CPC G06Q 20/351 (2013.01) [G06Q 20/3567 (2013.01); G06Q 20/3572 (2013.01); G06Q 20/4097 (2013.01)] | 20 Claims |
1. A system, comprising:
a server, comprising:
a processor in data communication with a database storing account data, and
a memory; and
a card reader configured to:
determine that a card associated with an account is forgotten, wherein determining that the card is forgotten comprises:
receiving, by the card reader, a signal that the card is in a slot of the card reader, and
identifying, by the card reader, the absence of activity for a predetermined time period,
generate a notification identifying the card forgotten, and
transmit the notification to the server,
wherein, upon receipt of the notification, the server is configured to:
disable the card,
generate a virtual card associated with the account,
generate partner identifying information,
identify a set of authorized transaction partners by applying a machine learning algorithm to the partner identifying information,
identify a set of selected transaction partners comprising at least one transaction partner selected by a user associated with the account, and
limit the use of the virtual card to transactions involving an authorized transaction partner or a selected transaction partner.
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