Method And System For Controlling The Functionality Of A Transaction Device

• US 20090172678A1
• Filed: 12/24/2008
• Published: 07/02/2009
• Est. Priority Date: 12/28/2007
• Status: Abandoned Application

• Current Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Original Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Inventors: Antunovic, Alexander, English, Sahra S., Maitland, Jill E., Kramer, Julie M., Blythe, Simon, Roberts, David A., Rans, Jean-Paul, Branca, Frederick F. JR.
• Application Number:
  US12/343,601
• Publication Number:
  US 20090172678A1
• Time in Patent Office: Days
• US Class Current: 718/101
• CPC Class Codes: G06Q 20/08 Payment architectures
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G06Q 20/347 Passive cards
• CPC Class Codes: G06Q 20/352 Contactless payments by cards
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G07F 7/10 together with a coded signal , e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data

Abstract

A method and system of controlling the functionality of a transaction device, the method includes providing a computing device for accessing an account corresponding to the transaction device. The computing device generates a list of a plurality of transaction functions associated with the transaction device. The method includes providing an option to disable and enable one or more of the transaction functions in response to a user input. In response to the user input disabling one of the transaction functions, an instruction is generated preventing the transaction device from being used for the disabled transaction function.

Claims

1. A method of controlling the functionality of a transaction device comprising:

providing a computing device for accessing an account corresponding to the transaction device;

the computing device generating a list of a plurality of transaction functions associated with the transaction device and;

providing a option to disable and enable one or more of the transaction functions in response to a user input; and

in response to the user input disabling one of the transaction functions, generating an instruction preventing the transaction device from being used for the disabled transaction function.

2. The method of claim 1, further including the computing device being in operative communication with a commercial transaction processing network.

3. The method of claim 1, further including providing remote access to the account information.

4. The method of claim 1, wherein the plurality of transaction functions is at least one of a debit, a credit, a prepaid, cash, and a loyalty function.

5. The method of claim 1, further including accessing the account corresponding to the transaction device and re-enabling the previously disabled transaction function.

6. The method of claim 1, wherein the computing device is accessible to a user via a telephonic device.

7. The method of claim 1, wherein the computing device is accessible to a user via a remote computer.

8. The method of claim 1, wherein the option to disable or enable includes partially limiting operability of the transaction function.

9. A method of performing a commercial transaction comprising:

receiving a transaction instruction generated by a transaction terminal;

comparing the transaction instruction to a customer modifiable list of transaction functions; and

providing a transaction authorization response based on the comparison.

10. The method of claim 9 further comprising interrogating a transaction device and reading in account information.

11. The method of claim 9 further comprising selecting a transaction function.

12. The method of claim 11 wherein providing a transaction authorization response includes generating a response denying authorization when the transaction function is disabled.

13. The method of claim 12 further comprising disabling all transaction functions when the transaction function selected is disabled.

14. The method of claim 11 wherein providing a transaction authorization response includes generating a response granting authorization when the transaction function is enabled.

15. A commercial transaction system comprising:

a transaction device for initiating a commercial transaction;

a terminal for processing an instruction responsive to the transaction device, the instruction including a transaction function request;

a transaction authorizer in operative communication with the terminal, the transaction authorizer including a database corresponding to the transaction device, the database having a plurality of transaction functions adapted to be selectively enabled and disabled by a user, the transaction authorizer including a comparator for comparing the transaction function request to the plurality of transaction functions, and the transaction authorizer generating a transaction response responsive to the comparison.

16. The system of in claim 15, wherein the transaction device includes an active portion in selective operable communication with the terminal, the active portion including account identification information.

17. The system of in claim 15, wherein the transaction response is configured to authorize the transaction when the comparison determines that the transaction function is enabled.

18. The system of in claim 15, wherein the transaction response is configured to not authorize a transaction when the comparison determines that the transaction function is disabled.

19. The system of in claim 15, further including a transaction processing network operably connected to the terminal and a transaction authorizer, the network adapted to transmit the instruction to the transaction authorizer.

20. The system of in claim 15, further including a user access device for permitting the transaction functions to be selectively enabled and disabled.