US Patent No: 4,943,707

Number of patents in Portfolio can not be more than 2000

Transaction approval system

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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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

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Patent Owner(s)

Patent OwnerAddressTotal Patents
VISA INTERNATIONAL SERVICE ASSOCIATIONSAN FRANCISCO, CA261

International Classification(s)

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  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Boggan, Elvis W Concord, CA 6 1050

Cited Art Landscape

Patent Info (Count) # Cites Year
 
IMPERIAL OIL LIMITED (1)
4,558,211 Transaction terminal system 54 1983
 
INTERNATIONAL BUSINESS MACHINES CORPORATION (1)
4,186,871 Transaction execution system with secure encryption key storage and communications 113 1978
 
Other [Check patent profile for assignment information] (2)
4,472,626 Information and protection system for checks and credit cards 26 1982
4,679,236 Identification verification method and system 62 1984

Patent Citation Ranking

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Patent Info (Count) # Cites Year
 
JPMORGAN CHASE BANK, N.A. (77)
7,370,004 Personalized interactive network architecture 49 2000
7,433,829 System and method for managing global risk 7 2001
7,512,566 System and method for using a stored value account having subaccount feature 10 2001
7,809,641 System and method for funding a collective account 10 2002
7,860,789 Multiple account advanced payment card and method of routing card transactions 12 2002
7,165,049 Sponsor funded stored value card 101 2002
7,801,816 System and method for currency selectable stored value instrument 2 2003
8,239,304 Method and system for providing pre-approved targeted products 1 2003
8,751,391 System and process for performing purchase transactions using tokens 0 2003
7,676,425 Method and system for providing flexible financing 24 2003
8,306,907 System and method for offering risk-based interest rates in a credit instrument 2 2003
7,953,663 System and method for financial instrument pre-qualification and offering 5 2003
7,809,595 System and method for managing risks associated with outside service providers 6 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 47 2003
7,707,111 Customer activated multi-value (CAM) card 32 2004
7,349,866 System and method for funding a collective account by use of an electronic tag 40 2004
7,363,273 Debit purchasing of stored value card for use by and/or delivery to others 22 2004
7,174,314 Debit purchasing of stored value card for use by and/or delivery to others 23 2004
7,174,315 Debit purchasing of stored value card for use by and/or deliveries to others 61 2004
7,174,316 Debit purchasing of stored value card for use by and/or delivery to others 24 2004
7,174,317 Debit purchasing of stored value card for use by and/or delivery to others 41 2004
7,171,388 Debit purchasing of stored value card for use by and/or delivery to others 22 2004
7,191,952 Selectable multi-purpose card 96 2004
8,630,898 Stored value card provided with merchandise as rebate 0 2005
7,756,896 System and method for multi-dimensional risk analysis 33 2005
7,660,763 Customer activated multi-value (CAM) card 20 2005
7,263,507 Customer activated multi-value (CAM) card 46 2005
7,401,731 Method and system for implementing a card product with multiple customized relationships 80 2005
7,801,799 Customer activated multi-value (CAM) card 5 2005
8,719,085 System and method for administering a brokerage rebate card program 0 2006
7,941,355 Universal payment protection 5 2006
7,809,642 Debit purchasing of stored value card for use by and/or delivery to others 5 2006
7,591,416 Selectable multi-purpose card 45 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 28 2006
7,306,141 System and method for funding a collective account by use of an electronic tag 28 2006
7,784,682 System and method for granting promotional rewards to both customers and non-customers 4 2006
7,260,549 Method and system for managing risk 31 2006
8,781,905 System and method for transponder-enabled account transactions 0 2006
7,505,918 Method and system for managing risks 3 2006
7,360,693 System and method for a card benefit program providing benefits to program members based on program performance 34 2006
7,753,259 System and method for granting promotional rewards to both customers and non-customers 39 2006
7,357,331 Selectable multi-purpose card 53 2006
7,603,283 Method and system for managing risk 4 2007
7,805,368 Debit purchasing of stored value card for use by and/or delivery to others 4 2007
7,818,253 Debit purchasing of stored value card for use by and/or delivery to others 5 2007
8,020,754 System and method for funding a collective account by use of an electronic tag 4 2007
8,800,857 System and method for crediting loyalty program points and providing loyalty rewards by use of an electronic tag 0 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 1 2007
7,809,643 Debit purchasing of stored value card for use by and/or delivery to others 4 2007
7,949,574 Personalized interactive network architecture 2 2007
8,676,642 System and method for granting promotional rewards to financial account holders 0 2008
7,747,463 Debit purchasing of stored value card for use by and/or delivery to others 26 2008
8,533,111 System and method for providing promotional pricing 0 2008
7,890,422 Multiple account advanced payment card and method of routing card transactions 15 2008
8,245,909 Method and system for implementing a card product with multiple customized relationships 2 2008
D602522 Transaction device 43 2008
8,725,611 System and method for providing borrowing schemes 0 2009
8,554,652 System and method for providing borrowing schemes 0 2009
8,078,528 System and method for providing borrowing schemes 12 2009
7,926,711 System and method for granting promotional rewards to both customers and non-customers 9 2009
8,190,522 System and method for providing borrowing schemes 1 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
8,645,265 System and method for card processing with automated payment of club, merchant, and service provider fees 0 2010
8,005,756 Debit purchasing of stored value card for use by and/or delivery to others 1 2010
8,145,549 System and method for offering risk-based interest rates in a credit instutment 2 2010
8,517,258 System and method for granting promotional rewards to both customers and non-customers 0 2011
8,326,694 Personalized interactive network architecture 0 2011
8,538,876 System and method for providing borrowing schemes 0 2012
8,463,681 Method and system for distribution of unactivated bank account cards 0 2012
8,469,265 Method and system for implementing a card product with multiple customized relationships 0 2012
8,706,625 System and method for providing borrowing schemes 0 2013
8,533,086 Variable rate payment card 0 2013
8,752,759 Method and system for implementing a card product with multiple customized relationships 0 2013
 
