Systems and methods for recurring payment management
AssigneeJPMorgan Chase Bank, N.A.
InventorsCourtney S. GOODRICH, Whittney Anne LEVITT
Life of this patent
Estimating the term…
Abstract
Systems and methods for recurring payment management are disclosed. In one embodiment, a method for recurring payment management may include (1) a computer processor for an issuer receiving, over a network, a plurality of card not present transactions using a customer's financial instrument, each card not present transaction involving a merchant; (2) the computer processor for the issuer communicating, to an electronic device associated with the customer, an identification of each merchant having a card not present transaction; (3) the computer processor receiving an action involving one of the merchants from the electronic device; and (4) the computer processor executing the requested action.
Claims19
A method for user-initiated tracking of card not present (CNP) transactions, comprising:
- a computer processor for an issuer, compiling a first listing of a plurality of CNP transactions, submitted for a financial instrument of a user, each of the plurality of CNP transactions comprising a merchant identifying information for a corresponding merchant;
- evaluating the first listing for identifying, based on a user specified threshold, one or more recurring CNP transactions and the corresponding merchant for each of the one or more recurring CNP transactions, wherein the user specified threshold is associated with one of a total number of CNP transactions associated with a same corresponding merchant, a total number of CNP transactions with the same corresponding merchant and a same transaction amount, and a period of time between two or more consecutive CNP transactions with the same corresponding merchant;
- compiling, by the computer processor, a second listing of a plurality of merchants associated with the plurality of CNP transaction, wherein the second listing further comprises an indication of one or more merchants associated with each of the one or more recurring CNP transactions;
- transmitting, by the computer processor, the second listing of the plurality of merchants to an electronic device associated with the user;
- transmitting, by the electronic device, a user-initiated action with respect to one or more merchants in the second listing, to the computer processor, wherein the user-initiated action comprises a selection, by the user, of one or more merchants from the second listing to be placed on a watch list for tracking;
- the computer processor evaluating the corresponding merchant for each of the plurality of CNP transactions in the first listing against the watch list;
- and
- the computer processor communicating, to the electronic device associated with the user, wherein the communicating comprises notifying the user of a presence, in the first listing, of one or more CNP transactions corresponding to a tracked merchant in the watch list.
(canceled)
A method for recurring payment management, comprising:
- a computer processor for an issuer identifying a customer having a updated financial instrument, the updated financial instrument replacing a prior financial instrument, the prior financial instrument now invalid;
- the computer processor for the issuer receiving a current transaction request with the merchant with the prior financial instrument;
- the computer processor identifying a plurality of authorized card not present transactions using the customer's prior financial instrument with the merchant;
- and
- the computer processor for the issuer authorizing the current transaction using the updated financial instrument.
A method for recurring payment management, comprising:
- a computer processor for an issuer identifying a customer having a updated financial instrument, the updated financial instrument replacing a prior financial instrument, the prior financial instrument now invalid;
- the computer processor for the issuer receiving a current transaction request with the merchant with the prior financial instrument;
- the computer processor identifying a plurality of authorized card not present transactions using the customer's prior financial instrument with the merchant;
- and
- the computer processor for the issuer communicating the updated financial instrument to the merchant.
Dependencies are inferred from the claim text.