Method of and apparatus for executing automated transactions

Details Method of and apparatus for executing automated transactions Method of and apparatus for executing automated transactions

H - Electricity

04

L

H04L 9/32 (2006.01) G06F 21/00 (2006.01) G06Q 30/00 (2006.01) H04L 12/16 (2006.01) H04L 12/22 (2006.01)

Patent

CA 2349306

A method of and apparatus for controlling a user's private verification information uses a secure controlled server. When making a purchase, rather than the user transmitting their private verification information to a merchant, the merchant contacts the controlled server. During the contact from the merchant to the controlled server, the merchant identifies the user and any non-private information the merchant has regarding the user as well as the nature of the transaction. If the purchase is valid, the controlled server will authorize the transaction to the merchant. In this way, the user never need transmit its private verification information to the merchant. The merchant only learns whether the transaction is authorized, and no further information is exchanged. To ascertain whether the transaction is authorized, the controlled server can either make the determination based upon certain predetermined criteria, or contact the user, such as via e-mail. Additionally, the controlled server can provide other services to the user. The user can establish criteria for receipt of advertisements. Also, the user can request information regarding a particular item for purchase. The controlled server can also be used to control the timing of the receipt of bills, by electronic means rather than through the mail.

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