Systems and Methods for Allocating an Amount to a Third Party Biller
First Claim
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1. A method for receiving an allocation of an amount associated with a transaction, the method comprising:
- receiving, at a third party biller and from a first financial account issuer, a request to charge a second portion of the amount to a second billing account having a second identifier, wherein the third party biller administers the second billing account, and wherein the third party biller comprises a server; and
,facilitating charging, by the third party biller, the second portion of the amount to the second billing account;
wherein the first financial account issuer receives a request to debit the amount from a first financial account having a first identifier, wherein the first financial account issuer issued the first financial account, and wherein the first financial account issuer comprises a server; and
,wherein the first financial account issuer acquires an allocation rule associated with the first identifier, transforms an allocation instruction based on the allocation rule, facilitates debiting, based upon the allocation rule, a first portion of the amount from the first financial account, and allocates, based upon the allocation rule, the second portion of the amount to the second billing account.
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Abstract
A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.
145 Citations
20 Claims
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1. A method for receiving an allocation of an amount associated with a transaction, the method comprising:
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receiving, at a third party biller and from a first financial account issuer, a request to charge a second portion of the amount to a second billing account having a second identifier, wherein the third party biller administers the second billing account, and wherein the third party biller comprises a server; and
,facilitating charging, by the third party biller, the second portion of the amount to the second billing account; wherein the first financial account issuer receives a request to debit the amount from a first financial account having a first identifier, wherein the first financial account issuer issued the first financial account, and wherein the first financial account issuer comprises a server; and
,wherein the first financial account issuer acquires an allocation rule associated with the first identifier, transforms an allocation instruction based on the allocation rule, facilitates debiting, based upon the allocation rule, a first portion of the amount from the first financial account, and allocates, based upon the allocation rule, the second portion of the amount to the second billing account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. A computer-readable medium having stored thereon a plurality of instructions, the plurality of instructions comprising:
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instructions to receive, at a third party biller and from a first financial account issuer, a request to charge a second portion of the amount to a second billing account having a second identifier, wherein the third party biller administers the second billing account, and wherein the third party biller comprises a server; and
,instructions to facilitate charging, by the third party biller, the second portion of the amount to the second billing account; wherein the first financial account issuer receives a request to debit the amount from a first financial account having a first identifier, wherein the first financial account issuer issued the first financial account, and wherein the first financial account issuer comprises a server; and
,wherein the first financial account issuer acquires an allocation rule associated with the first identifier, transforms an allocation instruction based on the allocation rule, facilitates debiting, based upon the allocation rule, a first portion of the amount from the first financial account, and allocates, based upon the allocation rule, the second portion of the amount to the second billing account.
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Specification