OVERAGE SERVICE USING OVERAGE PASSCODE

• US 20120066078A1
• Filed: 04/26/2011
• Published: 03/15/2012
• Est. Priority Date: 09/10/2010
• Status: Abandoned Application

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Kingston, Tamara S., Barr, Willard Andrew, Garrett, Doris Maria, Nelson, Mark Allan, Tucker, Jonathan H., Tuders, John Franklin, Whitler, Elbert Lee
• Application Number:
  US13/094,564
• Publication Number:
  US 20120066078A1
• Time in Patent Office: Days
• US Class Current: 705/16
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/4012 Verifying personal identification numbers [PIN]
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

In general terms, embodiments of the present invention relate to methods and apparatuses for providing an overage service using an overage passcode. For example, in some embodiments, a method is provided that includes: (a) receiving transaction information associated with a transaction, where the transaction involves an account; (b) determining, based at least partially on the transaction information, that the account will incur an overage as a result of the transaction; (c) receiving an overage passcode associated with the account; and (d) authorizing the transaction based at least partially on the receiving the overage passcode.

Claims

1. A method comprising:

receiving transaction information associated with a transaction, wherein the transaction involves an account;

determining, based at least partially on the transaction information, that the account will incur an overage as a result of the transaction;

receiving an overage passcode associated with the account; and

authorizing the transaction based at least partially on the receiving the overage passcode.

2. The method of claim 1, wherein the transaction information comprises the overage passcode, such that the receiving the transaction information comprises the receiving the overage passcode.

3. The method of claim 1, wherein the transaction information comprises a primary passcode associated with the account, and wherein the receiving the overage passcode occurs after the receiving the transaction information.

4. The method of claim 1, wherein the transaction involves a holder of the account, the method further comprising:

prompting the holder to provide the overage passcode, wherein the prompting the holder occurs after the determining that the account will incur the overage, and

wherein the receiving the overage passcode occurs after the prompting the holder.

5. The method of claim 4, wherein the prompting the holder occurs within about twenty seconds of the determining that the account will incur the overage.

6. The method of claim 4, wherein the prompting the holder comprises sending a message to a mobile device accessible to the holder, wherein the message prompts the holder to provide the overage passcode.

7. The method of claim 4, wherein the transaction involves a transaction machine, and wherein the prompting the holder comprises sending a message to the transaction machine, wherein the message prompts the holder to provide the overage passcode.

8. The method of claim 4, wherein the prompting the holder comprises sending the amount of the overage to the holder.

9. The method of claim 4, wherein the prompting the holder comprises sending the overage passcode to the holder.

10. The method of claim 9, wherein the overage passcode is not known to the holder before the sending the overage passcode to the holder.

11. The method of claim 4, wherein the overage passcode is known to the holder before the prompting the holder.

12. The method of claim 1, wherein the transaction involves a holder of the account, the method further comprising:

declining the transaction based at least partially on the determining that the account will incur an overage, and

wherein the receiving the overage passcode comprises receiving the overage passcode from the holder after the declining the transaction.

13. The method of claim 1, wherein the transaction involves a holder of the account and a transaction machine, and wherein the receiving the overage passcode is based at least partially on the holder inputting the overage passcode into the transaction machine.

14. The method of claim 1, wherein the transaction involves a holder of the account, and wherein the receiving the overage passcode is based at least partially on the holder inputting the overage passcode into a mobile device accessible to the holder.

15. The method of claim 1, further comprising:

receiving second transaction information associated with a second transaction, wherein the second transaction involves a second account, and wherein the second account is associated with a primary passcode;

determining, based at least partially on the second transaction information, that the second account will incur an overage as a result of the second transaction;

receiving the primary passcode; and

declining the second transaction based at least partially on the receiving the primary passcode.

16. The method of claim 1, wherein the transaction involves a holder of the account, and wherein the overage passcode was selected by the holder before the transaction is initiated.

17. The method of claim 1, wherein the transaction involves a holder of the account, and wherein the receiving the overage passcode serves to indicate that the holder consents to the overage.

