Method and system for verification of remote party identification

Abstract

A method for processing a transaction includes receiving validation requests, automatically initiating one or more callbacks to an authorized transactor, and validating one or responses from the authorized transactor. The automatic initiation is in response to the validation requests, and according to pre-selected authorized transactor information. The responses from the authorized transactor are in reply to the callbacks. The validation is based upon the pre-selected authorized transactor information.

1 . A method for processing a transaction, the method comprising the steps of:
 receiving validation requests;   in response to said validation requests, automatically initiating, according to pre-selected authorized transactor information, one or more callbacks to said authorized transactor; and   validating, according to said pre-selected authorized transactor information, one or responses from said authorized transactor, said responses in reply to said callbacks.   
   
   
       2 . The method of  claim 1 , and further comprising the step of:
 providing a validation response relating to approval of said validation request, said validation response in response to said validation requests.   
   
   
       3 . The method of  claim 1 , wherein said step of validating comprises the step of:
 confirming a password associated with said authorized transactor, wherein said pre-selected authorized transactor information comprises said password.   
   
   
       4 . A transaction processing system comprising:
 a callback processor automatically initiating, in response to one or more validation instructions and according to pre-selected authorized transactor information, one or more callbacks to said authorized transactor; and   a validation server for validating, according to said pre-selected authorized transactor information, one or more responses from said authorized transactor, said responses in reply to said callbacks.   
   
   
       5 . The system of  claim 4 , wherein said callback processor comprises:
 an input/output (I/O) device for receiving said instructions and said responses;   a callback interface for sending said callbacks; and   a computer processing unit (CPU) for activating and for managing the processes of said callback processor using callback management software.   
   
   
       6 . The system of  claim 4 , wherein said validation server comprises:
 a input/output (I/O) device for receiving one or more requests for validation and for sending said instructions to said callback processor;   a memory for holding said pre-selected transaction information; and   a computer processing unit (CPU) for implementing validation processes management.   
   
   
       7 . The system of  claim 6 , wherein said validation processes management is deployed by a computer software product. 
   
   
       8 . The system of  claim 6 , wherein said pre-selected authorized transactor information comprises a password. 
   
   
       9 . The system of  claim 4 , wherein said validation server comprises said callback processor. 
   
   
       10 . A computer program embodied on a computer-readable medium, the computer program comprising:
 a first segment operative to receive validation requests;   a second segment, operative to automatically initiate, in response to said validation requests, according to pre-selected authorized transactor information associated with an authorized transactor, one or more callbacks to said authorized transactor; and   a third segment operative to validate, according to said pre-selected authorized transactor information, one or responses from said authorized transactor, said responses in reply to said callbacks.   
   
   
       11 . The program of  claim 10 , and further comprising:
 a fourth segment operative to provide a validation response relating to approval of said validation request, said validation response in response to said validation requests.   
   
   
       12 . The program of  claim 10 , and further comprising:
 a fifth segment operative to confirm a password associated with said authorized transactor, wherein said pre-selected authorized transactor information comprises said password.   
   
   
       13 . A method of processing a transaction, said method comprising the step of:
 deploying a computer program embodied on a computer-readable medium, the computer program comprising:
 a first segment operative to receive validation requests; 
 a second segment, operative to automatically initiate, in response to said validation requests, according to pre-selected authorized transactor information, one or more callbacks to said authorized transactor; and 
 a third segment operative to validate, according to said pre-selected authorized transactor information, one or responses from said authorized transactor, said responses in reply to said callbacks. 
   
   
   
       14 . The method of  claim 13 , wherein said step of deploying further comprises the step of deploying a fourth segment operative to provide a validation response relating to approval of said validation request. 
   
   
       15 . The method of  claim 13 , wherein said step of deploying further comprises the step of deploying a fifth segment operative to confirm a password associated with said authorized transactor, wherein said pre-selected transaction information comprises said password.