CODE, METHODS, AND SYSTEMS FOR MONITORING, AUTHORIZING AND REJECTING ELECTRONIC FINANCIAL TRANSACTIONS AND CREDIT INQUIRIES

• US 20180330372A1
• Filed: 05/14/2018
• Published: 11/15/2018
• Est. Priority Date: 05/15/2017
• Status: Abandoned Application

• Current Assignee: Shlomo Dadon
• Original Assignee: Shlomo Dadon
• Inventors: Dadon, Shlomo
• Application Number:
  US15/979,303
• Publication Number:
  US 20180330372A1
• Time in Patent Office: Days
• CPC Class Codes: G06Q 20/34 using cards, e.g. integrated circuit [IC] cards or magnetic cards
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 20/42 Confirmation, e.g. check or permission by the legal debtor of payment
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

Code, methods, and systems for monitoring, accepting and rejecting financial transactions and credit inquiries associated with a user payment card is disclosed. The system receives user data for a user. The system integrates with a first financial network associated with payment card data of the user such that the first financial network sends a first financial network request for user authorization for each initiated financial transaction. The system determines the customer record associated with the first financial network request. The system displays a first GUI requesting a user approval of the initiated financial transaction associated with the financial network request for user authorization. The system receives first input data from a remote computing device corresponding to a financial transaction authorization message or a financial transaction denial message. The system transmits the first financial network a message denying or accepting the initiated financial transaction.

Claims

1. A non-transitory computer readable medium storing computer readable program code which when executed on a server is configured for monitoring, authorizing and rejecting electronic financial transactions associated with a user payment card comprising:

receiving from a remote computing device a plurality of user data for a user and storing the user data in a user record in an attached database, the attached database configured for storing a plurality of user records;

determining payment card data associated with the user payment card and storing the payment card data in the corresponding user record;

integrating with at least a first financial network associated with the payment card data such that at least the first financial network sends a financial network request for user authorization for each initiated financial transaction received by at least the first financial network;

receiving, in real time, from at least the first financial network the financial network request for user authorization for each initiated financial transaction from at least the first financial network;

determining, in real time, the user record associated with the financial network request for user authorization received;

displaying, in real time, on the remote computing device of the user a first graphical user interface (GUI) requesting a user approval of the initiated financial transaction associated with the financial network request for user authorization;

receiving in real time a plurality of first input data from the user received at the remote computing device, wherein the first input data corresponds to at least one of a financial transaction authorization message and a financial transaction denial message for the initiated financial transaction; and

,

transmitting, in real time, to at least the first financial network associated with the financial network request for user authorization received, at least one of the financial transaction authorization message and the financial transaction denial message for the initiated financial transaction.

2. The non-transitory computer readable medium of claim 1, wherein the first GUI includes a graphical representation of a geographic user location relative to a geographic transaction location.

3. The non-transitory computer readable medium of claim 1, wherein the geographic user location corresponds to the remote computing device geographic location when the financial network request for user authorization for each initiated financial transaction is received by the server.

4. The non-transitory computer readable medium of claim 1, wherein computer readable program code is further configured for determining if a geographic transaction location for each initiated financial transaction is received outside a predetermined radius.

5. The non-transitory computer readable medium of claim 4, wherein computer readable program code is further configured for:

providing a second GUI for receiving from the remote computing device second input data defining the predetermined radius and first protocol for automatically transmitting at least one of the financial transaction authorization message and the financial transaction denial message without receiving first input data from the user;

receiving from the remote computing device second input data;

storing the second input data and the first protocol in the corresponding user record; and

,

after receiving the financial network request for user authorization for the initiated financial transaction and without receiving first input data, in real time, determining if the geographic transaction location for each initiated financial transaction is received outside the predetermined radius and automatically transmitting to at least the first financial network associated with the financial network request for user authorization received, at least one of the financial transaction authorization message and the financial transaction denial message.

6. The non-transitory computer readable medium of claim 1, wherein code is configured to give a predetermined amount of time for providing the first input data on the remote computing device, and wherein if the first input data is not received within the predetermined amount of time the initiated financial transaction is denied.

7. The non-transitory computer readable medium of claim 6, wherein the first GUI includes a graphical countdown indicating remaining time for providing the first input data after the user approval request message has been transmitted to the remote computing device.

