US Patent No: 4,943,707
Number of patents in Portfolio can not be more than 2000
Transaction approval system
Stats
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Jul 24, 1990
Issued date -
Jan 10, 1989
filing date -
07/295,548
serial no -
Expired
status
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Abstract
An improved system is disclosed for detecting invalid transaction cards at remote transaction terminals. The system includes providing each terminal with a master table having data corresponding to invalid cards. The data in the master table is less than the actual account numbers of the invalid cards. By using a compressed version of the data, the file can be shortened to facilitate storage and transmission. The compressed data file is arranged such that when an invalid card is presented, it will be identified and routed on for further processing. In the preferred embodiment, the probability that a valid card will be identified as potentially invalid is on the order of one to three percent. During each transaction, the master table is supplemented with information about the account number of the transaction card presented for the purchase. In this manner, any subsequent use of the card will be routed for additional processing. A scheme for compensating for data transmission errors is used to reduce the possibility that information about invalid cards is not lost when the master file is distributed.
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First Claim
Related Publications
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- 15 United States
- 10 France
- 8 Japan
- 7 China
- 5 Korea
- 2 Other
Patent Owner(s)
| Patent Owner | Address | Total Patents |
|---|---|---|
| VISA INTERNATIONAL SERVICE ASSOCIATION | SAN FRANCISCO, CA | 169 |
International Classification(s)
- [Classification Symbol]
- [Patents Count]
Inventor(s)
| Inventor Name | Address | # of filed Patents | Total Citations |
|---|---|---|---|
| Boggan, Elvis W | Concord, CA | 6 | 844 |
Cited Art
| Patent Info | (Count) | # Cites | Year |
|---|---|---|---|
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| 4,558,211 Transaction terminal system | 52 | 1983 | |
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| 4,186,871 Transaction execution system with secure encryption key storage and communications | 104 | 1978 | |
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| 4,472,626 Information and protection system for checks and credit cards | 26 | 1982 | |
| 4,679,236 Identification verification method and system | 61 | 1984 | |
Patent Citation Ranking
Forward Cites
| Patent Info | (Count) | # Cites | Year |
|---|---|---|---|
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| 7,370,004 Personalized interactive network architecture | 26 | 2000 | |
| 7,433,829 System and method for managing global risk | 5 | 2001 | |
| 7,512,566 System and method for using a stored value account having subaccount feature | 5 | 2001 | |
| 7,809,641 System and method for funding a collective account | 7 | 2002 | |
| 7,860,789 Multiple account advanced payment card and method of routing card transactions | 6 | 2002 | |
| 7,165,049 Sponsor funded stored value card | 63 | 2002 | |
| 7,801,816 System and method for currency selectable stored value instrument | 1 | 2003 | |
| 8,239,304 Method and system for providing pre-approved targeted products | 1 | 2003 | |
| 7,676,425 Method and system for providing flexible financing | 13 | 2003 | |
| 8,306,907 System and method for offering risk-based interest rates in a credit instrument | 1 | 2003 | |
| 7,953,663 System and method for financial instrument pre-qualification and offering | 3 | 2003 | |
| 7,809,595 System and method for managing risks associated with outside service providers | 3 | 2003 | |
| 8,239,323 Method and system for distribution of unactivated bank account cards | 1 | 2003 | |
| 7,130,828 Debit purchasing of stored value card for use by and/or delivery to others | 24 | 2003 | |
| 7,707,111 Customer activated multi-value (CAM) card | 20 | 2004 | |
| 7,349,866 System and method for funding a collective account by use of an electronic tag | 23 | 2004 | |
| 7,363,273 Debit purchasing of stored value card for use by and/or delivery to others | 14 | 2004 | |
| 7,174,314 Debit purchasing of stored value card for use by and/or delivery to others | 15 | 2004 | |
| 7,174,315 Debit purchasing of stored value card for use by and/or deliveries to others | 36 | 2004 | |
| 7,174,316 Debit purchasing of stored value card for use by and/or delivery to others | 14 | 2004 | |
| 7,174,317 Debit purchasing of stored value card for use by and/or delivery to others | 29 | 2004 | |
| 7,171,388 Debit purchasing of stored value card for use by and/or delivery to others | 13 | 2004 | |
| 7,191,952 Selectable multi-purpose card | 71 | 2004 | |
| 7,756,896 System and method for multi-dimensional risk analysis | 18 | 2005 | |
| 7,660,763 Customer activated multi-value (CAM) card | 13 | 2005 | |
| 7,263,507 Customer activated multi-value (CAM) card | 30 | 2005 | |
