Method, system and program product for deterring credit fraud
First Claim
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1. A method of deterring credit fraud, comprising:
- providing an association between a credit account, a locational restriction and a corresponding monetary restriction;
receiving a request to use the credit account; and
making an approval determination for the request based on the associating, wherein the request is approved if the request meets both the locational restriction and the corresponding monetary restriction.
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Abstract
Under the present invention, a credit account can be associated with a locational restriction and a corresponding monetary restriction. The locational restriction sets forth a specific merchant or type of merchant at which a credit account can be used. The monetary restriction sets forth a maximum monetary amount that can be charged to that account by the specified merchant or type of merchant. When a request to approve a purchase using the credit account is received from a merchant, it will be determined whether the locational and monetary restrictions are met. If so, the request is approved. However, if either restriction is not met, the request will be denied.
23 Citations
33 Claims
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1. A method of deterring credit fraud, comprising:
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providing an association between a credit account, a locational restriction and a corresponding monetary restriction;
receiving a request to use the credit account; and
making an approval determination for the request based on the associating, wherein the request is approved if the request meets both the locational restriction and the corresponding monetary restriction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method of deterring credit fraud, comprising:
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providing a credit account having a unique identification that is associated with a locational restriction and a corresponding monetary restriction;
receiving a request from a merchant to approve a purchase using the credit account for a certain monetary amount; and
making an approval determination for the request based on the locational restriction and the monetary restriction. - View Dependent Claims (11, 12, 13, 14, 15, 16)
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17. A system of deterring credit fraud, comprising:
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a restriction association system for associating a credit account with a locational restriction and a corresponding monetary restriction;
a request reception system for receiving a request to use the credit account; and
an approval determination system for making an approval determination for the request, wherein the request is approved if the request meets both the locational restriction and the corresponding monetary restriction. - View Dependent Claims (18, 19, 20, 21, 22, 23)
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24. A program product stored on a recordable medium for deterring credit fraud, which when executed, comprises:
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program code for associating a credit account with a locational restriction and a corresponding monetary restriction;
program code for receiving a request to use the credit account; and
program code for making an approval determination for the request, wherein the request is approved if the request meets both the locational restriction and the corresponding monetary restriction. - View Dependent Claims (25, 26, 27, 28, 29, 30)
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31. A system for deploying an application for deterring credit fraud, comprising:
a computer infrastructure being operable to;
associate a credit account with a locational restriction and a corresponding monetary restriction;
receive a request to use the credit account; and
make an approval determination for the request, wherein the request is approved if the request meets both the locational restriction and the corresponding monetary restriction.
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32. Computer software embodied in a propagated signal for deterring credit fraud, the computer software comprising instructions to cause a computer system to perform the following functions:
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associate a credit account with a locational restriction and a corresponding monetary restriction;
receive a request to use the credit account; and
make an approval determination for the request, wherein the request is approved if the request meets both the locational restriction and the corresponding monetary restriction.
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33. A method for supporting an application for deterring credit fraud, comprising:
supporting the application, wherein the application is operable to perform the following functions;
associate a credit account with a locational restriction and a corresponding monetary restriction;
receive a request to use the credit account; and
make an approval determination for the request, wherein the request is approved if the request meets both the locational restriction and the corresponding monetary restriction.
Specification