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OwnerYen-Fu Chen, John Handy-Bosma +2inventors
InventorsYen-Fu Chen, John Handy-Bosma, Keith Walker, Thomas Watters
Estimating the term…
A categorization based spending control at the time of purchase is provided. An account holder may establish spending limits for categories of products and/or services, and establish filter limits based on merchant location, time, and day. The merchant may be associated with a spending category. The merchant point of sale device may also encode categories and associated spending amounts into a text string, which is appended to the merchant identifier. When a transaction is initiated, the account provider receives a request for authorization. The account provider may then parse the merchant name, decode the text string, and compare each category and transaction amount to the established spending limits. If the purchase satisfies the established spending limits for each category and filter, then the transaction is approved.
A method, in a data processing system, for transaction approval, the method comprising:
A method, in a data processing system, for transaction approval, the method comprising:
A system for transaction approval, the system comprising:
Dependencies are inferred from the claim text.