CONSUMER SPENDING THRESHOLD EVALUATION
First Claim
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1. A method comprising:
- receiving, by a server computer, an authorization request for a transaction conducted with a payment token from a merchant via an open payment processing network, the payment token associated with an account having a no preset spending limit;
determining, by the server computer, an exposure limit of the account in real-time based on information obtained by the open payment processing network; and
determining, by the server computer, whether or not to authorize the transaction based on the determined exposure limit.
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Abstract
A method comprising receiving, by a server computer, an authorization request for a transaction conducted with a payment token from a merchant via an open payment processing network. The payment token associated with an account having a no preset spending limit. The method also determines, by the server computer, an exposure limit of the account in real-time based on information obtained by the open payment processing network. The method also determines, by the server computer, whether or not to authorize the transaction based on the determined exposure limit.
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Citations
20 Claims
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1. A method comprising:
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receiving, by a server computer, an authorization request for a transaction conducted with a payment token from a merchant via an open payment processing network, the payment token associated with an account having a no preset spending limit; determining, by the server computer, an exposure limit of the account in real-time based on information obtained by the open payment processing network; and determining, by the server computer, whether or not to authorize the transaction based on the determined exposure limit. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system comprising:
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a processor; and a computer readable medium coupled to the processor and comprising code executable by the processor, the computer readable medium comprising; code for receiving an authorization request for a transaction conducted with a payment token from a merchant via an open payment processing network, the payment token associated with an account having a no preset spending limit; code for determining an exposure limit of the account in real-time based on information obtained by the open payment processing network; and code for determining whether or not to authorize the transaction based on the determined exposure limit. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification