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

• Current Assignee: The PNC Financial Services Group, Inc.
• Original Assignee: The PNC Financial Services Group, Inc.
• Inventors: Ley, Michael Scott, Johns, Christine, Mackrell, Bryan L., Chapman, Michael Aaron, Ko, Hyun Jin
• Primary Examiner(s): Apple, Kirsten S
• Assistant Examiner(s): Gottschalk, Martin A
• Application Number:
  US12/689,375
• Time in Patent Office: 3,500 Days
• Field of Search: 705 41
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/229 Hierarchy of users of accounts
• CPC Class Codes: G06Q 20/349 Rechargeable cards
• CPC Class Codes: G06Q 20/354 Card activation or deactivation
• CPC Class Codes: G06Q 20/3555 Personalisation of two or more cards
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G07F 7/1091 Use of an encrypted form of the PIN

Abstract

Strategies, tools and techniques for establishing purchase cards for customers of a financial institution are provided. A primary purchase card can be established for a customer in association with at least one account of the financial institution. Also, at least one secondary purchase card can be established for the customer in addition to the primary purchase card. The secondary purchase card can be linked to the primary purchase card and to at least one of the same accounts associated with the primary purchase card. Customer configuration of various rules for the secondary purchase card can be facilitated, such as rules that govern purchase limits, activation parameters, deactivation parameters, and/or automatic replenishment schedules for the secondary purchase card.

Claims

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.

2. The method of claim 1, further comprising configuring a rule for the secondary purchase card for how and when the secondary purchase card is replenished.

3. The method of claim 1, further comprising configuring a rule for the secondary purchase card for designating circumstances under which the secondary purchase card is activated or deactivated.

4. The method of claim 1, further comprising configuring a rule for the secondary purchase card for deactivating the secondary purchase card when the purchase limit for the secondary purchase is reached.

5. The method of claim 4, further comprising configuring a rule for the secondary purchase card for deactivating the secondary purchase card until the secondary purchase card is automatically replenished subject to the aft automatic replenishment schedule.

6. The method of claim 1, wherein the virtual stop rule is coupled with a rule for requiring the customer to verify through a biometric scan that the secondary purchase card should remain active for purchase transactions.

7. The method of claim 1, further comprising configuring a rule for the secondary purchase card for replenishing the secondary purchase card up to the purchase limit if the purchase limit is not reached within a given time period.

8. The method of claim 1, further comprising configuring a rule for the secondary purchase card for replenishing the secondary purchase card up to the purchase limit if the purchase limit is not reached prior to a scheduled replenishment date.

9. The method of claim 1, further comprising configuring a rule for the secondary purchase card for not replenishing the purchase limit if more than 50% of the purchase limit amount remains currently available on the secondary purchase card.

10. The method of claim 1, further comprising configuring a rule for the secondary purchase card for not replenishing the purchase limit if any positive amount remains currently available on the secondary purchase card.

11. The method of claim 1, farther comprising configuring a rule for the secondary purchase card including a rollover option wherein a new replenishment amount is added to the then current amount available on the purchase card.

12. The method of claim 1, further comprising configuring a rule for the secondary purchase card wherein if the purchase limit is reached during a purchase transaction then the secondary purchase card deactivates and does not complete the transaction.

13. The method of claim 1, further comprising configuring a rule for the secondary purchase card wherein if the purchase limit is reached during a purchase transaction then the secondary purchase card remains active and completes at least a portion of the transaction.

14. The method of claim 1, wherein the primary purchase card is a debit card and the secondary purchase card is a debit card.

15. The method of claim 1, wherein the account includes a checking account.

16. A computer-implemented method for managing financial resources of purchase cards for a customer of a financial institution, the method comprising:

activating a primary purchase card for the customer of the financial institution through an electronic purchase card transaction system of the financial institution, wherein the primary purchase card is associated with at least one account of the financial institution, wherein;

the electronic purchase card transaction system comprises an application server;

the customer interacts with the purchase card transaction system by using an access device to access and navigate at least one user interface generated by the purchase card transaction system; and

the application server performs financial transactions and generates corresponding informational content based on information received from the access device;

activating at least one secondary purchase card for the customer with the purchase card transaction system, 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 at least one 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, wherein 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 the purchase transaction and an amount available on the secondary purchase card from the at least one account; and

configuring at least one 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.

17. The method of claim 16, further comprising generating a warning to the customer when the purchase limit has been reached via a virtual stop rule.