Methods for risk management in payment device system
AssigneeMastercard International Incorporated
InventorsSimon Phillips, Ronald D. Carter
Life of this patent
Estimating the term…
Abstract
A method includes setting a risk management limit to be applied to authorized purchase transactions for a payment card account. The method further includes detecting that purchase transactions for the payment card account have approached the risk management limit and sending a message to the account holder to notify the account holder that the risk management limit is imminent. In addition, the method includes detecting that the account holder has requested re-setting of the risk management limit and then re-setting the risk management limit.
Claims20
A method comprising:
- setting, in a computer, a risk management limit to be applied to authorized purchase transactions for a payment card account;
- detecting in the computer that purchase transactions for the payment card account have approached the risk management limit;
- sending a message from the computer to a holder of the payment card account to notify the holder that the risk management limit is imminent;
- detecting that the holder has requested re-setting of the risk management limit;
- and
- in response to detecting the holder requested re-setting of said risk management limit, re-setting said risk management limit in the computer.
A method comprising:
- receiving a customer contact in an on-line banking application program that runs on a server computer;
- and
- in response to the customer contact, sending a message from the on-line banking application program to a payment card issuer application program.
A method comprising:
- a payment card issuer application program sending a message to a holder of a payment card account to notify the holder that a risk management limit is imminent, the payment card issuer application program running on a server computer;
- at a predetermined time after sending the message, the issuer payment card application program polling an on-line banking application program to determine whether the on-line banking application program has been contacted by the holder of the payment card account after the sending of the message;
- the payment card issuer application program receiving a response from the on-line banking application program, said response indicative that the holder of the payment account has contacted the on-line banking application program;
- and
- after the payment card issuer application program receives said response from the on-line banking application program, the payment card issuer application program re-setting the risk management limit.
Dependencies are inferred from the claim text.