Abstract
The present disclosure relates to a method of preventing unauthorized high value purchases by fraudsters when payment card credentials are compromised. This is performed by controlling an available credit limit or balance of the payment card of a cardholder through a rolling window. The method includes adding a feature to a card issuing bank or institution’s net banking account that may allow the cardholder to set a fixed available rolling credit limit or balance window for the cardholder’s payment card transactions. Further, the method may allow the cardholder to set the rolling availability of credit limit feature to an ON state or an OFF state. In the ON state, the cardholder may make a transaction that is limited to the amount set in the rolling availability of credit limit. In the OFF state, payment up to a total available credit limit or balance may be made i.e., the cardholder may make a transaction that may equal the total available balance in the cardholder’s account.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Recommended Citation
ROY, ALOK, "ROLLING AVAILABILITY OF PAYMENT CARD CREDIT LIMIT TO PREVENT FRAUDULENT CARD TRANSACTIONS", Technical Disclosure Commons, (September 01, 2023)
https://www.tdcommons.org/dpubs_series/6217