Method and apparatus for consumer driven protection for payment card transactions
First Claim
1. A method of using an active account to conduct a transaction between a merchant and an account holder, the account being associated with account information, the account information including at least one criterion for pre-authorizing a transaction, the at least one criterion being provided by the account holder, the method comprising the steps of:
- one or more servers receiving a transaction approval request from a merchant terminal, the transaction approval request including information relating to the commercial transaction;
the one or more server performing a comparison of the submitted information relating to the commercial transaction to the account information, the result of the comparison including a determination of whether the at least one criterion for pre-authorizing the transaction is satisfied; and
,when a determination is made that the at least one criterion for pre-authorizing the transaction is not satisfied, the one or more server sending a communication to the merchant terminal refusing the transaction associated with the at least one non-satisfied pre-authorization criterion, wherein, after refusal, the account remains active to an additional transaction approval request, wherein, in the case of refusal, the one or more server preventing (i) further communication from the one or more server to the account holder for verification of the denied transaction approval request and (ii) the further storage of the denied transaction approval request on the one or more server; and
when a determination is made that the at least one criterion for pre-authorizing the transaction is satisfied, the one or more server approving the transaction approval request without verification by the account holder.
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Accused Products
Abstract
Method and apparatus for facilitating a commercial transaction between an account holder and a merchant. The account holder has an account that is associated with respective account information. The account information includes at least one criterion for pre-authorizing a transaction. When the consumer initiates a purchase transaction, a transaction approval request is generated which includes information relating to the commercial transaction. A purchase approval entity compares the received transaction approval request to the account information to determine whether the at least one criterion for pre-authorizing the transaction is satisfied. The transaction approval request is denied when a determination is made that the at least one criterion for pre-authorizing the transaction is not satisfied.
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Citations
20 Claims
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1. A method of using an active account to conduct a transaction between a merchant and an account holder, the account being associated with account information, the account information including at least one criterion for pre-authorizing a transaction, the at least one criterion being provided by the account holder, the method comprising the steps of:
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one or more servers receiving a transaction approval request from a merchant terminal, the transaction approval request including information relating to the commercial transaction; the one or more server performing a comparison of the submitted information relating to the commercial transaction to the account information, the result of the comparison including a determination of whether the at least one criterion for pre-authorizing the transaction is satisfied; and
,when a determination is made that the at least one criterion for pre-authorizing the transaction is not satisfied, the one or more server sending a communication to the merchant terminal refusing the transaction associated with the at least one non-satisfied pre-authorization criterion, wherein, after refusal, the account remains active to an additional transaction approval request, wherein, in the case of refusal, the one or more server preventing (i) further communication from the one or more server to the account holder for verification of the denied transaction approval request and (ii) the further storage of the denied transaction approval request on the one or more server; and when a determination is made that the at least one criterion for pre-authorizing the transaction is satisfied, the one or more server approving the transaction approval request without verification by the account holder. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system for facilitating a first commercial transaction between a merchant and an account holder, the merchant having access to a merchant terminal, the account holder having an active account and access to an account terminal, the account being associated with account information, the account information including at least one criterion for pre-authorizing a transaction, the at least one criterion being provided by the account holder, the system comprising:
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one or more servers configured to receive from a merchant terminal a transaction approval request, the transaction approval request including information relating to the first commercial transaction, the one or more servers being also configured to send to the merchant terminal an approval or a denial of the transaction approval request; and the one or more servers being further configured to compare the received information relating to the first commercial transaction to the account information to determine whether the at least one criterion for pre-authorization is satisfied; wherein the one or more servers is further configured to deny the transaction approval request without deactivating the account when a determination is made that the at least one criterion for pre-authorizing the transaction is not satisfied, wherein, in the case of denial, the one or more server preventing (i) further communication from the one or more server to the account holder for verification of the denied transaction approval request and (ii) the further storage of the denied transaction approval request on the one or more server; and wherein the one or more servers is further configured to pre-authorize the transaction approval request when a determination is made that the at least one criterion for pre-authorizing the transaction is satisfied. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification