Authorization method and system for on-behalf transactions
AssigneeMastercard International Incorporated
InventorsNavneet Jain, Ganesh Shinde, Ravi Pareek
Life of this patent
Estimating the term…
Abstract
A transaction authorization method includes generation of a unique identification code for registering a user as an on-behalf payee for an account based on a registration request raised by an account holder of the account. The user is authorized to perform on-behalf transactions from the account by using the unique identification code. The account holder is notified, when the user performs an on-behalf transaction from the account. The on-behalf transaction is authorized, when the account holder approves the on-behalf transaction and is declined, when the account holder rejects the on-behalf transaction.
Claims20
A transaction authorization method, comprising:
- generating, by a server, a unique identification code to register a first user as an on-behalf payee for an account of an account holder;
- receiving, by the server, an authorization request for a transaction performed by the first user at a first device by using the unique identification code;
- notifying, by the server, the account holder by way of a notification that the transaction is performed by the first user, wherein the notification comprises details of the first user and a transaction amount of the transaction;
- authorizing, by the server, the transaction, when the account holder approves the transaction based on the notification;
- and
- transmitting, by the server to the first device, an approval message to process the transaction for deducting the transaction amount from the account, when the transaction is authorized.
A transaction authorization system, comprising:
- an issuer server, comprising:
- a processor that is configured to:
- generate a unique identification code to register a first user as an on-behalf payee for an account of an account holder;
- receive an authorization request for a transaction performed by the first user at a first device by using the unique identification code;
- notify the account holder by way of a notification that the transaction is performed by the first user, wherein the notification comprises details of the first user and a transaction amount of the transaction;
- authorize the transaction, when the account holder approves the transaction based on the notification;
- and
- transmit an approval message to the first device for processing the transaction, when the transaction is authorized.
A transaction authorization method, comprising:
- mapping, by a payment network server, a unique identification code that is received from an issuer server to an account of an account holder, wherein a first user is registered as an on-behalf payee by the issuer server to perform one or more transactions from the account by using the unique identification code;
- receiving, by the payment network server, an authorization request for a transaction performed by the first user at a first device by using the unique identification code;
- notifying, by the payment network server, the account holder by way of a notification that the transaction is performed by the first user, wherein the notification comprises details of the first user and a transaction amount of the transaction;
- authorizing, by the payment network server, the transaction, when the account holder approves the transaction based on the notification;
- and
- transmitting, by the payment network server to the first device, an approval message to process the transaction for deducting the transaction amount from the account, when the transaction is authorized.
Dependencies are inferred from the claim text.