System for personal authorization control for card transactions

A credit card transaction system, wherein a cardholder or their agent is authorized to effect transactions in the credit card transaction system and bind the cardholder, the system comprising:

• a transaction network coupled to merchant terminals for receiving requests for authorization from merchants who are independent of an operator of the transaction network;
• an authorization server for processing the requests for authorization according to criteria set by at least one of an issuer financial institution that issued a card to the cardholder and is independent from the network operator;
• and
• an authorization subprocessor configured to override an authorization of the authorization server based on contents of a parameter table associated with the cardholder, wherein the parameters used to override authorizations are provided by the cardholder.