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System and method for pre-authorization of individual account transactions

  • US 5,991,750 A
  • Filed: 10/24/1997
  • Issued: 11/23/1999
  • Est. Priority Date: 10/24/1997
  • Status: Expired due to Term
First Claim
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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:

  • (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.

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