Methods and apparatus for facilitating a transaction

• US 7,805,376 B2
• Filed: 03/19/2003
• Issued: 09/28/2010
• Est. Priority Date: 06/14/2002
• Status: Active Grant

• Current Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: American Express Travel Related Services Company, Inc. (American Express Company)
• Inventors: Smith, Michael S.
• Primary Examiner(s): Reagan, James A
• Application Number:
  US10/391,689
• Publication Number:
  US 20030233334A1
• Time in Patent Office: 2,750 Days
• Field of Search: 705/64, 705/65, 705/66, 235/379, 713/159, 902 25- 29
• US Class Current: 705/64
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/367 involving electronic purses or money safes
• CPC Class Codes: G06Q 20/3672 initialising or reloading thereof
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A system, method, apparatus, means, and computer program code for conducting a transaction include identifying information defining a transaction including at least a transaction amount, identifying an account identifier to associate with the transaction, and establishing a pre-authorization record associated with the account identifier, the pre-authorization record including an authorization restriction based on the transaction amount.

Claims

1. A transaction authorization method, comprising:

receiving, by a payment processor computer for authorizing transactions and from a transaction facilitator, a request for a limited use identifier, wherein said request is based upon a transaction between a buyer and a merchant, wherein said transaction facilitator acts as an intermediary between said buyer and said merchant for said transaction;

selecting, by said payment processor computer, a limited use account identifier from a pool of limited use account identifiers associated with said transaction facilitator

associating, by said payment processor computer, said limited use account identifier with said transaction by creating a pre-authorization record associated with said limited use account identifier, said pre-authorization record including a use restriction based on transaction information which defines said transaction and includes a transaction amount and at least one of a merchant identifier, a merchant type, an industry code, a product identifier, a product type, a service identifier or an expiration date;

providing, by said payment processor computer, said limited use account identifier to said transaction facilitator, wherein said transaction facilitator provides said limited use account identifier to said merchant; and

in response to receiving, at said payment processor computer, an authorization request for said transaction, determining whether to approve said authorization request by comparing terms of said pre-authorization record with said authorization request.

2. The method of claim 1, wherein said authorization request is from said merchant and said authorization request contains said limited use account identifier.

3. The method of claim 1, wherein said authorization request is denied if said determining indicates said use restriction is not satisfied.

4. The method of claim 1, wherein said authorization request is approved if said determining indicates said use restriction is satisfied.

5. The method of claim 1, wherein said merchant involved in said transaction is compensated by at least one of an issuer or said transaction facilitator if said authorization request is approved.

6. The method of claim 1, wherein said transaction information further includes a start date, and wherein said associating said pre-authorization record further includes incorporating, into said pre-authorization record, said use restriction based on said start date.

7. A method for conducting a transaction, comprising:

receiving, at a payment processor computer for conducting a transaction, from a transaction facilitator acting as an intermediary between a buyer and a plurality of merchants, transaction information based upon a plurality of transactions between said buyer and said plurality of merchants;

identifying, by said payment processor computer, a request by said buyer to purchase a first item from a first merchant for a first price and a second item from a second merchant for a second price, wherein said first item and said second item comprise at least one of a product or a service;

selecting, by said payment processor computer, a first limited use account identifier from a pool of limited use account identifiers associated with said transaction facilitator, said first limited use account identifier being associated with a pre-authorization record including a first use restriction associated with at least one of said first price, said first item, said first merchant, a merchant identifier, a merchant type, an industry code, a product identifier, a product type, a service identifier or an expiration date;

selecting, by said payment processor computer, a second limited use account identifier from said pool of limited use account identifiers associated with said transaction facilitator, said second limited use account identifier being associated with a pre-authorization record including a second use restriction associated with at least one of said second price, said second item, said second merchant, a merchant identifier, a merchant type, an industry code, a product identifier, a product type, a service identifier or an expiration date;

providing, by said payment processor computer to said transaction facilitator, said first limited use account identifier to facilitate payment for said first product or said first service from said first merchant and said second limited use account identifier to facilitate payment for said second product or said second service from said second merchant, wherein said first merchant is caused to be paid in response to said first limited use account identifier being properly presented for payment as part of an authorization request for said transaction, wherein said authorization request complies with terms of said pre-authorization record, and wherein said first use restriction is satisfied.

8. A transaction authorization apparatus, comprising:

a processor; and

a storage device in communication with said processor and storing instructions adapted to be executed by said processor to;

receive, from a transaction facilitator, a request for a limited use identifier, wherein said request is based upon a transaction between a buyer and a merchant, wherein said transaction facilitator acts as an intermediary between said buyer and said merchant for said transaction;

select a limited use account identifier from a pool of limited use account identifiers associated with said transaction facilitator;

associate a pre-authorization record with said limited use account identifier, said pre-authorization record including a use restriction based on transaction information which defines said transaction and includes a transaction amount and at least one of a merchant identifier, a merchant type, an industry code, a product identifier, a product type, a service identifier or an expiration date;

associate said limited use account identifier with said transaction;

provide said limited use account identifier to said transaction facilitator, wherein said transaction facilitator provides said limited use account identifier to said merchant;

subsequently receive an authorization request for said transaction; and

determine whether to approve said authorization request by comparing terms of said pre-authorization record with said authorization request.

