AUTHORIZING TRANSACTIONS USING MOBILE DEVICE BASED RULES

摘要

Rules relating to the authorization of contactless payment transactions may be stored on a mobile device. After provision of contactless payment credentials to a merchant, the mobile device receives a query relating to the authorization of the transaction. The transaction details contained in the query are compared to the rules stored on the mobile device. Depending on the relevant rule applicable, the transaction may either be approved or rejected automatically, or may require user authorization. Depending on input received from the user in response to a prompt therefore, the transaction will be authorized or rejected.