Inventors:
Whitney Hilton Stewart - Cave Creek AZ, US
Matthew Lacey Petersen - St. Paul MN, US
Brian John Gallmeier - Lino Lakes MN, US
Teresa Marie Crews - Shoreview MN, US
Mark Andrew Nipe - Lino Lakes MN, US
James Michael Haire - Eagan MN, US
Robert Lawrence Hill - Mill Creek WA, US
Michael Richard Bates - Kenmore WA, US
Assignee:
eFunds Corporation - Jacksonville FL
International Classification:
G06Q 40/00
US Classification:
705 40, 705 38, 705 39, 705 42, 705 44
Abstract:
An electronic payment and authentication system that includes features to verify the authenticity of a payer, validate debit data, and facilitate debit (as opposed to credit) payment transactions. The electronic payment system allows a consumer to purchase items and services via a network while utilizing a debit transaction. The invention provides merchants with the ability to verify the identity of the consumer, determine if the consumer is a good debit transaction risk, and retrieve debit data associated with a particular consumer.