×

Credit card system and method

  • US 9,898,730 B2
  • Filed: 04/29/2014
  • Issued: 02/20/2018
  • Est. Priority Date: 03/25/1998
  • Status: Expired due to Term
First Claim
Patent Images

1. A method of processing financial transactions using limited use transaction card numbers, the method comprising the steps of:

  • communicating, by a central processing system, via a communication network, with an electronic device of a customer, to receive user-defined limitations on use for association with a limited use transaction card number, wherein said central processing system (i) is configured to communicate with any number of customer electronic devices and (ii) is positioned in a communication path between any number of merchants and issuers to communicate therewith;

    receiving, by the central processing system, from a point-of-sale (POS) device of a merchant, an authorization request for a financial transaction, said authorization request including said limited use transaction card number, which is associated with a master account number of the customer, wherein the user-defined limitations on use are different from limitations on the master account number;

    remapping, by the central processing system, the limited use transaction card number with the master account number;

    determining, by the central processing system, whether at least one use-triggered condition, which occurs subsequent to assignment of the limited use transaction card number has been satisfied; and

    when the determination indicates that the at least one use-triggered condition has been satisfied, transmitting, by the central processing system, a message to an issuer of the master account number.

View all claims
  • 0 Assignments
Timeline View
Assignment View
    ×
    ×