PROVIDING APPLICATION NOTIFICATION FOR COMPUTING APPLICATION LIMITATIONS

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PROVIDING APPLICATION NOTIFICATION FOR COMPUTING APPLICATION LIMITATIONS - A simplified explanation of the abstract

This abstract first appeared for US patent application 18148979 titled 'PROVIDING APPLICATION NOTIFICATION FOR COMPUTING APPLICATION LIMITATIONS

Simplified Explanation: The patent application describes systems and methods for providing application notifications for computing application limitations, particularly in the context of online transactions.

Key Features and Innovation:

Enforcing electronic transaction processing limits through monitoring operations.
Setting and enforcing spending limits in software applications.
Allowing users to configure limitations through adjustable application icons and interfaces.

Potential Applications: This technology could be applied in various online transaction platforms, e-commerce websites, and mobile payment applications to enhance security and control over spending limits.

Problems Solved: This technology addresses the issues of overspending, unauthorized transactions, and potential fraud in online transactions by providing users with the ability to set and enforce limits.

Benefits:

Improved security in online transactions.
Enhanced control over spending limits.
Prevention of unauthorized transactions and potential fraud.

Commercial Applications: The technology could be utilized by online payment processors, e-commerce platforms, and financial institutions to offer users a secure and controlled online transaction experience.

Prior Art: Readers can explore prior art related to online transaction processing limits, electronic payment systems, and software applications for monitoring and enforcing spending limits.

Frequently Updated Research: Stay updated on research related to online transaction security, electronic payment processing, and user control over spending limits to enhance understanding and application of this technology.

Questions about Online Transaction Processing Limits: 1. How does this technology improve security in online transactions? 2. What are the potential commercial applications of this technology?

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Original Abstract Submitted

There are provided systems and methods for providing application notifications for computing application limitations. A user may engage in a transaction with another user, such as a purchase of goods, services, or other items a merchant using a payment account and/or payment card, such as through a software application. An online transaction processor may provide a monitoring operation to enforce an electronic transaction processing limit on use of one or more account and/or payment limitations via the application. This limit may correspond to a processing limit or throttle, which may limit use of a spending limit in the application below a maximum amount of usage allowed. When the limit is utilized, the online transaction processor may determine that the throttle is approved or violated and may allow a user to configure such limitation through slidable and/or adjustable application icons and interfaces.