Patents by Inventor Richard F. Carrott

Richard F. Carrott 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).

  • Patent number: 10311433
    Abstract: A registered provider device encrypts provider input related to a transaction between the provider device and one of many registered user devices to create an encrypted one-time-use provider code (the encryption is performed using an encryption key produced, in part, using a uniquely sequenced number generated by a sequencer maintained by the provider device). Similarly, the user device encrypts user input to create an encrypted one-time-use user code using an encryption key produced, in part, using a uniquely sequenced number generated by a user sequencer maintained by the user device. The provider and user devices independently transmit their different encrypted one-time-use codes to an intermediate entity, which decrypts the encrypted codes. This decryption is performed using one-time-use encryption keys produced using sequencers maintained by the intermediate entity, and this decryption generates an authorization request.
    Type: Grant
    Filed: December 16, 2016
    Date of Patent: June 4, 2019
    Assignee: BenedorTSE LLC
    Inventor: Richard F. Carrott
  • Publication number: 20170300981
    Abstract: A method and structure for providing secure credit facility transactions for purchasing goods and services over a computer network such as the Internet that stores user's privileged information and other transactional data on the user's own computer. The method includes encryption of all information before or during its storage to the user's hard drive. The method and system includes the ability for the user to complete electronic commerce (e-commerce) transactions without revealing certain of the encrypted information, such as credit card numbers, to the merchant. The method and system creates and controls sub-accounts on a single credit facility, such as a credit card, with unique user reporting and corresponding password identifiers. The method and system sets and control sub-accounts spending amounts and replenishment periods. The method enables the user to create and control recurring debit accounts on a single credit facility, such as a credit card, over varying transactional periods.
    Type: Application
    Filed: June 29, 2017
    Publication date: October 19, 2017
    Applicant: Benedor LLC
    Inventors: Richard F. Carrott, Hirshol H. Pheir
  • Publication number: 20170148019
    Abstract: A registered provider device encrypts provider input related to a transaction between the provider device and one of many registered user devices to create an encrypted one-time-use provider code (the encryption is performed using an encryption key produced, in part, using a uniquely sequenced number generated by a sequencer maintained by the provider device). Similarly, the user device encrypts user input to create an encrypted one-time-use user code using an encryption key produced, in part, using a uniquely sequenced number generated by a user sequencer maintained by the user device. The provider and user devices independently transmit their different encrypted one-time-use codes to an intermediate entity, which decrypts the encrypted codes. This decryption is performed using one-time-use encryption keys produced using sequencers maintained by the intermediate entity, and this decryption generates an authorization request.
    Type: Application
    Filed: December 16, 2016
    Publication date: May 25, 2017
    Applicant: BenedorTSE LLC
    Inventor: RICHARD F. CARROTT
  • Patent number: 9607299
    Abstract: A system and method facilitates purchase transactions over a computer network, including the purchase of electronically storable items. The embodiments herein encrypt “customer information” in an encryption stream and cause the encryption stream to be transferred from the customer to a merchant in the purchase transaction. A verification entity receives the encryption stream which is sent by the merchant for identity verification and payment authorization. Then, the verification entity verifies the identifiers contained in the encryption stream and transfers an identity verification and payment authorization from the verification entity to the merchant. The encryption stream or unique transaction identifier can be added, by the merchant, to a purchased electronic item to create a personalized electronic item.
    Type: Grant
    Filed: August 3, 2012
    Date of Patent: March 28, 2017
    Inventor: Richard F. Carrott
  • Patent number: 9569776
    Abstract: A registered provider device encrypts provider input related to a transaction between the provider device and one of many registered user devices to create an encrypted one-time-use provider code (the encryption is performed using an encryption key produced, in part, using a uniquely sequenced number generated by a sequencer maintained by the provider device). Similarly, the user device encrypts user input to create an encrypted one-time-use user code using an encryption key produced, in part, using a uniquely sequenced number generated by a user sequencer maintained by the user device. The provider and user devices independently transmit their different encrypted one-time-use codes to an intermediate entity, which decrypts the encrypted codes. This decryption is performed using one-time-use encryption keys produced using sequencers maintained by the intermediate entity, and this decryption generates an authorization request.
