Back to results
US 11,900,390 B1Granted
Payment vehicle with on and off function
AssigneeWells Fargo Bank, N.A.
InventorsMichael T. Duke, Dean Patrick Nolan
Life of this patent
Estimating the term…
Abstract
A computer-based network system and method for using a payment vehicle having an on and off function. The system comprises a payment vehicle comprising an on and off function to enable or to disable the payment vehicle in the computer-based network for processing an electronic payment transaction, a holder of the payment vehicle, and a computer payment network wherein the computer payment network comprises a transaction engine for enabling or for disabling the payment vehicle at a request of the holder of the payment vehicle.
Claims20
A computing system comprising a transaction engine of a payment card network, the computing system configured to:
- receive, from a user device of a user, a transmission including a rule to be applied to a payment vehicle of the user to limit which future transaction authorization requests are authorized by the computing system, the rule indicating whether to enable or disable the payment vehicle;
- in response to receiving the transmission with the rule, update, by the transaction engine, logic of the payment card network associated with the payment vehicle to incorporate the rule, such that an updatable payment vehicle activation status of the logic is updated according to the rule to indicate whether the payment vehicle is enabled or disabled for transactions using the payment vehicle, the updated logic establishing additional security for the payment vehicle by automatically disabling the payment vehicle in response to transactions failing to satisfy the rule;
- receive, from a merchant computing system of a merchant, a transaction authorization request;
- apply, by the transaction engine, the updated logic to the transaction authorization request to determine that the transaction authorization request is for a transaction that does not satisfy the rule;
- in response to the transaction engine determining that the transaction does not satisfy the rule, transmit to at least one of the merchant computing system and the user device an indication that the transaction authorization request from the merchant is not authorized;
- and
- in response to the transaction engine determining that the transaction does not satisfy the rule, automatically cause the transaction to be denied.
4 more elements
A computer-implemented method, comprising:
- receiving, by a computing system, from a user device of a user, a transmission including a rule to be applied to a payment vehicle of the user to limit which future transaction authorization requests are authorized by the computing system, the rule indicating whether to enable or disable the payment vehicle;
- in response to receiving the transmission with the rule, updating, by a transaction engine of the computing system, logic of a payment card network associated with the payment vehicle to incorporate the rule, such that an updatable payment vehicle activation status of the logic is updated according to the rule to indicate whether the payment vehicle is enabled or disabled for transactions using the payment vehicle, the updated logic establishing additional security for the payment vehicle by automatically disabling the payment vehicle in response to transactions failing to satisfy the rule;
- receiving, by the computing system, from a merchant computing system of a merchant, a transaction authorization request;
- applying the updated logic to the transaction authorization request to determine, by the transaction engine of the computing system, that the transaction authorization request is for a transaction that does not satisfy the rule;
- in response to the transaction engine determining that the transaction does not satisfy the rule, transmit to at least one of the merchant computing system and the user device an indication that the transaction authorization request from the merchant is not authorized;
- and
- in response to the transaction engine determining that the transaction does not satisfy the rule, automatically cause the transaction to be denied.
4 more elements
Dependencies are inferred from the claim text.