ASSA ABLOY AB (19)
6,097,811 Tree-based certificate revocation system 79 1996
5,793,868 Certificate revocation system 99 1996
5,717,758 Witness-based certificate revocation system 87 1996
5,960,083 Certificate revocation system 92 1997
6,301,659 Tree-based certificate revocation system 65 1997
8,732,457 Scalable certificate validation and simplified PKI management 0 2002
7,337,315 Efficient certificate revocation 13 2003
7,353,396 Physical access control 38 2003
7,657,751 Efficient and secure data currentness systems 5 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 3 2004
8,015,597 Disseminating additional data used for controlling access 2 2004
7,822,989 Controlling access to an area 12 2004
7,716,486 Controlling group access to doors 5 2004
7,600,129 Controlling access using additional data 9 2004
7,205,882 Actuating a security system using a wireless device 16 2004
8,707,030 Distributed delegated path discovery and validation 0 2004
7,966,487 Communication-efficient real time credentials for OCSP and distributed OCSP 4 2005
 
VISA U.S.A. INC. (13)
7,702,916 Method and system for secure authentication 3 2004
8,523,069 Mobile transit fare payment 3 2006
7,527,208 Bank issued contactless payment card used in transit fare collection 24 2006
8,386,349 Verification of a portable consumer device in an offline environment 3 2007
8,346,639 Authentication of a data card using a transit verification value 0 2007
8,738,485 Contactless prepaid product for transit fare collection 0 2007
7,866,551 Dynamic payment device characteristics 1 2008
8,733,663 Mobile phone containing contactless payment card used in transit fare collection 0 2009
8,688,554 Bank issued contactless payment card used in transit fare collection 0 2009
8,359,474 Method and system for secure authentication 0 2010
8,700,513 Authentication of a data card using a transit verification value 0 2012
8,712,892 Verification of a portable consumer device in an offline environment 0 2013
8,827,156 Mobile payment device 0 2013
 
SERVE VIRTUAL ENTERPRISES, INC. (10)
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 4 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 9 2006
8,061,597 System and method for disputing individual items that are the subject of a transaction 3 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
8,469,268 System and method for disputing individual items that are the subject of a transaction 0 2012
 
Charles E. Hill & Associates, Inc. (5)
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7,908,176 Virtual catalog and product presentation method and apparatus 4 2008
 
E2INTERACTIVE, INC. D/B/A E2INTERACTIVE, INC. (5)
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8,655,309 Systems and methods for electronic device point-of-sale activation 0 2010
8,751,294 Processing value-ascertainable items 0 2012
 
BANK ONE, DELAWARE, NATIONAL ASSOCIATION (3)
7,072,864 Customer activated multi-value (CAM) card 125 2003
7,086,586 System and method for a card payment program providing mutual benefits to card issuers and cardholders based on financial performance 18 2004
7,051,925 System and method for funding a collective account by use of an electronic tag 103 2004
 
GENERAL ELECTRIC COMPANY (3)
7,221,782 Method and apparatus for determining a dynamic range of a digital medical image 1 1999
6,704,440 Method and apparatus for processing a medical image containing clinical and non-clinical regions 16 1999
6,633,657 Method and apparatus for controlling a dynamic range of a digital diagnostic image 20 1999
 
J.P. MORGAN CHASE & CO. (2)
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8,700,529 Mutual fund card method and system 0 2006
 
MASTERCARD INTERNATIONAL INCORPORATED (2)
7,249,093 Method of and system for making purchases over a computer network 30 1999
7,318,048 Method of and system for authorizing purchases made over a computer network 25 2000
 
TELECHECK INTERNATIONAL, INC. (2)
5,679,938 Methods and systems for interactive check authorizations 287 1994
5,679,940 Transaction system with on/off line risk assessment 345 1995
 
VISA INTERNATIONAL SERVICE ASSOCIATION (2)
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5,384,449 Authorization matching system 54 1992
 
ASSOCIATES COMMERCE SOLUTIONS, INC. (1)
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BLOCK PATENTS, INC. (1)
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CHASE MAHATTAN BANK USA, NATIONAL ASSOCIATION (1)
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COIN ACCEPTORS, INC. (1)
6,427,912 Off-line credit card transaction system and method for vending machines 26 2000
 
DRESSER INDUSTRIES, INC. (1)
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FIRST USA MANAGEMENT SERVICES, INC. (1)
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INTEL CORPORATION (1)
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Real-Time Billing, Inc. (1)
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SHC Direct, Inc. (1)
6,014,635 System and method for providing a discount credit transaction network 208 1997
 
TADASHI ETOH (INDIVIDUAL) (1/2 OF RIGHT) (1)
6,260,026 Credit card information management system 122 1997
 
Other [Check patent profile for assignment information] (1)
8,376,227 Smart sign mobile transit fare payment 3 2012