System and method for a private and secure financial transaction system using a central system

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United States of America Patent

PATENT NO 8781974
APP PUB NO 20110119184A1
SERIAL NO

12928717

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Abstract

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A financial transaction system between a customer and a financial institution has a central system that facilitates private and secure payment transactions from a customer of the financial institution to a payee and that stores personal and private data of a customer that is referenced to an identification of a wireless mobile device of the customer. The central system receives financial transaction requests from the mobile device for transaction from a one or bank accounts of the customer. The central system identifies and verifies the customer and assembles payment authorization transaction requests and submits the payment transaction record to the customer's financial institution, thereby reducing the number of people and systems who would have access to the private data of the customer, and thus reducing the number of fraudulent financial transactions.

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Patent Owner(s)

Patent OwnerAddress
SALES TRANSACTION SYSTEMS LLC2390 CRENSHAW BLVD STE 239 TORRANCE CA 90501

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Singhal, Tara Chand Torrance, US 126 2425

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