초록 ▼

An account processing method and system for providing specific pre-authorization parameters for categories of transactions that would otherwise be completely denied authorization using only general authorization parameters. Upon establishment of an account, certain categories of transactions are spe

An account processing method and system for providing specific pre-authorization parameters for categories of transactions that would otherwise be completely denied authorization using only general authorization parameters. Upon establishment of an account, certain categories of transactions are specified as needing specific authorization prior to approving the transaction as requested by a merchant. An account issuer provides a service to account members that permits an account manager to independently specify the parametric conditions under which to approve a transaction within such categories. The account manager may also specify a transaction identifier such as a purchase order, work order or insurance claim number to associate with the required transaction parameters. Upon the approval of such a transaction requiring specific authorization, the authorizing agent during the billing process forwards both the transaction-specific information such as transaction amount and merchant information with the transaction identifier as previously assigned by the account manager. Such an association of a transaction identifier facilitates accounting reconciliation of transactions funded through credit card-like payment transactions.

대표청구항 ▼

[ What is claimed and desired to be secured by United States Letters Patent is:] [1.] A computerized account authorization method wherein a portion of account transactions require both individual pre-authorization and conformance with account transaction limitations, said method comprising the steps

[ What is claimed and desired to be secured by United States Letters Patent is:] [1.] A computerized account authorization method wherein a portion of account transactions require both individual pre-authorization and conformance with account transaction limitations, said method comprising the steps of:(a) establishing an account between an account manager and an account issuer, said account having an imposed pre-authorization transaction type for denoting said portion of account transactions that require said individual pre-authorization;(b) said account manager pre-authorizing said account upon a match of each of at least one specified transaction parameter of said imposed pre-authorization transaction type to authorize a requested transaction; and(c) authorizing said requested transaction when in conformity with both said at least one specified transaction parameter and said account transaction limitations.