Patent ID: 8370254
Filing Date: 2013-02-05
Classification: G06K,G06Q

Abstract:
1. A system for authorizing vehicle based transactions comprising: at least one subsystem that maintains a database of accounts, each account associated with a vehicle, said database including credit card accounts and secured available credit accounts; at least one subsystem that receives a transaction to debit a secured available credit account, said transaction related to said vehicle and said transaction selectively identifying said secured available credit account related to said vehicle in preference to a credit card account related to said vehicle; at least one subsystem that determines whether secured available credit is available from said secured available credit account and authorizes said transaction when secured available credit is available; and at least one subsystem that transmits information regarding whether secured available credit is available and whether said transaction has been authorized to a vehicle identification card associated with said vehicle, and said vehicle identification card associated with said secured available credit account and associated with said credit card account.