Transaction processing
First Claim
1. A transaction processing system comprising an interface for receiving authorisation requests, an interface for transmitting authorisation outputs, and a processing means comprising means for determining from authorisation request data if the system output should be positive or negative, characterised in that the processing means comprises:
- a setup means comprising means for storing transaction conditions associated with particular customers, and authorisation means for dynamically retrieving a transaction condition associated with the customer of each authorisation request on a per-transaction basis and for applying said conditions to the authorisation request.
3 Assignments
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Accused Products
Abstract
A transaction processing system for the real time authorisation of payment transactions, The system comprises a verification system (4) connected to an issuer card management system (3). A cardholder can access the system via an interface (2) which can be for example the Internet, a wireless device, telephone, or a branch visit. The interface allows the cardholder to input rules governing how their credit card transactions are to be authorised. When the cardholder initiates a purchase transaction with their credit card, an authorisation request is passed from the card network to the verification system which executes the rules created by the cardholder in order to approve or deny the transaction.
142 Citations
38 Claims
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1. A transaction processing system comprising an interface for receiving authorisation requests, an interface for transmitting authorisation outputs, and a processing means comprising means for determining from authorisation request data if the system output should be positive or negative, characterised in that the processing means comprises:
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a setup means comprising means for storing transaction conditions associated with particular customers, and authorisation means for dynamically retrieving a transaction condition associated with the customer of each authorisation request on a per-transaction basis and for applying said conditions to the authorisation request. - 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, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37)
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38. A transaction processing method carried by a verification system, and comprising the steps of
(i) receiving a transaction condition associated with a customer; -
(ii) writing said condition to a condition database also storing conditions associated with other customers;
(iii) receiving a transaction authorisation request from a transaction network;
(iv) processing said received authorisation request by dynamically retrieving a condition associated with the customer of the authorisation request on a per transaction basis;
(v) applying said condition and determining from the authorisation request data if the requested transaction should be approved or denied.
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Specification