System and method for managing accounts
First Claim
1. A system for managing accounts, wherein more than one customer may be associated with each account, wherein each customer has a role relating to such account, and wherein a customer may conduct a transaction for such account by using a presentation instrument issued to that customer, the system comprising:
- a database for storing a customer ID associated with each customer, an account ID associated with each account, and a presentation ID associated with each presentation instrument, the database structured for relating each presentation ID to a specific customer and to one account used by that specific customer; and
a database management system for managing the data stored in the database and for posting transaction data to any account in response to receiving a presentation ID with such transaction data, the presentation ID being used by the data management system to access the account and thereby reflect that the transaction has been conducted for the account.
10 Assignments
0 Petitions
Accused Products
Abstract
A system for managing credit card accounts or the like, having a database for storing a permanent customer ID associated with each cardholder, an account ID for each account accessible by the cardholder, a presentation ID (card number) appearing on each card, and a role identifier. When a transaction is conducted at a terminal, the presentation ID is provided to a database management system, which then can retrieve the customer ID and the account ID (for the account being accessed). If a card is lost, stolen or otherwise rendered unusable, a security suspense record is inserted into the database in an account ID filed associated with the affected presentation ID. When the presentation ID associated with the lost or stolen card is provided to the system, the security suspense record is retrieved and causes the transaction to be invalidated. All other presentation IDs (and associated cards) for the affected account can continue to be used, thus eliminating the need to close the account. The role identifier permits account criteria (e.g., financial responsibility, credit limits, purchase restrictions, etc.) to be established for individual cardholders.
108 Citations
23 Claims
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1. A system for managing accounts, wherein more than one customer may be associated with each account, wherein each customer has a role relating to such account, and wherein a customer may conduct a transaction for such account by using a presentation instrument issued to that customer, the system comprising:
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a database for storing a customer ID associated with each customer, an account ID associated with each account, and a presentation ID associated with each presentation instrument, the database structured for relating each presentation ID to a specific customer and to one account used by that specific customer; and
a database management system for managing the data stored in the database and for posting transaction data to any account in response to receiving a presentation ID with such transaction data, the presentation ID being used by the data management system to access the account and thereby reflect that the transaction has been conducted for the account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A method for managing accounts accessible by customers in order to conduct transactions, wherein a customer may conduct a transaction for at least one of the accounts by using a presentation instrument issued to that customer by an issuing institution, the method comprising:
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providing a database;
storing in the database a customer ID associated with each customer, an account ID associated with each account, and a presentation ID used by each customer for accessing at least one of the accounts, the presentation ID being different than the customer ID;
structuring the database in order to relate, to each customer ID, the account ID for at least one account accessible by that customer, and the presentation ID issued to that customer for accessing such account; and
managing the database in order to post a transaction by a specific customer to a specific account in response to receiving transaction data with the presentation ID issued to the specific customer, the presentation ID being used by the data management system to retrieve the account ID of the specific account and thereby associate the transaction data with the specific customer and with the specific account. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22)
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23. A system for managing accounts, wherein more than one customer may conduct a transaction in connection with an account, wherein each customer has a role relating to the account, and wherein a customer may conduct a transaction for the account by using a presentation instrument issued to that customer, the system comprising:
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means for storing a customer ID associated with each customer, an account ID associated with each account, a presentation ID associated with each presentation instrument, and a role identifier associated with each customer and identifying a role that such customer has in connection with an account, the database structured for relating each presentation ID to both a specific customer and to an account used by that specific customer; and
means for managing the data stored in the database and for posting transaction data to any account in response to receiving a presentation ID with such transaction data, the presentation ID being used by the data management system to access the account and thereby reflect that the transaction has been conducted in connection with the account.
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Specification