Patent ID: 8078538
Filing Date: 2011-12-13
Classification: G06Q

Abstract:
1. A system for remotely authenticating credit card transactions of a consumer comprising: a transaction request receiving mechanism operable to receive an authorization request from a merchant for completing the credit card transaction; an authorization request analysis mechanism operable to determine whether characteristics of the transaction compared to certain criteria trigger a theft prevention procedure, wherein the characteristics and criteria comprise: a type of the transaction; an amount of the transaction; a type of a product being purchased; and a frequency of previous transactions of the same type or amount; an alert sending mechanism operable to send an alert to a mobile device of the consumer based on the determination; a validation/resection mechanism operable to disallow the transaction to complete based on a response from the consumer rejecting the transaction; and a transaction request approval/denial mechanism configured to send, based on the response from the consumer rejecting the transaction, a warning code to the merchant indicating the merchant should collect a credit card linked to the credit card transaction; wherein the consumer can set a policy that the validation/rejection mechanism is to authorize the transaction to complete if there is no response to the alert sent to the mobile device of the consumer; and wherein based on no response to the alert sent to the mobile device, the transaction request approval/denial mechanism sends an authorization code to the merchant to complete the transaction.