18. The method of claim 1, further comprising:

storing the overage passcode in an account profile associated with the account, wherein the account profile is stored in a computer-readable medium; and

after receiving the overage passcode, determining that the overage passcode received matches the overage passcode stored in the account profile, and

wherein the authorizing the transaction is based at least partially on the determining that the overage passcode received matches the overage passcode stored in the account profile.

19. The method of claim 1, wherein the passcode is a four digit personal identification number (PIN).

20. An apparatus comprising:

a communication interface configured to;

receive, via a payment network, transaction information associated with a transaction, wherein the transaction involves an account; and

receive an overage passcode associated with the account;

a processor operatively connected to the communication interface and configured to;

determine, based at least partially on the transaction information, that the account will incur an overage as a result of the transaction; and

authorize the transaction based at least partially on the communication interface receiving the overage passcode.

21. The apparatus of claim 20, wherein the communication interface is configured to receive the overage passcode via a telephone network.

22. The apparatus of claim 20, wherein the transaction information comprises the overage passcode, such that the communication interface receives the overage passcode by receiving the transaction information.

23. The apparatus of claim 20, wherein the transaction information comprises a primary passcode associated with the account, and wherein the communication interface receives the overage passcode after receiving the transaction information.

24. The apparatus of claim 20, wherein the processor is further configured to:

instruct the communication interface to prompt the holder to provide the overage passcode, wherein the processor instructs the communication interface to prompt the holder after the processor determines that the account will incur the overage, and

wherein the communication interface receives the overage passcode after the processor instructs the communication interface to prompt the holder.

25. The apparatus of claim 24, wherein the processor instructs the communication interface to prompt the holder by instructing the communication interface to send a message to a mobile device accessible to the holder, wherein the message prompts the holder to provide the overage passcode.

26. The apparatus of claim 24, wherein the transaction involves a transaction machine, and wherein the processor instructs the communication interface to prompt the holder by instructing the communication interface to send a message to the transaction machine, wherein the message prompts the holder to provide the overage passcode.

27. The apparatus of claim 24, wherein the processor instructs the communication interface to prompt the holder by instructing the communication interface to send the overage passcode to the holder.

28. The apparatus of claim 27, wherein the overage passcode is not known to the holder before the overage passcode is sent to the holder.

29. The apparatus of claim 20, wherein the transaction involves a holder of the account, and wherein the processor is further configured to:

decline the transaction based at least partially on the processor determining that the account will incur an overage, and

wherein the communication interface receives the overage passcode from the holder after the transaction is declined.

30. The apparatus of claim 20, wherein the transaction involves a holder of the account and a transaction machine, and wherein the communication interface receives the overage passcode based at least partially on the holder inputting the overage passcode into the transaction machine.

31. The apparatus of claim 20, wherein the transaction involves a holder of the account, and wherein the communication interface receives the overage passcode based at least partially on the holder inputting the overage passcode into a mobile device accessible to the holder.

32. The apparatus of claim 20,

wherein the communication interface is further configured to:

receive second transaction information associated with a second transaction, wherein the second transaction involves a second account, and wherein the second transaction information comprises a primary passcode that is associated with the second account, and

wherein the processor is further configured to;

determine, based at least partially on the second transaction information, that the second account will incur an overage as a result of the second transaction; and

decline the second transaction based at least partially on the communication interface receiving the primary passcode.

33. The apparatus of claim 20, further comprising:

a memory device operatively connected to the processor and configured to store the overage passcode,

wherein the processor is further configured to determine, after the communication interface receives the overage passcode, that the overage passcode received matches the overage passcode stored in the memory device, and

wherein the processor authorizes the transaction based at least partially on the processor determining that the overage passcode received matches the overage passcode stored in the memory device.

34. A computer program product comprising a non-transitory computer-readable medium, wherein the non-transitory computer-readable medium comprises one or more computer-executable program code portions that, when executed by a computer, cause the computer to:

receive transaction information associated with a transaction, wherein the transaction involves an account;

determine that the account will incur an overage as a result of the transaction;

receive an overage passcode associated with the account after the computer determines that account will incur an overage; and

authorize the transaction based at least partially on the computer receiving the overage passcode.

