System and method for pre-authorization of individual account transactions
First Claim
1. A computerized account authorization method wherein a portion of account transactions require both individual pre-authorization and conformance with account transaction limitations, said method comprising the steps of:
- (a) establishing an account between an account manager and an account issuer, said account having an imposed pre-authorization transaction type for denoting said portion of account transactions that require said individual pre-authorization;
(b) said account manager pre-authorizing said account upon a match of each of at least one specified transaction parameter of said imposed pre-authorization transaction type to authorize a requested transaction; and
(c) authorizing said requested transaction when in conformity with both said at least one specified transaction parameter and said account transaction limitations.
7 Assignments
0 Petitions
Accused Products
Abstract
An account processing method and system for providing specific pre-authorization parameters for categories of transactions that would otherwise be completely denied authorization using only general authorization parameters. Upon establishment of an account, certain categories of transactions are specified as needing specific authorization prior to approving the transaction as requested by a merchant. An account issuer provides a service to account members that permits an account manager to independently specify the parametric conditions under which to approve a transaction within such categories. The account manager may also specify a transaction identifier such as a purchase order, work order or insurance claim number to associate with the required transaction parameters. Upon the approval of such a transaction requiring specific authorization, the authorizing agent during the billing process forwards both the transaction-specific information such as transaction amount and merchant information with the transaction identifier as previously assigned by the account manager. Such an association of a transaction identifier facilitates accounting reconciliation of transactions funded through credit card-like payment transactions.
691 Citations
40 Claims
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1. A computerized account authorization method wherein a portion of account transactions require both individual pre-authorization and conformance with account transaction limitations, said method comprising the steps of:
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(a) establishing an account between an account manager and an account issuer, said account having an imposed pre-authorization transaction type for denoting said portion of account transactions that require said individual pre-authorization; (b) said account manager pre-authorizing said account upon a match of each of at least one specified transaction parameter of said imposed pre-authorization transaction type to authorize a requested transaction; and (c) authorizing said requested transaction when in conformity with both said at least one specified transaction parameter and said account transaction limitations. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. In a computerized account authorization system wherein a portion of account transactions require individual pre-authorization, a method for authorizing said portion of account transactions requiring individual pre-authorization comprising the steps of:
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(a) receiving an authorization table of an account established between an account manager and an account issuer, said authorization table capable of having an imposed pre-authorization transaction type to denote said portion of account transactions that require said individual pre-authorization; (b) receiving in a pre-authorization table within said authorization table at least one specified transaction parameter of said imposed pre-authorization transaction type whereupon a match of each of said at least one specified transaction parameter of said imposed pre-authorization transaction type to authorize a requested transaction; and (c) authorizing said requested transaction when in conformity with both each of said at least one specified transaction parameter of said imposed pre-authorization transaction type and account transaction limitations placed upon a transaction. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20)
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21. A computerized account authorization system wherein a portion of account transactions require individual pre-authorization, said system comprising:
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(a) an account between an account manager and an account issuer, said account having associated therewith an authorization table to designate an imposed pre-authorization transaction type to denote said portion of account transactions that require said individual pre-authorization such that when said account transactions conform with imposed pre-authorization transaction type a pre-authorized table is consulted; (b) said pre-authorization table comprising at least one specified transaction parameter as required to authorize a specified requested transaction of said imposed pre-authorization transaction type; and (c) means for authorizing said requested transaction when in conformity with said at least one specified transaction parameter. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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33. In an account authorization system wherein a portion of account transactions require both individual pre-authorization and conformance with account transaction limitations, a computer-readable medium having computer-executable instructions for authorizing said portion of account transactions requiring individual pre-authorization for performing the steps of:
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(a) receiving an authorization table of an account established between an account manager and an account issuer, said authorization table capable of having an imposed pre-authorization transaction type to denote said portion of account transactions that require said individual pre-authorization; (b) receiving in a pre-authorization table within said authorization table at least one specified transaction parameter of said imposed pre-authorization transaction type whereupon a match of each of said at least one specified transaction parameter of said imposed pre-authorization transaction type to authorize a requested transaction; and (c) authorizing said requested transaction when in conformity with each of said at least one specified transaction parameter. - View Dependent Claims (34, 35, 36, 37, 38, 39, 40)
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Specification