05708422 is referenced by 541 patents and cites 6 patents.

An automated method for alerting a customer that a transaction is being initiated and for authorizing the transaction based on a confirmation/approval by the customer thereto. In accordance with one illustrative embodiment, a request to authorize the transaction is received, wherein the request includes a customer identifier; a determination is made whether to authorize the transaction based on the customer identifier; if the determination is to authorize the transaction, that fact is communicated to the customer; a confirmation that the transaction should, in fact, be authorized is received back from the customer; and the transaction is authorized in response to the customer's confirmation thereof. In accordance with another illustrative embodiment, a transaction initiated by an agent of the customer (i.e., the principal) is authorized by the principal when one or more threshold parameters that may be pre-defined by the principal are exceeded. A preferred method of alerting the customer and receiving a confirmation to authorize the transaction back from the customer is illustratively afforded by conventional two-way pagers.

Title
Transaction authorization and alert system
Application Number
8/455939
Publication Number
5708422
Application Date
May 31, 1995
Publication Date
January 13, 1998
Inventor
Binay Sugla
Aberdeen
NJ, US
J Robert Mirville
Manalapan
NJ, US
Steven Lloyd Greenspan
Scotch Plains
NJ, US
Greg E Blonder
Summit
NJ, US
Agent
Henry T Brendzel
Assignee
AT&T
NJ, US
IPC
H04Q 1/00
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