Authorizing transactions associated with accounts
First Claim
1. A method for authorizing financial transactions, the method comprising:
- receiving a request to perform a financial transaction in relation to a first account;
determining that the first account is associated with a second account; and
authorizing the financial transaction, wherein authorizing the financial transaction is based at least in part on a characteristic of the second account.
7 Assignments
0 Petitions
Accused Products
Abstract
The present invention is directed to a method for linking accounts corresponding to different products together to create a group so that group processing can be performed at the group level while independent processing of the accounts is performed at the account level. The method links the accounts into a group by linking a financial record for each account to group master data for the group. The group master data includes information about the group, including group control settings, aggregate data, and a group identifier. A group typically includes a key account and one or more dependent accounts. The relationship between a dependent account and the group is specified by a dependent strategy. A dependent strategy specifies group level processing options for the account. The relationships between the accounts and the group are flexible to accommodate changes in the status of the group cardholders. Alternative embodiments will be apparent to those skilled in the art to which the present invention pertains without departing from its spirit and scope. Accordingly, the scope of the present invention is described by the appended claims and is supported by the foregoing description.
-
Citations
24 Claims
-
1. A method for authorizing financial transactions, the method comprising:
-
receiving a request to perform a financial transaction in relation to a first account;
determining that the first account is associated with a second account; and
authorizing the financial transaction, wherein authorizing the financial transaction is based at least in part on a characteristic of the second account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
-
-
14. A method for authorizing a financial transaction, the method comprising:
-
receiving a request to perform a financial transaction in relation to an account;
determining that the account is associated with an account group, wherein the account group includes a available group credit line; and
authorizing the financial transaction based at least in part on the group credit line. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22, 23)
-
-
24. A method for authorizing a financial transaction, the method comprising:
-
receiving a request to authorize a transaction in relation to a first account;
identifying an account group to which the first account is associated, wherein a second account is associated with the account group; and
authorizing the transaction, wherein the authorization is based at least in part on an available group credit line associated with the group, and wherein the available group credit line is based at least in part on a characteristic of the second account.
-
Specification