Authorization matching system

• US 5,384,449 A
• Filed: 04/28/1992
• Issued: 01/24/1995
• Est. Priority Date: 04/28/1992
• Status: Expired due to Term

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Peirce, Roger L.
• Primary Examiner(s): Cross, F. Rollins
• Assistant Examiner(s): SOLIS, ERICK R
• Application Number:
  US07/876,727
• Time in Patent Office: 1,001 Days
• Field of Search: 235/380
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

Abstract

An authorization matching system for a credit card transaction system assigns the same identification code to authorization and transaction records associated with a particular transaction. The records may be matched by matching the identification number in the records, even if other data in the records does not match.

Claims

1. A transaction card payment and authorization matching system, comprising:

a transaction card issued to a cardholder as a means for transferring value from a cardholder to a merchant, said transaction card carrying cardholder data;

an issuer who issues transaction cards;

an acquirer in communication with the issuer via a data control center;

remote terminal means located at a point of a transaction and in communication with the acquirer, said remote terminal including means for reading the data carried on said card and means for entering data including the amount of the transaction, and said remote terminal means including means for forwarding said transaction amount via the acquirer to the data control center for authorization;

said data control center including means for assigning an identification code representative of said transaction to the transaction and forwarding said identification code to the issuer and the acquirer for inclusion in records of the transaction; and

means for comparing the identification code representative of said transaction in said records to verify that said records represent the transaction.

2. The system of claim 1 further including means for forwarding the identification code to said remote terminal means.

3. The system of claim 2 wherein said remote terminal means further includes means for storing said identification code together with other data concerning said transaction and means for forwarding said other transaction data together with said identification code to the acquirer.

4. A transaction card payment and authorization matching system, comprising:

primary processor means including file means including cardholder information, supplied by a transaction card issuer, for evaluating a transaction;

a transaction card carrying data identifying the cardholder, said card further including nonmonetary data representative of risk assessment information associated with the cardholder;

remote terminal means located at the point of the transaction and connected to said primary processor means via an acquirer and a data control center, said remote terminal means having monetary data stored therein, said remote terminal means having means for reading the nonmonetary data carried on said card and means for entering data including the amount of the transaction, said terminal means further including remote processor means for deriving a transaction amount limit based on the risk information carried on said card and the monetary data stored in said terminal means, and said remote terminal including means forwarding said transaction amount to the data control center via the acquirer for evaluation if the transaction exceeds said transaction amount limit;

said data control center including means for authorizing the transaction, means for assigning a unique identification code to the transaction and means for forwarding said unique identification code to the primary processor and the acquirer; and

whereby communications between the primary processor and the acquirer concerning the transaction and the authorization of the transaction may be matched solely by means of said unique identification code.

5. The system of claim 4 wherein said communications include a first authorization record of the transaction formed by the acquirer and a first transaction record of the completed transaction formed by the acquirer, said first transaction record and said first authorization record including the unique identification code.

6. The system of claim 5 wherein said primary processor means includes means for storing said first authorization record of the transaction.

7. The system of claim 6 wherein the acquirer has means for storing a second authorization record of the transaction including the unique identification code.

8. The system of claim 7 further including means for forwarding the unique identification code to said remote terminal means.

9. The system of claim 8 wherein said remote terminal means further includes means for storing said unique identification code together with other data concerning said transaction, and means for forwarding a second transaction record including said other transaction data together with said unique identification code to the acquirer, whereby the acquirer may match said second transaction record with said second authorization record by means of the unique identification code,

10. In a transaction card payment system including a transaction card carrying data identifying the cardholder and data representative of risk assessment information associated with the cardholder, a terminal located at the point of the transaction having data entry capability and means for reading data carried on said transaction card, a primary processor maintained by an issuer of the transaction cards for evaluating transactions, and a data control center connected between said remote terminal means and said primary processor, a method for matching a transaction authorization record supplied by the issuer with a record of the completed transaction supplied by an acquirer, the method comprising:

entering the cardholder identification and risk assessment data into the terminal;

entering the amount of the transaction into the terminal;

forwarding the cardholder identification data and transaction amount via an acquirer to the data control center;

assigning a unique identification code to the transaction;

forwarding the transaction amount and the unique identification code from the data control center to the primary processor and creating a first authorization record including the unique identification code;

forwarding the unique identification code from the data control center to the acquirer and creating a first transaction record including the unique identification code; and

matching said first transaction record and first said authorization record by means of the unique identification code.

11. The method of claim 10 further including:

forming a second authorization record including the identification code;

forwarding the unique identification code to said terminal;

forming a second transaction record including the identification code at said terminal;

forwarding said second transaction record from said terminal to the acquirer; and

matching said second transaction record with said second authorization record by means of the identification code.