| abstract |
Various embodiments of the present invention help (1) process payment transactions more securely, (2) protect merchants and banks from fraudulent transactions, money laundering, underage gambling, and (3) Helps limit other misuses in the field of e-commerce, which are considered to pose special risks, such as Internet games, travel, consumer purchases of electronic goods, etc. (4) It provides a more secure financial transaction system for the electronic commerce sector that is integrated to help achieve reduced data storage capacity and / or reduced computer processing capacity. To achieve the above objectives, various embodiments of financial transaction systems include (1) providing business and transaction processing protocols for merchants, Internet payment service providers, affiliated banks, card schemes, and (2 ) Provide an automated system to monitor and securely process payments and financial transactions. |