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Systems and methods for use in verifying recurring transactions to payment accounts

  • US 10,210,515 B2
  • Filed: 11/23/2015
  • Issued: 02/19/2019
  • Est. Priority Date: 11/23/2015
  • Status: Active Grant
First Claim
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1. A computer-implemented method for use in processing a recurring transaction, in which a consumer associated with a payment account, to which the transaction is directed, is not contemporaneously participating in the transaction, the method comprising:

  • detecting, by at least one computing device, an authorization request for a recurring transaction to a payment account, directed from a merchant, via an acquirer, to an issuer of the payment account, the authorization request including a payment account number indicative of the payment account and a recurring payment indicator, and the recurring transaction submitted by the merchant based on a prior permission of the consumer; and

    in response to detecting the authorization request for the recurring transaction;

    transmitting, by the at least one computing device, a verification request for the recurring transaction to a communication device of the consumer, the verification request including an SMS message;

    inhibiting, by the at least one computing device, at least one of authorization and clearing of the recurring transaction until a verification response from the consumer, to the verification request for the recurring transaction, is received, whereby the consumer is permitted to verify the recurring transaction before the transaction is authorized and/or cleared;

    when the verification response is received within a predefined interval by the at least one computing device and the verification response is indicative of an approval of the recurring transaction;

    permitting the recurring transaction to proceed, wherein the verification response includes a reply SMS message from the consumer; and

    when the verification response is not received within the predefined interval;

    transmitting, by the at least one computing device, an authorization reply to the merchant via a payment network and the acquirer based on at least one default setting associated with the consumer, wherein the authorization reply includes an indicator of consumer-decline transaction.

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