Patent ID: 7454004
Filing Date: 2008-11-18
Classification: G06Q

Abstract:
1. A method of processing a transaction, the method comprising: using one of an Internet site and an e-mail message to originate communication between a transaction originator and a transaction provider, said transaction originator initiating a transaction request with said transaction provider, said transaction provider contacting a transaction approval authority, said transaction approval authority deploying a validation server and a callback processor to determine whether said transaction provider has approval to fulfil said transaction request of said transaction originator, said callback processor contacting an authorized transactor to gain approval to fulfil said transaction request of said transaction originator, said authorized transactor responding to said callback processor with a password; using a computer processing unit (CPU) of said callback processor of a transaction processing system to activate and manage a plurality of processes of said callback processor using callback management software; using a validation input/output (I/O) device of said validation server of said transaction processing system to receive validation requests and to send instructions to said callback processor, said validation I/O device comprising a network interface card; using a callback I/O device of said callback processor to receive said instructions from said validation I/O device; using a callback interface of said callback processor to initiate automatically, in response to said validation requests, according to pre-selected authorized transactor information, one or more callbacks to an authorized transactor; using a CPU of said validation server to implement validation processes management, said validation processes management deployed by a computer software product; using said validation server to validate, according to said pre-selected authorized transactor information, one or more responses from said authorized transactor, said responses being in reply to said callbacks, said validation server confirming said password associated with said authorized transactor, said pre-selected authorized transactor information comprising said password, said validation server comprising a memory to hold said pre-selected authorized transactor information, said password comprising one of an alphanumeric password, a voiced password, a signature sent by facsimile, and finger prints of said authorized transactor; and providing a validation response relating to approval of said validation request, said validation response being in response to said validation requests, wherein said CPU consults with said memory, receiving therefrom a pre-selected callback and response method associated with said authorized transactor; wherein said validation server elects to contact said authorized transactor again if said validation server fails to contact said authorized transactor on an initial communication attempt, wherein functions of said validation server and said callback processor is implemented by deploying a computer program stored on a computer readable medium, wherein said transaction request comprises one of service request and a purchase of a product, wherein said CPU comprises a look up table in said memory that is used in processing said responses of said authorized transactor, wherein said transaction originator comprises a customer, wherein said transaction provider comprises said Internet site of said book seller, wherein said transaction originator provides credit card information with said transaction request, wherein said transaction provider verifies said credit card information and an authority of said transaction originator to use said credit card information for said transaction request, wherein said transaction approval authority comprises a credit card company, wherein said transaction provider requests authorization for said transaction request from said transaction approval authority via a secured link, wherein said transaction approval authority uses said validation server to approve said transaction request, wherein said responses by said authorized transactor comprise one of a voice response with a voice recognition system to validate said password, a signature response via a fax transmission using signature verification software, an e-mail response with said alphanumeric password, a link into a new web page, an instant message response with said alphanumeric password, wherein said authorized transaction supplies said validation server with a plurality of methods of validation, wherein said method is fully automated and does not require human interaction, and wherein said authorized transactor comprises a credit card holder.