Method and System for Partial Approval of Virtual Card Transactions

• US 20160335634A1
• Filed: 05/14/2015
• Published: 11/17/2016
• Est. Priority Date: 05/14/2015
• Status: Abandoned Application

• Current Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Original Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Inventors: FLOOD, Eoin
• Application Number:
  US14/712,286
• Publication Number:
  US 20160335634A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/351 Virtual cards
• CPC Class Codes: G06Q 20/3572 Multiple accounts on card
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 20/409 Device specific authentication in transaction processing

Abstract

A method and system for enabling partial payment by a controlled card, wherein the method includes: storing, in a database, a plurality of account profiles, wherein each account profile includes at least a controlled card account identifier and data related to at least one control associated with the controlled card account identifier; receiving an authorization request for a payment transaction via a payment network, wherein the authorization request includes at least a single controlled card account identifier associated with one of the plurality of controlled card account profiles and transaction data; generating at least one recommended approval value based upon the at least one control associated with the single controlled card account identifier; updating the authorization request to include information in one or more data fields that corresponds with the at least one recommended approval value; and transmitting the updated authorization request.

Claims

1. A method for enabling partial payment by a controlled card, comprising:

storing, in a controlled card database, a plurality of controlled card account profiles, wherein each controlled card account profile includes at least a controlled card account identifier and data related to at least one control associated with the controlled card account identifier;

receiving, by a receiving device, an authorization request for a payment transaction via a payment network, wherein the authorization request includes at least a single controlled card account identifier associated with one of the plurality of controlled card account profiles and transaction data;

generating, by a processing device, at least one recommended approval value based upon the at least one control associated with the single controlled card account identifier;

updating, by the processing device, the authorization request to include information in one or more data fields that corresponds with the at least one recommended approval value; and

transmitting, by a transmitting device and via the payment network, the updated authorization request.

2. The method of claim 1, wherein the data related to at least one control associated with the controlled card account profile corresponding to the single controlled card account identifier includes at least one transaction amount limit.

3. The method of claim 1, wherein the data related to at least one control associated with the controlled card account profile includes at least a first control associated with a first transaction amount limit and a second control associated with a second transaction amount limit.

4. The method of claim 2, wherein the recommended approval value is one of:

an amount equal to one transaction amount limit of the at least one transaction amount limit associated with the single controlled card account identifier and an amount less than the one transaction amount limit of the at least one transaction amount limit associated with the single controlled card account identifier.

5. The method of claim 1, wherein one data field of the one or more data fields includes at least two recommended approval values.

6. The method of claim 5, wherein two of the at least two recommended approval values are an amount equal to one transaction amount limit of the at least one transaction amount limit associated with the single controlled card account identifier and an amount less than the one transaction amount limit of the at least one transaction amount limit associated with the single controlled card account identifier.

7. The method of claim 1, further comprising:

receiving, by the receiving device, an authorization response via a payment network, wherein the authorization response includes at least the single controlled card account identifier associated with one of the plurality of controlled card account profiles; and

transmitting, by the transmitting device and via the payment network, the authorization response.

8. The method of claim 7, wherein the authorization response includes an authorized value corresponding to data included in the one or more data fields.

9. The method of claim 3, wherein the recommended approval amount is one of:

the first transaction amount limit, the second transaction amount limit, or an amount based upon both the first transaction amount limit and the second transaction amount limit.

10. The method of claim 1, wherein the single controlled card account identifier is a virtual card number.

11. A system for enabling partial payment by a controlled card, comprising:

a controlled card database configured to store a plurality of controlled card profiles, wherein each controlled card profile includes at least a controlled card account identifier and data related to at least one control associated with each controlled card account;

a receiving device, configured to receive an authorization request for a payment transaction via a payment network, wherein the authorization request includes at least a single controlled card account identifier associated with one of the plurality of controlled card account profiles and transaction data;

a processing device configured to;

generate at least one recommended approval value based upon the at least one control one control associated with the single controlled card identifier, and

update the authorization request to include information in one or more data fields that corresponds with the at least one recommended approval value; and

a transmitting device configured to transmit the updated authorization request via the payment network.

12. The system of claim 11, wherein the data related to at least one control associated with the controlled card account profile corresponding to the single controlled card account identifier includes at least one transaction amount limit.

13. The system of claim 11, wherein the data related to at least one control associated with the controlled card account profile includes at least a first control associated with a first transaction amount limit and a second control associated with a second transaction amount limit.

14. The system of claim 11, wherein the recommended approval value is one of:

an amount equal to one transaction amount limit of the at least one transaction amount limit associated with the single controlled card account identifier and an amount less than the transaction amount limit of the at least one transaction amount limit associated with the single controlled card account identifier.

15. The system of claim 11, wherein one data field of the one or more data fields includes at least two recommended approval values.

16. The system of claim 15, wherein two of the at least two recommended approval values are an amount equal to one transaction amount limit of the at least one transaction amount limit associated with the single controlled card account identifier and an amount less than the one transaction amount limit of the at least one transaction amount limit associated with the single controlled card account identifier.

17. The system of claim 11, wherein the receiving device is further configured to receive an authorization response via a payment network, wherein the authorization response includes at least the single controlled card account identifier associated with one of the plurality of controlled card account profiles and wherein the transmitting device is further configured to transmit the authorization response.

18. The system of claim 17, wherein the authorization response includes an authorized value corresponding to data included in the one or more data fields.

19. The system of claim 13, wherein the recommended approval amount is one of:

the first transaction amount limit, the second transaction amount limit, or an amount based upon both the first transaction amount limit and the second transaction amount limit.

20. The system of claim 11, wherein the single controlled card account identifier is a virtual card number.