Customer controlled account, system, and process

Abstract

Enhanced access devices, e.g. credit cards and/or check cards, are issued with enhanced security features and processes that allow a customer to control circumstances under which their account can be accessed. If a fraudster tries to access the account without knowledge of the consumer set controls, the system can take remedial action with reduced instances of false positives. An account is typically established for an account holder through a central entity, e.g. an issuer. At least one access device is established for the account, wherein at least one user is associated with the access devices for one or more transactions. Use of the access devices is defined by a set of rules defined by the central entity and a set of rules that are controllable by the customer, typically comprising any of the account holder and the user of the account. The customer can input, control, and/or update at least one parameter associated with the customer-controllable rules. Subsequent authorization of the access devices is then controlled based on the customer input and other controls.