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.
Claims18
A method of changing a status of a payment vehicle based on transmissions from a mobile telephone, the method implemented by a computing system comprising a transaction engine in a computer-based payment network that processes electronic payments, comprising:
- receiving, by the computing system, a first text message from the mobile telephone, the first text message including a first command indicating that the payment vehicle is to be disabled;
- disabling, by the transaction engine of the computing system of the computer-based payment network, the payment vehicle for subsequent payments in response to the first text message by updating logic of the computer-based payment network to include a block for the payment vehicle, the block for the payment vehicle establishing additional security for the payment vehicle by automatically declining subsequent transactions involving the payment vehicle via the logic;
- receiving, by the computing system, from a merchant system, a first payment authorization request for a first payment involving the payment vehicle;
- automatically declining, by the transaction engine of the computing system of the computer-based payment network, the first payment authorization request that is being processed by the computer-based payment network according to the block for the payment vehicle in the logic;
- transmitting, by the computing system, an indication that the first payment authorization request was declined to the merchant system;
- receiving, by the computing system, a second text message from the mobile telephone, the second text message including a second command indicating that the payment vehicle is to be enabled;
- updating, by the transaction engine of the computing system of the computer-based payment network, the logic of the computer-based payment network to remove the block to enable the payment vehicle for subsequent payments in response to the second text message;
- and
- authorizing, by the computing system, a second payment authorization request that is being processed by the computer-based payment network and that is for a second payment involving the payment vehicle according to the logic, wherein authorizing the second payment authorization request comprises connecting, by the transaction engine, the computer-based payment network to a source of funds corresponding to the payment vehicle.
A computing system for changing a status of a payment vehicle based on transmissions received from a mobile telephone, the computing system being part of a computer-based payment network that processes electronic payments made using the payment vehicle, the computing system comprising a transaction engine in the computer-based payment network configured to:
- receive a first text message from the mobile telephone, the first text message including a first command indicating that the payment vehicle is to be disabled;
- disable, using the transaction engine, the payment vehicle for subsequent payments in response to the first text message by updating logic of the computer-based payment network, the updated logic establishing additional security for the payment vehicle by automatically declining subsequent transactions involving the payment vehicle;
- receive, from a merchant system, a first payment authorization request for a first payment involving the payment vehicle;
- automatically decline the first payment authorization request that is being processed by the computer-based payment network according to the logic;
- transmit an indication that the first payment authorization request was declined to the merchant system;
- receive a second text message from the mobile telephone, the second text message including a second command indicating that the payment vehicle is to be enabled;
- update, using the transaction engine, the logic of the computer-based payment network to enable the payment vehicle for subsequent payments in response to the second text message;
- and
- authorize a second payment authorization request that is being processed by the computer-based payment network and that is for a second payment involving the payment vehicle according to the logic, wherein authorizing the second payment authorization request comprises connecting, by the transaction engine, the computer-based payment network to a source of funds corresponding to the payment vehicle.
Dependencies are inferred from the claim text.