System and method for configuring risk tolerance in transaction cards

• US 20130091060A1
• Filed: 06/10/2011
• Published: 04/11/2013
• Est. Priority Date: 06/14/2010
• Status: Active Application

• Current Assignee: Blackhawk Network Incorporated (Albertsons Cos., Inc.)
• Original Assignee: Blackhawk Network Incorporated (Albertsons Cos., Inc.)
• Inventors: Kundu, Arindam
• Application Number:
  US13/704,084
• Publication Number:
  US 20130091060A1
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/354 Card activation or deactivation
• CPC Class Codes: G06Q 20/4016 involving fraud or risk level assessment in transaction processing

Abstract

A method comprising receiving a security profile configurable by a card party, storing the security profile in a database, receiving a transaction request to activate a transaction card, determining whether the transaction request satisfies the security profile'"'"'s one or more requirements.

Claims

1. A method comprising:

receiving a security profile configurable by a card party, wherein the security profile comprises one or more requirements;

storing the security profile in a database;

receiving a request to activate a transaction card;

determining whether the request satisfies the security profile'"'"'s one or more requirements.

2. The method of claim 1, wherein the one or more requirements is selected from the group consisting of:

no attempt has previously been made to transact business utilizing the transaction card;

a time delay between time of activation of the transaction card and time of receiving the request to transact business;

a country code;

a merchant identification number; and

a merchant category code.

3. The method of claim 2 further comprising:

activating the transaction card based on the determination that the request satisfies the one or more requirements; and

transmitting an indication of the activation of the transaction card.

4. The method of claim 2 further comprising:

declining to activate the transaction card based on the determination that the request does not satisfy at least one of the one or more requirements; and

transmitting an indication of the declining to activate the transaction card.

11. The method of claim 1, 5, or 8, wherein the security profile is configurable with requirements for all transaction cards issued by a card issuer.

12. The method of claim 1, 5, or 8, wherein the security profile is configurable with requirements for all transaction cards issued by a card issuer in a specific card program.

13. The method of claim 1, 5, or 8, wherein the security profile is configurable with requirements for each specific transaction card issued by a card issuer.

24. The method of claim 2, wherein the one or more requirements selected is no attempt has previously been made to transact business utilizing the transaction card.

25. The method of claim 2, wherein the one or more requirements selected is the time delay between time of activation of the transaction card and time of receiving the request to transact business.

26. The method of claim 2, wherein the one or more requirements selected is the country code.

27. The method of claim 2, wherein the one or more requirements selected is the merchant identification number.

28. The method of claim 2, wherein the one or more requirements selected is the merchant category code.

5-10. -10. (canceled)

14. A system comprising:

a database; and

a processor configured to;

receive a security profile associated with and configurable by a card party, wherein the security profile comprises one or more requirements;

store the security profile in the database;

receive a request to activate a transaction card;

determine whether the request satisfies the security profile'"'"'s one or more requirements;

activate the transaction card based on the determination that the request satisfies the one or more requirements; and

transmit an indication of the activation of the transaction card.

15. The system of claim 14, wherein the one or more requirements is selected from the group consisting of:

no attempt has previously been made to transact business utilizing the transaction card;

a time delay between time of activation of the transaction card and time of receiving the request to transact business;

a country code;

a merchant identification number; and

a merchant category code.

16. The system of claim 15, wherein the processor is further configured to:

receive a request to transact business utilizing the transaction card;

determine whether the request to transact business satisfies the security profile'"'"'s one or more requirements; and

approve the request to transact business based on the determination that the one or more requirements has been satisfied.

17. The system of claim 15, wherein the processor is further configured to:

receive a request to transact business utilizing the transaction card;

determine whether the request to transact business satisfies the security profile'"'"'s one or more requirements; and

decline the request to transact business based on the determination that at least one of the one or more requirements has not been satisfied.

18. A computer-readable medium encoded with a computer program comprising instructions that when executed cause one or more processors to:

receive a security profile associated with and configurable by a card party, wherein the security profile comprises one or more requirements;

store the security profile in the database;

receive a request to activate a transaction card;

determine whether the request satisfies the security profile'"'"'s one or more requirements;

activate the transaction card based on the determination that the transaction request satisfies the one or more requirements; and

transmit an indication of the activation of the transaction card.

19. The computer-readable medium of claim 18, wherein the one or more requirements is selected from the group consisting of:

no attempt has previously been made to transact business utilizing the transaction card;

a time delay between time of activation of the transaction card and time of receiving the request to transact business;

a country code;

a merchant identification number; and

a merchant category code.

22. The computer-readable medium of claim 19, wherein the instructions that when executed cause the one or more processors further to:

receive a request to transact business utilizing the transaction card;

determine whether the request to transact business satisfies security profile'"'"'s one or more requirements; and

approve the request to transact business based on the determination that the one or more requirements has been satisfied.

23. The computer-readable medium of claim 19, wherein the instructions that when executed cause the one or more processors further to:

receive a request to transact business utilizing the transaction card;

determine whether the request to transact business satisfies security profile'"'"'s one or more requirements; and

decline the request to transact business based on the determination that at least one of the one or more requirements has not been satisfied.

20-21. -21. (canceled)