| 7,401,731 Method and system for implementing a card product with multiple customized relationships | 44 | 2005 | |
| 7,801,799 Customer activated multi-value (CAM) card | 2 | 2005 | |
| 7,941,355 Universal payment protection | 2 | 2006 | |
| 7,809,642 Debit purchasing of stored value card for use by and/or delivery to others | 4 | 2006 | |
| 7,591,416 Selectable multi-purpose card | 27 | 2006 | |
| 7,676,429 Credit instrument and system providing multiple services including access to credit services and access to a service provider club | 0 | 2006 | |
| 7,311,244 System and method for funding a collective account by use of an electronic tag | 15 | 2006 | |
| 7,306,141 System and method for funding a collective account by use of an electronic tag | 15 | 2006 | |
| 7,784,682 System and method for granting promotional rewards to both customers and non-customers | 2 | 2006 | |
| 7,260,549 Method and system for managing risk | 17 | 2006 | |
| 7,505,918 Method and system for managing risks | 2 | 2006 | |
| 7,360,693 System and method for a card benefit program providing benefits to program members based on program performance | 11 | 2006 | |
| 7,753,259 System and method for granting promotional rewards to both customers and non-customers | 14 | 2006 | |
| 7,357,331 Selectable multi-purpose card | 37 | 2006 | |
| 7,603,283 Method and system for managing risk | 3 | 2007 | |
| 7,805,368 Debit purchasing of stored value card for use by and/or delivery to others | 3 | 2007 | |
| 7,818,253 Debit purchasing of stored value card for use by and/or delivery to others | 3 | 2007 | |
| 8,020,754 System and method for funding a collective account by use of an electronic tag | 3 | 2007 | |
| 8,417,601 Variable rate payment card | 0 | 2007 | |
| 8,033,451 System and method for funding a collective account by use of an electronic tag | 0 | 2007 | |
| 7,809,643 Debit purchasing of stored value card for use by and/or delivery to others | 3 | 2007 | |
| 7,949,574 Personalized interactive network architecture | 0 | 2007 | |
| 7,890,422 Multiple account advanced payment card and method of routing card transactions | 9 | 2008 | |
| 8,245,909 Method and system for implementing a card product with multiple customized relationships | 1 | 2008 | |
| D602522 Transaction device | 29 | 2008 | |
| 8,078,528 System and method for providing borrowing schemes | 3 | 2009 | |
| 7,926,711 System and method for granting promotional rewards to both customers and non-customers | 3 | 2009 | |
| 8,190,522 System and method for providing borrowing schemes | 0 | 2009 | |
| 8,408,455 System and method for granting promotional rewards to both customers and non-customers | 0 | 2009 | |
| 8,095,459 Method and system for providing flexible financing | 1 | 2010 | |
| 8,005,756 Debit purchasing of stored value card for use by and/or delivery to others | 0 | 2010 | |
| 8,145,549 System and method for offering risk-based interest rates in a credit instutment | 2 | 2010 | |
| 8,326,694 Personalized interactive network architecture | 0 | 2011 | |
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| 6,097,811 Tree-based certificate revocation system | 68 | 1996 | |
| 5,793,868 Certificate revocation system | 81 | 1996 | |
| 5,717,758 Witness-based certificate revocation system | 66 | 1996 | |
| 5,960,083 Certificate revocation system | 69 | 1997 | |
| 6,301,659 Tree-based certificate revocation system | 47 | 1997 | |
| 7,337,315 Efficient certificate revocation | 8 | 2003 | |
| 7,353,396 Physical access control | 24 | 2003 | |
| 7,657,751 Efficient and secure data currentness systems | 1 | 2004 | |
| 7,529,928 Certificate revocation system | 2 | 2004 | |
| 7,660,994 Access control | 0 | 2004 | |
| 8,261,319 Logging access attempts to an area | 1 | 2004 | |
| 8,015,597 Disseminating additional data used for controlling access | 0 | 2004 | |
| 7,822,989 Controlling access to an area | 2 | 2004 | |
| 7,716,486 Controlling group access to doors | 3 | 2004 | |
| 7,600,129 Controlling access using additional data | 7 | 2004 | |
| 7,205,882 Actuating a security system using a wireless device | 12 | 2004 | |
| 7,966,487 Communication-efficient real time credentials for OCSP and distributed OCSP | 1 | 2005 | |
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| 8,083,134 System and method for new execution and management of financial and data transactions | 0 | 2006 | |
| 7,909,246 System and method for establishment of rules governing child accounts | 3 | 2006 | |
| 7,617,972 System and method for disputing individual items that are the subject of a transaction | 1 | 2006 | |
| 7,614,549 System and method for immediate issuance of transaction cards | 2 | 2006 | |
| 7,578,438 System and method for user selection of fraud detection rules | 3 | 2006 | |
| 8,061,597 System and method for disputing individual items that are the subject of a transaction | 1 | 2009 | |
| 8,413,896 System and method for new execution and management of financial and data transactions | 0 | 2010 | |
| 8,127,987 System and method for disputing individual items that are the subject of a transaction | 0 | 2011 | |
