05914472 is referenced by 545 patents and cites 6 patents.

A system and method for allowing a parent to control the use of an ancillary credit or debit transaction card which is issued to a child. A central computer communicates with an issuer computer having a data base containing account information and spending limits for the transaction card and the parent can set a spending limit for the ancillary card given to the child. When the child presents the ancillary transaction card to a merchant in payment of merchandise, the merchant swipes the card and contacts a central computer for card authorization. If the credit limit of the ancillary card holder has been exceeded according to the data base, a method of contacting the parent is transmitted to the central computer. The central computer initiates contact with the parent via two-way communications, for example, two way pager, cellular telephone, or other personal communication service, and queries the parent whether to authorize the transaction by increasing the spending limit of the ancillary cardholder or refusal of the transaction. The parent responds to the central computer via the two-way communications device, and the central computer forwards an approval/refusal code to the merchant. In this manner, a parent can control the maximum transaction card spending by a child.

Title
Credit card spending authorization control system
Application Number
8/936002
Publication Number
5914472
Application Date
September 23, 1997
Publication Date
June 22, 1999
Inventor
Robert S Westrich
Middletown
NJ, US
Shaoqing Wang
Middletown
NJ, US
David Phillip Silverman
Somerville
NJ, US
Dominick Gorini
Long Valley
NJ, US
Shelley B Goldman
East Brunswick
NJ, US
Mark Jeffrey Foladare
Kendall Park
NJ, US
Assignee
AT&T
NJ, US
IPC
H04M 11/00
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