Transaction security apparatus and method

CAFC
  • US 5,903,830 A
  • Filed: 06/12/1997
  • Issued: 05/11/1999
  • Est. Priority Date: 08/08/1996
  • Status: Expired due to Term
First Claim
Patent Images

1. A transaction security apparatus, which comprises:

  • a receiver for receiving one of a limitation and a restriction on an account usage, wherein said one of a limitation and a restriction on an account usage are received in real-time from an individual account holder;

    a memory device for storing said one of a limitation and a restriction on an account usage; and

    a central processing device for processing an authorization request for a transaction on an account in conjunction with said one of a limitation and a restriction on an account usage,wherein said central processing device generates a first signal, wherein said first signal contains information for one of authorizing and disallowing the transaction.

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