Systems and Methods for Establishing an Allocation of an Amount Between Transaction Accounts
First Claim
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1. A method for transforming an allocation instruction for an amount associated with a transaction, the method comprising:
- establishing at least a portion of an allocation rule associated with a first identifier; and
,sending, to a first financial account issuer, 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;
wherein the first financial account issuer comprises a server which facilitates transforming the allocation instruction based on the allocation rule, debiting, by the first financial account issuer and based upon the allocation rule, a first portion of the amount from the first financial account, and allocates, based upon the allocation rule, a second portion of the amount to a second financial account having a second identifier; and
,wherein a second financial account issuer issued the second financial account, wherein the second financial account issuer is different from the first financial account issuer, and wherein the second financial account issuer debits the second portion of the amount from the second financial 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.
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Citations
20 Claims
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1. A method for transforming an allocation instruction for an amount associated with a transaction, the method comprising:
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establishing at least a portion of an allocation rule associated with a first identifier; and
,sending, to a first financial account issuer, 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; wherein the first financial account issuer comprises a server which facilitates transforming the allocation instruction based on the allocation rule, debiting, by the first financial account issuer and based upon the allocation rule, a first portion of the amount from the first financial account, and allocates, based upon the allocation rule, a second portion of the amount to a second financial account having a second identifier; and
,wherein a second financial account issuer issued the second financial account, wherein the second financial account issuer is different from the first financial account issuer, and wherein the second financial account issuer debits the second portion of the amount from the second financial 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 establish at least a portion of an allocation rule associated with a first identifier; instructions to send, to a first financial account issuer, 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; wherein the first financial account issuer comprises a server which facilitates transforming an allocation instruction based on the allocation rule, debiting, by the first financial account issuer and based upon the allocation rule, a first portion of the amount from the first financial account, and allocates, based upon the allocation rule, a second portion of the amount to a second financial account having a second identifier; and
,wherein a second financial account issuer issued the second financial account, wherein the second financial account issuer is different from the first financial account issuer, and wherein the second financial account issuer debits the second portion of the amount from the second financial account.
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Specification