Allocating funds for payment of transactional account statements
First Claim
1. In a system that includes a computer device, a method for allocating funds for payment of a transactional account statement, the method comprising the steps for:
- using a transactional account to make a first purchase;
electronically reserving a first amount of funds available from a first source account for use in making a transactional account payment, wherein the first amount allocated corresponds to the first purchase;
receiving a request to pay the transactional account payment; and
using the first amount allocated to pay the transactional account payment.
1 Assignment
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Accused Products
Abstract
Systems and methods for providing electronic management of transactional accounts. A computer device is used to provide financial resource allocation and accountability among various groups of accounts, including source accounts and transactional accounts. When a user employs a transactional account to make a purchase, the amount of the purchase is electronically set aside, frozen or otherwise held from a source account and preserved until a payment is required for the transactional account at the close of a billing period. Accordingly, when a payment for the transactional account is required, funds are available for full payment of all purchases made during the billing cycle, thereby affording financial discipline to the user.
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Citations
20 Claims
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1. In a system that includes a computer device, a method for allocating funds for payment of a transactional account statement, the method comprising the steps for:
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using a transactional account to make a first purchase;
electronically reserving a first amount of funds available from a first source account for use in making a transactional account payment, wherein the first amount allocated corresponds to the first purchase;
receiving a request to pay the transactional account payment; and
using the first amount allocated to pay the transactional account payment. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A system for selectively allocating funds for payment of a transactional account statement, the system comprising:
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a transactional account configured for use in making purchases;
a source account that includes available funds; and
a computer device that is configured to reserve a purchase price from available funds of the source account each time the transactional account is used to make a purchase, and wherein the computer device is configured to use the sum total of the reservations made on the available funds during a billing period for payment of the transactional account for the billing period. - View Dependent Claims (15)
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16. A computer program product for implementing within a computer system a method for allocating funds for payment of a transactional account, the computer program product comprising:
a computer readable medium for providing computer program code means utilized to implement the method, wherein the computer program code means is comprised of executable code for implementing the step for;
electronically reserving a first amount of funds available from a first source account for use in making a transactional account payment, wherein the first amount allocated corresponds to a purchase made using a transactional account. - View Dependent Claims (17, 18, 19, 20)
Specification