Patent ID: 8001050

Claim:
A computer implemented method executed by a computer system for verifying customer supplied financial account information for a customer financial account, comprising: (a) electronically transmitting an electronic debit transaction to the customer financial account, based on the customer supplied financial account information; (b) electronically transmitting an electronic credit transaction to the customer financial account, based on the customer supplied financial account information; (c) electronically randomly generating a first verification code that is unique for each customer financial account; (d) electronically adding the first verification code to a first statement descriptor of at least one of the electric debit transaction and the electric credit transaction so that the first verification code is transmitted in the first statement descriptor to a statement of the customer financial account; (e) electronically receiving, from the customer, a second verification code responsive to the transmitting of the first statement descriptor to the statement of the customer financial account; (f) comparing, by the computer system, the transmitted first verification code and the received second verification code with respect to each other; and (g) verifying, by the computer system, the customer supplied financial account information responsive to said comparing.