Patents Assigned to GE Capital
  • Patent number: 5991750
    Abstract: An account processing method and system for providing specific pre-authorization parameters for categories of transactions that would otherwise be completely denied authorization using only general authorization parameters. Upon establishment of an account, certain categories of transactions are specified as needing specific authorization prior to approving the transaction as requested by a merchant. An account issuer provides a service to account members that permits an account manager to independently specify the parametric conditions under which to approve a transaction within such categories. The account manager may also specify a transaction identifier such as a purchase order, work order or insurance claim number to associate with the required transaction parameters.
    Type: Grant
    Filed: October 24, 1997
    Date of Patent: November 23, 1999
    Assignee: GE Capital
    Inventor: Craig Watson