Systems and methods for use in verifying recurring transactions to payment accounts

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United States of America Patent

PATENT NO 11797989
APP PUB NO 20190180277A1
SERIAL NO

16275434

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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Systems and methods are provided for verifying recurring transactions to payment accounts. One exemplary method includes initially receiving an authorization request for a transaction to a payment account and involving a merchant, where the authorization request includes a recurring payment indicator. The method also generally includes transmitting, by at least one computing device, a verification request to a consumer associated with the payment account, and inhibiting, by the at least one computing device, at least one or authorization or clearing of the transaction until a verification of the transaction, based on a direction from the consumer, is recognized, whereby the consumer is able to verify the transaction before the transaction is cleared.

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Patent Owner(s)

  • MASTERCARD INTERNATIONAL INCORPORATED

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Vienravee, Brian St. Louis, US 3 13

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