9. A non-transitory tangible computer-readable medium having computer-executable instructions stored thereon that, if executed by a payment processor computer for authorizing a transaction, cause said payment processor computer to perform a method comprising:

receiving, by said payment processor computer and from a transaction facilitator, a request for a limited use identifier, wherein said request is based upon a transaction between a buyer and a merchant, wherein said transaction facilitator acts as an intermediary between said buyer and said merchant for said transaction;

selecting, by said payment processor computer, a limited use account identifier from a pool of limited use account identifiers associated with said transaction facilitator

associating, by said payment processor computer, said limited use account identifier with said transaction by creating a pre-authorization record associated with said limited use account identifier, said pre-authorization record including a use restriction based on transaction information which defines said transaction and includes a transaction amount and at least one of a merchant identifier, a merchant type, an industry code, a product identifier, a product type, a service identifier or an expiration date;

providing, by said payment processor computer, said limited use account identifier to said transaction facilitator, wherein said transaction facilitator provides said limited use account identifier to said merchant; and

in response to receiving, at said payment processor computer, an authorization request for said transaction, determining whether to approve said authorization request by comparing terms of said pre-authorization record with said authorization request.

10. A transaction method comprising:

receiving, by a payment processor computer for managing limited use identifiers and from a transaction facilitator, a request for a limited use identifier, wherein said request is based upon a transaction between a buyer and a merchant, wherein said transaction facilitator acts as an intermediary between said buyer and said merchant for said transaction;

requesting, by said payment processor computer, said limited use account identifier from a primary pool of limited use account identifiers associated with a transaction facilitator; and

,

receiving, at said payment processor computer, said limited use account identifier, wherein said limited use account identifier is associated with said transaction and pre-authorization information, wherein said pre-authorization information further comprises a pre-authorization record which is established based on said transaction information and said pre-authorization record includes a use restriction based on a transaction amount and at least one of a merchant identifier, a merchant type, an industry code, a product identifier, a product type, a service identifier or an expiration date, wherein said limited use account identifier is provided to said merchant.

11. The method of claim 10, wherein said request for a limited use account identifier is fulfilled within a predetermined time period.

12. The method of claim 10, further comprising selecting said limited use account identifier from a backup pool associated with said transaction facilitator in response to said request for said limited use account identifier not being fulfilled within a predetermined time period.

13. The method of claim 10, further comprising selecting said limited use account identifier from a backup pool associated with said transaction facilitator in response to said limited use account identifier not being available from said primary pool.

14. The method of claim 10, wherein said limited use account identifier is not available from said primary pool as a result of all of said limited use account identifiers being in use for other transactions.

15. The method of claim 10, further comprising requesting a refresh of a backup pool.

16. The method of claim 10, further comprising requesting a refresh of a backup pool, wherein said backup pool is refreshed by:

retrieving a replacement limited use account identifier from said primary pool of limited use account identifiers;

indicating that said replacement limited use account identifier is not available for use in said primary pool of limited use account identifiers;

establishing pre-authorization criteria associated with said replacement limited use account identifier; and

,

providing said replacement limited use account identifier to be added to said backup pool.

17. The method of claim 10, further comprising selecting a ghost account and providing said ghost account to said merchant in response to said limited use account identifier not being available from said primary pool and said limited use account identifier not being available from a backup pool.

18. The method of claim 10, further comprising requesting a modification of said pre-authorization record.

19. The method of claim 10, further comprising requesting a modification of said pre-authorization record to change said use restriction.

20. The method of claim 10, further comprising selecting said limited use account identifier from a backup pool associated with said transaction facilitator, and requesting a modification of said pre-authorization record.

21. The method of claim 10, further comprising selecting said limited use account identifier from a backup pool associated with said transaction facilitator, and requesting a modification of said pre-authorization record to change said use restriction.

22. The method of claim 10, wherein said limited use account identifier is associated with said transaction in response to said request.

23. The method of claim 10, further comprising a backup pool which is accessible by at least one of an issuer and said transaction facilitator.

24. The method of claim 10, further comprising a backup pool, wherein said limited use account identifier is designated for said backup pool by an issuer and accessible by said transaction facilitator.

25. A transaction method comprising:

receiving, by a payment processor computer for managing limited use identifiers and from a transaction facilitator, a request for a first limited use identifier and a second limited use identifier, wherein said request is based upon a buyer request associated with said buyer and a plurality of merchants, wherein said transaction facilitator acts as an intermediary between said buyer and said plurality of merchants for said transaction;

requesting, by said payment processor computer, a first limited use account identifier from a pool of limited use account identifiers associated with a transaction facilitator, wherein said first request includes first transaction information which identifies a first merchant and a first item product or first service at a first price associated with a first transaction;

requesting, by said payment processor computer, a second limited use account identifier from said pool of limited use account identifiers associated with said transaction facilitator;

receiving, at said payment processor computer, first pre-authorization information identifying said first limited use account identifier, wherein said first limited use account identifier is associated with said first transaction, said first pre-authorization information further comprising a first pre-authorization record which is established based on said first transaction information, said first pre-authorization record including a use restriction associated with at least one of said first price, said first product, said first service, said first merchant, a merchant identifier, a merchant type, an industry code, a product identifier, a product type, a service identifier or an expiration date, wherein said first pre-authorization information identifying said first limited use account identifier is provided to said first merchant; and

,

receiving, at said payment processor computer, second pre-authorization information identifying said second limited use account identifier, wherein said second limited use account identifier is associated with said second transaction, said second pre-authorization information further comprising a second pre-authorization record which is established based on said second transaction information, said second pre-authorization record including a use restriction associated with at least one of said second price, said second product, said second service, said second merchant, a merchant identifier, a merchant type, an industry code, a product identifier, a product type, a service identifier or an expiration date, wherein said second pre-authorization information identifying said second limited use account identifier is provided to said second merchant.