Method, system and program product for deterring credit fraud
AssigneeInternational Business Machines Corporation
InventorsRichard Howard, Charles Lingafelt, William Shembeda
Life of this patent
Estimating the term…
Abstract
Under the present invention, a credit account can be associated with a locational restriction and a corresponding monetary restriction. The locational restriction sets forth a specific merchant or type of merchant at which a credit account can be used. The monetary restriction sets forth a maximum monetary amount that can be charged to that account by the specified merchant or type of merchant. When a request to approve a purchase using the credit account is received from a merchant, it will be determined whether the locational and monetary restrictions are met. If so, the request is approved. However, if either restriction is not met, the request will be denied.
Claims33
A method of deterring credit fraud, comprising:
- providing an association between a credit account, a locational restriction and a corresponding monetary restriction;
- receiving a request to use the credit account;
- and
- making an approval determination for the request based on the associating, wherein the request is approved if the request meets both the locational restriction and the corresponding monetary restriction.
A method of deterring credit fraud, comprising:
- providing a credit account having a unique identification that is associated with a locational restriction and a corresponding monetary restriction;
- receiving a request from a merchant to approve a purchase using the credit account for a certain monetary amount;
- and
- making an approval determination for the request based on the locational restriction and the monetary restriction.
A system of deterring credit fraud, comprising:
- a restriction association system for associating a credit account with a locational restriction and a corresponding monetary restriction;
- a request reception system for receiving a request to use the credit account;
- and
- an approval determination system for making an approval determination for the request, wherein the request is approved if the request meets both the locational restriction and the corresponding monetary restriction.
A program product stored on a recordable medium for deterring credit fraud, which when executed, comprises:
- program code for associating a credit account with a locational restriction and a corresponding monetary restriction;
- program code for receiving a request to use the credit account;
- and
- program code for making an approval determination for the request, wherein the request is approved if the request meets both the locational restriction and the corresponding monetary restriction.
A system for deploying an application for deterring credit fraud, comprising:
- a computer infrastructure being operable to:
- associate a credit account with a locational restriction and a corresponding monetary restriction;
- receive a request to use the credit account;
- and
- make an approval determination for the request, wherein the request is approved if the request meets both the locational restriction and the corresponding monetary restriction.
Computer software embodied in a propagated signal for deterring credit fraud, the computer software comprising instructions to cause a computer system to perform the following functions:
- associate a credit account with a locational restriction and a corresponding monetary restriction;
- receive a request to use the credit account;
- and
- make an approval determination for the request, wherein the request is approved if the request meets both the locational restriction and the corresponding monetary restriction.
A method for supporting an application for deterring credit fraud, comprising:
- supporting the application, wherein the application is operable to perform the following functions:
- associate a credit account with a locational restriction and a corresponding monetary restriction;
- receive a request to use the credit account;
- and
- make an approval determination for the request, wherein the request is approved if the request meets both the locational restriction and the corresponding monetary restriction.
Dependencies are inferred from the claim text.