Method and system for continuing billing arrangements

Details Method and system for continuing billing arrangements Method and system for continuing billing arrangements

1997-09-18

2000-08-22

Hajec, Donald

Registers

Systems controlled by data bearing records

Banking systems

235380, G06F 1760

Patent

active

061058637

ABSTRACT:
A method of processing transaction charges from continuing billing arrangements that allows such charges to continue to be authorized after the account number to which the charges are directed has been invalidated, such as would result if the account number related to a credit or debit card that was lost, stolen or expired, or to a checking or savings account that was closed or transferred. A security key is used to indicate charges that are to be authorized after the account number has been invalidated. Charges that include the key are authorized, while charges that do not include the key are rejected.

REFERENCES:
patent: 5023436 (1991-06-01), Takada et al.
patent: 5053606 (1991-10-01), Kimizu
patent: 5350906 (1994-09-01), Brody et al.
patent: 5365046 (1994-11-01), Haymann

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