System and method for controlling usage of a payment card

Details System and method for controlling usage of a payment card System and method for controlling usage of a payment card

G - Physics

06

Q

G06Q 20/00 (2006.01)

Patent

CA 2623846

A system and method for controlling usage of a payment card by a cardholder using a cardholder telephony device is provided. The cardholder registers the payment card and the cardholder telephony device and defines cardholder default limits for the card. During subsequent usage of the card, an authorization computing device connected to the cardholder telephony device by a network verifies that the default limits for the card are not exceeded. If the default limits are exceeded, then a cardholder authorization for the usage of the card must be provided by the cardholder form the cardholder telephony device. The cardholder may also pre-authorize usage of the card in excess of the default limits.

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