Limited use PIN system and method
First Claim
1. A method for facilitating a transaction, comprising:
- identifying a primary account having an associated account number;
receiving from at least one of;
an RFID transponder and a smartcard a limited use Personal Identification Number (PIN) that is configured to facilitate a transaction;
associating the limited use PIN with the primary account;
associating the limited use PIN with a notification response, wherein the notification response is associated with a notification response rule relating to who to notify if the limited use PIN is used;
associating the limited use PIN with an emergency response, wherein the emergency response is associated with an emergency response rule relating to an emergency entity to notify if the limited use PIN is used;
issuing the limited use PIN to a first party to facilitate a transaction with a second party, wherein the limited use PIN is configured to be immediately usable for facilitating the transaction with the second party;
receiving transaction information from the second party for authorization, wherein the transaction information includes the limited use PIN;
forwarding the transaction information to a card authorization system for authorization processing;
processing the transaction information with the card authorization system, wherein the card authorization system determines whether the transaction information includes the limited use PIN and interfaces with a limited use PIN system to determine whether authorization is appropriate, wherein authorization determination includes;
receiving account information associated with the account number; and
determining whether conditions-of-use parameters associated with the limited use PIN are satisfied, the conditions-of-use parameters defining at least a predetermined restriction on use of the limited use PIN;
acquiring, from a database, the notification response rule corresponding to the limited use PIN;
issuing said the notification response in accordance with said notification response rule;
acquiring, from the database, the emergency response rule corresponding to the limited use PIN;
issuing the emergency response in accordance with the emergency response rule;
returning an appropriate approval code to the second party, if conditions of use parameters associated with the limited use PIN and the primary account are satisfied; and
declining the authorization request if either the conditions associated with one of the primary account and the limited use PIN are not satisfied.
3 Assignments
0 Petitions
Accused Products
Abstract
The present invention facilitates transactions by providing a limited use PIN that is associated with a primary account and/or PIN number, wherein the limited use PIN is presented to the merchant to initiate a transaction. More particularly, the system involves the process of registering a user (if not already pre-registered) to participate in a transaction system; generating a limited use PIN and issuing this number to the user, where the user presents this number to a merchant to complete a sales transaction; the merchant processing this limited use PIN, where the number is typically presented to the credit issuer to facilitate authorization. Additionally, the limited use PIN may also carry with it certain limitations-on-use conditions, where the transaction is not authorized unless these conditions are met. In generating a limited use PIN, the issuer generates a random number and associates this number with the user'"'"'s primary charge account.
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Citations
21 Claims
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1. A method for facilitating a transaction, comprising:
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identifying a primary account having an associated account number; receiving from at least one of;
an RFID transponder and a smartcard a limited use Personal Identification Number (PIN) that is configured to facilitate a transaction;associating the limited use PIN with the primary account; associating the limited use PIN with a notification response, wherein the notification response is associated with a notification response rule relating to who to notify if the limited use PIN is used; associating the limited use PIN with an emergency response, wherein the emergency response is associated with an emergency response rule relating to an emergency entity to notify if the limited use PIN is used; issuing the limited use PIN to a first party to facilitate a transaction with a second party, wherein the limited use PIN is configured to be immediately usable for facilitating the transaction with the second party; receiving transaction information from the second party for authorization, wherein the transaction information includes the limited use PIN; forwarding the transaction information to a card authorization system for authorization processing; processing the transaction information with the card authorization system, wherein the card authorization system determines whether the transaction information includes the limited use PIN and interfaces with a limited use PIN system to determine whether authorization is appropriate, wherein authorization determination includes; receiving account information associated with the account number; and determining whether conditions-of-use parameters associated with the limited use PIN are satisfied, the conditions-of-use parameters defining at least a predetermined restriction on use of the limited use PIN; acquiring, from a database, the notification response rule corresponding to the limited use PIN; issuing said the notification response in accordance with said notification response rule; acquiring, from the database, the emergency response rule corresponding to the limited use PIN; issuing the emergency response in accordance with the emergency response rule; returning an appropriate approval code to the second party, if conditions of use parameters associated with the limited use PIN and the primary account are satisfied; and declining the authorization request if either the conditions associated with one of the primary account and the limited use PIN are not satisfied. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method for facilitating a transaction comprising the steps of
registering with a card provider to use a transaction system; -
logging-in to the card provider'"'"'s transaction system by providing authenticating information, and causing said card provider to verify that a first party is a registered and authorized user; designating a transaction account as a primary account, wherein said primary account is a non-currency based account and is associated with an account number; causing at least one of;
an RFID transponder and a smartcard to generate a limited use PIN;causing said limited use PIN to be sent to said card provider, wherein said card provider associates said limited use PIN with said designated primary account; selecting conditions of use parameters to be associated with the limited use PIN; associating said limited use PIN with a notification response, wherein said notification response is associated with a notification response rule relating to who to notify if said limited use PIN is used; associating said limited use PIN with an emergency response, wherein said emergency response is associated with an emergency response rule relating to an emergency entity to notify if said limited use PIN is used; receiving the limited use PIN from the card provider; providing the account number and limited use PIN to a second party to facilitate a transaction. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21)
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Specification