Financial transaction account usage parameter access and control method
First Claim
1. A method of accessing usage parameters associated with a financial transaction account, which comprises the steps of:
- establishing an account;
issuing a presentation instrument associated with said account;
establishing an initial set of product usage parameters for said account;
providing access to said product usage parameters by the account holder;
submitting modified product usage parameters by the account holder;
establishing product usage criteria by a card processing and service provider or a card issuer;
comparing the submitted product usage parameter modifications with the usage criteria;
if the submitted product usage parameters comply with said usage criteria, implementing same in connection with the account; and
rejecting the submitted product usage parameters if same do not comply with the usage criteria.
7 Assignments
0 Petitions
Accused Products
Abstract
A methodology for access, control and management of credit product usage parameters by an account holder. The methodology includes the steps of creating a credit/debit account and issuing a credit/debit card product for same. A group or family of accounts can optionally be created including a key account and one or more dependent accounts. An initially set of product usage parameters is established. The account holder access the product usage parameters through one of a number of alternative points of access. The account holder then modifies one or more of the product usage parameters and submits the same, optionally in real time. The submitted parameters are tested against allowable usage criteria implemented by the card processing and service provider or the card issuer, which can be based on applicable laws, rules and regulations. If the submitted usage parameter modifications are acceptable, same are implemented and control the product usage until further modified. In a group or family context the usage parameters can be specifically established for a key account and optionally, one or more dependent accounts. Optionally the dependent accounts in such a group can be provided with access, control and management over certain usage parameters.
241 Citations
34 Claims
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1. A method of accessing usage parameters associated with a financial transaction account, which comprises the steps of:
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establishing an account;
issuing a presentation instrument associated with said account;
establishing an initial set of product usage parameters for said account;
providing access to said product usage parameters by the account holder;
submitting modified product usage parameters by the account holder;
establishing product usage criteria by a card processing and service provider or a card issuer;
comparing the submitted product usage parameter modifications with the usage criteria;
if the submitted product usage parameters comply with said usage criteria, implementing same in connection with the account; and
rejecting the submitted product usage parameters if same do not comply with the usage criteria. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A method of accessing, controlling and managing the usage parameters for a group of financial transaction accounts including a key account and at least one dependent account, which method includes the steps of:
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issuing by a card processing and service provider or by a card issuer a financial transaction product;
providing a key account for a key account holder;
providing at least one dependent account for a dependent account holder;
issuing presentation instruments to said account holders respectively;
establishing an initial set of product usage parameters;
providing said key account holder with access to said product usage parameters;
providing a set of usage criteria concerning said product usage parameters by said card processing and service provider or by said card issuer;
said key account holder submitting a proposed product usage parameter modification through a point of access;
comparing said submitted product usage parameter modification with said usage criteria;
implementing said submitted product usage parameter modification in connection with said account if same complies with said usage criteria; and
rejecting said submitted product usage parameter modification if same does not comply with said usage criteria. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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33. A method of accessing and controlling usage parameters associated with a financial transaction account, which includes the steps of:
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providing a card processing and service provider;
providing a product issuer associated with said card processing and service provider;
issuing multiple presentation instruments associated with said account;
establishing a key account holder within said account;
establishing a dependent account holder within said account. providing said account holders with respective presentation instruments;
providing the key account with primary usage parameters;
providing the dependent account with dependent usage parameters;
conducting transactions with said presentation instruments through said account;
providing transaction records from said transactions to said account;
establishing product usage criteria by the card processing and service provider or by the card issuer;
accessing said primary and dependent usage parameters by said key account holder;
submitting modified primary and secondary usage parameters by said key account holder;
comparing the submitted product usage parameter modifications with the product usage criteria;
if the submitted product usage parameters comply with said usage criteria, implementing same in connection with the account; and
rejecting the submitted product usage parameters if same do not comply with the usage criteria.
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34. A method of accessing and controlling usage parameters associated with a financial transaction account, which includes the steps of:
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providing a card processing and service provider;
providing a product issuer associated with said card processing and service provider;
issuing multiple presentation instruments associated with said account;
establishing a key account holder within said account;
establishing a dependent account holder within said account. providing said account holders with respective presentation instruments;
providing the key account with primary usage parameters;
providing the dependent account with dependent usage parameters;
conducting transactions with said presentation instruments through said account;
providing transaction records from said transactions to said account;
establishing product usage criteria by the card processing and service provider or by the card issuer;
accessing said primary and dependent usage parameters by said key account holder;
submitting modified primary and secondary usage parameters by said key account holder;
comparing the submitted product usage parameter modifications with the product usage criteria;
if the submitted product usage parameters comply with said usage criteria, implementing same in connection with the account;
rejecting the submitted product usage parameters if same do not comply with the usage criteria;
providing a unique identification for each account holder;
validating the account holder identification upon entry into the access methodology;
determining the actions allowed of the account holder;
providing the account holder with options pertaining to the product usage parameters;
comparing the account holders'"'"' requested changes with the usage criteria;
confirming entry of said changes;
processing said changes;
impacting the product account or access thereto with said changes;
providing said account holder with alternative entry modes into said access and control methodology; and
providing alternative impacts to said account or access.
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Specification