CONDUCTING FINANCIAL TRANSACTIONS BY TELEPHONE

摘要

A method for completing financial transactions by telephone comprises a user that indicates a desire to conduct a financial transaction with a merchant using financial account information maintained by an account system. The merchant determines the user's telephone number and prepares a request to the account system for data to complete the financial transaction. The account system prepares a request for authorization to transmit the data to the merchant to complete the financial transaction and transmits the request to a user device. The user device displays the request for authorization, and the user's authorization is transmitted to the account system. Upon receipt of the authorization, the account system account management system prepares limited use financial account for the transaction with the user and transmits the data to the merchant. The merchant completes the financial transaction requested by the user during the telephone call using the received data.

主权项

1. A computer-implemented method for completing financial transactions by telephone, comprising:
receiving, by one or more computing devices operated by an account management system and from one or more computing devices operated by a merchant, a request for user data to complete a financial transaction between a user and the merchant, the request for user data comprising a telephone identification number associated with a telephone operated by the user when the user indicated a desire to complete the financial transaction with the merchant; determining, by the one or more computing devices, a user account associated with the telephone identification number; reviewing, by the one or more computing devices, the user account associated with the telephone identification number to determine whether the user provided all data requested by the merchant in the request for user data; transmitting, by the one or more computing devices and to a computing device operated by the user, a request for authorization to transmit the user data to the merchant; receiving, by the one or more computing devices and from the computing device operated by the user, authorization to transmit the user data to the merchant; and transmitting, by the one or more computing devices and to the one or more computing device operated by the merchant, the user data to complete the financial transaction between the user and the merchant.