METHOD AND SYSTEM FOR CONDUCTING PRE-AUTHORIZED FINANCIAL TRANSACTIONS

摘要

A method and system for conducting a pre-authorized financial transaction is disclosed. A security gateway receives a pre-authorization token and a consumer alias from a merchant or an acquirer of the merchant. The token identifies a pre-authorized financial transaction and the token and alias have previously been provided to the merchant by a consumer. The alias is matched with a stored alias to identify an electronic device of the consumer. An authorization request is transmitted to the electronic device. A confirmation message or a denial message is received by the security gateway in response to the authorization request. Upon receiving a confirmation message, payment credentials associated with a selected payment instrument of the consumer and required for conducting the pre-authorized transaction are transmitted to the merchant or the acquirer of the merchant for use in completing the transaction.

主权项

1. A method of conducting a pre-authorized financial transaction, the method carried out at a security gateway and comprising:
receiving a pre-authorization token and a consumer alias from a merchant or an acquirer of the merchant, the pre-authorization token identifying a pre-authorized financial transaction and the token and alias having previously been provided to the merchant by a consumer; identifying an electronic device of the consumer corresponding to the alias by matching the alias with an alias stored in association with a consumer record; transmitting an authorization request to the electronic device; receiving from the electronic device either a confirmation message or a denial message in response to the authorization request; in response to receiving a confirmation message, transmitting payment credentials associated with a selected payment instrument of the consumer and required for conducting the pre-authorized transaction to the merchant or the acquirer of the merchant for use in completing the transaction; and in response to receiving a denial message, transmitting a denial notification to the merchant or the acquirer of the merchant.