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, CA373

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 1125

Cited Art Landscape

Patent Info (Count) # Cites Year
 
Other [Check patent profile for assignment information] (2)
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* 4,679,236 Identification verification method and system 64 1984
 
IMPERIAL OIL LIMITED (1)
* 4,558,211 Transaction terminal system 61 1983
* Cited By Examiner

Patent Citation Ranking

Forward Cite Landscape

Patent Info (Count) # Cites Year
 
Other [Check patent profile for assignment information] (6)
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* 2010/0217,999 METHOD AND SYSTEM FOR SECURE AUTHENTICATION 1 2010
* 2011/0186,626 DYNAMIC PAYMENT DEVICE CHARACTERISTICS 0 2010
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8,376,227 Smart sign mobile transit fare payment 17 2012
 
HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP (2)
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FIRST USA MANAGEMENT SERVICES, INC. (1)
8,793,160 System and method for processing transactions 0 2003
 
VISA INTERNATIONAL SERVICE ASSOCIATION (3)
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SCHLUMBERGER INDUSTRIES, S.A. (1)
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9,256,867 Delivery of value identifiers using short message service (SMS) 0 2008
8,489,478 Virtual terminal for payment processing 0 2010
8,655,309 Systems and methods for electronic device point-of-sale activation 1 2010
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RYSIX HOLDINGS LLC (2)
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Visa U.S.A. Inc. (26)
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7,527,208 Bank issued contactless payment card used in transit fare collection 36 2006
* 2008/0128,513 BANK ISSUED CONTACTLESS PAYMENT CARD USED IN TRANSIT FARE COLLECTION 34 2006
8,386,349 Verification of a portable consumer device in an offline environment 9 2007
8,346,639 Authentication of a data card using a transit verification value 3 2007
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* 2008/0203,152 AUTHENTICATION OF A DATA CARD USING A TRANSIT VERIFICATION VALUE 27 2007
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* 2008/0208,681 PAYMENT USING A MOBILE DEVICE 154 2008
* 2010/0027,786 DYNAMIC ENCRYPTION AUTHENTICATION 3 2008
7,866,551 Dynamic payment device characteristics 1 2008
* 2008/0197,201 DYNAMIC PAYMENT DEVICE CHARACTERISTICS 8 2008
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8,688,554 Bank issued contactless payment card used in transit fare collection 5 2009
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8,359,474 Method and system for secure authentication 0 2010
8,931,691 Dynamic payment device characteristics 0 2010
8,700,513 Authentication of a data card using a transit verification value 2 2012
8,712,892 Verification of a portable consumer device in an offline environment 3 2013
8,827,156 Mobile payment device 0 2013
9,213,977 Authentication of a data card using a transit verification value 0 2014
9,495,672 Mobile device containing contactless payment card used in transit fare collection 0 2014
9,373,115 Contactless prepaid product for transit fare collection 0 2014
 
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ASSA ABLOY AB (26)
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6,301,659 Tree-based certificate revocation system 93 1997
8,732,457 Scalable certificate validation and simplified PKI management 1 2002
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7,337,315 Efficient certificate revocation 21 2003
7,353,396 Physical access control 55 2003
7,657,751 Efficient and secure data currentness systems 6 2004
7,529,928 Certificate revocation system 2 2004
* 2005/0055,548 Certificate revocation system 24 2004
7,660,994 Access control 0 2004
* 2005/0010,783 Access control 25 2004
8,261,319 Logging access attempts to an area 5 2004
8,015,597 Disseminating additional data used for controlling access 7 2004
7,822,989 Controlling access to an area 21 2004
7,716,486 Controlling group access to doors 10 2004
7,600,129 Controlling access using additional data 13 2004
* 2005/0055,567 Controlling access to an area 27 2004
7,205,882 Actuating a security system using a wireless device 25 2004
* 2006/0097,843 Actuating a security system using a wireless device 1 2004
8,707,030 Distributed delegated path discovery and validation 0 2004
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7,966,487 Communication-efficient real time credentials for OCSP and distributed OCSP 8 2005
* 2005/0154,879 Batch OCSP and batch distributed OCSP 21 2005
 
