Patent ID: 7319986
Filing Date: 2008-01-15
Classification: G06Q,G07F

Abstract:
1. A method for operating a server-based system to provide dynamic management of payment mechanisms, comprising: receiving at one or more server systems a over an electronic communication path request from within a purchasing entity to make available certain purchasing capabilities to provide pre-approved purchasing authority with respect to a payment mechanism; communicating, prior to a purchase associated with the payment mechanism, from the one or more server systems to a payment card processing system at a payment card processor to obtain information representing approval parameters associated with the payment mechanism, the payment card processing system being a system that processes transactions initiated using the payment mechanism based upon approval parameters associated with the payment mechanism, the approval parameters being stored by the payment card processing system; sending from the one or more server systems to the payment card processing system adjustment instructions to adjust the approval parameters for the payment mechanism so that the purchasing capabilities to provide the pre-approved purchasing authority are available prior to the purchase; receiving at the one or more server systems over the electronic communication path transaction data associated with a transaction completed using the payment mechanism and generating by an automated procedure a synthesized purchase request filled out with the transaction data received from the payment card processing system to be submitted to a purchasing management system for approval according to purchasing policies for the purchasing entity as if the purchase request was submitted prior to the transaction; and sending from the one or more server systems to the payment card processing system adjustment instructions to reset the approval parameters at the card processor after the purchase.