Registers – Systems controlled by data bearing records – Credit or identification card systems
Patent
1997-09-23
1999-06-22
Porta, David P.
Registers
Systems controlled by data bearing records
Credit or identification card systems
2353825, 705 35, H04M 1100
Patent
active
059144726
ABSTRACT:
A system and method for allowing a parent to control the use of an ancillary credit or debit transaction card which is issued to a child. A central computer communicates with an issuer computer having a data base containing account information and spending limits for the transaction card and the parent can set a spending limit for the ancillary card given to the child. When the child presents the ancillary transaction card to a merchant in payment of merchandise, the merchant swipes the card and contacts a central computer for card authorization. If the credit limit of the ancillary card holder has been exceeded according to the data base, a method of contacting the parent is transmitted to the central computer. The central computer initiates contact with the parent via two-way communications, for example, two way pager, cellular telephone, or other personal communication service, and queries the parent whether to authorize the transaction by increasing the spending limit of the ancillary cardholder or refusal of the transaction. The parent responds to the central computer via the two-way communications device, and the central computer forwards an approval/refusal code to the merchant. In this manner, a parent can control the maximum transaction card spending by a child.
REFERENCES:
patent: 5046157 (1991-09-01), Smith et al.
patent: 5350906 (1994-09-01), Brody et al.
patent: 5513250 (1996-04-01), McAllister
patent: 5621201 (1997-04-01), Langhans et al.
patent: 5708422 (1998-01-01), Blonder et al.
patent: 5770843 (1998-06-01), Rose et al.
Foladare Mark Jeffrey
Goldman Shelley B.
Gorini Dominick
Silverman David Phillip
Wang Shaoqing
AT&T Corp
Dunn Drew A.
Porta David P.
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