System and method for controlling usage of a payment card
First Claim
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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Accused Products
Abstract
A system and method for controlling usage of a payment card by a cardholder using a cardholder telephony device is provided. The cardholder registers the payment card and the cardholder telephony device and defines cardholder default limits for the card. During subsequent usage of the card, an authorization computing device connected to the cardholder telephony device by a network verifies that the default limits for the card are not exceeded. If the default limits are exceeded, then a cardholder authorization for the usage of the card must be provided by the cardholder form the cardholder telephony device. The cardholder may also pre-authorize usage of the card in excess of the default limits.
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Citations
20 Claims
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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:
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. A system for controlling usage of at least one cardholder payment card by a cardholder for purchases using a cardholder telephony device of the cardholder connected to a telephony enabled first network, said system comprising:
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an authorization computing device for processing, the authorization computing device and the cardholder telephony device being connectable to one another by said first network; and a first database accessible by said authorization computing device and containing a respective card number for the card and respective cardholder default limits for the card defined by the cardholder, said authorization computing device 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, requesting the cardholder authorization for the usage using the cardholder telephony device if the said cardholder default limit is exceeded, declining the usage if the cardholder authorization is not granted; and
, if the usage is not otherwise declined by the financial institution, authorizing the usage.
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Specification