    Type: Grant
    Filed: November 12, 2014
    Date of Patent: February 14, 2017
    Assignee: BENEDORTSE LLC
    Inventor: Richard F. Carrott
  • Patent number: 9558492
    Abstract: A registered provider device encrypts provider input related to a transaction between the provider device and one of many registered user devices to create an encrypted one-time-use provider code (the encryption is performed using an encryption key produced, in part, using a uniquely sequenced number generated by a sequencer maintained by the provider device). Similarly, the user device encrypts user input to create an encrypted one-time-use user code using an encryption key produced, in part, using a uniquely sequenced number generated by a user sequencer maintained by the user device. The provider and user devices independently transmit their different encrypted one-time-use codes to an intermediate entity, which decrypts the encrypted codes. This decryption is performed using one-time-use encryption keys produced using sequencers maintained by the intermediate entity, and this decryption generates an authorization request.
    Type: Grant
    Filed: November 2, 2015
    Date of Patent: January 31, 2017
    Assignee: BENEDORETSE LLC
    Inventor: Richard F. Carrott
  • Patent number: 9558493
    Abstract: A registered provider device encrypts provider input related to a transaction between the provider device and one of many registered user devices to create an encrypted one-time-use provider code (the encryption is performed using an encryption key produced, in part, using a uniquely sequenced number generated by a sequencer maintained by the provider device). Similarly, a provider institution app encrypts user input to create an encrypted one-time-use user code using an encryption key produced, in part, using a uniquely sequenced number generated by a user sequencer maintained by the user device. The provider and provider institution app independently transmit their different encrypted one-time-use codes to an intermediate entity, which decrypts the encrypted codes using one-time-use encryption keys produced using sequencers maintained by the intermediate entity. This decryption generates an authorization request.
    Type: Grant
    Filed: February 17, 2016
    Date of Patent: January 31, 2017
    Assignee: BENEDORTSE LLC
    Inventor: Richard F. Carrott
  • Patent number: 9400979
    Abstract: A system and method facilitating purchase transactions over a computer network, including the purchase of electronically storable items. The embodiments herein encrypt “customer identifier string” in an encryption stream and cause the encryption stream to be transferred from the customer to a merchant in the purchase transaction. A verification entity receives the encryption stream which is sent by the merchant for identity verification and payment authorization. Then, the verification entity verifies the identifiers contained in the encryption stream and transfers an identity verification and payment authorization from the verification entity to the merchant.
    Type: Grant
    Filed: May 10, 2013
    Date of Patent: July 26, 2016
    Assignee: BenedorTSE LLC
    Inventor: Richard F. Carrott
  • Publication number: 20160171492
    Abstract: A registered provider device encrypts provider input related to a transaction between the provider device and one of many registered user devices to create an encrypted one-time-use provider code (the encryption is performed using an encryption key produced, in part, using a uniquely sequenced number generated by a sequencer maintained by the provider device). Similarly, a provider institution app encrypts user input to create an encrypted one-time-use user code using an encryption key produced, in part, using a uniquely sequenced number generated by a user sequencer maintained by the user device. The provider and provider institution app independently transmit their different encrypted one-time-use codes to an intermediate entity, which decrypts the encrypted codes using one-time-use encryption keys produced using sequencers maintained by the intermediate entity. This decryption generates an authorization request.
