CONSUMER TRANSACTION LEASH CONTROL APPARATUSES, METHODS AND SYSTEMS

• US 20130024364A1
• Filed: 09/21/2012
• Published: 01/24/2013
• Est. Priority Date: 02/22/2011
• Status: Abandoned Application

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Shrivastava, Abhinav, Katzin, Edward
• Application Number:
  US13/624,859
• Publication Number:
  US 20130024364A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/2295 Parent-child type, e.g. where parent has control on child rights
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes
• CPC Class Codes: G06Q 20/384 using social networks
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 20/407 Cancellation of a transaction
• CPC Class Codes: G06Q 20/42 Confirmation, e.g. check or permission by the legal debtor of payment

Abstract

The Consumer Transaction Leash Control Apparatuses, Methods And Systems (“C-LEASH”) transform touchscreen inputs into a virtual wallet mobile application interface including payment control parameters configuration via C-LEASH components into transaction receipts/alerts. In one implementation, the C-LEASH provides, a transaction payment control processor-implemented method, comprising: obtaining, from a user device, payment control parameters via a user interface; storing the payment control parameters with an account; receiving a transaction payment request including payment account information and purchase information; retrieving the stored payment control parameters based on the payment account information; determining when the purchase information of the transaction payment request violates one or more of the stored payment control parameters; and suspending the transaction payment request and sending an alert message to the user device.

Claims

1. A transaction payment control processor-implemented method, comprising:

obtaining, from a user device, payment control parameters via a user interface;

storing the payment control parameters with an account;

receiving a transaction payment request including payment account information and purchase information;

retrieving the stored payment control parameters based on the payment account information;

determining when the purchase information of the transaction payment request violates one or more of the stored payment control parameters; and

suspending the transaction payment request and sending an alert message to the user device,

the alert message including transaction information and a payment control violation indication.

2. The method of claim 1, wherein the payment control parameters includes a period of time that usage of an account is limited.

3. The method of claim 1, wherein the payment control parameters includes a maximum transaction amount for an account.

4. The method of claim 1, wherein the payment control parameters includes restricted usage to purchase a product category.

5. The method of claim 1, wherein the payment control parameters includes a blacklist of merchants that usage of the cards is limited.

6. The method of claim 1, wherein payment control parameters includes a maximum purchase frequency.

7. The method of claim 1, wherein payment control parameters are automatically configured by associating consumption pattern with a calendar event.

8. The method of claim 1, wherein the purchase information of the transaction payment request includes any of merchant information, purchase item information, and account information.

9. The method of claim 1, further comprising:

receiving a transaction approval indication from the user device; and

forwarding the transaction payment request to a payment processing unit.

10. The method of claim 1, further comprising:

generating suggested payment rule configuration in response to user approval of the transaction payment request.

11. A transaction payment control apparatus, comprising:

a processor; and

a memory disposed in communication with the processor and storing processor-executable instructions to;

obtain, from a user device, payment control parameters via a user interface;

store the payment control parameters with an account;

receive a transaction payment request including payment account information and purchase information;

retrieve the stored payment control parameters based on the payment account information;

determine when the purchase information of the transaction payment request violates one or more of the stored payment control parameters; and

suspend the transaction payment request and sending an alert message to the user device,

the alert message including transaction information and a payment control violation indication.

12. The apparatus of claim 11, wherein the payment control parameters includes a period of time that usage of an account is limited.

13. The apparatus of claim 11, wherein the payment control parameters includes a maximum transaction amount for an account.

14. The apparatus of claim 11, wherein the payment control parameters includes restricted usage to purchase a product category.

15. The apparatus of claim 11, wherein the payment control parameters includes a blacklist of merchants that usage of the cards is limited.

16. The apparatus of claim 11, wherein payment control parameters includes a maximum purchase frequency.

17. The apparatus of claim 11, wherein payment control parameters are automatically configured by associating consumption pattern with a calendar event.

18. The apparatus of claim 11, wherein the purchase information of the transaction payment request includes any of merchant information, purchase item information, and account information.

19. The apparatus of claim 11, wherein the processor further issues instructions to:

receive a transaction approval indication from the user device; and

forward the transaction payment request to a payment processing unit.

20. A transaction payment control system, comprising:

means for obtaining, from a user device, payment control parameters via a user interface;

means for storing the payment control parameters with an account;

means for receiving a transaction payment request including payment account information and purchase information;

means for retrieving the stored payment control parameters based on the payment account information;

means for determining when the purchase information of the transaction payment request violates one or more of the stored payment control parameters; and

means for suspending the transaction payment request and sending an alert message to the user device,

the alert message including transaction information and a payment control violation indication.