Approval and Issuance of a Financial Card
First Claim
1. A method comprising:
- issuing, at a virtual credit card issuer, a virtual credit card to an entity;
debiting a monetary amount from a credit card account associated with a credit card issued by a financial institution that has extended credit to the entity;
crediting the monetary amount to a virtual credit card account associated with the virtual credit card;
receiving, at the virtual credit card issuer, a request for payment directly from a merchant who accepted a credit card number of the virtual credit card as a form of payment from the entity; and
honoring the request for payment when a monetary amount specified by the request for payment is less than or equal to the monetary amount credited to the virtual credit card account associated with the virtual credit card.
1 Assignment
0 Petitions
Accused Products
Abstract
A method comprising issuing, at a virtual credit card issuer, a virtual credit card to an entity and debiting a monetary amount from a credit card account associated with a credit card issued by a financial institution that has extended credit to the entity. The method also comprises crediting the monetary amount to a virtual credit card account associated with the virtual credit card. The virtual credit card issuer would receive a request for payment directly from a merchant who accepted a credit card number of the virtual credit card as a form of payment from the entity. The request for payment when a monetary amount specified by the request for payment is less than or equal to the monetary amount credited to the virtual credit card account associated with the virtual credit card would be honored.
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Citations
1 Claim
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1. A method comprising:
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issuing, at a virtual credit card issuer, a virtual credit card to an entity; debiting a monetary amount from a credit card account associated with a credit card issued by a financial institution that has extended credit to the entity; crediting the monetary amount to a virtual credit card account associated with the virtual credit card; receiving, at the virtual credit card issuer, a request for payment directly from a merchant who accepted a credit card number of the virtual credit card as a form of payment from the entity; and honoring the request for payment when a monetary amount specified by the request for payment is less than or equal to the monetary amount credited to the virtual credit card account associated with the virtual credit card.
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Specification