    Type: Application
    Filed: February 17, 2016
    Publication date: June 16, 2016
    Applicant: BenedorTSE LLC
    Inventor: RICHARD F. CARROTT
  • Publication number: 20160132877
    Abstract: A registered provider device encrypts provider input related to a transaction between the provider device and one of many registered user devices to create an encrypted one-time-use provider code (the encryption is performed using an encryption key produced, in part, using a uniquely sequenced number generated by a sequencer maintained by the provider device). Similarly, the user device encrypts user input to create an encrypted one-time-use user code using an encryption key produced, in part, using a uniquely sequenced number generated by a user sequencer maintained by the user device. The provider and user devices independently transmit their different encrypted one-time-use codes to an intermediate entity, which decrypts the encrypted codes. This decryption is performed using one-time-use encryption keys produced using sequencers maintained by the intermediate entity, and this decryption generates an authorization request.
    Type: Application
    Filed: November 12, 2014
    Publication date: May 12, 2016
    Inventor: RICHARD F. CARROTT
  • Publication number: 20160132874
    Abstract: A registered provider device encrypts provider input related to a transaction between the provider device and one of many registered user devices to create an encrypted one-time-use provider code (the encryption is performed using an encryption key produced, in part, using a uniquely sequenced number generated by a sequencer maintained by the provider device). Similarly, the user device encrypts user input to create an encrypted one-time-use user code using an encryption key produced, in part, using a uniquely sequenced number generated by a user sequencer maintained by the user device. The provider and user devices independently transmit their different encrypted one-time-use codes to an intermediate entity, which decrypts the encrypted codes. This decryption is performed using one-time-use encryption keys produced using sequencers maintained by the intermediate entity, and this decryption generates an authorization request.
    Type: Application
    Filed: November 2, 2015
    Publication date: May 12, 2016
    Inventor: RICHARD F. CARROTT
  • Publication number: 20130246282
    Abstract: A system and method facilitating purchase transactions over a computer network, including the purchase of electronically storable items. The embodiments herein encrypt “customer identifier string” in an encryption stream and cause the encryption stream to be transferred from the customer to a merchant in the purchase transaction. A verification entity receives the encryption stream which is sent by the merchant for identity verification and payment authorization. Then, the verification entity verifies the identifiers contained in the encryption stream and transfers an identity verification and payment authorization from the verification entity to the merchant.
    Type: Application
    Filed: May 10, 2013
    Publication date: September 19, 2013
    Inventor: RICHARD F. CARROTT
  • Patent number: 8463713
    Abstract: A system and method facilitating purchase transactions over a computer network, including the purchase of electronically storable items. The embodiments herein encrypt “customer identifier string” in an encryption stream and cause the encryption stream to be transferred from the customer to a merchant in the purchase transaction. A verification entity receives the encryption stream which is sent by the merchant for identity verification and payment authorization. Then, the verification entity verifies the identifiers contained in the encryption stream and transfers an identity verification and payment authorization from the verification entity to the merchant.
    Type: Grant
    Filed: August 2, 2012
    Date of Patent: June 11, 2013
    Inventor: Richard F. Carrott
  • Publication number: 20120296773
    Abstract: A system and method facilitates purchase transactions over a computer network, including the purchase of electronically storable items. The embodiments herein encrypt “customer information” in an encryption stream and cause the encryption stream to be transferred from the customer to a merchant in the purchase transaction. A verification entity receives the encryption stream which is sent by the merchant for identity verification and payment authorization. Then, the verification entity verifies the identifiers contained in the encryption stream and transfers an identity verification and payment authorization from the verification entity to the merchant. The encryption stream or unique transaction identifier can be added, by the merchant, to a purchased electronic item to create a personalized electronic item.
    Type: Application
    Filed: August 3, 2012
    Publication date: November 22, 2012
    Inventor: Richard F. Carrott
  • Publication number: 20120296831
    Abstract: A system and method facilitating purchase transactions over a computer network, including the purchase of electronically storable items. The embodiments herein encrypt “customer identifier string” in an encryption stream and cause the encryption stream to be transferred from the customer to a merchant in the purchase transaction. A verification entity receives the encryption stream which is sent by the merchant for identity verification and payment authorization. Then, the verification entity verifies the identifiers contained in the encryption stream and transfers an identity verification and payment authorization from the verification entity to the merchant.
