System and method for authorizing transactions

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United States of America Patent

SERIAL NO

10844293

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A system and method for authorizing transactions where a terminal determines if the transaction amount is within a low value limit. If so, a card acts within the parameters of offline counters on the card to generate an offline authorization. The transaction amount is deducted from the available funds balance tracked by an additional counter on the card. Merchants clear the transaction during batch processing in the same manner as other debit or credit transactions. The transactions are treated as standard chip offline-authorized transactions and are sent with other transaction details to an issuer.

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Patent Owner(s)

Patent OwnerAddressTotal Patents
VISA INTERNATIONAL SERVICE ASSOCIATIONSAN FRANCISCO, CA523

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Hill, Trudy Foster City, CA 17 160
Oppenlander, Carole Pacifica, CA 9 96

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