Systems and methods for facilitating account verification over a network

Abstract

In accordance with embodiments of the present disclosure, systems and methods for facilitating electronic commerce over a network include generating a transfer code for a client, associating the transfer code to a client account related to the client, providing the transfer code to the client over the network, receiving a fund transfer request from a trusted entity on behalf of the client over the network, the fund transfer request including the transfer code, extracting information from the fund transfer request including the transfer code associated with the fund transfer request, accessing the client account related to the client, extracting information from the client account including the transfer code associated with the client account, and verifying the transfer code of the fund transfer request by determining whether the transfer code associated with the client account matches the transfer code extracted from the fund transfer request.

1 . A method for facilitating electronic commerce over a network, the method comprising:
 generating a transfer code for a client;   associating the transfer code to a client account related to the client;   providing the transfer code to the client over the network;   receiving a fund transfer request from a trusted entity on behalf of the client over the network, the fund transfer request including the transfer code;   extracting information from the fund transfer request including the transfer code associated with the fund transfer request;   accessing the client account related to the client;   extracting information from the client account including the transfer code associated with the client account;   verifying the transfer code of the fund transfer request by determining whether the transfer code associated with the client account matches the transfer code extracted from the fund transfer request;   approving the fund transfer request if the transfer code associated with the client account matches the transfer code extracted from the fund transfer request; and   denying the fund transfer request if the transfer code associated with the client account fails to match the transfer code extracted from the fund transfer request.   
     
     
         2 . The method of  claim 1 , wherein the transfer code comprises a transfer identification (ID) code or a smart identification (ID) code. 
     
     
         3 . The method of  claim 1 , wherein providing the transfer code to the client over the network allows the client to include the transfer code in the fund transfer request. 
     
     
         4 . The method of  claim 1 , wherein the fund transfer request received from the trusted entity over the network includes a client name related to the client along with the transfer code, and wherein the trusted entity comprises a regulated banking institution. 
     
     
         5 . The method of  claim 1 , further comprising:
 extracting information from the fund transfer request including a client name associated with the fund transfer request;   extracting information from the client account including a client name associated with the client account;   verifying an identity of the client by determining whether the client name associated with the client account matches the client name extracted from the fund transfer request;   approving the fund transfer request if the client name associated with the client account matches the client name extracted from the fund transfer request; and   denying the fund transfer request if the client name associated with the client account fails to match the client name extracted from the fund transfer request.   
     
     
         6 . The method of  claim 1 , further comprising:
 establishing the client account with the client over the network; and   updating the client account by listing the client as a verified client after approving the fund transfer request.   
     
     
         7 . The method of  claim 1 , further comprising:
 receiving monetary funds from the trusted entity on behalf of the client, if the fund transfer request is approved; and   rejecting monetary funds from the trusted entity, if the fund transfer request is denied.   
     
     
         8 . The method of  claim 1 , wherein the fund transfer request is initiated by the client via accessing the trusted entity over the network, and wherein the trusted entity receives a request from the client to transfer funds from the trusted entity to the client account over the network. 
     
     
         9 . The method of  claim 1 , further comprising:
 maintaining a plurality of accounts including the client account; and   storing information related to the client as part of the client account including the client name of the client and the transfer code.   
     
     
         10 . The method of  claim 1 , further comprising:
 notifying the client over the network if the fund transfer request is approved; and   notifying the client over the network if the fund transfer request is denied.   
     
     
         11 . A system for facilitating electronic commerce over a network, the system comprising:
 a network interface component adapted to communicate with a trusted entity and a client over the network; and   a processing component adapted to:
 generate a transfer code for the client; 
 associate the transfer code to a client account related to the client; 
 provide the transfer code to the client over the network; 
 receive a fund transfer request from the trusted entity on behalf of the client over the network, the fund transfer request including the transfer code; 
 extract information from the fund transfer request including the transfer code associated with the fund transfer request; 
 access the client account related to the client; 
 extract information from the client account including the transfer code associated with the client account; 
 verify the transfer code of the fund transfer request by determining whether the transfer code associated with the client account matches the transfer code extracted from the fund transfer request; 
 approve the fund transfer request if the transfer code associated with the client account matches the transfer code extracted from the fund transfer request; and 
 deny the fund transfer request if the transfer code associated with the client account fails to match the transfer code extracted from the fund transfer request. 
   
     
     
         12 . The system of  claim 11 , wherein the transfer code comprises a transfer identification (ID) code or a smart identification (ID) code. 
     
     
         13 . The system of  claim 11 , wherein providing the transfer code to the client over the network allows the client to include the transfer code in the fund transfer request. 
     
     
         14 . The system of  claim 11 , wherein the fund transfer request received from the trusted entity over the network includes a client name related to the client along with the transfer code, and wherein the trusted entity comprises a regulated banking institution. 
     
     
         15 . The system of  claim 11 , wherein the processing component is adapted to:
 extract information from the fund transfer request including a client name associated with the fund transfer request;   extract information from the client account including a client name associated with the client account;   verify an identity of the client by determining whether the client name associated with the client account matches the client name extracted from the fund transfer request;   approve the fund transfer request if the client name associated with the client account matches the client name extracted from the fund transfer request; and   deny the fund transfer request if the client name associated with the client account fails to match the client name extracted from the fund transfer request.   
     
     
         16 . The system of  claim 11 , wherein the processing component is adapted to:
 establish the client account with the client over the network; and   update the client account by listing the client as a verified client after approving the fund transfer request.   
     
     
         17 . The system of  claim 11 , wherein the processing component is adapted to:
 receive monetary funds from the trusted entity on behalf of the client, if the fund transfer request is approved; and   reject monetary funds from the trusted entity, if the fund transfer request is denied.   
     
     
         18 . The system of  claim 11 , wherein the fund transfer request is initiated by the client via accessing the trusted entity over the network, and wherein the trusted entity receives a request from the client to transfer funds from the trusted entity to the client account over the network. 
     
     
         19 . The system of  claim 11 , wherein the processing component is adapted to:
 maintain a plurality of accounts including the client account; and   store information related to the client as part of the client account including the client name of the client and the transfer code.   
     
     
         20 . The system of  claim 11 , wherein the processing component is adapted to:
 notify the client over the network if the fund transfer request is approved; and   notify the client over the network if the fund transfer request is denied.   
     
     
         21 . Software encoded in at least one computer readable medium and when executed operable to:
 communicate with a trusted entity and a client over a network;   generate a transfer code for the client;   associate the transfer code to a client account related to the client;   provide the transfer code to the client over the network;   receive a fund transfer request from the trusted entity on behalf of the client over the network, the fund transfer request including the transfer code;   extract information from the fund transfer request including the transfer code associated with the fund transfer request;   access the client account related to the client;   extract information from the client account including the transfer code associated with the client account;   verify the transfer code of the fund transfer request by determining whether the transfer code associated with the client account matches the transfer code extracted from the fund transfer request;   approve the fund transfer request if the transfer code associated with the client account matches the transfer code extracted from the fund transfer request; and   deny the fund transfer request if the transfer code associated with the client account fails to match the transfer code extracted from the fund transfer request.   
     
     
         22 . The software of  claim 21 , further operable to:
 extract information from the fund transfer request including a client name associated with the fund transfer request;   extract information from the client account including a client name associated with the client account;   verify an identity of the client by determining whether the client name associated with the client account matches the client name extracted from the fund transfer request;   approve the fund transfer request if the client name associated with the client account matches the client name extracted from the fund transfer request; and   deny the fund transfer request if the client name associated with the client account fails to match the client name extracted from the fund transfer request.