METHOD AND SYSTEM FOR LINKING AND CONTROLING OF PAYMENT CARDS WITH A MOBILE
First Claim
1. A system for performing a transaction in which a user obtains goods and services from a vendor using a payment card issued by a payment institutioncomprising:
- a user device associated with the user and generating a selective command in response to an input from the user, said command defining a restriction on the transaction; and
a control server separated from and operating independently of said vendor and said payment institution, said control server receiving a payment request from one of the vendor and thment institution for payment from a payment, said control server approving the transaction for payment only if permitted by said control command.
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Accused Products
Abstract
A unique payment card control system that controls payment for a transaction for goods or services, the control being implemented via a mobile communication device. In one embodiment, all transactions with user'"'"'s payment card are blocked, wherein control system does not allow any transaction requests received. Prior to conducting a transaction, the user sends a control command via the mobile communication device to the control system in order to unblock (enable) the associated card. The control system then determines that the card is not blocked and allows the transaction. From its mobile device the user is able to send a command to customize both the number of consecutive transactions and duration before the card is blocked again automatically. Alternatively, rules are provided that restrict transactions based on the payment card designated for the transaction, the vendor, the type of goods or services being exchanged for payment etc.
150 Citations
16 Claims
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1. A system for performing a transaction in which a user obtains goods and services from a vendor using a payment card issued by a payment institutioncomprising:
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a user device associated with the user and generating a selective command in response to an input from the user, said command defining a restriction on the transaction; and a control server separated from and operating independently of said vendor and said payment institution, said control server receiving a payment request from one of the vendor and thment institution for payment from a payment, said control server approving the transaction for payment only if permitted by said control command. - View Dependent Claims (2, 3, 4, 5)
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6. The system of claim I wherein said user device is adapted to generate a restrictive command that restricts any payment from the payment card until an express authorization for a specific transaction is received from the user.
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7. A method of providing a payment associated with a payment card for a transaction for goods or services from a vendor using a system including a card control server separate and independent of the vendor or the institution issuing the payment card and a user device adapted to receive an input from the user and to generate a command responsive to said input, comprising the steps of:
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receiving a request by the card control server for a payment from the vendor associated with the payment card of the user; determining by the card control server whether the payment associated with the payment card is authorized by the user; and authorizing by the server the payment when the payment is authorized by the user as indicated by the user device. - View Dependent Claims (8, 9, 10, 11, 12, 13, 14, 15, 16)
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Specification