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Electronic payment system employing selectively activatable limited-use account number

  • US 20010047330A1
  • Filed: 07/31/2001
  • Published: 11/29/2001
  • Est. Priority Date: 12/02/1998
  • Status: Abandoned Application
First Claim
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1. In a computer system maintained by an account issuer, a method for executing a financial transaction using an account having an associated limited-use account number and an associated transaction card, comprising the acts of:

  • issuing a limited-use account number associated with the account, the limited-use account number remaining inactive until the account holder requests activation thereof;

    in response to the account holder using the transaction card to initiate communication with the computer system, receiving said communication, wherein said communication represents a request for activation of the limited-use number;

    activating the limited-use account number in response to said communication;

    transferring finds from the account in response to the account holder making an authorization using the limited-use number; and

    deactivating the limited-use account number such that the deactivated limited-use account number cannot be used to transfer funds until another request for activation is made by the account holder.

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