    Type: Application
    Filed: August 2, 2012
    Publication date: November 22, 2012
    Inventor: RICHARD F. CARROTT
  • Patent number: 8260719
    Abstract: A system and method facilitates purchase transactions over a computer network, including the purchase of electronically storable items. The embodiments herein encrypt “customer information” in an encryption stream and cause the encryption stream to be transferred from the customer to a merchant in the purchase transaction. A verification entity receives the encryption stream which is sent by the merchant for identity verification and payment authorization. Then, the verification entity verifies the identifiers contained in the encryption stream and transfers an identity verification and payment authorization from the verification entity to the merchant. The encryption stream or unique transaction identifier can be added, by the merchant, to a purchased electronic item to create a personalized electronic item.
    Type: Grant
    Filed: October 26, 2010
    Date of Patent: September 4, 2012
    Inventor: Richard F. Carrott
  • Patent number: 8260723
    Abstract: A system and method facilitating purchase transactions over a computer network, including the purchase of electronically storable items. The embodiments herein encrypt “customer identifier string” in an encryption stream and cause the encryption stream to be transferred from the customer to a merchant in the purchase transaction. A verification entity receives the encryption stream which is sent by the merchant for identity verification and payment authorization. Then, the verification entity verifies the identifiers contained in the encryption stream and transfers an identity verification and payment authorization from the verification entity to the merchant.
    Type: Grant
    Filed: September 2, 2008
    Date of Patent: September 4, 2012
    Inventor: Richard F. Carrott
  • Publication number: 20110040685
    Abstract: A system and method facilitates purchase transactions over a computer network, including the purchase of electronically storable items. The embodiments herein encrypt “customer information” in an encryption stream and cause the encryption stream to be transferred from the customer to a merchant in the purchase transaction. A verification entity receives the encryption stream which is sent by the merchant for identity verification and payment authorization. Then, the verification entity verifies the identifiers contained in the encryption stream and transfers an identity verification and payment authorization from the verification entity to the merchant. The encryption stream or unique transaction identifier can be added, by the merchant, to a purchased electronic item to create a personalized electronic item.
    Type: Application
    Filed: October 26, 2010
    Publication date: February 17, 2011
    Applicant: BENEDOR CORPORATION
    Inventor: Richard F. Carrott
  • Publication number: 20080319914
    Abstract: A system and method facilitating purchase transactions over a computer network, including the purchase of electronically storable items. The embodiments herein encrypt “customer identifier string” in an encryption stream and cause the encryption stream to be transferred from the customer to a merchant in the purchase transaction. A verification entity receives the encryption stream which is sent by the merchant for identity verification and payment authorization. Then, the verification entity verifies the identifiers contained in the encryption stream and transfers an identity verification and payment authorization from the verification entity to the merchant.
    Type: Application
    Filed: September 2, 2008
    Publication date: December 25, 2008
    Inventor: Richard F. Carrott
  • Patent number: 6839692
    Abstract: A method and structure for providing secure credit facility transactions for purchasing goods and services over a computer network such as the Internet that stores user's privileged information and other transactional data on the user's own computer. The method includes encryption of all information before or during its storage to the user's hard drive. The method and system includes the ability for the user to complete electronic commerce (e-commerce) transactions without revealing certain of the encrypted information, such as credit card numbers, to the merchant. The method and system creates and controls sub-accounts on a single credit facility, such as a credit card, with unique user reporting and corresponding password identifiers. The method and system sets and control sub-accounts spending amounts and replenishment periods. The method enables the user to create and control recurring debit accounts on a single credit facility, such as a credit card, over varying transactional periods.
    Type: Grant
    Filed: December 1, 2000
    Date of Patent: January 4, 2005
    Assignee: Benedor Corporation
    Inventors: Richard F. Carrott, Hirshol H. Pheir