Patent ID: 8099368
Filing Date: 2012-01-17
Classification: G06Q

Abstract:
1. A method for processing financial transaction data in a server including a processor and an associated storage area, the method comprising: receiving from a requester an authorization request generated as a result of a transaction at a point of purchase, wherein the authorization request includes a purchaser identifier, a transaction amount, and information identifying the point of purchase; authenticating the authorization request; retrieving customer information associated with the purchaser identifier from the storage area, the customer information including data defining multiple payment instruments and an address associated with a mobile device of the customer; generating a transaction indication message for transmittal to the mobile device of the customer, the transaction indication message including information about the transaction and specifying a response that allows a selection of a payment instrument from at least two of the multiple payment instruments associated with the customer; transmitting the transaction indication message to the mobile device using the mobile device address; receiving a customer confirmation message from the mobile device in response to the transaction indication message, wherein the customer confirmation message includes a selected payment instrument; obtaining customer account information from an issuing institution, wherein the customer account information includes information associated with the selected payment instrument from the multiple payment instruments associated with the customer, the customer account information including a first part encrypted according to a first encryption method and a second part encrypted according to a second encryption method, the first encryption method and the second encryption method selected such that the server is capable of decrypting the first part and is not capable of decrypting the second part; and providing the customer account information to the requester in response to determining that the customer confirmation message indicates that the transaction is authorized by the customer.