Payment vehicle with on and off function

A method comprising:

• receiving, by a computing system of an issuer of a payment vehicle, a first text message from a mobile computing device of a holder of the payment vehicle, the first text message including a user-input instruction of the holder of the payment vehicle, the user-input instruction indicating that electronic transaction requests meeting one or more criteria are to be denied during processing by a computer-based payment network for the payment vehicle;
• updating, by a transaction engine of the computing system, logic associated with the payment vehicle such that electronic transaction requests meeting the one or more criteria are automatically denied and electronic transaction requests not meeting the one or more criteria are approved without requiring subsequent authorization from the holder of the payment vehicle;
• receiving, by the computing system, a transaction request for a payment to a recipient using the payment vehicle;
• determining, based on the logic, by the computing system, that the transaction request for the payment to the recipient is to be denied for meeting the one or more criteria;
• and
• in response to determining that the transaction request for the payment is to be denied:
• denying, by the computing system, the transaction request for the payment to the recipient,
• transmitting, by the computing system, a second text message to the mobile computing device indicating that the payment is denied, and
• transmitting, by the computing system, an electronic message to a point-of-sale (POS) terminal indicating that the transaction request for the payment is denied.

A computing system of an issuer of a payment vehicle, the computing system comprising one or more processors coupled to memory, the computing system configured to:

• receive a text message from a mobile computing device of a holder of the payment vehicle, the text message including a user-input instruction of the holder of the payment vehicle, the user-input instruction indicating that electronic transaction requests meeting one or more criteria are to be denied during processing by a computer-based payment network for the payment vehicle;
• update, via a transaction engine, logic associated with the payment vehicle such that electronic transaction requests meeting the one or more criteria are automatically denied and electronic transaction requests not meeting the one or more criteria are approved without requiring subsequent authorization from the holder of the payment vehicle;
• receive a transaction request for a payment to a recipient using the payment vehicle;
• determine, based on the logic, that the transaction request for the payment to the recipient is to be denied for meeting the one or more criteria;
• and
• in response to determining that the transaction request for the payment is to be denied:
• deny the transaction request for the payment to the recipient,
• transmit a second text message to the mobile computing device indicating that the payment is denied, and
• transmit an electronic message to a point-of-sale (POS) terminal indicating that the transaction request for the payment is denied.

A non-transitory computer-readable storage medium comprising instructions that, when executed by one or more processors of a computing system of an issuer of a payment vehicle, configure the computing system to:

• receive a text message from a mobile computing device of a holder of the payment vehicle, the text message including a user-input instruction of the holder of the payment vehicle, the user-input instruction indicating that electronic transaction requests meeting one or more criteria are to be denied during processing by a computer-based payment network for the payment vehicle;
• update, via a transaction engine, logic associated with the payment vehicle such that electronic transaction requests meeting the one or more criteria are automatically denied and electronic transaction requests not meeting the one or more criteria are approved without requiring subsequent authorization from the holder of the payment vehicle;
• receive a transaction request for a payment to a recipient using the payment vehicle;
• determine, based on the logic, that the transaction request for the payment to the recipient is to be denied for meeting the one or more criteria;
• and
• in response to determining that the transaction request for the payment is to be denied:
• deny the transaction request for the payment to the recipient,
• transmit a second text message to the mobile computing device indicating that the payment is denied, and
• transmit an electronic message to a point-of-sale (POS) terminal indicating that the transaction request for the payment is denied.