| 8,272,567 System and method for disputing individual items that are the subject of a transaction | 0 | 2012 | |
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| 7,702,916 Method and system for secure authentication | 2 | 2004 | |
| 7,527,208 Bank issued contactless payment card used in transit fare collection | 8 | 2006 | |
| 8,386,349 Verification of a portable consumer device in an offline environment | 0 | 2007 | |
| 8,346,639 Authentication of a data card using a transit verification value | 0 | 2007 | |
| 7,866,551 Dynamic payment device characteristics | 0 | 2008 | |
| 8,359,474 Method and system for secure authentication | 0 | 2010 | |
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| 5,970,471 Virtual catalog and product presentation method and apparatus | 306 | 1996 | |
| 6,131,088 Electronic catalog system and method | 77 | 1998 | |
| 6,029,142 Electronic catalog system and method | 70 | 1998 | |
| 7,908,173 Virtual catalog and product presentation method and apparatus | 2 | 2005 | |
| 7,908,176 Virtual catalog and product presentation method and apparatus | 2 | 2008 | |
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| 7,072,864 Customer activated multi-value (CAM) card | 79 | 2003 | |
| 7,086,586 System and method for a card payment program providing mutual benefits to card issuers and cardholders based on financial performance | 10 | 2004 | |
| 7,051,925 System and method for funding a collective account by use of an electronic tag | 85 | 2004 | |
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| 7,221,782 Method and apparatus for determining a dynamic range of a digital medical image | 0 | 1999 | |
| 6,704,440 Method and apparatus for processing a medical image containing clinical and non-clinical regions | 14 | 1999 | |
| 6,633,657 Method and apparatus for controlling a dynamic range of a digital diagnostic image | 18 | 1999 | |
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| 7,249,093 Method of and system for making purchases over a computer network | 19 | 1999 | |
| 7,318,048 Method of and system for authorizing purchases made over a computer network | 14 | 2000 | |
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| 5,679,938 Methods and systems for interactive check authorizations | 235 | 1994 | |
| 5,679,940 Transaction system with on/off line risk assessment | 285 | 1995 | |
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| 5,177,342 Transaction approval system | 223 | 1990 | |
| 5,384,449 Authorization matching system | 40 | 1992 | |
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| 5,231,569 Account transaction system | 208 | 1990 | |
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| 5,960,416 Real time subscriber billing at a subscriber location in an unstructured communication network | 161 | 1997 | |
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| 8,082,207 Scored negative file system and method | 0 | 2004 | |
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| 7,747,463 Debit purchasing of stored value card for use by and/or delivery to others | 9 | 2008 | |
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| 7,499,887 System and method for card processing with automated payment of club, merchant, and service provider fees | 7 | 2005 | |
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| 6,427,912 Off-line credit card transaction system and method for vending machines | 19 | 2000 | |
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| 5,340,969 Method and apparatus for approving transaction card based transactions | 96 | 1991 | |
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| 6,134,551 Method of caching digital certificate revocation lists | 99 | 1996 | |
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| 5,996,111 Identification sequence issuing device and identification sequence verification device | 3 | 1996 | |
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| 5,285,382 System and method for processing credit and debit card validity and funds transactions from vending machines and similar terminals | 96 | 1991 | |
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| 6,377,938 Real time subscriber billing system and method | 63 | 1997 | |
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| 5,103,079 System for controlling the use of portable data media | 48 | 1989 | |
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| 6,014,635 System and method for providing a discount credit transaction network | 146 | 1997 | |
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| 6,260,026 Credit card information management system | 105 | 1997 | |
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| 8,376,227 Smart sign mobile transit fare payment | 0 | 2012 | |
Maintenance Fees
| Fee | Large entity fee | small entity fee | micro entity fee | due date |
|---|
| Fee | Large entity fee | small entity fee | micro entity fee |
|---|---|---|---|
| Surcharge after expiration - Late payment is unavoidable | $700.00 | $350.00 | $175.00 |
| Surcharge after expiration - Late payment is unintentional | $1,640.00 | $820.00 | $410.00 |