Systems, methods, and computer products for processing payments using a proxy card

Patent metadata

Field	Value
Publication number	US-9367834-B2
Application number	US-69214410-A
Country	US
Kind code	B2
Filing date	Jan 22, 2010
Priority date	Jan 22, 2010
Publication date	Jun 14, 2016
Grant date	Jun 14, 2016

Abstract

Systems, methods and computer program products for processing payments for a proxy card are provided. Embodiments of the system include a processor, and a memory in communication with the processor. The memory may be configured to store processing instructions for directing the processor to receive a request for authorization of a payment. In various embodiments, the request is triggered at a merchant server, by the use of a proxy card of the customer. The processor attempts to identify at least one desired payment mode for making the payment, from among payment mode(s) associated with the proxy card. The processor first selects the payment modes based at least in part on one or more selection criteria, such as predefined customer goals, and then the processor performs an authorization check to identify the desired payment modes. Subsequently, the processor authorizes the payment if at least one desired payment mode is identified.

First claim

What is claimed is:

1. A method comprising:
receiving, by a computer system, a transaction request that identifies a proxy transaction account number, wherein the proxy transaction account number is associated with a plurality of transaction accounts associated with a customer;
selecting, by the computer system, at least one transaction account from the plurality of transaction accounts;
authorizing, by the computer system, the transaction request; and
in response to authorizing the transaction request, the computer system charging the at least one transaction account;
wherein the selecting includes:
identifying the plurality of transaction accounts based at least in part on the proxy transaction account number;
retrieving behavior data corresponding to a plurality of previous transactions, including previous transactions by a plurality of other customers;
performing one or more comparisons of one or more transaction details of the transaction request to one or more previous transaction details of one or more of the previous transactions by the plurality of the other customers; and
based at least in part on the one or more comparisons, determining that at least one particular transaction of the one or more of the previous transactions by the plurality of the other customers has a similarity to the transaction request, wherein selecting the at least one transaction account is based on a particular transaction account used by another customer for the at least one particular transaction.

2. The method of claim 1 , wherein selecting the at least one transaction account comprises:
identifying, by the computer system, transaction account selection criteria associated with the proxy transaction account number; and
selecting, by the computer system, the at least one transaction account based at least in part on the transaction account selection criteria.

3. The method of claim 1 , wherein selecting the at least one transaction account comprises:
sending, by the computer system to the customer, a payment account identification request; and
receiving, by the computer system from the customer in response to the payment account identification request, a selection of the at least one transaction account.

4. The method of claim 3 , wherein the payment account identification request includes a suggestion of a particular transaction account of the plurality of transaction accounts.

5. The method of claim 2 , wherein the transaction account selection criteria includes one or more pre-defined preferences received from the customer.

6. The method of claim 2 , further comprising determining, by the computer system, a particular good or service associated with the transaction request, wherein the transaction account selection criteria indicates that the at least one transaction account should be selected for transaction requests that include the particular good or service.

7. The method of claim 5 , wherein the one or more pre-defined preferences indicate a default transaction account, and wherein selecting the at least one transaction account comprises determining, by the computer system, whether the transaction request is authorized for the default transaction account.

8. The method of claim 5 , wherein the one or more pre-defined preferences indicate a first default transaction account for a first transaction amount and the one or more pre-defined preferences indicate a second default transaction account for a second transaction amount, and wherein selecting the at least one transaction account comprises determining, by the computer system, a transaction amount indicated by the transaction request.

9. The method of claim 1 , wherein the plurality of transaction accounts include a debit account, a credit account, a charge account, a bank account, a free savings account, a flexible spending account, a health savings account, a gift card account, a stored-value card account, or a reward points account, or any combination thereof.

10. The method of claim 1 , wherein selecting the at least one transaction account comprises:
selecting, by the computer system, a different transaction account from the plurality of transaction accounts;
determining, by the computer system, that the transaction request is not authorized for the different transaction account; and
selecting, by the computer system, the at least one transaction account.

11. The method of claim 1 , wherein authorizing the transaction request comprises sending, by the computer system to the customer, one or more authentication requests associated with the at least one transaction account.

12. The method of claim 1 , wherein the selecting comprises determining that a majority of the plurality of the other customers used a particular payment method in the previous transactions by the plurality of the other customers; and
wherein the selected at least one transaction account corresponds to the particular payment method.

13. A system comprising:
a processor; and
a non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause the system to perform operations comprising:
receiving a transaction request that includes a proxy transaction account number, wherein the proxy transaction account number is associated with a plurality of transaction accounts associated with a customer;
selecting, in response to receiving the proxy transaction account number, at least one transaction account from the plurality of transaction accounts; and
determining, based at least in part on the selected at least one transaction account, whether to authorize the transaction request;
wherein the selecting includes:
identifying the plurality of transaction accounts based at least in part on the proxy transaction account number;
identifying one or more other customers, wherein at least a portion of payment preferences of the one or more other customers are similar to one or more defined payment preferences of the customer;
retrieving at least some of the payment preferences of the one or more other customers; and
determining the at least one transaction account based at least in part on at least one of the payment preferences of the one or more other customers.

14. The system of claim 13 , wherein the operations further comprise rejecting the transaction request in response to transaction data associated with the transaction request failing to meet one or more respective requirements associated with each of the plurality of transaction accounts.

15. The system of claim 14 , wherein the transaction data associated with the transaction request is a transaction amount, and wherein the one or more respective requirements is a respective credit limit.

16. The system of claim 13 , wherein determining whether to authorize the transaction request comprises comparing transaction data from the transaction request to a credit limit of the at least one transaction account, to an expiration date of the at least one transaction account, to one or more customer preferences associated with the at least one transaction account, or any combination thereof.

17. An article of manufacture including a non-transitory computer readable medium having instructions stored thereon that, in response to execution by a computer system, cause the computer system to perform operations comprising:
sending, to a customer, a proxy transaction account number associated with a plurality of transaction accounts of the customer;
receiving, from a merchant, a transaction request that identifies the proxy transaction account number;

Assignees

• Morgan Robert E
• Seth Hitesh
• Iii Holdings 1 Llc

Inventors

• Morgan Robert E
• Seth Hitesh

Classifications

• G06Q20/32

  using wireless devices · CPC title

• G06Q20/02 Primary

  involving a neutral party, e.g. certification authority, notary or trusted third party [TTP] · CPC title

• G07F7/10

  together with a coded signal {, e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data} · CPC title

• G06Q20/425

  using two different networks, one for transaction and one for security confirmation · CPC title

• G06Q20/3255

  using mobile network messaging services for payment, e.g. SMS · CPC title