Method and system for restricting the usage of payment accounts
First Claim
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1. One or more computer readable media having stored thereon a plurality of instructions that, when executed by one or more processors, causes the one or more processors to perform acts including:
- receiving a request to make a purchase at an on-line merchant using funds from a payment account that is identified in an electronic wallet corresponding to a particular user;
identifying restrictions associated with the payment account;
comparing the restrictions to an identity of the on-line merchant; and
determining, based on the comparing, whether to allow the purchase to proceed.
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Abstract
A user'"'"'s ability to spend and/or receive funds for payment accounts maintained in an electronic wallet are limited. These limitations include restrictions on where the user is able to spend the funds in a payment account (e.g., at which merchants the funds can be spent, whether the funds can be withdrawn from an ATM, etc.). These limitations may also include restrictions on what other payment accounts the user can receive funds from and/or transfer funds to, thereby limiting person-to-person fund transfers.
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Citations
10 Claims
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1. One or more computer readable media having stored thereon a plurality of instructions that, when executed by one or more processors, causes the one or more processors to perform acts including:
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receiving a request to make a purchase at an on-line merchant using funds from a payment account that is identified in an electronic wallet corresponding to a particular user;
identifying restrictions associated with the payment account;
comparing the restrictions to an identity of the on-line merchant; and
determining, based on the comparing, whether to allow the purchase to proceed. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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Specification