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Method and system for managing payment card transactions

A management system, payment card technology, applied in the direction of payment system, payment system structure, data processing application, etc.

Active Publication Date: 2018-10-30
INT BUSINESS MASCH CORP
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

For cardholders, having their payment card declined for a financial transaction is embarrassing, stressful and frustrating

Method used

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  • Method and system for managing payment card transactions
  • Method and system for managing payment card transactions
  • Method and system for managing payment card transactions

Examples

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Embodiment Construction

[0018] As required, detailed embodiments are disclosed herein; however, it is to be understood that the disclosed embodiments are merely examples and that the systems and methods described below can be implemented in various forms. Therefore, specific structural and functional details disclosed herein are not to be interpreted as limiting, but merely as a basis for the claims and as a means for teaching one skilled in the art to design the present invention in virtually any appropriately detailed structural and functional details. The representative basis of the inventive subject matter is employed variously. Furthermore, the terms and phrases used herein are not intended to be limiting but to provide an understandable description of the concepts.

[0019] The description of the present invention has been presented for purposes of illustration and description, but is not intended to be exhaustive or limited to the invention in the form disclosed. Many modifications and variat...

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PUM

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Abstract

Disclosed is a novel system and method for managing payment card fraud. More particularly, accessing information associated with at least one card holder after the card holder has physically passed through at least one security checkpoint in which the card holder's identity has been authenticated. Next at least one payment card identifier associated with the card holder is received. A payment card profile associated with the payment card is updated. In one example, information from a ticket is also used with the payment card identifier to manage the probability of rejection. Numerous embodiments are disclosed.

Description

technical field [0001] The present invention relates generally to managing payment cards, and more particularly to managing payment cards for cardholders traveling to different geographic regions. Background technique [0002] The use of payment cards has grown significantly in recent times. Payment cards are broadly defined to include credit cards, cash cards, prepaid cards, secured cards, gift cards, ATM cards, bank cards, check cards, and any other type of non-cash payment. With this growth in payment cards, people are traveling more than ever. Domestic and international tourism continues to increase every year. [0003] The confluence of these two trends, the use of credit cards and increased travel, has made it difficult for providers of payment cards to identify fraudulent transactions. In fact, it is not uncommon for cardholders using payment cards to have their transactions declined because they arrived in a destination geographical area outside the area set by th...

Claims

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Application Information

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Patent Type & Authority Patents(China)
IPC IPC(8): G06Q20/38G06Q20/40
CPCG06Q20/34G06Q20/4016
Inventor J·R·克泽罗斯基C·A·皮茨克维尔
Owner INT BUSINESS MASCH CORP