Patent ID: 7567934
Filing Date: 2009-07-28
Classification: G06Q,G07F

Abstract:
1. In a financial transaction system for use with at least one limited use credit card number, which is limited in use by a limited use credit card number issuer, by a customer of the limited use credit card number issuer, and by a user of the limited use credit card number, and which is associated with an account of the customer, a method of controlling the authorization for use of the limited use credit card number comprising the steps of: issuing a limited use credit card number for use by a user in a limited use credit card number transaction, the limited use credit card number constituting a different number than the account of the customer and functioning as an authorized substitute for the account of the customer in a credit card transaction; receiving information communicated by the customer to the limited use credit card number issuer to establish limitations on the use of the limited use credit card number before the limited use credit card number can be used in a transaction by said user; authorizing transactions which meet said established limitations and denying other transactions by comparing an attempted use of the limited use credit card number to the limitations on use established by the customer and with the associated account as limited by the card issuer; and debiting said associated account of the customer by an amount of an authorized transaction of the user using the limited use credit card number.