Method and apparatus for transaction management
First Claim
Patent Images
1. A method, comprising:
- establishing an account holder profile for an account holder, the account holder profile identifying at least one payment account held by the account holder and at least one spending profile for said account holder, said spending profile including at least a first spending target;
receiving, on a scheduled basis, transaction data identifying individual payment transactions associated with said at least one payment account;
updating said spending profile based on said transaction data; and
comparing said transaction data to said at least first spending target.
1 Assignment
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Accused Products
Abstract
A system, method, apparatus, means and computer program products for establishing, monitoring and maintaining spending controls in a payment system are provided.
102 Citations
20 Claims
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1. A method, comprising:
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establishing an account holder profile for an account holder, the account holder profile identifying at least one payment account held by the account holder and at least one spending profile for said account holder, said spending profile including at least a first spending target; receiving, on a scheduled basis, transaction data identifying individual payment transactions associated with said at least one payment account; updating said spending profile based on said transaction data; and comparing said transaction data to said at least first spending target. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. An apparatus, comprising:
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a processor; a communications device in communication with said processor to receive transaction data; and a memory unit in communication with said processor and storing a program, wherein the processor is operative with said program to establish an account holder profile for said account holder, the account holder profile identifying at least one payment account held by the account holder and at least one spending profile for said account holder, said spending profile including at least a first spending target; receive, on a scheduled basis, transaction data identifying individual payment transactions associated with said at least one payment account; update said spending profile based on said transaction data; and compare said transaction data to said at least first spending target. - View Dependent Claims (17, 18, 19, 20)
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Specification