Paperless Coupon Transactions System
Users can conduct financial transactions in a secured manner without using traditional financial instruments, such as currency, credit cards, debit cards, prepaid cards, stored value cards, ATM cards, checks, coupons, tokens, tickets, vouchers, certificates, notes, securities, letters of credit, etc. In addition, a user's identity is kept confidential in the financial transactions.
1 . A computer system to conduct financial transactions based on electronic financial instruments, comprising:
a computer processor and a memory device;
a database stored on the memory device adapted to store associated with an account of a user at least a partial personal identification information of the user and contact information of a personal communication device of the user;
a communication device operable by the processor to send a new pass code in substantially real-time to the personal communication device of the user in response to receiving the partial personal identification information of the user from a subject and the account of the user complying with a pre-defined condition, the new pass code having a pre-defined life time; and
a transaction processing module operable by the processor to approve a financial transaction with the account of the user based on an electronic financial instrument and to permit the subject to conduct the financial transaction in response to receiving the new pass code from the subject before the new pass code expires.
2 . The computer system of claim 1 in which the processor generates instructions to freeze the account of the user when an incorrect pass code has been received from the subject.
3 . The computer system of claim 1 in which the communication device is further operable by the processor to send a photo of the user to the subject in response to receiving the partial personal identification information of the user from the subject.
4 . The computer system of claim 1 in which the partial personal identification information of the user comprises at least a partial phone number associated with the user.
5 . The computer system of claim 1 in which the partial personal identification information of the user comprises at least a partial phone number and a short code associated with the user.
6 . The computer system of claim 1 in which the partial personal identification information of the user comprises at least a set of data read from an official government issued identification document.
7 . The computer system of claim 1 in which the partial personal identification information of the user comprises at least a set of data read from an official government issued identification document and a short code associated with the user.
8 . The computer system of claim 1 in which the pre-defined condition comprises sufficient funds availability in the account of the user.
9 . The computer system of claim 1 in which the pre-defined condition comprises availability of the electronic financial instrument in the account of the user.
10 . The computer system of claim 1 in which the pre-defined condition comprises qualification of the account of the user.
11 . The computer system of claim 1 in which the electronic financial instrument comprises at least one of currency, a coupon, a token, a ticket, a voucher, a certificate, a note, a security, a check, a credit account identification, a debit account identification, an ATM account identification, a gift account identification, a stored value account identification, and prepaid account identification.
12 . A computerized method to conduct financial transactions based on electronic financial instruments, comprising:
storing associated with an account of a user at least a partial personal identification information of the user and contact information of a personal communication device of the user;
sending a new pass code in substantially real-time manner to the personal communication device of the user in response to receiving the partial personal identification information of the user from a subject and the account of the user complying with a pre-defined condition, the new pass code having a pre-defined life time; and
approving a financial transaction with the account of the user based on an electronic financial instrument and permitting the subject to conduct the transaction in response to receiving the new pass code from the subject before the new pass code expires.
13 . The computerized method of claim 12 , further comprising: freezing the account of the user when an incorrect pass code has been received from the subject.
14 . The computerized method of claim 12 , further comprising: sending a photo of the user to the subject in response to receiving the partial personal identification information of the user from the subject.
15 . The computerized method of claim 12 in which the partial personal identification of the user information comprises at least a partial phone number associated with the user.
16 . The computerized method of claim 12 in which the partial personal identification information of the user comprises at least a partial phone number and a short code associated with the user.
17 . The computerized method of claim 12 in which the partial personal identification information of the user comprises at least a set of data read from an official government issued identification document.
18 . The computerized method of claim 12 in which the partial personal identification information of the user comprises at least a set of data read from an official government issued identification document and a short code associated with the user.
19 . The computerized system of claim 12 in which the pre-defined condition comprises sufficient funds availability in the account of the user.
20 . The computerized method of claim 12 in which the pre-defined condition comprises availability of the financial instrument in the account of the user.
21 . The computerized method of claim 12 in which the pre-defined condition comprises qualification of the account of the user.
22 . The computer method of claim 12 in which the electronic financial instrument is at least one of currency, a coupon, a token, a ticket, a voucher, a certificate, a note, a security, a check, a credit account identification, a debit account identification, an ATM account identification, a gift account identification, a stored value account identification, and prepaid account identification.
23 . The computer method of claim 12 further comprising:
recording transactional information of the user.
24 . The computer method of claim 23 further comprising:
promoting at least one of a product and a service of the subject to the user based on the recorded information.