Spending Account Systems and Methods

• US 20070185800A1
• Filed: 07/31/2006
• Published: 08/09/2007
• Est. Priority Date: 11/19/2004
• Status: Abandoned Application

• Current Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Inventors: Klaboe, Dana, Malnati, Leigh, Harrison, Sarah, Jagatic, Jason
• Application Number:
  US11/461,374
• Publication Number:
  US 20070185800A1
• Time in Patent Office: Days
• US Class Current: 705/36.T
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/10 Tax strategies

Abstract

A computer-implemented method and system to facilitate a purchase utilizing a tax-advantaged account. A request to charge the tax-advantaged account for an item is received at a host computer. A determination is made whether the item qualifies for pre-tax treatment. If the item qualifies for pre-tax treatment then at least partial payment authorization for the item is determined, and the tax-advantaged account is debited for at least a portion of the purchasing amount of the item based on the payment authorization. If the item does not qualify for pre-tax treatment, then a non-tax advantaged account is debited for an item not qualifying for pre-tax treatment.

Claims

1. A computer-implemented method to facilitate a purchase utilizing a tax-advantaged account, comprising the steps of:

a) receiving, at a host computer, a request to charge the tax-advantaged account for an item;

b) determining whether said item qualifies for pre-tax treatment;

c) if said item qualifies for pre-tax treatment then

(i) determining at least partial payment authorization for said item, and

(ii) causing the tax-advantaged account to be debited for at least a portion of the purchasing amount of said item based on said payment authorization; and

d) if said item does not qualify for pre-tax treatment, then debiting a non-tax advantaged account for an item not qualifying for pre-tax treatment.

2. The computer-implemented method of claim 1, wherein steps (b) -(d) occur in real time.