Methods and systems for processing electronic transactions and managing vehicle costs

• US 10,140,599 B2
• Filed: 07/13/2015
• Issued: 11/27/2018
• Est. Priority Date: 12/20/2012
• Status: Active Grant

• Current Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Original Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Inventors: Bryant, II, Dexter Edward
• Primary Examiner(s): Ade, Garcia
• Application Number:
  US14/798,233
• Publication Number:
  US 20150317615A1
• Time in Patent Office: 1,233 Days
• Field of Search: 705 21
• CPC Class Codes: G06Q 10/20 Administration of product repair or maintenance
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/401 Transaction verification

Abstract

A computer-implemented method for performing an electronic transaction using a payment computer coupled to a database is provided. The transaction includes an item purchased in association with a vehicle and initiated by a cardholder with a merchant. The method includes receiving, at the payment computer, an authorization request message from the merchant, the authorization request message including first transaction data, wherein the first transaction data includes a vehicle identifier for identifying the vehicle, an account data associated with the cardholder, and purchase data associated with a first purchased item; transmitting an authorization response message from the payment computer to the merchant, the authorization response message including an approval of the electronic transaction by an issuer bank; storing, within the database, the first transaction data including the vehicle identifier; storing, within the database, other transaction data associated with other purchased items for the vehicle, wherein the first transaction data and the other transaction data define a total transaction data associated with the vehicle; and tracking, by the vehicle identifier, the total transaction data for access by the cardholder.

Claims

1. A computer-implemented method for monitoring vehicle expenses using a payment processing computer coupled to a database, said method comprising:

receiving, by the payment processing computer, an authorization request message, wherein the authorization request message includes a vehicle identifier for identifying a vehicle, account data associated with a cardholder associated with the vehicle, and first purchase data associated with a first purchased item, wherein the first purchased item is a first vehicle related expense for at least one of operating and maintaining the vehicle;

storing, within the database, the authorization request message in a storage location associated with transaction data associated with a plurality of purchased items relating to the vehicle based on the vehicle identifier, wherein the stored transaction data includes the vehicle identifier, the account data associated with the cardholder, and a plurality of purchase data for the plurality of purchased items, wherein each of the purchased items is a vehicle related expense for at least one of operating and maintaining the vehicle;

receiving, by the payment processing computer from a user computer device, a request for a report of vehicle related expenses for the vehicle;

preparing, by the payment processing computer, the requested report of vehicle related expenses for the vehicle by using the vehicle identifier to retrieve the transaction data associated with the vehicle identifier within the database; and

transmitting, to the user computer device, the requested report of vehicle related expenses, wherein the user computer device is in communication with the payment processing computer through a communication network.

2. The computer-implemented method in accordance with claim 1, wherein the payment processing computer comprises an interchange computer associated with an interchange network.

3. The computer-implemented method in accordance with claim 1, wherein the user computing device is embedded within the vehicle.

4. The computer-implemented method in accordance with claim 1, wherein the user computing device comprises at least one a mobile phone, a laptop computer, and a desktop computer.

5. The computer-implemented method in accordance with claim 1, further comprising transmitting, from the payment processing computer, the transaction data to the user computer device.

6. The computer-implemented method in accordance with claim 1, further comprising receiving, at the payment processing computer, at least one of a type of fuel selected for the vehicle and a volume of fuel selected for the vehicle.

7. The computer-implemented method in accordance with claim 1, further comprising:

aggregating, by the payment processing computer, a monetary value of the transaction data over a period of time; and

analyzing the monetary value over an amount of distance traveled by the vehicle.

8. The computer-implemented method in accordance with claim 1, wherein the purchase data comprises at least one of a financial transaction, a product transaction, and a service transaction associated with the vehicle.

9. The computer-implemented method in accordance with claim 8, wherein the financial transaction comprises at least one of a vehicle loan payment and a vehicle insurance payment.

10. The computer-implemented method in accordance with claim 8, wherein the service transaction comprises a satellite service payment.

11. A system for monitoring vehicle expenses, said system comprising:

a payment processing computer configured to;

receive an authorization request message, wherein the authorization request message includes a vehicle identifier for identifying a vehicle, account data associated with a cardholder associated with the vehicle, and first purchase data associated with a first purchased item, wherein the first purchased item is a first vehicle related expense for at least one of operating and maintaining the vehicle;

store, within a database, the authorization request message in a storage location associated with transaction data associated with a plurality of purchased items relating to vehicle based on the vehicle identifier, wherein the stored transaction data includes the vehicle identifier, the account data associated with the cardholder, and a plurality of purchase data for the plurality of purchased items, wherein each of the purchased items is a vehicle related expense for at least one of operating and maintaining the vehicle;

receive, from a user computer device, a request for a report of vehicle related expenses for the requesting vehicle;

prepare the requested report of vehicle related expenses for the vehicle using the vehicle identifier and to retrieve the transaction data associated with the vehicle identifier stored within the database; and

transmit, to the user computer device, the requested report of vehicle related expenses; and

said user computer device comprising an output device, wherein said user computer device is in communication with said payment processing computer through a communication network, said user computer device configured to;

receive the report from said payment processing computer; and

display the report on said output device.

12. The system in accordance with claim 11, wherein said payment processing computer comprises an interchange computer associated with an interchange network.

13. The system in accordance with claim 11, wherein said user computing device is embedded within the vehicle.

14. The system in accordance with claim 11, wherein said user computing device comprises at least one of a mobile phone, a laptop computer, and a desktop computer.

15. A computer-implemented method for monitoring vehicle expenses using a user computer device in communication with a payment processing computer through a communication network, the user computer device including a processor coupled to a memory, said method comprising:

transmitting, by the user computer device to the payment processing computer, transaction data associated with a purchased item for a vehicle, wherein the transaction data includes a vehicle identifier for identifying the vehicle, account data associated with a cardholder associated with the vehicle, and a plurality of purchase data for the plurality of purchased items, wherein each of the purchased items is a vehicle related expense for at least one of operating and maintaining the vehicle;

transmitting, by the user computer device to the payment processing computer, a request for a report of vehicle related expenses for the vehicle, the request including the vehicle identifier;

receiving, from the payment processing computer, the requested report of vehicle related expenses for the vehicle, the report prepared at the payment processing computer using the vehicle identifier to retrieve the transaction data associated with the vehicle identifier stored within a database.

16. The computer-implemented method in accordance with claim 15, further comprising displaying the requested report on an output device of the user computer device.

17. The computer-implemented method in accordance with claim 15, wherein the payment processing computer includes an interchange computer associated with an interchange network.

18. The computer-implemented method in accordance with claim 15, wherein the user computing device is embedded within the vehicle.

19. The computer-implemented method in accordance with claim 15, wherein the user computing device comprises at least one of a mobile phone, a laptop computer, and a desktop computer.