Partial authorization of a financial transaction

US8636203B1 · kind B1 · utility

Assignee

• Visa U.S.A. Inc. · US

Inventors

• Barbara Patterson · South San Francisco, US
• Steve Diamond · Scottsdale, US
• Todd J. Brockman · Poway, US
• Richard Pileggi · Atlanta, US
• Amy Dalziel · Campbell, US

Key dates

• Filing date: Dec 4, 2006
• Grant date: Jan 28, 2014
• Expiry date: Feb 23, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/401
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Embodiments of methods and systems in accordance with the present invention allow partial authorization of a financial transaction. In one embodiment, where a balance of a prepaid card is insufficient to cover the entire amount of a transaction, the issuer of the prepaid card transmits over a payment processing system, approval for only the amount remaining on the card. The transaction can then be completed by the purchaser providing an additional sum from another source, such as a credit card. Such automatic partial authorization in accordance with an embodiment of the present invention avoids the delay and cost associated with having to re-execute the transaction for a less than the entire amount.