The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Oct. 29, 2019
Filed:
Sep. 12, 2011
Jari Malinen, Milpitas, CA (US);
Vaduvur Bharghavan, Morgan Hill, CA (US);
Sandeep Gilotra, Milpitas, CA (US);
Jason Fieldman, Milpitas, CA (US);
Rajinder Singh, Milpitas, CA (US);
Rachna Ahlawat, Milpitas, CA (US);
Kannan Konath, Milpitas, CA (US);
Jari Malinen, Milpitas, CA (US);
Vaduvur Bharghavan, Morgan Hill, CA (US);
Sandeep Gilotra, Milpitas, CA (US);
Jason Fieldman, Milpitas, CA (US);
Rajinder Singh, Milpitas, CA (US);
Rachna Ahlawat, Milpitas, CA (US);
Kannan Konath, Milpitas, CA (US);
ONDOT SYSTEMS, INC., Milpitas, CA (US);
Abstract
Enforcing payment card policies using a financial institution agent coupled to a payment processing network. The advisory device intercepts messages directed to an authorization element at an authorizing bank, modifies the intercepted messages in response to a set of financial policy rules, and forwards the intercepted messages to the authorization element. The authorization element responds to any modifications made by the financial institution agent, and issues a grant or a denial of of authorization in response. The financial policy rules include a set of policy limits for use of the payment card, responsive to card usage type, merchant type and location, amount per transaction (or for a selected duration), number of transactions, and combinations thereof Financial policy rules can include side effects, including notifications or two-step authorization (with the cardholder or a monitoring party), transaction records, and combinations thereof.