System for personal authorization control for card transactions

• US 20030172040A1
• Filed: 03/05/2002
• Published: 09/11/2003
• Est. Priority Date: 03/05/2002
• Status: Active Grant

• Current Assignee: Visa USA, Inc. (Visa, Inc.)
• Original Assignee: Visa USA, Inc. (Visa, Inc.)
• Inventors: OʼConnell, Robin, Kemper, Lynn, Vij, Akshey Shawn
• Granted Patent: US 7,389,275 B2
• Time in Patent Office: Days
• US Class Current: 705/75
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/202 Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• 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
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

Abstract

An authorization system allows for cardholder-provided parameters to a personal authorization subsystem. The parameters can be selected by the cardholder to limit the authorizations that would otherwise be granted on the card. The parameters can indicate limits by frequency, dollar amount, merchant, geographic location, time of day, combinations thereof, or the like. Authorization for a given transaction, even where authorized by an issuer and a network operator, might be denied based on self-constraints set by the cardholder. In some variations, messages are sent to the cardholder based on constraints set by the cardholder and transactions might be approved and messaged, or denied and messaged.

Claims

1. A credit card transaction system, wherein a cardholder or their agent is authorized to effect transactions in the credit card transaction system and bind the cardholder, the system comprising:

a transaction network coupled to merchant terminals for receiving requests for authorization from merchants who are independent of an operator of the transaction network;

an authorization server for processing the requests for authorization according to criteria set by at least one of an issuer financial institution that issued a card to the cardholder and is independent from the network operator; and

an authorization subprocessor configured to override an authorization of the authorization server based on contents of a parameter table associated with the cardholder, wherein the parameters used to override authorizations are provided by the cardholder.

2. The credit card transaction system of claim 1, wherein the parameters used to override authorizations are provided by the cardholder to the issuer financial institution.