07650314 is referenced by 63 patents and cites 831 patents.

A system and method for securing a recurrent billing transaction using a marked proxy code is disclosed. The marked proxy code includes a merchant system marker which is assigned to the merchant and a proxy code assigned to a consumer. An account issuer assigns the proxy code to the consumer and assigns the merchant system marker to one or more merchants. During system operation, a merchant provides an account issuer with a request to establish a recurrent billing account and the account issuer returns to the merchant a marked proxy code including a merchant system marker and the proxy code provided by the merchant. If a merchant requests satisfaction of a transaction, the merchant transaction request includes the marked proxy account number. The account issuer receives the marked account number and validates the merchant system marker and the proxy code prior to validating the merchant's transaction request.

Title
System and method for securing a recurrent billing transaction
Application Number
11/164609
Publication Number
7650314 (B1)
Application Date
November 30, 2005
Publication Date
January 19, 2010
Inventor
Peter Saunders
Salt Lake City
UT, US
Agent
Snell & Wilmer L
Assignee
American Express Travel Related Services Company
NY, US
IPC
G06Q 20/00
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