Credit card point of service payment authorization system

摘要

The risk of fraud in point of sale credit card transactions is reduced by providing independently-routed verification by communication between the authorized user of the credit card and the issuer of the credit card through a trusted intermediary.

主权项

1. A system for secure verification of point of sale credit card transactions to reduce fraudulent transactions, comprising:
a third party, independent backend communications module; a merchant point of sale network in communication with the backend communications module, adapted to request authorization of a transaction from a user's bank and receive confirmation or denial of authorization of the transaction from the user's bank; a mobile telephone in communication with the backend communications module which has been registered with a verifying agency as belonging to said user; a bank network in communication with the backend communications module, adapted to receive requests for authorization of transactions, determine if the user authorizes a transaction, and confirm or deny the transaction based on the user's authorization; and an application running on said mobile telephone adapted to pre-authorize transactions and authorize or deny a currently pending transaction; wherein there is no direct communication between the merchant network, the mobile telephone, and the bank network.