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Systems and methods for pre-configuring a payment vehicle

  • US 10,027,501 B1
  • Filed: 11/06/2014
  • Issued: 07/17/2018
  • Est. Priority Date: 11/06/2014
  • Status: Active Grant
First Claim
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1. A computer-implemented method comprising:

  • receiving, from a smart device of a user, an indication of an identified item that the user will need to purchase;

    in response to the indication of the identified item, sending, to a computing device of a user via a communications network, an electronic notification to select transaction criteria in advance of an anticipated transaction to be made with a payment vehicle, wherein the identified item is included in the transaction criteria, wherein the payment vehicle will not be authorized for transactions that have not been identified in advance;

    in response to the electronic notification, receiving at a computing device of an issuer of the payment vehicle from the computing device of the user, the transaction criteria prior to the anticipated transaction;

    receiving, at the computing device of the issuer of the payment vehicle from a point of sale device, a transaction authorization request for a transaction, the transaction authorization request generated by the point of sale device in response to an attempted use of the payment vehicle,wherein the transaction authorization request includes information about the transaction; and

    comparing, by the computing device of the issuer of the payment vehicle, the information about the transaction with the transaction criteria to determine whether to authorize the transaction.

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