Financial risk management system and method
First Claim
Patent Images
1. A network enabled online transaction risk management system comprising;
- at least one financial services server for processing financial transaction requests received over said network for at least one customer account wherein preferences for said at least one customer account are remotely configurable over said network;
at least one client in processing communications with said at least one financial services server over said network including means for remote configuration of said at least one customer account using one or more customer preferences;
at least one point of sales terminal in processing communications with said at least one financial services server including means for performing financial transactions with said financial services server.
4 Assignments
0 Petitions
Accused Products
Abstract
This invention describes a system and method for reducing financial risk associated with the use of credit and debit cards. The invention provides the ability for a customer to preset spending limits, notification and authorization limits and account suspension limits which a financial services provider uses. Transactions that exceed the customer entered preferences triggers a notification message, authorization request or suspends further transactions from occurring with the customer'"'"'s account.
-
Citations
43 Claims
-
1. A network enabled online transaction risk management system comprising;
-
at least one financial services server for processing financial transaction requests received over said network for at least one customer account wherein preferences for said at least one customer account are remotely configurable over said network;
at least one client in processing communications with said at least one financial services server over said network including means for remote configuration of said at least one customer account using one or more customer preferences;
at least one point of sales terminal in processing communications with said at least one financial services server including means for performing financial transactions with said financial services server. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25)
-
-
26. A method for reducing financial transaction risk comprising;
-
establishing networking communications between a client and a financial services server by at least one customer wherein said financial services server is in processing communications with at least one point of sales terminal, accessing an account on said financial services server owned by said at least one customer, entering one or more customer preferences, comparing financial transactions received from said at least one point of sales terminal to said one or more customer transactions, sending notifications to said at least one customer if said financial transactions exceed said one or more customer preferences, requesting authorization of said at least one customer if said financial transactions exceed said one or more customer preferences, suspending further financial transactions of said at least one customer if said financial transactions exceed one or more customer preferences. - View Dependent Claims (27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43)
-
Specification