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Controlled and secure transactions

  • US 20070267478A1
  • Filed: 05/22/2006
  • Published: 11/22/2007
  • Est. Priority Date: 05/22/2006
  • Status: Abandoned Application
First Claim
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1. A system for allowing an account holder to deposit money in an account to allow an authorized purchaser to spend up to a pre-allocated amount of money for the purchase of goods or services from a predetermined merchant on a network in communication with a server, comprising:

  • an account holder computing device for inputting information on the authorized purchaser, the predetermined merchant and the money allocated;

    a transaction server located on said server that is accessed by the account holder and merchants;

    an allocation engine residing on the server in communication with said transaction server, wherein said allocation engine allows the account holder to deposit money in the account holder'"'"'s account against which the authorized purchaser can make purchases up to the amount of money deposited for the authorized purchaser; and

    a merchant computing device used by the merchant, said computing device in communication with said transaction server and allocation engine.

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