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System and method for controlling usage of a payment card

  • US 20080217399A1
  • Filed: 03/07/2007
  • Published: 09/11/2008
  • Est. Priority Date: 03/07/2007
  • Status: Abandoned Application
First Claim
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1. A method for controlling usage of at least one cardholder payment card by a cardholder for purchases using a cardholder telephony device of the cardholder, the payment card being issued to the cardholder by a financial institution, said method comprising the steps of:

  • verifying that the usage does not exceed at least one cardholder default limit up to which a cardholder authorization for the usage is not required, each cardholder default limit being predefined by the cardholder;

    if the at least one cardholder default limit is exceeded, requesting said cardholder authorization for the usage using the cardholder telephony device;

    declining the usage if said cardholder authorization is not granted; and

    if the usage is not otherwise declined by the financial institution, authorizing the usage.

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