Customer controlled account, system, and process
First Claim
1. A transaction system implemented across a network, comprising:
- a banking computer system of a central entity accessible through the network, the banking computer system comprising any of a terminal, a computer, a server, and a website, the central entity associated with any of an account issuer and a service provider that is associated with the account issuer;
a first database accessible to any of the account issuer and the service provider, comprising storage of a first set of rules associated with one or more accounts and controlled by any of the issuer and the service provider;
a second database accessible to any of the account issuer and the service provider, comprising storage of a second set of rules that are controllable by a customer of a selected account, the customer comprising any of an account holder of the selected account and a user associated with the selected account;
wherein the banking computer system is configured to;
receive from a terminal associated with a merchant a transaction request associated with the selected account;
determine whether the transaction request complies with the first set of rules;
determine whether the transaction request complies with the second set of rules; and
respond to the requested transaction based on the first set of rules and the second set of rules, including;
sending a message to a mobile device of the customer when the transaction request fails to comply with the second set of rules;
receiving a response from the customer via the mobile device; and
temporarily updating the second set of rules such that the transaction request complies with the temporarily updated second set of rules based on the response received from the customer via the mobile device, wherein temporarily updating the second set of rules comprises updating the second set of rules only temporarily within dates of travel to a foreign destination specified by the customer.
1 Assignment
0 Petitions
Accused Products
Abstract
Access devices like credit cards and/or check cards have enhanced security features that allow a customer to control circumstances under which their account is accessed. Fraudsters may try to access the account without the knowledge of the consumer set controls, the system takes remedial action with reduced instances of false positives. An account is established for an account holder through a central entity, e.g. an issuer. At least one user is associated with the access device that is established for one or more transactions. Use of the access devices is defined by a set of rules defined by the central entity and are controllable by the customer, including comprising any of the account holder and the user of the account. The customer inputs, controls, and/or updates parameters associated with the customer-controllable rules. Subsequent authorization of the access devices is controlled based on the customer input and other controls.
33 Citations
12 Claims
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1. A transaction system implemented across a network, comprising:
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a banking computer system of a central entity accessible through the network, the banking computer system comprising any of a terminal, a computer, a server, and a website, the central entity associated with any of an account issuer and a service provider that is associated with the account issuer; a first database accessible to any of the account issuer and the service provider, comprising storage of a first set of rules associated with one or more accounts and controlled by any of the issuer and the service provider; a second database accessible to any of the account issuer and the service provider, comprising storage of a second set of rules that are controllable by a customer of a selected account, the customer comprising any of an account holder of the selected account and a user associated with the selected account; wherein the banking computer system is configured to; receive from a terminal associated with a merchant a transaction request associated with the selected account; determine whether the transaction request complies with the first set of rules; determine whether the transaction request complies with the second set of rules; and respond to the requested transaction based on the first set of rules and the second set of rules, including; sending a message to a mobile device of the customer when the transaction request fails to comply with the second set of rules; receiving a response from the customer via the mobile device; and temporarily updating the second set of rules such that the transaction request complies with the temporarily updated second set of rules based on the response received from the customer via the mobile device, wherein temporarily updating the second set of rules comprises updating the second set of rules only temporarily within dates of travel to a foreign destination specified by the customer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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Specification