Patent ID: 8959032
Filing Date: 2015-02-17
Classification: G06Q

Abstract:
1. A computer-implemented method for a peer to peer transaction between an initiator and a recipient, comprising: receiving, at a server device from an initiator mobile device, a first message having transaction information and recipient information, wherein the recipient information identifies the recipient; identifying, from caller identification information associated with the initiator mobile device, an initiator account, wherein an account number of the initiator account corresponds to a mobile telephone number of the initiator mobile device; sending, by the server device to the initiator mobile device, a first validation code and instructions for sending the first validation code to the recipient; before the step of sending the first validation code: receiving, at the server device from the recipient via a recipient device and a private communication channel, the first validation code; validating, by the server device, the first validation code; and after the validating step, processing, by the server device, the transaction between the initiator and the recipient.