METHODS AND SYSTEMS FOR CONTROLLING AND MONITORING TOKEN SPEND
First Claim
1. A mobile device for applying token spend controls, the mobile device comprising:
- a memory component that stores user spend data;
an interactive interface that receives user input and communicates via a communication network; and
a microprocessor, coupled to the memory component and the interactive interface, configured to perform the steps of;
identifying a payment card associated with the mobile device;
generating a unique token based at least in part on a combination of the payment card and the mobile device;
identifying one or more spend limits and controls placed on the payment card that is specific to an authorized user of the payment card;
tracking the payment card usage by the authorized user;
generating and displaying, via the interactive interface, the payment card usage; and
providing a notification when the payment card usage exceeds the one or more spend limits and controls.
1 Assignment
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Accused Products
Abstract
An embodiment of the present invention is directed to applying token spend controls. A mobile device comprises a microprocessor, coupled to a memory component and an interface, configured to perform the steps of: identifying a payment card associated with the mobile device; generating a unique token based at least in part on a combination of the payment card and the mobile device; identifying one or more spend limits and controls placed on the payment card that is specific to an authorized user of the payment card; tracking the payment card usage by the authorized user; generating and displaying, via the interactive user interface, the payment card usage; and providing a notification when the payment card usage exceeds the one or more spend limits and controls.
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Citations
20 Claims
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1. A mobile device for applying token spend controls, the mobile device comprising:
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a memory component that stores user spend data; an interactive interface that receives user input and communicates via a communication network; and a microprocessor, coupled to the memory component and the interactive interface, configured to perform the steps of; identifying a payment card associated with the mobile device; generating a unique token based at least in part on a combination of the payment card and the mobile device; identifying one or more spend limits and controls placed on the payment card that is specific to an authorized user of the payment card; tracking the payment card usage by the authorized user; generating and displaying, via the interactive interface, the payment card usage; and providing a notification when the payment card usage exceeds the one or more spend limits and controls. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method for applying token spend controls, the method comprising the steps of:
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identifying, via a microprocessor, a payment card and a user device that is associated with the payment card; generating a unique token based at least in part on the payment card and the user device; identifying one or more spend limits and controls placed on the payment card that is specific to an authorized user of the payment card; tracking the payment card usage by the authorized user; generating and displaying, via an interactive user interface, the payment card usage; and providing a notification when the payment card usage exceeds the one or more spend limits and controls. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification