Restricted-use transaction systems
AssigneeFirst Data Corporation
InventorRaymond Moore
Life of this patent
Estimating the term…
Abstract
A method and system are provided for authorizing commercial transactions subject to certain transaction criteria. A purchaser of goods and/or services presents a transaction instrument at the time of a transaction. Transaction criteria that have been defined by a third party and that are associated with the transaction instrument are accessed. A determination is then made whether the transaction request is consistent with the transaction criteria.
Claims26
A method for authorizing a commercial transaction, the method comprising:
- receiving a transaction request, wherein the transaction request identifies a transaction instrument and one or more items;
- accessing transaction criteria associated with the transaction instrument, wherein the transaction criteria have been defined by a customer;
- and
- determining, for each item, whether the transaction request is consistent with the transaction criteria.
A method for managing a commercial-transaction system, the method comprising:
- maintaining records for a plurality of transaction instruments, wherein the records comprise transaction criteria defined by a customer and are associated with each of such transaction instruments;
- receiving instructions for changing the transaction criteria associated with one of the transaction instruments;
- and
- modifying the records to reflect the changed transaction criteria.
A computer-readable storage medium having a computer-readable program embodied therein for directing operation of a computer system including a communications system, a processor, and a storage device, wherein the computer-readable program includes instructions for operating the computer system to authorize a commercial transaction in accordance with the following:
- receiving a transaction request with the communications system, wherein the transaction request identifies a transaction instrument;
- accessing transaction criteria stored on the storage device, wherein the transaction criteria are associated with the transaction instrument and have been defined by a customer;
- and
- determining with the processor whether the transaction request is consistent with the transaction criteria.
A computer-readable storage medium having a computer-readable program embodied therein for directing operation of a computer system including a communications system, a processor, and a storage device, wherein the computer-readable program includes instructions for operating the computer system to authorize a commercial transaction in accordance with the following:
- maintaining records for a plurality of transaction instruments on the storage device, wherein the records comprise transaction criteria defined by a customer and are associated with each of such transaction instruments;
- receiving instructions with the communications system for changing the transaction criteria associated with one of the transaction instruments;
- and
- modifying the records with the processor to reflect the changed transaction criteria.
Dependencies are inferred from the claim text.