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AssigneeInternational Business Machines Corporation
InventorsAnne Louise Bolgert, Richard Jay Cohen, Randolph Michael Forlenza, Raghuraman Kalyanaraman, Suresh Vemulapalli Kumar
Estimating the term…
A method, apparatus and computer program product enables user-directed, selective control of payment transactions for a user's payment device. The techniques enable a payment device user to create and manage self-defined policies on how a particular payment device (tangible or intangible) may be used. This approach enables the end user, as opposed to the financial or commercial institution, to control transactions with respect to the account. Thus, for example, using a display interface, the account holder can control factors such as: allowed or disallowed vendors, a number of charges, timing of charges, a charge frequency, types of purchases allowed, and the amount charged. This fine-grained, device-specific control mechanism enables account holders to protect financial assets against fraudulent or improper activity. The approach provides a policy management system by which user-directed options for selectively controlling and restricting payment transactions may be realized, thereby providing better security and more customized account control.
1-8. (canceled)
Apparatus for policy creation and management, comprising:
A computer program product in a computer readable medium for policy creation and management in a data processing system, the computer program product holding computer program instructions which, when executed by the data processing system, perform a method for user-directed, selective control of payment transactions, the method comprising:
Dependencies are inferred from the claim text.