SYSTEM AND METHOD FOR CARD NOT PRESENT TRANSACTIONS
First Claim
Patent Images
1. A system for authorizing a “
- card not present”
transaction conducted by an account holder, the system comprising;
a terminal for entering transaction data pertaining to the transaction being conducted;
a database storing authorizing data representing authorization criteria captured in advance from the account holder and defining “
card not present”
transactions that are to be authorized; and
a processor for receiving the transaction data from the terminal, for accessing the authorizing data from the database, and for applying the authorizing data to the transaction data to determine if the transactions is to be authorized.
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Accused Products
Abstract
An authorizing system used for credit card and similar transactions where the credit card is not physically presented to the merchant (i.e., “card not present” transactions). Authorizing criteria may be selected by the account holder and stored in the authorizing system, for comparison to subsequent “card not present” transactions. The authorizing criteria may include total cumulative transactions amounts for “card not present” transactions during a monthly statement period.
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Citations
20 Claims
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1. A system for authorizing a “
- card not present”
transaction conducted by an account holder, the system comprising;a terminal for entering transaction data pertaining to the transaction being conducted; a database storing authorizing data representing authorization criteria captured in advance from the account holder and defining “
card not present”
transactions that are to be authorized; anda processor for receiving the transaction data from the terminal, for accessing the authorizing data from the database, and for applying the authorizing data to the transaction data to determine if the transactions is to be authorized. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
- card not present”
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11. A method for authorizing a transaction with a merchant and against a presentation instrument account, when the transaction is conducted without the presentation instrument being physically presented to the merchant, the method comprising:
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entering authorizing data into a database in advance of the transaction, where the data represents authorizing criteria selected by an account holder for determining whether transactions are permitted against the account when the instrument is not physically presented to the merchant; entering transaction data representing characteristics of a transaction to be conducted against the account, wherein the instrument is not physically presented to the merchant; and using a processor to compare the authorizing data to the transaction data, and authorizing the transaction only if the transaction data is consistent with the authorizing data. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification