System and method for consumer control over card-based transactions
2 Assignments
0 Petitions
Accused Products
Abstract
A system and method for consumer control over card-based transactions and associated accounts. An interface is provided between a merchant or the merchant'"'"'s bank and the bank or banks at which the consumer has accounts for card-based transactions. The interface acts as an intermediary which is accessible to the consumer so that the consumer may place a variety of controls on card-based transactions. For example, multiple transaction cards may be linked to a single credit account with each card having a different credit limit. As another example, each transaction card may be restricted to a particular merchant. As yet another example, a consumer may link several credit and/or debit accounts to a single transaction card; the consumer may pre-select criteria to be utilized for directing charges for a particular transaction to be applied the different accounts. The consumer may access the interface via a web site or a telephone for making changes and receiving account information. Flexibility and control over the use of transaction cards is, therefore, provided for card-based transactions and for debit and credit accounts used in connection with such card-based transactions.
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Citations
46 Claims
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1-37. -37. (canceled)
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38. A system for controlling card-based transactions comprising:
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a first card that is associated with a plurality of second cards that correspond to a plurality of accounts at one or more issuing banks, wherein the first card includes a number that may be used to perform a card-based transaction;
a transaction processing system associated with the first card and located between a merchant'"'"'s bank and the one or more issuing banks, the transaction processing system being adapted to receive the card-based transaction from the merchant bank, and to transmit at least a portion of the card-based transaction to one or more of the accounts based on one or more rules associated with the number; and
an interface to the transaction processing system that is accessible by a user for allowing the user to dynamically and selectively modify the one or more rules. - View Dependent Claims (39, 40, 41, 42)
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43. A method for controlling card-based transactions:
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issuing an account number that links plurality of transaction cards corresponding to a plurality of accounts at one or more issuing banks, wherein the account number may be presented by a user to perform a card-based transaction;
receiving the card-based transaction;
determining how to process the card-based transaction based on one or more rules associated with the account number;
transmitting at least a portion of the card-based transaction to one or more of the accounts based on the one or more rules; and
providing an interface that is accessible by a user and that allows the user to dynamically and selectively modify the one or more rules. - View Dependent Claims (44, 45, 46)
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Specification