Methods and systems for cardholder initiated transactions
US8355988B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Jun 18, 2012 |
| Grant date | Jan 15, 2013 |
| Priority date | — |
| Expiry date | Jun 18, 2032 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/3265
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A cardholder-initiated financial transaction using a cardholder controlled input device in communication with a payment card network and a database is disclosed. The cardholder uses a payment card issued to the cardholder by an issuer bank. An exemplary method includes the steps of storing merchant data within the database including data identifying the merchants registered to utilize the card network and receiving from the input device transaction data relating to the financial transaction. The transaction data includes an authorization request and merchant identifying data that identifies the merchant involved in the transaction. The method further includes determining that the identified merchant is registered to utilize the card network by comparing the transaction data with the merchant data stored in the database, forwarding the authorization request to the issuer bank, receiving a response to the request from the issuer bank, and automatically forwarding the response to the input device.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.