8. The non-transitory computer readable medium of claim 1, wherein the program code is further configured for:

integrating with at least one credit bureau such that the at least one credit bureau sends a credit bureau request for user authorization for each initiated credit inquiry received by the at least one credit bureau for each of the plurality of users;

receiving, in real time, over the communications network, from at least one credit bureau the credit bureau request for user authorization for each initiated credit inquiry;

determining, in real time, the user record associated with the credit bureau request for user authorization received;

displaying, in real time, on the remote computing device of the user a second GUI requesting the user approval of the initiated credit inquiry associated with the credit inquiry request for user authorization;

receiving, in real time, a plurality of second input data from the remote computing device, wherein the second input data corresponds to at least one of a credit inquiry authorization message and a credit inquiry denial message for the credit inquiry; and

,

transmitting, in real time, to at least one credit bureau associated with the credit bureau request, at least one of the credit inquiry authorization message and the credit inquiry denial message.

9. The non-transitory computer readable medium of claim 1, wherein the program code is further configured for:

receiving, in real time, from at least the first financial network a plurality of financial network requests for user authorization for a plurality of initiated financial transactions;

compiling, in real time, the plurality of financial network requests for user authorization for the plurality of initiated financial transactions;

displaying, in real time, on the remote computing device of the user a second GUI a list of the plurality of initiated financial transactions for user approval;

receiving, in real time, a plurality of second input data from the remote computing device, wherein the second input data corresponds to at least one of a bulk financial transaction authorization message and a bulk financial transaction denial message; and

,

transmitting, in real time, to at least the first financial network associated with the plurality of financial network requests for user authorization for the plurality of initiated financial transactions at least one of the bulk financial transaction authorization message and the bulk financial transaction denial message

10. The non-transitory computer readable medium of claim 1, wherein user data comprises at least a combination of a user first name, a user second name, a user credit card information, a user debit card information, a user bank account information, a user social security number, a user tax identification number, a user mobile number, a user email address and a user physical address.

11. The non-transitory computer readable medium of claim 1, wherein computer readable program code is further configured for:

providing a second GUI for receiving from the remote computing device second input data, wherein the second input data includes a function of at least one of a time of day, an amount of the transaction, and the geographic transaction location for automatically transmitting at least one of the financial transaction authorization message and the financial transaction denial message for the initiated financial transaction without receiving first input data from the user;

receiving from the remote computing device second input data;

storing the second input data in the corresponding user record; and

,

after receiving the financial network request for user authorization for the initiated financial transaction and without receiving first input data, in real time, automatically transmitting to at least the first financial network associated with the financial network request for user authorization received, at least one of the financial transaction authorization message and the financial transaction denial message based upon the first protocol.

12. A system, over a communications network, monitoring, authorizing and rejecting electronic financial transactions associated with a user payment card comprising:

a database for storing a user record for each of a plurality of users;

a memory; and

,

a processor configured for;

receiving from a remote computing device a plurality of user data for each user and storing the user data in a corresponding user record in the attached database, wherein the user data includes a predetermined radius and first protocol for automatically transmitting at least one of a financial transaction authorization message and a financial transaction denial message without receiving a first input data from the user;

determining payment card data associated with the user payment card and storing the payment card data in the corresponding user record;

integrating with at least a first financial network associated with the payment card data such that at least the first financial network sends a financial network request for user authorization for each initiated financial transaction received by at least the first financial network;

receiving, in real time, from at least the first financial network the financial network request for user authorization for each initiated financial transaction from at least the first financial network;

determining, in real time, the user record associated with the financial network request for user authorization received;

displaying, in real time, on the remote computing device of the user a first graphical user interface (GUI) requesting a user approval of the initiated financial transaction associated with the financial network request for user authorization;

receiving, in real time, the first input data from the user received at the remote computing device, wherein the first input data corresponds to at least one of the financial transaction authorization message and the financial transaction denial message for the initiated financial transaction;

transmitting, in real time, to at least the first financial network associated with the financial network request for user authorization received, at least one of the financial transaction authorization message and the financial transaction denial message for the initiated financial transaction; and

,

after receiving the financial network request for user authorization for the initiated financial transaction and without receiving the first input data, in real time, determining if a geographic transaction location for each initiated financial transaction is received outside the predetermined radius and automatically transmitting to at least the first financial network associated with the financial network request for user authorization received, at least one of the financial transaction authorization message and the financial transaction denial message.

13. The system of claim 12, wherein the processor is further configured to give a predetermined amount of time for providing the first input data on the remote computing device, and wherein if the first input data is not received within the predetermined amount of time the initiated financial transaction is denied.

14. The system of claim 13, wherein the processor is further configured to such that the first GUI includes a graphical countdown indicating remaining time for providing the first input data after the user approval request message has been transmitted to the remote computing device.

