SYSTEMS AND METHODS FOR ENSURING THE APPLICATION OF USER-MANDATED RULES TO PAYMENT TRANSACTIONS
First Claim
1. A method of authorizing a payment transaction, the method comprising:
- storing in a database a first set of rules and a second set of rules for governing payment transactions initiated with a payment account of a user, wherein said first set of rules and second set of rules are configured by the user;
in response to a payment transaction having been initiated with a payment token associated with the payment account of the user, electronically communicating at least one rule from the first set of rules to a first computing device associated with or in communication with a first entity different from the user, such that the at least one rule from the first set of rules is applied to the payment transaction prior to or at the time of submission of a transaction authorization into a payment network;
electronically communicating to a second computing device associated with or in communication with a second entity at least one rule from the second set of rules in response to the transaction authorization having been transmitted to the second entity, wherein the second entity is different from the user and the first entity, such that the at least one rule from the second set of rules is applied to the transaction authorization to determine whether the payment transaction has been inspected by an approved rules engine; and
authorizing or declining the payment transaction based on the application of the at least one rule from the second set of rules.
1 Assignment
0 Petitions
Accused Products
Abstract
Systems and methods for controlling and/or authorizing payment transaction are described which may facilitate verification that payment transactions initiated with a payment token of a user are in fact vetted by user-configured rules. According to some examples, a method for controlling payment transactions may include storing a firs and second sets of rules in a database, which rules are configurable by a user. The method may further include communicating and/or applying the first set of rules by a first entity, such as a merchant, a payment network, or other payment acceptance provider. A payment transaction may be routed to a particular network as a result of the application of the first set of rules. During a verification stage, a second set of rules may be applied at the issuer level to determine whether or not user-configured rules have been applied. The transaction may be accepted or decline based on the application of the second set of rules and/or notification may be sent to the user regarding the resolution or the verification stage.
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Citations
19 Claims
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1. A method of authorizing a payment transaction, the method comprising:
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storing in a database a first set of rules and a second set of rules for governing payment transactions initiated with a payment account of a user, wherein said first set of rules and second set of rules are configured by the user; in response to a payment transaction having been initiated with a payment token associated with the payment account of the user, electronically communicating at least one rule from the first set of rules to a first computing device associated with or in communication with a first entity different from the user, such that the at least one rule from the first set of rules is applied to the payment transaction prior to or at the time of submission of a transaction authorization into a payment network; electronically communicating to a second computing device associated with or in communication with a second entity at least one rule from the second set of rules in response to the transaction authorization having been transmitted to the second entity, wherein the second entity is different from the user and the first entity, such that the at least one rule from the second set of rules is applied to the transaction authorization to determine whether the payment transaction has been inspected by an approved rules engine; and authorizing or declining the payment transaction based on the application of the at least one rule from the second set of rules. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A computer readable medium with instructions stored thereon to be executed by one or more processors of a payment network, a card issuer, or one or more computing devices in communication with the payment network or card issuer for applying and verifying an application of user configured rules to a payment transaction, which instructions when executed cause the one or more processors to:
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provide an electronic interface to a user to configure one or more rules governing a response to a request for authorization of a payment transaction initiated with a payment token of the user; store a first set of rules configured by the user for inspecting a payment transaction by a first entity and a second set of rules configured by the user for verifying the inspection of the payment transaction by a second entity; provide at least one rule from the first set of rules to the first entity different from the user in response to the payment transaction being initiated; and provide at least one rule from the second set of rules to the second entity different from the first entity or the user in response to a payment transaction being transmitted to the second entity for authorization; and authorize or decline the payment transaction based on the first set of rules and the second set of rules. - View Dependent Claims (14, 15, 16, 17, 18, 19)
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Specification