JPMORGAN CHASE BANK, N.A. (79)
7,370,004 Personalized interactive network architecture 70 2000
7,433,829 System and method for managing global risk 11 2001
7,512,566 System and method for using a stored value account having subaccount feature 12 2001
7,809,641 System and method for funding a collective account 13 2002
7,860,789 Multiple account advanced payment card and method of routing card transactions 15 2002
7,165,049 Sponsor funded stored value card 107 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 3 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 7 2003
7,809,595 System and method for managing risks associated with outside service providers 11 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 54 2003
7,707,111 Customer activated multi-value (CAM) card 35 2004
7,349,866 System and method for funding a collective account by use of an electronic tag 44 2004
7,363,273 Debit purchasing of stored value card for use by and/or delivery to others 25 2004
7,174,314 Debit purchasing of stored value card for use by and/or delivery to others 26 2004
7,174,315 Debit purchasing of stored value card for use by and/or deliveries to others 67 2004
7,174,316 Debit purchasing of stored value card for use by and/or delivery to others 27 2004
7,174,317 Debit purchasing of stored value card for use by and/or delivery to others 51 2004
7,171,388 Debit purchasing of stored value card for use by and/or delivery to others 25 2004
7,191,952 Selectable multi-purpose card 110 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 37 2005
7,660,763 Customer activated multi-value (CAM) card 20 2005
7,263,507 Customer activated multi-value (CAM) card 54 2005
7,401,731 Method and system for implementing a card product with multiple customized relationships 96 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 1 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 59 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 29 2006
7,306,141 System and method for funding a collective account by use of an electronic tag 29 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 5 2006
7,360,693 System and method for a card benefit program providing benefits to program members based on program performance 41 2006
7,753,259 System and method for granting promotional rewards to both customers and non-customers 45 2006
7,357,331 Selectable multi-purpose card 57 2006
7,603,283 Method and system for managing risk 6 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 5 2007
8,800,857 System and method for crediting loyalty program points and providing loyalty rewards by use of an electronic tag 1 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 9 2007
8,676,642 System and method for granting promotional rewards to financial account holders 2 2008
7,747,463 Debit purchasing of stored value card for use by and/or delivery to others 29 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 23 2008
8,245,909 Method and system for implementing a card product with multiple customized relationships 2 2008
D602522 Transaction device 58 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 34 2009
9,240,089 Systems and methods for time variable financial authentication 0 2009
7,926,711 System and method for granting promotional rewards to both customers and non-customers 10 2009
8,190,522 System and method for providing borrowing schemes 3 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 2 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 7 2011
8,326,694 Personalized interactive network architecture 3 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 1 2013
8,925,802 Method and system for implementing a card product with multiple customized relationships 0 2014
 
BLOCK PATENTS, INC. (1)
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CHASE MAHATTAN BANK USA, NATIONAL ASSOCIATION (1)
7,499,887 System and method for card processing with automated payment of club, merchant, and service provider fees 7 2005
 
METAVANTE CORPORATION (2)
* 2007/0288,313 E-Coupon System and Method 30 2007
* 2009/0106,115 E-Coupon Settlement and Clearing Process 54 2008
 
GENERAL ELECTRIC COMPANY (3)
7,221,782 Method and apparatus for determining a dynamic range of a digital medical image 2 1999
6,704,440 Method and apparatus for processing a medical image containing clinical and non-clinical regions 18 1999
6,633,657 Method and apparatus for controlling a dynamic range of a digital diagnostic image 23 1999
 
SHC Direct, Inc. (1)
* 6,014,635 System and method for providing a discount credit transaction network 232 1997
 
REVOLUTION MONEY INC. (2)
* 2010/0280,910 SYSTEM AND METHOD FOR DISPUTING INDIVIDUAL ITEMS THAT ARE THE SUBJECT OF A TRANSACTION 0 2009
* 2010/0325,053 SYSTEM AND METHOD FOR NEW EXECUTION AND MANAGEMENT OF FINANCIAL AND DATA TRANSACTIONS 2 2010
 
DRESSER INDUSTRIES, INC. (1)
* 5,340,969 Method and apparatus for approving transaction card based transactions 117 1991
 
J.P. MORGAN CHASE & CO (2)
8,612,341 Computerized funding of a second financial account by a first financial card 0 2004
8,700,529 Mutual fund card method and system 0 2006
 
ASSOCIATES COMMERCE SOLUTIONS, INC. (1)
* 5,231,569 Account transaction system 276 1990
 
Coin Acceptors, Inc. (1)
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CERTEGY CHECK SERVICES, INC. (2)
8,082,207 Scored negative file system and method 2 2004
* 2005/0283,429 Scored negative file system and method 28 2004
 
FIRST DATA CORPORATION (2)
* 5,679,938 Methods and systems for interactive check authorizations 324 1994
* 5,679,940 Transaction system with on/off line risk assessment 385 1995
 
Real-Time Billing, Inc. (1)
6,377,938 Real time subscriber billing system and method 82 1997
 
TADASHI ETOH (INDIVIDUAL) (1/2 OF RIGHT) (1)
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BANK ONE, DELAWARE, NATIONAL ASSOCIATION (4)
7,072,864 Customer activated multi-value (CAM) card 144 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 110 2004
* 2006/0206,402 System and method for a rebate reward 46 2006
 
INTEL CORPORATION (1)
* 6,134,551 Method of caching digital certificate revocation lists 143 1996
 
MITSUBISHI DENKI KABUSHIKI KAISHA (1)
* 5,996,111 Identification sequence issuing device and identification sequence verification device 3 1996
 
Charles E. Hill & Associates, Inc. (5)
* 5,970,471 Virtual catalog and product presentation method and apparatus 358 1996
* 6,131,088 Electronic catalog system and method 140 1998
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7,908,173 Virtual catalog and product presentation method and apparatus 11 2005
7,908,176 Virtual catalog and product presentation method and apparatus 10 2008
 
AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. (13)
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 18 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 4 2006
7,578,438 System and method for user selection of fraud detection rules 11 2006
* 2008/0110,980 System and Method for Establishment of Rules Governing Child Accounts 5 2008
9,208,485 System and method for facilitating online transactions 0 2008
8,061,597 System and method for disputing individual items that are the subject of a transaction 4 2009
8,413,896 System and method for new execution and management of financial and data transactions 1 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
9,010,633 System and method for new execution and management of financial and data transactions 0 2013
* Cited By Examiner