Electronic payment and authentication system with debit and identification data verification and electronic check capabilities

Abstract

An electronic payment and authentication system that includes features to verify the authenticity of a payer, validate debit data, and facilitate debit (as opposed to credit) payment transactions. The electronic payment system allows a consumer to purchase items and services via a network while utilizing a debit transaction. The invention provides merchants with the ability to verify the identity of the consumer, determine if the consumer is a good debit transaction risk, and retrieve debit data associated with a particular consumer.

1 - 76 . (canceled) 
     
     
         77 . A computer-implemented method, implemented by at least one hardware processor, comprising:
 receiving, by an electronic processing system from a user terminal, a transaction request including requester data comprising a first field and a second field;   initiating a first search and a second search based on the requester data, wherein
 the first search includes querying a user information database, and 
 the second search includes querying a formatting database; 
   determining, based on results from the first search, correspondence between the first field and the second field;   analyzing, based on results of the second search, a format associated with at least one of the first field and the second field to determine whether data matches a required data format;   generating, based on the determined correspondence and the analyzed format, a score indicating a validity of the requester data; and   initiating, based on the score, an instruction to process the transaction request.   
     
     
         78 . The method of  claim 77 , wherein the first field includes a name. 
     
     
         79 . The method of  claim 78 , wherein the second field includes at least one of: an address, a date of birth, a telephone number, a driver's license number, a social security number, or a magnetic ink character recognition number. 
     
     
         80 . The method of  claim 77 ,
 further comprising: receiving, in response to the first search, a key profile; and   wherein determining, based on results from the first search, correspondence between the first field and the second field comprises:
 determining that the first field and the second field match corresponding fields of the key profile. 
   
     
     
         81 . The method of  claim 80 , further comprising: performing a fuzzy match algorithm with the key profile to determine that the first field corresponds to the second field. 
     
     
         82 . The method of  claim 77 , further comprising: receiving, in response to the second search, the required data format. 
     
     
         83 . The method of  claim 82 , wherein
 at least one of the first field and the second field is a telephone number, and   the required data format includes a format associated with a list of valid area codes for the telephone number.   
     
     
         84 . The method of  claim 77 ,
 wherein at least one of the first field and the second field includes a street address; and   further comprising: receiving, in response to the second search, an indication that the street address corresponds to a residential building.   
     
     
         85 . The method of  claim 77 ,
 wherein the first field includes a telephone number and the second field includes a ZIP code; and   further comprising: receiving, in response to the second search, an indication that the ZIP code corresponds to an area code of the telephone number.   
     
     
         86 . The method of  claim 77 , wherein generating the score comprises: weighting the determined correspondence and the analyzed format based on a likelihood of fraud. 
     
     
         87 . The method of  claim 77 , wherein transmitting the instruction to process the transaction request is further based on a threshold score of a party involved in the transaction request. 
     
     
         88 . An electronic processing system comprising:
 at least one memory device storing instructions; and   at least one process that executes the instructions to perform operations comprising:
 receiving, from a user terminal, a transaction request including requester data comprising a first field and a second field; 
 initiating a first search and a second search based on the requester data, wherein
 the first search includes querying a user information database, and 
 the second search includes querying a formatting database; 
 
 determining, based on results from the first search, correspondence between the first field and the second field; 
 analyzing, based on results of the second search, a format associated with at least one of the first field and the second field to determine whether data matches a required data format; 
 generating, based on the determined correspondence and the analyzed format, a score indicating a validity of the requester data; and 
 initiating, based on the score, an instruction to process the transaction request. 
   
     
     
         89 . The system of  claim 88 , wherein the first field includes a name. 
     
     
         90 . The system of  claim 89 , wherein the second field includes at least one of: an address, a date of birth, a telephone number, a driver's license number, a social security number, or a magnetic ink character recognition number. 
     
     
         91 . The system of  claim 88 , wherein
 the operations further comprise: receiving, in response to the first search, a key profile; and   determining, based on results from the first search, correspondence between the first field and the second field comprises:
 determining that the first field and the second field match corresponding fields of the key profile. 
   
     
     
         92 . The system of  claim 91 , the operations further comprising: performing a fuzzy match algorithm with the key profile to determine that the first field corresponds to the second field. 
     
     
         93 . The system of  claim 88 , the operations further comprising: receiving, in response to the second search, the required data format. 
     
     
         94 . The system of  claim 93 , wherein
 at least one of the first field and the second field is a telephone number, and   the required data format includes a format associated with a list of valid area codes for the telephone number.   
     
     
         95 . The system of  claim 88 , wherein
 at least one of the first field and the second field includes a street address; and   the operations further comprise: receiving, in response to the second search, an indication that the street address corresponds to a residential building.   
     
     
         96 . A non-transitory computer-readable medium storing instructions that, when executed by at least one processor, cause the processor to perform a method comprising:
 receiving, by an electronic processing system from a user terminal, a transaction request including requester data comprising a first field and a second field;   initiating a first search and a second search based on the requester data, wherein
 the first search includes querying a user information database, and 
 the second search includes querying a formatting database; 
   determining, based on results from the first search, correspondence between the first field and the second field;   analyzing, based on results of the second search, a format associated with at least one of the first field and the second field to determine whether data matches a required data format;   generating, based on the determined correspondence and the analyzed format, a score indicating a validity of the requester data; and   initiating, based on the score, an instruction to process the transaction request.