Patents by Inventor Glade Raymond Erikson

Glade Raymond Erikson has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • SYSTEM AND METHOD FOR FACILITATING A FINANCIAL TRANSACTION WITH A DYNAMICALLY GENERATED IDENTIFIER
    Publication number: 20120221472
    Abstract: Instead of a PIN which is associated with an account and provides access to an account, a dynamically generated card identifier (dynamic CID) is used to verify that the consumer currently possesses the transaction card at the time of purchase and/or is the true card owner. At the time of purchase, a token generates a dynamic CID, which changes with each transaction. A consumer enters the dynamic CID into a pre-existing CID field in an electronic order form. The merchant then sends the dynamic CID to a card authorization system within an authorization request. The card authorization system issues a response to a merchant system via a pre-existing authorization message indicating that the transaction card and dynamic CID have been validated, thereby adjusting the fraud risk associated with the transaction.
    Type: Application
    Filed: May 9, 2012
    Publication date: August 30, 2012
    Applicant: American Express Travel Related Services Company, Inc.
    Inventor: Glade Raymond Erikson
  • System and method for facilitating a financial transaction with a dynamically generated identifier
    Patent number: 8195517
    Abstract: Instead of a PIN which is associated with an account and provides access to an account, a dynamically generated card identifier (dynamic CID) is used to verify that the consumer currently possesses the transaction card at the time of purchase and/or is the true card owner. At the time of purchase, a token generates a dynamic CID, which changes with each transaction. A consumer enters the dynamic CID into a pre-existing CID field in an electronic order form. The merchant then sends the dynamic CID to a card authorization system within an authorization request. The card authorization system issues a response to a merchant system via a pre-existing authorization message indicating that the transaction card and dynamic CID have been validated, thereby adjusting the fraud risk associated with the transaction.
    Type: Grant
    Filed: November 18, 2011
    Date of Patent: June 5, 2012
    Assignee: American Express Travel Related Services Company, Inc.
    Inventor: Glade Raymond Erikson
  • SYSTEM AND METHOD FOR FACILITATING A FINANCIAL TRANSACTION WITH A DYNAMICALLY GENERATED IDENTIFIER
    Publication number: 20120066080
    Abstract: Instead of a PIN which is associated with an account and provides access to an account, a dynamically generated card identifier (dynamic CID) is used to verify that the consumer currently possesses the transaction card at the time of purchase and/or is the true card owner. At the time of purchase, a token generates a dynamic CID, which changes with each transaction. A consumer enters the dynamic CID into a pre-existing CID field in an electronic order form. The merchant then sends the dynamic CID to a card authorization system within an authorization request. The card authorization system issues a response to a merchant system via a pre-existing authorization message indicating that the transaction card and dynamic CID have been validated, thereby adjusting the fraud risk associated with the transaction.
    Type: Application
    Filed: November 18, 2011
    Publication date: March 15, 2012
    Applicant: American Express Travel Related Services Company, Inc.
    Inventor: Glade Raymond Erikson
  • System and method for facilitating a financial transaction with a dynamically generated identifier
    Patent number: 8086493
    Abstract: Instead of a PIN which is associated with an account and provides access to an account, a dynamically generated card identifier (dynamic CID) is used to verify that the consumer currently possesses the transaction card at the time of purchase and/or is the true card owner. At the time of purchase, a token generates a dynamic CID, which changes with each transaction. A consumer enters the dynamic CID into a pre-existing CID field in an electronic order form. The merchant then sends the dynamic CID to a card authorization system within an authorization request. The card authorization system issues a response to a merchant system via a pre-existing authorization message indicating that the transaction card and dynamic CID have been validated, thereby adjusting the fraud risk associated with the transaction.
    Type: Grant
    Filed: October 27, 2010
    Date of Patent: December 27, 2011
    Assignee: American Express Travel Related Services Company, Inc.
    Inventor: Glade Raymond Erikson
  • SYSTEM AND METHOD FOR FACILITATING A FINANCIAL TRANSACTION WITH A DYNAMICALLY GENERATED IDENTIFIER
    Publication number: 20110040640
    Abstract: Instead of a PIN which is associated with an account and provides access to an account, a dynamically generated card identifier (dynamic CID) is used to verify that the consumer currently possesses the transaction card at the time of purchase and/or is the true card owner. At the time of purchase, a token generates a dynamic CID, which changes with each transaction. A consumer enters the dynamic CID into a pre-existing CID field in an electronic order form. The merchant then sends the dynamic CID to a card authorization system within an authorization request. The card authorization system issues a response to a merchant system via a pre-existing authorization message indicating that the transaction card and dynamic CID have been validated, thereby adjusting the fraud risk associated with the transaction.
    Type: Application
    Filed: October 27, 2010
    Publication date: February 17, 2011
    Applicant: American Express Travel Related Services Company, Inc.
    Inventor: Glade Raymond Erikson
  • System and method for facilitating a financial transaction with a dynamically generated identifier
    Patent number: 7849014
    Abstract: Instead of a PIN which is associated with an account and provides access to an account, a dynamically generated card identifier (dynamic CID) is used to verify that the consumer currently possesses the transaction card at the time of purchase and/or is the true card owner. At the time of purchase, a token generates a dynamic CID, which changes with each transaction. A consumer enters the dynamic CID into a pre-existing CID field in an electronic order form. The merchant then sends the dynamic CID to a card authorization system within an authorization request. The card authorization system issues a response to a merchant system via a pre-existing authorization message indicating that the transaction card and dynamic CID have been validated, thereby adjusting the fraud risk associated with the transaction.
    Type: Grant
    Filed: August 29, 2007
    Date of Patent: December 7, 2010
    Assignee: American Express Travel Related Services Company, Inc.
    Inventor: Glade Raymond Erikson
  • System and Method for Facilitating a Financial Transaction with a Dynamically Generated Identifier
    Publication number: 20090063345
    Abstract: Instead of a PIN which is associated with an account and provides access to an account, a dynamically generated card identifier (dynamic CID) is used to verify that the consumer currently possesses the transaction card at the time of purchase and/or is the true card owner. At the time of purchase, a token generates a dynamic CID, which changes with each transaction. A consumer enters the dynamic CID into a pre-existing CID field in an electronic order form. The merchant then sends the dynamic CID to a card authorization system within an authorization request. The card authorization system issues a response to a merchant system via a pre-existing authorization message indicating that the transaction card and dynamic CID have been validated, thereby adjusting the fraud risk associated with the transaction.
    Type: Application
    Filed: August 29, 2007
    Publication date: March 5, 2009
    Applicant: American Express Travel Related Services Company, Inc.
    Inventor: Glade Raymond Erikson