Transaction security apparatus and method
DCFirst Claim
1. A transaction security apparatus, which comprises:
- a receiver for receiving one of a limitation and a restriction on an account usage, wherein said one of a limitation and a restriction on an account usage are received in real-time from an individual account holder;
a memory device for storing said one of a limitation and a restriction on an account usage; and
a central processing device for processing an authorization request for a transaction on an account in conjunction with said one of a limitation and a restriction on an account usage,wherein said central processing device generates a first signal, wherein said first signal contains information for one of authorizing and disallowing the transaction.
1 Assignment
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Accused Products
Abstract
A transaction security apparatus which comprises a receiver for receiving one of a limitation and a restriction on an account usage, wherein the one of a limitation and a restriction on an account usage are received in real-time from an individual account holder, a memory for storing the one of a limitation and a restriction on an account usage, and a central processing device for processing an authorization request for a transaction on an account in conjunction with the one of a limitation and a restriction on an account usage. The central processing device generates a first signal, wherein the first signal contains information for one of authorizing and disallowing the transaction. A method for transaction security which comprises receiving one of a limitation and a restriction on an account usage, wherein the one of a limitation and a restriction on an account usage are received in real-time from an individual account holder, storing the one of a limitation and a restriction on an account usage, processing an authorization request for a transaction on an account in conjunction with the one of a limitation and a restriction on an account usage, and determining whether the transaction is one of authorized and unauthorized.
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Citations
20 Claims
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1. A transaction security apparatus, which comprises:
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a receiver for receiving one of a limitation and a restriction on an account usage, wherein said one of a limitation and a restriction on an account usage are received in real-time from an individual account holder; a memory device for storing said one of a limitation and a restriction on an account usage; and a central processing device for processing an authorization request for a transaction on an account in conjunction with said one of a limitation and a restriction on an account usage, wherein said central processing device generates a first signal, wherein said first signal contains information for one of authorizing and disallowing the transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A transaction security apparatus, which comprises:
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means for receiving one of a limitation and a restriction on an account usage, wherein said one of a limitation and a restriction on an account usage are received in real-time from an individual account holder; means for storing said one of a limitation and a restriction on an account usage; and means for processing an authorization request for a transaction on an account in conjunction with said one of a limitation and a restriction on an account usage, wherein said processing means generates a first signal, wherein said first signal contains information for one of authorizing and disallowing the transaction. - View Dependent Claims (15, 16)
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17. A method for transaction security, which comprises:
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receiving one of a limitation and a restriction on an account usage, wherein said one of a limitation and a restriction on an account usage are received in real-time from an individual account holder; storing said one of a limitation and a restriction on an account usage; processing an authorization request for a transaction on an account in conjunction with said one of a limitation and a restriction on an account usage; and determining whether the transaction is one of authorized and unauthorized. - View Dependent Claims (18, 19, 20)
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Specification