Patent ID: 7801829
Filing Date: 2010-09-21
Classification: G06Q,G07F

Abstract:
1. A method for authorizing a transaction, the method comprising: receiving, at a wallet server and via a network, a payment authorization request sent by a user, wherein said wallet server comprises a hardware server, wherein said payment authorization request is associated with a transaction between a merchant and said user, and wherein said payment authorization request includes first transaction card information, and a selection of a financial institution; prompting, by said wallet server, said user to initiate an interface between a card reader system and a transaction card, wherein said card reader system reading said transaction card to acquire second transaction card information including a digital certificate uniquely identifying said transaction card; receiving, by said wallet server, said second transaction card information from a computer communicating with said card reader system; sending, by said wallet server, an authentication request for said transaction to a security server of said financial institution, wherein said authentication request including said second transaction card information; receiving, by said wallet server, an authentication for said transaction from said security server; completing, by said wallet server, an authorization form for said transaction and transmitting said authorization form to a merchant server, wherein said merchant server is associated with said merchant, wherein said merchant server requesting authorization of said authorization form from said security server, wherein said security server authenticating said authorization form using at said second transaction card information, wherein said merchant server receiving an authorization request authentication from said security server, and wherein said merchant server completing said transaction and receiving value from an account of said user.