Patent ID: 7280981
Filing Date: 2007-10-09
Classification: G06Q,G07F

Abstract:
1. A method for processing a payment transaction between a payer and a payee, comprising: collecting registration information from the payer, the registration information including information relating to a payer account and access device information for an access device linked with the payer account; generating and encrypting, at a services hub, a tracer ticket in response to a request issued by the payer, the tracer ticket containing information relating to the payment transaction including a transaction amount associated with the payment transaction; forwarding the encrypted tracer ticket to the payer; establishing communication between the services hub and the access device; validating the access device based on the access device information to validate that the access device being used in the communication is the access device linked with the payer account in the registration information; receiving from the access device at the services hub the forwarded information relating to the tracer ticket received by the payer; confirming the information relating to the tracer ticket transmitted by the access device; and upon confirmation of the information relating to the tracer ticket transmitted by the access device and validation of the access device, authorizing the payment transaction against the payer account linked to the access device.