MULTI-LEVEL KNOW YOUR CUSTOMER (KYC) DATA COLLECTION AND VERIFICATION

摘要

Systems, devices, and methods for transaction processing are provided. A point-of-transaction device transmits a transaction request to a transaction information server. The transaction information server receives the transaction request, queries one or more storage records to confirm the identity of the customer to the transaction and to determine whether the customer is authorized to engage in the transaction. The transaction information server further establishes a record that ties the customer's identity to the transaction. If so, the transaction information server establishes a transaction identifier code and communicates the code to the point-of-transaction device. The point-of-transaction device communicates the transaction identifier code and at least a portion of the transaction request to a transaction authority. The transaction authority transmits a confirmation signal to the point-of-transaction device based on the transaction identifier code and the transaction request.

主权项

1. A method of conducting a transaction comprising:
receiving, at a transaction information server, a request for a transaction from a point of transaction device, the request comprising a transaction amount, a customer identifier code, and an identification parameter that is collected from a party to the transaction contemporaneous to the transaction; authenticating the identification parameter based on a record associated with the customer identifier code stored by the transaction information server; communicating with a transaction authority to establish a transaction identifier code for the transaction based on the authentication of the identification parameter; and transmitting the transaction identifier code to the point of transaction device based on the authentication of the identification parameter.