System and method for child card payment
First Claim
1. A computer assisted transaction method, using a payment card being associated with a first account having a first account holder, said first account being in turn associated with a second account having a second account holder;
- the method comprising;
receiving rule data from said second account holder, in connection with said payment card, said rule data associating condition data with corresponding result data;
receiving the payment card for making an actual payment for a specific purchase; and
processing an incentive when the specific purchase matches condition data in said rule data, the processing further comprising;
deriving actual result data from one or more condition data being matched;
executing the transaction related to said specific purchase with modifications derived from said actual result data; and
charging a cost derived from said actual result data to said second account.
2 Assignments
0 Petitions
Accused Products
Abstract
A transaction system suitable for payment by card includes a child account associated with a parent account. The transaction system receives from the parent a data set representing rules which specify on which purchases the child will benefit from an incentive such as discount, coupon, rebate or gift. Upon a purchase transaction with the child card, the system detects an eligible purchase by producing a result data set from the rules data entered by the parent and the particulars of the purchase transaction, where the result data represents the appropriate incentive granted, if any, and directs the system to charge the incentive cost to the parent account.
142 Citations
22 Claims
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1. A computer assisted transaction method, using a payment card being associated with a first account having a first account holder, said first account being in turn associated with a second account having a second account holder;
- the method comprising;
receiving rule data from said second account holder, in connection with said payment card, said rule data associating condition data with corresponding result data;
receiving the payment card for making an actual payment for a specific purchase; and
processing an incentive when the specific purchase matches condition data in said rule data, the processing further comprising;
deriving actual result data from one or more condition data being matched;
executing the transaction related to said specific purchase with modifications derived from said actual result data; and
charging a cost derived from said actual result data to said second account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 19)
- the method comprising;
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11. A transaction system, comprising:
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a card for use by a first account holder to effect payments from a first account;
a second account having a second account holder, said first account being associated with the second account;
a merchant point of sale system for receiving the card for payment; and
a back-end system operative to;
maintain rule data in connection with said first card, said rule data associating condition data with corresponding result data, and said rule data being editable by said second account holder, and viewable by said first account holder;
receive a specific purchase to be paid using said card at said merchant point of sale system, and processing an incentive when the specific purchase matches condition data in said rule data, the processing further comprising;
deriving actual result data from one or more condition data being matched;
enforcing a modified transaction related to said specific purchase with the modifications being derived from said actual result data; and
charging cost derived from said actual result data to said second account. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 20, 21, 22)
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Specification