35. The computer program product of claim 34, wherein the transaction involves a transaction machine, and wherein the one or more computer-executable program code portions, when executed by the computer, cause the computer to:

send a message to the transaction machine, wherein the message prompts the holder to input the overage passcode into the transaction machine,

wherein the computer sends the message after the computer determines that the account will incur the overage, and

wherein the computer receives the overage passcode after the computer sends the message, and wherein the computer receives the overage passcode based at least partially on the holder inputting the overage passcode into the transaction machine.

36. The computer program product of claim 34, wherein the transaction involves a transaction machine and a holder of the account, wherein the holder carries a mobile device during the transaction, and wherein the one or more computer-executable program code portions, when executed by the computer, cause the computer to:

send a message to the mobile device, wherein the message prompts the holder to input the overage passcode into the mobile device or into the transaction machine, and

wherein the computer sends the message after the computer determines that the account will incur the overage, and

wherein the computer receives the overage passcode after the computer sends the message, and wherein the computer receives the overage passcode based at least partially on the holder inputting the overage passcode into the mobile device or the transaction machine.

37. The computer program product of claim 34, wherein the transaction involves a transaction machine, and wherein the one or more computer-executable program code portions, when executed by the computer, cause the computer to:

send the overage passcode to the holder before the computer receives the overage passcode, wherein the overage passcode is not known to the holder before the overage passcode is sent to the holder.

38. The computer program product of claim 34, wherein the one or more computer-executable program code portions, when executed by the computer, cause the computer to:

decline the transaction based at least partially on the computer determining that the account will incur an overage, and

wherein the computer receives the overage passcode after the transaction is declined.

39. The computer program product of claim 34, wherein the transaction involves a holder of the account, and wherein the overage passcode was selected by the holder before the transaction is initiated.

40. A method comprising:

receiving an authorization request associated with a transaction, wherein the transaction involves an account, and wherein the account is associated with a primary passcode;

determining that the account does not have sufficient funds or credit to cover the transaction;

determining that the authorization request comprises the primary passcode;

declining the authorization request based at least partially on the determining that the authorization request comprises the primary passcode and the determining that the account does not have sufficient funds or credit;

receiving a second authorization request associated with a second transaction, wherein the second transaction involves the account;

determining that the second authorization request comprises an overage passcode associated with the account; and

approving the second authorization request based at least partially on the determining that the second authorization request comprises the overage passcode.

41. The method of claim 40, wherein the transaction and the second transaction are the same transaction.

42. The method of claim 40, wherein the receiving the second authorization request comprises receiving the second authorization request within about five minutes of the declining the authorization request.

43. The method of claim 40, wherein the transaction involves a holder of the account, the method further comprising:

prompting the holder to provide the overage passcode, wherein the prompting the holder occurs after the determining that the account does not have sufficient funds, and

wherein the receiving the second authorization request comprises receiving the overage passcode from the holder after the prompting the holder to provide the overage passcode.

44. A method comprising:

presenting, by a holder of an account, account information at a transaction machine to engage in a transaction, wherein the account information is associated with the account;

receiving, by the holder, a message that prompts the holder to provide an overage passcode associated with the account, wherein the receiving occurs while the holder is still at the transaction machine; and

inputting, by the holder, the overage passcode into the transaction machine or into a mobile device accessible to a holder, wherein the inputting occurs while the holder is still at the transaction machine, and wherein the transaction is approved after the holder inputs the overage passcode.

45. The method of claim 44, wherein the message further prompts the holder to re-present the account information at the transaction machine to complete the transaction, the method further comprising:

re-presenting, by the holder, the account information at the transaction machine.

46. The method of claim 44, wherein the message notifies the holder that the transaction has been declined.

47. The method of claim 44, further comprising:

receiving, by the holder, a confirmation message that confirms that the holder input the overage passcode into the transaction machine or into the mobile device.

48. The method of claim 44, further comprising:

receiving, by the holder, disclosure information before the presenting the account information at the transaction machine, wherein the disclosure information defines one or more terms of an overage service associated with the overage passcode, and

wherein the inputting the overage passcode comprises agreeing, by the holder, to the one or more terms of the overage service defined in the disclosure information.