15. The system of claim 12, wherein the processor is further configured for:

integrating with at least one credit bureau such that the at least one credit bureau sends a credit bureau request for user authorization for each initiated credit inquiry received by the at least one credit bureau for each of the plurality of users;

receiving, in real time, over the communications network, from at least one credit bureau the credit bureau request for user authorization for each initiated credit inquiry;

determining, in real time, the user record associated with the credit bureau request for user authorization received;

displaying, in real time, on the remote computing device of the user a second GUI requesting the user approval of the initiated credit inquiry associated with the credit inquiry request for user authorization;

receiving, in real time, a plurality of second input data from the remote computing device, wherein the second input data corresponds to at least one of a credit inquiry authorization message and a credit inquiry denial message for the credit inquiry; and

,

transmitting, in real time, to at least one credit bureau associated with the credit bureau request, at least one of the credit inquiry authorization message and the credit inquiry denial message.

16. The system of claim 12, wherein the processor is further configured for:

providing a second GUI for receiving from the remote computing device second input data, wherein the second input data includes a function of at least one of a time of day, an amount of the transaction, and the geographic transaction location for automatically transmitting at least one of the financial transaction authorization message and the financial transaction denial message for the initiated financial transaction without receiving first input data from the user;

receiving from the remote computing device second input data;

storing the second input data in the corresponding user record; and

,

after receiving the financial network request for user authorization for the initiated financial transaction and without receiving first input data, in real time, automatically transmitting to at least the first financial network associated with the financial network request for user authorization received, at least one of the financial transaction authorization message and the financial transaction denial message based upon the initiated financial transaction.

17. A method for monitoring, authorizing and rejecting electronic financial transactions associated with a user payment card comprising:

receiving from a remote computing device a plurality of user data for a user and storing the user data in a user record in an attached database, the attached database configured for storing a plurality of user records, wherein the user record includes a predetermined radius and first protocol for automatically transmitting at least one of a financial transaction authorization message and a financial transaction denial message;

determining payment card data associated with the user payment card and storing the payment card data in the corresponding user record;

integrating with at least a first financial network associated with the payment card data such that at least the first financial network sends a financial network request for user authorization for each initiated financial transaction received by at least the first financial network;

receiving, in real time, from at least the first financial network the financial network request for user authorization for each initiated financial transaction from at least the first financial network;

determining, in real time, the user record associated with the financial network request for user authorization received;

displaying, in real time, on the remote computing device of the user a first graphical user interface (GUI) requesting a user approval of the initiated financial transaction associated with the financial network request for user authorization;

receiving, in real time, a plurality of first input data from the user received at the remote computing device, wherein the first input data corresponds to at least one of the financial transaction authorization message and the financial transaction denial message for the initiated financial transaction;

transmitting, in real time, to at least the first financial network associated with the financial network request for user authorization received, at least one of the financial transaction authorization message and the financial transaction denial message for the initiated financial transaction; and

,

after receiving the financial network request for user authorization for the initiated financial transaction and without receiving first input data, in real time, determining if a geographic transaction location for each initiated financial transaction is received outside the predetermined radius and automatically transmitting to at least the first financial network associated with the financial network request for user authorization received, at least one of the financial transaction authorization message and the financial transaction denial message based upon the first protocol.

18. The method of claim 17, wherein the method is further configured to give a predetermined amount of time for providing the first input data on the remote computing device, and wherein if the first input data is not received within the predetermined amount of time the initiated financial transaction is denied.

19. The method of claim 18, wherein the method is further configured such that the first GUI includes a graphical countdown indicating remaining time for providing the first input data after the user approval request message has been transmitted to the remote computing device.

20. The method of claim 17, wherein the method is further configured for:

integrating with at least one credit bureau such that the at least one credit bureau sends a credit bureau request for user authorization for each initiated credit inquiry received by the at least one credit bureau for each of the plurality of users;

receiving, in real time, over the communications network, from at least one credit bureau the credit bureau request for user authorization for each initiated credit inquiry;

determining, in real time, the user record associated with the credit bureau request for user authorization received;

displaying, in real time, on the remote computing device of the user a second GUI requesting the user approval of the initiated credit inquiry associated with the credit inquiry request for user authorization;

receiving, in real time, a plurality of second input data from the remote computing device, wherein the second input data corresponds to at least one of a credit inquiry authorization message and a credit inquiry denial message for the credit inquiry; and

,

transmitting, in real time, to at least one credit bureau associated with the credit bureau request, at least one of the credit inquiry authorization message and the credit inquiry denial message.