Verification of a financial instrument using a random number of transactions
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United States of America Patent
Stats
-
N/A
Issued Date -
May 6, 2004
app pub date -
Oct 31, 2002
filing date -
Oct 31, 2002
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
To verify the authority of a customer to use a financial instrument, at least one random number is generated. The number of transactions to be initiated is determined based on the generated random number(s). The determined number of transactions using a financial instrument are initiated. One or more attributes of the initiated one or more transactions are stored. One or more proffered attributes are received, typically from the customer. The received proffered attributes are compared to the stored attributes. Use of the financial instrument by the customer is determined to be acceptable if the received proffered attributes correspond to the stored attributes
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Family
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