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Credit and Debit Card Purchase Monitor

IP.com Disclosure Number: IPCOM000198566D
Publication Date: 2010-Aug-09
Document File: 3 page(s) / 57K

Publishing Venue

The IP.com Prior Art Database

Abstract

This invention would monitor all purchases conducted over the Internet using a credit or debit card and capture critical information to help the consumer identify the item purchased and/or determine if the charges are fraudulent. In addition, this invention would monitor the 'fine print' on Web sites that automatically cause the user to opt in to additional services and charges.

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Credit and Debit Card Purchase Monitor

It is very common for cardholders to receive credit card bills or debit card statements that contain charges which are not recognized by the recipient. This can be caused by forgetfulness, stolen credit card numbers, or purchases charged to a company that handles billing and may be affiliated with one whose name is associated with a recently purchased product or service . If the charges are fraudulent, the consumer would like to be able to determine when and how the card number was stolen, especially if it resulted from a Web purchase. Credit card numbers stolen via Internet activity might be evidence of a Trojan or virus on either the Web site or the customer computer.

    This invention would monitor all purchases conducted over the Internet using a credit or debit card and capture critical information to help the consumer identify the item purchased and/or determine if the charges are fraudulent. In addition, this invention would monitor the 'fine print' on Web sites that automatically cause the user to opt in to additional services and charges. Charges that appear periodically (e.g. weekly or monthly) would be flagged as well as the expiration of any trial periods for services that now require payments. If the funds are being sent to an establishment outside the user home country, this too would be flagged with a summary report would be provided periodically or on demand. The user would also be warned if the same item or service was purchased more then once in a designated time period (e.g. 24 hours), because this might indicate the user had a problem with the Web site and did not realize the user's initial order was actually processed.

One possible embodiment of this invention is as follows:

    
A Web plug-in would be exploited to monitor user input to Web sites and would capture certain information when it recognized a purchase transaction, a down load, or a request for a service is in progress. and/or when a credit card number was entered as input. For example, if the plug-in detected the words shop, shopping cart, cart, order, trial offer, buy, get now, free trial offer, reservation, reserve, down load, deal, sale, seller, etc.

    The following is among the fields that would be captured for any purchase or any time a credit card number is provided
User Name
Date
Product Name
Product description or picture
Price
Quantity
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