SYSTEM AND METHOD FOR PROVIDING A FINANCIAL TRANSACTION INSTRUMENT WITH USER-DEFINABLE AUTHORIZATION CRITERIA
First Claim
1. A method comprising:
- receiving, by a computing device for granting an authorization, a request for the authorization of a transaction involving a transaction account; and
determining, by the computing device, whether to grant the request for authorization based on an unpaid balance of the transaction account, a price of the purchase associated with the request for authorization, a credit limit on the transaction account, an item identification number, a forbidden item category, an item category, and an authorization limit stored in the database and corresponding to the transaction account.
3 Assignments
0 Petitions
Accused Products
Abstract
Authorization limits on the use of a financial transaction instrument, such as a credit card and the like, may be set by an owner of a financial account corresponding to the financial transaction instrument. The owner provides information identifying the owner, the financial account, and the financial transaction instrument corresponding to the financial account to a computer, and also provides an owner-defined authorization limit on use of the financial transaction instrument to the computer. The authorization limit is stored in a database, which is accessed when there is a request to authorize a purchase to be made with the financial transaction instrument. The owner may communicate with the computer via a Web site, an automated call program, a kiosk, or the like.
11 Citations
20 Claims
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1. A method comprising:
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receiving, by a computing device for granting an authorization, a request for the authorization of a transaction involving a transaction account; and determining, by the computing device, whether to grant the request for authorization based on an unpaid balance of the transaction account, a price of the purchase associated with the request for authorization, a credit limit on the transaction account, an item identification number, a forbidden item category, an item category, and an authorization limit stored in the database and corresponding to the transaction account. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. An article of manufacture including a non-transitory, tangible computer readable storage medium having instructions stored thereon that, in response to execution by a computer-based system for granting an authorization, cause the computer-based system to be capable of performing operations comprising:
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receiving, by the computer-based system, a request for the authorization of a transaction involving a transaction account; and determining, by the computer-based system, whether to grant the request for authorization based on an unpaid balance of the transaction account, a price of the purchase associated with the request for authorization, a credit limit on the transaction account, an item identification number, a forbidden item category, an item category, and an authorization limit stored in the database and corresponding to the transaction account. - View Dependent Claims (9, 10, 11, 12, 13)
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14. A system comprising:
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a processor for granting an authorization, a tangible, non-transitory memory configured to communicate with the processor, the tangible, non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause the processor to be capable of performing operations comprising; receiving, by the processor, a request for the authorization of a transaction involving a transaction account; and determining, by the processor, whether to grant the request for authorization based on an unpaid balance of the transaction account, a price of the purchase associated with the request for authorization, a credit limit on the transaction account, an item identification number, a forbidden item category, an item category, and an authorization limit stored in the database and corresponding to the transaction account. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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Specification