PAYMENT OWNERSHIP VALIDATION

A financial institution computing system includes a network circuit enabling exchanging information over a network, a customer database storing financial information and validated customer information for a plurality of customers of the financial institution, and a transaction authentication circuit...

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Bibliographische Detailangaben
Hauptverfasser:	Cusick, Daniel, Hecht, Alan W, Kirk, Ann M
Format:	Patent
Sprache:	eng
Schlagworte:	CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES ELECTRIC COMMUNICATION TECHNIQUE ELECTRICITY PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR WIRELESS COMMUNICATIONS NETWORKS
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Beschreibung
Zusammenfassung:	A financial institution computing system includes a network circuit enabling exchanging information over a network, a customer database storing financial information and validated customer information for a plurality of customers of the financial institution, and a transaction authentication circuit configured to receive transaction information from an originating computing device; determine that the transaction is one of an on-us transaction or an off-us transaction; authenticate the transaction information, in response to the transaction being off-us, by determining that the transaction information matches information stored in a third party authentication system; authenticate the transaction information by determining, in response to the transaction being on-us, that the transaction information matches the validated customer information stored in the customer database; and transmit a confirmation message to the originating computing device.