Utilizing phrase tokens in transactions

Patent metadata

Field	Value
Publication number	US-10089623-B2
Application number	US-201313829127-A
Country	US
Kind code	B2
Filing date	Mar 14, 2013
Priority date	Aug 25, 2006
Publication date	Oct 2, 2018
Grant date	Oct 2, 2018

Abstract

A system and method for facilitating transactions utilizing phrase tokens are provided. Individual entities can be associated with unambiguous transaction phrase tokens, such as multiple word phrases. The transaction phrase tokens are associated with transaction accounts by a service provider such that the entities can complete a transaction without having to exchange transaction account information. In a transaction, a transaction phrase token is offered to an accepting party, which tenders the offered transaction phrase token to the service provider. The service provider processes the offered transaction phrase token according to configuration information specified for the transaction phrase token. The service provider can automatically process the transaction request or request additional information.

First claim

The embodiments of the invention in which an exclusive property or privilege is claimed are defined as follows:

1. In a networked environment including a transmitting party, a receiving party, and a token processing service implemented on a server distinct from the transmitting party and the receiving party, a method for facilitating the processing of transactions comprising:
obtaining, by the receiving party, a request for a transaction from a transmitting party, wherein the request for completion of the transaction includes at least one of a verbal or written representation of a transaction phrase token, wherein the transaction phrase token is associated with a transaction account, and wherein the transaction phrase token consists of a set of alphanumeric characters unique to a transaction phrase token holder associated with a transaction phrase token assignment request;
processing, by the receiving party, the request for the transaction from the transmitting party according to a security policy associated with the transmitting party, wherein the security policy indicates at least one transaction category for which security verification information is required and at least one transaction category for which security verification information is not required;
determining, based at least in part on the security policy and an aspect of the requested transaction, that security verification information is required;
requesting, by the receiving party, the security verification information from the transmitting party as required by the security policy;
in response to receipt of the security verification information:
transmitting a request from the receiving party to the token processing service for completion of the transaction based at least partly on at least one auto-processing rule associated with a configuration of the at least one transaction phrase token; and
causing an update to the security policy, the update comprising an addition to the at least one transaction category for which security verification information is not required;

receiving, by the receiving party, token processing information from the token processing service indicating the token processing service processing the transaction based at least partly on the at least one auto-processing rule associated with the configuration of the at least one transaction phrase token; and
processing a subsequent request to complete a transaction without requesting security verification information, based at least in part on the update to the security policy.

2. The method as recited in claim 1 , wherein the security verification information includes at least one of a personal identification number, password, and other security information.

3. The method as recited in claim 1 , wherein the set of characters in their entirety have a secondary meaning to the transaction phrase token holder.

4. The method as recited in claim 1 , wherein the transaction phrase token is unambiguous among a class of transaction phrase tokens.

5. The method as recited in claim 1 , wherein the token processing information includes an acceptance of the transaction, the method further comprising transferring control of an agreed upon element to the transmitting party.

6. The method as recited in claim 1 , wherein the security verification information corresponds to additional financial account information associated with the transmitting party.

7. The method as recited in claim 1 , wherein processing the request for the transaction from the transmitting party includes determining whether the transaction phrase token provided by the transmitting party is similar to other transaction phrase tokens and obtaining a confirmation of the transaction phrase token from the transmitting party.

8. The method as recited m claim 1 , wherein the transmitting party corresponds to an entity controlling the transaction account associated with the transaction phrase token.

9. The method as recited in claim 1 , wherein the transmitting party corresponds to a secondary entity designated by a primary entity controlling the transaction account associated with the transaction phrase token.

10. The method as recited in claim 1 , wherein the request for a transaction from a transmitting party corresponds to a request for a credit to the transaction account associated with the transaction phrase token.

11. The method as recited in claim 1 , wherein the request for a transaction from a transmitting party corresponds to a request for a debit of the transaction account associated with the transaction phrase token.

12. The method as recited in claim 1 , wherein configuration of the transaction phrase token includes at least one of an acceptable transaction amount, an acceptable vendor, an acceptable transmitting party, a qualification level for a transaction, an expiration date, an acceptable agreed upon element, an unacceptable transaction amount, an unacceptable vendor, an unacceptable agreed upon element, and a required reputation score.

13. The method as recited in claim 1 , wherein the token processing information includes a rejection of the transaction, the method further comprising transmitting feedback to the token processing service regarding the rejection of the transaction.

14. The method as recited in claim 1 , wherein obtaining a request for a transaction from a transmitting party includes obtaining a request for the transaction via a computing device communicating over a communication network.

15. The method as recited in claim 1 , wherein obtaining a request for a transaction from a transmitting party includes obtaining a request for the transaction via a device configured to obtain transmitting party input.

16. In a networked environment including a transmitting party, a receiving party, and a token processing service implemented on a server distinct from the transmitting party and the receiving party, a method for facilitating the processing of transactions comprising:
obtaining, by the receiving party, a request for a transaction from a transmitting party, wherein the request for completion of the transaction includes an audible representation of a transaction phrase token, wherein the transaction phrase token is associated with a transaction account, and wherein the transaction phrase token consists of a set of alphanumeric characters unique to a transaction phrase token holder associated with a transaction phrase token assignment request;
processing, by the receiving party, the request for the transaction from the transmitting party according to a security policy associated with the transmitting party, wherein the security policy indicates at least one transaction category for which security verification information is required and at least one transaction category for which security verification information is not required;
determining, based at least in part on the security policy and an aspect of the requested transaction, that security verification information is required;
requesting, by the receiving party, the security verification information from the transmitting party as required by the security policy;
in response to receipt of the security verification information:
transmitting a request from the receiving party to the token processing service for completion of the transaction based at least partly on at least one auto-processing rule associated with a configuration of the at least one transaction phrase token; and
causing an update to the security policy, the update comprising an addition to the at least one transaction category for which security verification informat

Assignees

• Amazon Tech Inc

Inventors

• Agarwal Amit D
• George Michael M
• Freed Ian W
• Bezos Jeffrey P
• Vosshall Peter S

Classifications

• G06F40/284 Primary

  Lexical analysis, e.g. tokenisation or collocates · CPC title

• G06F40/154

  Tree transformation for tree-structured or markup documents, e.g. XSLT, XSL-FO or stylesheets · CPC title

• G06Q30/00

  Commerce · CPC title

• G06Q20/4014 Primary

  Identity check for transactions · CPC title

• G06Q20/40145

  Biometric identity checks · CPC title