MDTI This concept is formulated for mobile transactions to make secure card less purchases or payments (B2B or P2P or P2B). These wireless purchase transactions are made possible through use of any mobile device.
US Patent Publication 20130036058
SYSTEMS AND METHODS FOR SECURELY PROCESSING TRANSACTIONS
Inventors: Kelly, Nicholas / Rojewski, John / Sugathan, Man / Tune, James J. / Yong, Daniel
This disclosure includes a system, method, and article of manufacture for securely processing a transaction. The method may comprise performing a three factor authentication, communicating and/or generating, to a web client, a token in response to a transaction request and based upon the three factor authentication, comparing the token to a received token, and authorizing the transaction request based upon the comparing. Three factor authentication may comprise authenticating a web client to a transaction account associated with an individual, authenticating a web client to a payment network associated with the transaction account, and authenticating an individual to the transaction account based upon a biometric sample.