MULTI-PURPOSE VIRTUAL CARD TRANSACTION APPARATUSES, METHODS AND SYSTEMS

• US 20140019352A1
• Filed: 07/09/2013
• Published: 01/16/2014
• Est. Priority Date: 02/22/2011
• Status: Abandoned Application

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Shrivastava, Abhinav
• Application Number:
  US13/938,176
• Publication Number:
  US 20140019352A1
• Time in Patent Office: Days
• US Class Current: 705/41
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 20/351 Virtual cards
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/384 using social networks
• CPC Class Codes: G06Q 20/407 Cancellation of a transaction
• CPC Class Codes: G06Q 20/42 Confirmation, e.g. check or permission by the legal debtor of payment

Abstract

The MULTI-PURPOSE VIRTUAL CARD TRANSACTION APPARATUSES, METHODS AND SYSTEMS (“WIP”) transform wallet in proxy card generation requests and purchase inputs via WIP components into wallet in proxy card generation notifications and wallet in proxy card-based transaction purchase notifications. In one implementation, the WIP server may receive a transaction authentication request associated with a proxy payment identifier, and then determine that the proxy payment identifier is associated with an electronic wallet. The WIP sever may further obtain a payment identifier associated with the electronic wallet, and authenticate the transaction using the obtained payment identifier associated with the electronic wallet.

Claims

1. A processor-implemented proxy wallet transaction authentication method, comprising:

receiving a transaction authentication request associated with a proxy payment identifier;

determining that the proxy payment identifier is associated with an electronic wallet;

obtaining proxy payment preferences stored with the electronic wallet;

determining a payment identifier associated with the electronic wallet based on the proxy payment preferences; and

authenticating the transaction using the obtained payment identifier associated with the electronic wallet.

2. The method of claim 1, wherein the proxy payment identifier is a permanent account number.

3. The method of claim 1, wherein the proxy payment preferences include a period of time that usage of an account is limited.

4. The method of claim 1, wherein the proxy payment preferences include a maximum transaction amount for an account.

5. The method of claim 1, wherein the proxy payment preferences include restricted usage to purchase a product category.

6. The method of claim 1, wherein the proxy payment preferences include a blacklist of merchants that usage of the cards is limited.

7. The method of claim 1, wherein proxy payment preferences include a maximum purchase frequency.

8. The method of claim 1, wherein the proxy payment preferences are automatically configured by associating consumption pattern with a calendar event.

9. A proxy wallet transaction authentication system, comprising:

means for receiving a transaction authentication request associated with a proxy payment identifier;

means for determining that the proxy payment identifier is associated with an electronic wallet;

means for obtaining proxy payment preferences stored with the electronic wallet;

means for determining a payment identifier associated with the electronic wallet based on the proxy payment preferences; and

means for authenticating the transaction using the obtained payment identifier associated with the electronic wallet.

10. The system of claim 9, wherein the proxy payment identifier is a permanent account number.

11. The system of claim 9, wherein the proxy payment preferences include a period of time that usage of an account is limited.

12. The system of claim 9, wherein the proxy payment preferences include a maximum transaction amount for an account.

13. The system of claim 9, wherein the proxy payment preferences include restricted usage to purchase a product category.

14. The system of claim 9, wherein the proxy payment preferences include a blacklist of merchants that usage of the cards is limited.

15. The system of claim 9, wherein proxy payment preferences include a maximum purchase frequency.

16. The system of claim 9, wherein the proxy payment preferences are automatically configured by associating consumption pattern with a calendar event.

17. A proxy wallet transaction authentication processor-readable non-transitory medium embodiment storing processor-executable instructions to:

receive a transaction authentication request associated with a proxy payment identifier;

determine that the proxy payment identifier is associated with an electronic wallet;

obtain proxy payment preferences stored with the electronic wallet;

determine a payment identifier associated with the electronic wallet based on the proxy payment preferences; and

authenticate the transaction using the obtained payment identifier associated with the electronic wallet.

18. The medium of claim 17, wherein the proxy payment identifier is a permanent account number.

19. The medium of claim 17, wherein the proxy payment preferences include a period of time that usage of an account is limited.

20. The medium of claim 17, wherein the proxy payment preferences include a maximum transaction amount for an account.

21. The medium of claim 17, wherein the proxy payment preferences include restricted usage to purchase a product category.

22. The medium of claim 17, wherein the proxy payment preferences include a blacklist of merchants that usage of the cards is limited.

23. The medium of claim 17, wherein proxy payment preferences include a maximum purchase frequency.

24. A proxy wallet transaction authentication apparatus, comprising:

a processor; and

a memory disposed in communication with the processor and storing processor-executable instructions to;

receive a transaction authentication request associated with a proxy payment identifier;

determine that the proxy payment identifier is associated with an electronic wallet;

obtain proxy payment preferences stored with the electronic wallet;

determine a payment identifier associated with the electronic wallet based on the proxy payment preferences; and

authenticate the transaction using the obtained payment identifier associated with the electronic wallet.