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Pre-authorization of a transaction using predictive modeling

  • US 9,773,246 B2
  • Filed: 12/10/2012
  • Issued: 09/26/2017
  • Est. Priority Date: 05/04/2009
  • Status: Active Grant
First Claim
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1. A method of using an electronic device storing an authorization for a specific future transaction by a consumer, the method comprising:

  • performing a plurality of previous transactions using the electronic device;

    receiving, by the electronic device from an authorization server via a network, a first electronic message that includes an authorization token for authorization of a specific future transaction, wherein the authorization is for a time when the specific future transaction is predicted to be likely based on the previous transactions, wherein the authorization token is received prior to initiation of the specific future transaction, and wherein the specific future transaction is identifiable by one or more keys that characterize the specific future transaction; and

    providing, with the electronic device, a second electronic message including the authorization token stored on the electronic device to a merchant device at the time when the specific future transaction is predicted to be likely, wherein the time when the specific future transaction is predicted to be likely is a time window, wherein the authorization token conveys the time window within which the authorization token is valid, where the authorization token is valid only within the time window, wherein the authorization token is operable to be used during a process for authorizing a transaction that is initiated using the electronic device and that matches the one or more keys, the authorization token authorizing payment from one or more accounts of the consumer.

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