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Secondary purchase card for financial transactions (“cap card”)

  • US 10,387,853 B1
  • Filed: 01/19/2010
  • Issued: 08/20/2019
  • Est. Priority Date: 01/19/2010
  • Status: Active Grant
First Claim
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1. A computer-implemented method for managing financial resources of purchase cards for a customer of a financial institution, the method comprising:

  • activating, with a purchase card transaction system including an electronic computer system and at least one electronic memory storage device, a primary purchase card for the customer of the financial institution, wherein the primary purchase card is associated with at least one account of the financial institution;

    activating at least one secondary purchase card for the customer with the purchase card transaction system in addition to the primary purchase card, wherein the secondary purchase card is linked to the primary purchase card and to at least one of the same accounts of the financial institution associated with the primary purchase card;

    configuring a rule for the secondary purchase card with the purchase card transaction system, wherein the at least one rule governs a purchase limit for the secondary purchase card for purchase transactions, wherein;

    the purchase limit of the secondary purchase card includes a virtual stop rule for providing a warning to the customer when the purchase limit has been reached while permitting the customer to continue using the secondary purchase card for purchase transactions once the purchase limit is reached; and

    when the purchase limit is reached during a purchase transaction, the secondary purchase card draws an amount that is a difference between an amount of a purchase transaction and an amount available on the secondary purchase card from the at least one account;

    configuring a rule for the secondary purchase card for adding a first preset replenishment amount to the then current balance of the secondary purchase card according to an automatic replenishment schedule, wherein the first preset replenishment amount of the secondary purchase card is automatically adjusted to a second preset replenishment amount in response to an actual use history of the secondary purchase card as tracked by the financial institution, wherein the second preset replenishment amount is a monetary sum of purchase transactions for a period of time that occurred in the past;

    wherein replenishment comprises cash or money to be flowed into the financial account associated with the secondary purchase card.

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