System and method for enhanced protection and control over the use of identity

CAFC
  • US 9,361,658 B2
  • Filed: 03/18/2014
  • Issued: 06/07/2016
  • Est. Priority Date: 04/27/2005
  • Status: Active Grant
First Claim
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1. A method for a service provider to control use of an entity'"'"'s financial account to facilitate transactions, comprising:

  • setting scope of use, defined by the entity via a network, for the financial account, including at least;

    (a) the financial account to either OFF or ON;

    (b) for a plurality of individual categories, whether each category is authorized or unauthorized for transactions using the financial account, each category representing a different type of transaction partner; and

    (c) a geographical scope reflecting a geographic area in which transactions are authorized;

    receiving, via a network from a source other than the entity, an inquiry regarding a proposed transaction that would use the financial account;

    determining, relative to the scope of use, whether the financial account may or may not be used for the proposed transaction, comprising;

    denying when the financial account is OFF;

    denying when the financial account is ON and the proposed transaction falls within a category that is unauthorized;

    denying when the financial account is ON, the proposed transaction falls within a category that is authorized and when a location of the proposed transaction is outside of the geographical area;

    permitting when (a) the financial account is ON, (b) the proposed transaction falls within a category that is authorized, (c) a location of the proposed transaction is inside the geographical area, and (d) the proposed transaction is not otherwise impermissible; and

    responding to the inquiry by providing, via a network to the source, first information based on the result of the determining.

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