Authorizing use of a financial instrument

Abstract

Computer-implemented method and system are provided for verifying a financial instrument. The method comprises receiving, via a user interface, a request to use a financial instrument. A transaction processor initiates at least one transaction having a variable detail, using the financial instrument, and saves the variable detail. A requested detail relating to the at least one transaction is received via the user interface and the transaction processor compares the stored detail with the requested detail. The transaction processor authorizes the use of the financial instrument in response to receiving the correct input that matches the saved variable detail.

1 . A method comprising:
 receiving, from a user, via a user interface, a request to use a financial instrument in response to the request to use the financial instrument, initiating, in real time, at least one transaction having a variable detail, using the financial instrument;   in response to the initiating the at least one transaction notifying the user in real time of the initiation of the transaction;   saving the variable detail; and   using at least one processor, authorizing use of the financial instrument in response to receiving matching input from the user, the matching input matching the saved variable detail.   
     
     
         2 . The method of  claim 1 , wherein the financial instrument is suitable for use as a source or destination of electronically exchanged value. 
     
     
         3 . The method of  claim 1 , comprising obtaining identification of the financial instrument by presenting to the user a registration form via the user interface. 
     
     
         4 . The method of  claim 1 , comprising initiating the one or more transactions through a financial system. 
     
     
         5 . The method of  claim 1 , comprising:
 in response to determining that input from the user does not match the variable detail, providing the user with a limited number of additional opportunities to input correct details.   
     
     
         6 . The method of  claim 1 , wherein the variable detail includes one or more of a type of a transaction of the one or more transactions and a number of transactions in the one or more transactions. 
     
     
         7 . The method of  claim 1 , wherein:
 the one or more transactions are initiated on behalf of a vendor; and   the variable detail includes a vendor identifier, the vendor identifier identifying the vendor.   
     
     
         8 . The method of  claim 1 , comprising:
 determining a status of the user; and   selecting a presentation for the user, based on the status of the user.   
     
     
         9 . The method of  claim 1 , wherein said authorizing comprises:
 receiving a subsequent transaction, the subsequent transaction identifying a source; and   transferring funds to the financial instrument from the one for more financial instruments from the source.   
     
     
         10 . The method of  claim 1 , wherein a financial instrument from the one for more financial instruments is associated with at least one of a credit card account, a debit card account, and a checking account. 
     
     
         11 . A system comprising:
 at least one processor coupled to the memory;   a user interface to receive, from a user, a request to use a financial instrument, using the at least one processor;   a transaction processor to, using the at least one processor:
 in response to the request to use the financial instrument, initiate, in real time, at least one transaction having a variable detail, using the financial instrument, in response to the initiating the at least one transaction notify the user in real time of the initiation of the transaction, 
 save the variable detail, and 
 authorize use of the financial instrument in response to receiving matching input from the user, the matching input matching the saved variable detail. 
   
     
     
         12 . The system of  claim 11 , wherein the financial instrument is suitable for use as a source or destination of electronically exchanged value. 
     
     
         13 . The system of  claim 11 , wherein the user interface is to obtain identification of the financial instrument by presenting to the user a registration form via the user interface. 
     
     
         14 . The system of  claim 11 , wherein the transaction processor is to initiate the one or more transactions through a financial system. 
     
     
         15 . The system of  claim 11 , c wherein the transaction processor is to:
 in response to determining that input from the user does not match the variable detail, provide the user with a limited number of additional opportunities to input correct details.   
     
     
         16 . The system of  claim 11 , wherein the variable detail includes one or more of a type of a transaction of the one or more transactions and a number of transactions in the one or more transactions. 
     
     
         17 . The system of  claim 11 , wherein the transaction processor is to initiate the one or more transactions are initiated on behalf of a vendor, the variable detail includes a vendor identifier, the vendor identifier identifying the vendor. 
     
     
         18 . The system of  claim 11 , wherein the user interface is to:
 determine a status of the user; and   select a presentation for the user, based on the status of the user.   
     
     
         19 . The system of  claim 11 , wherein the transaction processor is to:
 receive a subsequent transaction, the subsequent transaction identifying a source; and   transfer funds to the financial instrument from the one for more financial instruments from the source.   
     
     
         20 . A machine-readable non-transitory storage medium having instruction data to cause a machine to:
 receive a request to use a financial instrument;   in response to the request to use the financial instrument, initiate, in real time, at least one transaction having a variable detail, using the financial instrument;   in response to the initiating the at least one transaction notify the user in real time of the initiation of the transaction;   save the variable detail; and   authorize use of the financial instrument in response to receiving matching input from the user, the matching input matching the saved variable detail.