First Data Corporation

The Keitz Group, LLC

Craig E Conway

Vijay Kumar Royyuru

Robert A Freisheim, Jr

Daniel J Ruppe

Jean M Sindaco

Michael L Keitz

Jerry Steinbrink

Stuart L Anmuth

Todd J Keitz

Andrew Brecher

Nancy Gussow Gross

Neal H Keitz

Edward L Blume

In general, this disclosure describes an electronic payment processing system that facilitates payment for goods or services using securities, such as stock. In some examples, a computing device includes at least one processor configured to receive data indicating an electronic payment request for a transaction associated with a provider of goods or services; process the payment request with a payment processing system to access a data store of a data storage device to identify one or more accounts associated with a recipient of the goods or services and to determine whether the identified accounts have sufficient amount of securities to satisfy an amount specified by the electronic payment request; and when the identified account has a sufficient amount of securities to satisfy the amount specified by the payment request, automatically generating an electronic response message from the payment processing system indicating pending payment for the transaction.

Online stock payment system

Systems and methods for authenticating an applicant. In one implementation, the applicant indicates to an acquirer an existing account for which the applicant wishes to be authenticated. The acquirer sends a message over an electronic funds transfer (EFT) network to an issuer of the account requesting a set of questions to ask the applicant. The issuer replies with a set of questions. The acquirer asks the applicant the questions, and forwards the applicant's answers to the issuer. The issuer compares the answers with known information relating to the account and decides, based on the comparison, whether the applicant is authenticated. The issuer then communicates its decision to the acquirer. Preferably, the messages and their associated replies are added to the set of messages handled by the EFT network, so that authentication may be handled in a standardized way without proliferating applicants' secret information.

Electronic verification service systems and methods

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Bryn Mawr, PA, United States of America

Craig E Conway