System for personal authorization control for card transactions

• US 7,389,275 B2
• Filed: 03/05/2002
• Issued: 06/17/2008
• Est. Priority Date: 03/05/2002
• Status: Active Grant

• Current Assignee: Visa USA, Inc. (Visa, Inc.)
• Original Assignee: Visa USA, Inc. (Visa, Inc.)
• Inventors: Vij, Akshey “Shawn”, Kemper, Lynn, O'Connell, Robin
• Primary Examiner(s): Trammell; James P.
• Assistant Examiner(s): Badii; Behrang
• Application Number:
  US10/093,002
• Publication Number:
  US 20030172040A1
• Time in Patent Office: 2,296 Days
• Field of Search: 705/26, 705/64, 705/40, 370/352, 235/439, 713/186
• US Class Current: 705/64
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/202 Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• 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 system allows for cardholder-provided parameters to a personal authorization subsystem. The parameters can be selected by the cardholder to limit the authorizations that would otherwise be granted on the card. The parameters can indicate limits by frequency, dollar amount, merchant, geographic location, time of day, combinations thereof, or the like. Authorization for a given transaction, even where authorized by an issuer and a network operator, might be denied based on self-constraints set by the cardholder. In some variations, messages are sent to the cardholder based on constraints set by the cardholder and transactions might be approved and messaged, or denied and messaged.

Claims

1. A system for authorizing use of a card for financial transactions, the card being associated with a cardholder and issued by a financial institution, the system comprising:

a transaction network coupled to a plurality of merchant devices and operable to receive an authorization request for a financial transaction conducted by any one of the cardholder and an authorized agent of the cardholder from any of the plurality of merchant devices, the authorization request including details of the financial transaction;

a first authorization processing device in communication with the transaction network and operable to analyze the authorization request using financial institution authorization criteria determined by the financial institution in order to make a first authorization determination for the authorization request; and

a second authorization processing device in communication with the first authorization processing device and operable to authorize the financial transaction after analyzing the authorization request, and the first authorization determination, and after determining that at least one cardholder-defined and cardholder-modifiable criterion is met, wherein the at least one cardholder-defined and cardholder-modifiable criterion is determined by the cardholder before the financial transaction is conducted, and wherein the at least one cardholder-defined and cardholder-modifiable criterion includes at least one of

(i) a transaction type allowed by the cardholder,

(ii) a maximum transaction amount allowed by the cardholder,

(iii) a transaction frequency allowed by the cardholder,

(iv) a time period in which the cardholder allows the financial transaction to be conducted,

(v) a geographic location where the cardholder allows the financial transaction to be conducted,

(vi) a particular merchant allowed by the cardholder to conduct the financial transaction, and

(vii) a particular merchant type allowed by the cardholder to conduct the financial transaction,

wherein the system is further configured to present at least three of the cardholder-modifiable criteria (i)-(vii) to the cardholder and the cardholder is able to modify zero, one, any combination, or all of the presented cardholder-modifiable criteria.

2. The system of claim 1, further comprising an interface configured to allow the cardholder to select the at least one cardholder-defined and cardholder-selectable criterion.

3. The system of claim 1, further comprising a database for storing the at least one cardholder-defined and cardholder-modifiable criterion, the database being in communication with at least the second authorization processing device.

4. The system of claim 1, wherein the financial transaction is chargeable to an account.

5. The system of claim 4, wherein the account is a credit account or a debit account.

6. The system of claim 1, wherein the plurality of merchant devices includes at least one point-of-sale device.

7. The system of claim 1, wherein the second authorization processing device is further configured to provide notification to one of the plurality of merchant devices upon processing the financial transaction.

8. The system of claim 1, wherein the second authorization processing device is further configured to provide notification to the cardholder upon processing the financial transaction.

9. The system of claim 1, further comprising a Web site configured to allow the cardholder to select the at least one cardholder-defined and cardholder-selectable criterion.

10. The system of claim 1 wherein the system is further configured to present at least four of the cardholder-modifiable criteria (i)-(vii) to the cardholder and the cardholder is able to modify zero, one, any combination, or all of the presented cardholder-modifiable criteria.

11. The system of claim 1 wherein the system is further configured to present all of the cardholder-modifiable criteria (i)-(vii) to the cardholder and the cardholder is able to modify zero, one, any combination, or all of the presented cardholder-modifiable criteria.