Patent ID: 8756162

Claim:
A computer-implemented method for conducting electronic transactions, comprising: receiving, by a network subscriber node computing device, an identification number and transaction data in connection with a telephone of a customer and regarding a desired electronic transaction to be completed between the customer and a transaction service provider, the identification number identifying the telephone, and the transaction data comprising information related to the desired electronic transaction; verifying, by the network subscriber node computing device, a validity of the identification number; identifying, by the network subscriber node computing device, an associated telephone service provider node computing device from a plurality of telephone service provider node computing devices registered with the network subscriber node computing device using the identification number, the telephone service provider node computing device operated by or on behalf of a telephone service provider associated with the customer; transmitting, by the network subscriber node computing device, the verified identification number and the transaction data from the network subscriber node computing device to the associated telephone service provider node computing device; receiving, at the network subscriber node computing device, a continuation that a credit has been reserved by the telephone service provider node computing device; receiving, by the network subscriber node computing device, the confirmation that the credit has been reserved; generating, by the network subscriber node computing device, a transaction number; transmitting, by the network subscriber node computing device, the generated transaction number from the network subscriber node computing device to the telephone of the customer; receiving, by the network subscriber node computing device, an input transaction number from a computer terminal of the customer, the computer terminal being different than the telephone of the customer; verifying, by the network subscriber node computing device, the input transaction number by the network subscriber node computing device by comparing the input transaction number with the generated transaction number; confirming, by the network subscriber node computing device, the credit reserved by the telephone; receiving, by the network subscriber node computing device, a confirmation that the desired electronic transaction has been completed; confirming, by the network subscriber node computing device to the telephone service provider node computing device, that the desired electronic transaction has been completed; and authorizing, by the network subscriber node computing device, the reserved credit.