System for providing cardless payment

a cardless payment and card-based technology, applied in payment protocols, instruments, data processing applications, etc., can solve the problems of burdensome card carrying, inability to provide for an account-holder, and inability to conduct business over the internet, and achieve convenient and/or easy-to-remember information. , the effect of convenient and/or easy-to-remember information
US20060173791A1Inactive Publication Date: 2006-08-03JPMORGAN CHASE BANK NA
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Patent Information

Authority / Receiving Office
US · United States
Patent Type
Applications(United States)
Current Assignee / Owner
JPMORGAN CHASE BANK NA
Publication Date
2006-08-03
Estimated Expiration
Not applicable · inactive patent

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Abstract

The method and system of the invention provide a variety of techniques for using a selected alias and a selected personal identification entry (PIE) in conjunction with use of a transaction card, such as a credit card, debit card or stored value card, for example. A suitable number or other identification parameter is selected by the account-holder as an alias. The account-holder is then required to choose a PIE for security purposes. The alias is linked to the account-holder's credit card number via a database. When the account-holder enters into a transaction with a merchant, the physical card need not be present. The account-holder simply provides his or her alias and then the PIE. This can be done at any point of sale such as a store, catalog telephone order, or over the Internet. The alias and PIE are entered and authorization is returned from the credit card company.
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Description

[0001] This application is related to U.S. patent application Ser. No. ______, Attorney Docket No. 47004.000135 entitled “Method For Providing Cardless Payment” which is incorporated herein by reference in its entirety.FIELD OF THE INVENTION

[0002] The system of the invention relates generally to performing transactions related to an account, so as to eliminate the need for the physical presence of a transaction card during the transaction. BACKGROUND OF THE INVENTION

[0003] There are literally thousands of different credit cards, funds cards or other personal cards available which provide an account-holder with a variety of capabilities. Some provide frequent flier miles, others give a user free gas. Still other credit cards offer low interest rates and even insurance for purchases. Out of all the transaction cards that exist, none of them offer the ability to go to a store and make purchases, without the actual card, by utilizing convenient identifying information that is selected...

Claims

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