction

[0028] Preferred embodiments of the present invention will now be described with reference to the accompanying drawings. Although for the sake of brevity, many of the figures and descriptions illustrate the use of the present invention in terms of credit card account numbers, the present invention is not limited to credit card account numbers.

[0029] refer to image 3 , an automatic payment system 50 according to an embodiment of the present invention is presented here. The system 50 can use any combination of many types of financial account numbers, and is described with reference to credit card account numbers only for simplicity. System 50 may be operated by a company, such as a service bureau, and includes a database consolidation and classification subsystem 55, a user credit card database 57, an identification matching and selection subsystem 59, and an optional credit card account number encryption subsystem. System 53.

[0030] Automatic payment system 50 with n c...

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PUM

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Abstract

An automated payment system, such as for credit cards, is provided which compiles customer financial account information from a plurality of financial institutions. The system receives account information from the financial institutions, and compiles the information in a central location. The system presents financial account information to the customer. The system then receives and stores a selection of at least one of the financial account of the customer and provides the selected financial account information to a merchant, biller or payment processor.

Description

technical field [0001] This invention relates to computerized billing and payment systems. In particular, the present invention relates to an automated credit card payment system that combines user information, fingerprints, retinal scans, voice or other biometrics, and / or unique personal identifiers (UPIs) with The obtained financial account information matches. And when paying bills, paying invoices, or paying other debts, the system selects or allows the user to select a financial account number to use. Background technique [0002] Most companies that provide continuous services automatically bill their users on a regular basis. To increase user retention and reliability in payments, and to avoid double billing of past due accounts, companies are increasingly offering users the option to complete payments via the user's credit card. However, the need to reinstate a user's desired credit card, and the perception that it would be unsafe for users to write their credit c...

Claims

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Application Information

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IPC IPC(8): G07G1/12G06Q20/00H04L9/32
CPCG06Q20/385G06Q20/04G06Q20/14G06Q20/02G06Q20/10G06Q40/02
Inventor 丹尼尔·A·克恩
Owner 丹尼尔 A 克恩
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