Ray Otto - san Franisco CA, US Martin Murrell - Washington DC, US Stephen Mugford - Wellesley MA, US Michael Rowen - Oakton VA, US Steven Pearlman - Washington DC, US
International Classification:
G06F017/60
US Classification:
705/074000
Abstract:
The present invention relates generally to methods and apparatus for providing anonymous financial transactions. A user can apply for an anonymous financial account through a financial organization. The user is approved, an anonymous account is established and the user is notified. Once the anonymous account and associated card (if needed) is activated, the user can make anonymous purchases and have goods delivered anonymously, wherein the merchant does not know the user's real identity or address.
System And Method For Awarding Participants In A Marketing Plan
Michael Rowen - Oakton VA, US Nicole Lewis - Washington DC, US
International Classification:
G06F017/60
US Classification:
705/014000
Abstract:
A system and method for using a multi-level marketing plan to market financial instruments such as a credit card, a loan or credit line, and for determining participant awards in the plan in a unique manner are provided. The activity data of the financial instruments issued to a primary participant and its downstream participants are received from a customer transaction database. The activities data received typically cover one billing cycle and may include such items as purchases, cash advances. Based on the received activities data, a primary award attributable to activities of the primary participant is determined and downstream award attributable to activities of the downstream participants of the primary participant is determined. The two awards are added and the total award is provided to the primary participant. In another aspect, participant awards are provided by person-to-person (P2P) payment method. For example, the participants who are eligible for awards may be given payments directly into their financial instruments.
Reduction Of Transaction Fraud Through The Use Of Automatic Centralized Signature/Sign Verification Combined With Credit And Fraud Scoring During Real-Time Payment Card Authorization Processes
Michael John Rowen - Oakton VA, US Rodney Beatson - Pittsboro NC, US Mark A. Kelty - Cantonsville MD, US
Assignee:
20/20 Ventures, LLC - Oakton VA Transaction Security, Inc. - Pittsboro NC
International Classification:
G06Q 20/00 G06Q 30/00 G06Q 40/00
US Classification:
705 16, 705 39, 705 43
Abstract:
A dynamic signature/sign biometric verification system for detecting and preventing fraudulent transactions is described. The system comprises remote digital signature/sign input devices, a means to extract spatial and temporal features from the signature, a means to transmit the signature/sign features along with customer identifier information to a centralized signature/sign verification authority, a means for combining signature/sign feature verification with other forms of fraud detection technology, and a means for transmitting the results of a signature/sign verification back to the remote location where the signature/sign was captured. The system was primarily developed for use in payment card industries (e.g. credit cards, debit cards) but has applicability to other centralized signature/sign verification applications such as Automated Teller Machine authorizations and other identity theft detection and monitoring services.