Daniel K. Leul
Accountancy in Hyattsville, MD
License number
Maryland CA-0003444
Issued Date
Aug 16, 2012
Expiration Date
Jun 30, 2013
Category
Accountancy
Type
C.P.A. Permit
Address
Address
2
Hyattsville, MD 20782
Professional information
System And Method For Facilitating A Value Exchange Transaction
US Patent:
2010028, Nov 11, 2010
Filed:
Aug 28, 2006
Appl. No.:
12/095060
Inventors:
Daniel K. Leul - Hyattsville MD, US
International Classification:
G06Q 40/00
US Classification:
705 42
Abstract:
A method and system of facilitating a value exchange solely telephonically and preferably using IVR between multiple users in a distributed value exchange system. The method involves registering a first user with the value exchange system, wherein the first user is assigned a first account within the value exchange system; receiving telephonically at the value exchange system a value exchange transaction from the first user, wherein said transaction involves a second user and includes an identifier of the second user, a separate security code, and a value to be exchanged between the first user and the second user; and at the value exchange system prompting the first user to independently send a notification of said value exchange transaction to the second user and debiting said value from one of said first account to a credit to a second account associated with the second user as a pending transaction. Additional features of the present invention optionally add voice pattern recognition to validate the identity of a user and IVR to allow easy access to anyone with any type of telephone. A specific feature of the system to improve security is independent notification of a pending transaction.