System for personal authorization control for card transactions
First Claim
1. A credit card transaction system, wherein a cardholder or their agent is authorized to effect transactions in the credit card transaction system and bind the cardholder, the system comprising:
- a transaction network coupled to merchant terminals for receiving requests for authorization from merchants who are independent of an operator of the transaction network;
an authorization server for processing the requests for authorization according to criteria set by at least one of an issuer financial institution that issued a card to the cardholder and is independent from the network operator; and
an authorization subprocessor configured to override an authorization of the authorization server based on contents of a parameter table associated with the cardholder, wherein the parameters used to override authorizations are provided by the cardholder.
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Accused Products
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.
239 Citations
2 Claims
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1. A credit card transaction system, wherein a cardholder or their agent is authorized to effect transactions in the credit card transaction system and bind the cardholder, the system comprising:
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a transaction network coupled to merchant terminals for receiving requests for authorization from merchants who are independent of an operator of the transaction network;
an authorization server for processing the requests for authorization according to criteria set by at least one of an issuer financial institution that issued a card to the cardholder and is independent from the network operator; and
an authorization subprocessor configured to override an authorization of the authorization server based on contents of a parameter table associated with the cardholder, wherein the parameters used to override authorizations are provided by the cardholder. - View Dependent Claims (2)
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Specification