G - Physics – 06 – Q
Patent
G - Physics
06
Q
G06Q 20/24 (2012.01) G06Q 20/40 (2012.01)
Patent
CA 2735597
In general terms, embodiments of the present invention relate to methods and apparatuses for providing over limit protection and/or for determining authorization decisions for over limit transactions. For example, some embodiments of the present invention are configured to: (a) receive a request to authorize a transaction involving a credit account, (b) determine that the credit account will incur an overage as a result of the transaction, and (c) authorize the transaction based at least partially on a determination that the credit account has over limit protection through a source account. As another example, other embodiments of the present invention are additionally or alternatively configured to: (a) determine that a credit account has incurred, or will incur, an overage as a result of a transaction, and (b) transfer funds from a source account to the credit account in an amount sufficient to offset the overage.
Griffin Maura L.
Lomax Harry Guiton
Bank Of America Corporation
Ridout & Maybee Llp
LandOfFree
Over limit protection does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Over limit protection, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Over limit protection will most certainly appreciate the feedback.
Profile ID: LFCA-PAI-O-1824762