Systems and Methods for Allocating an Amount Between Sub-Accounts
First Claim
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1. A method for allocating an amount associated with a transaction, the method comprising:
- receiving, at 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, and wherein the first financial account issuer comprises a server;
acquiring an allocation rule associated with the first identifier;
transforming an allocation instruction based on the allocation rule;
facilitating debiting, by the first financial account issuer and based upon the allocation rule, a first portion of the amount from the first financial account;
allocating, based upon the allocation rule, a second portion of the amount to a second financial account having a second identifier, wherein the first financial account issuer issued the second financial account, and wherein the second financial account is associated with the first financial account; and
,facilitating debiting, by the first financial account issuer and based upon the allocation rule, 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.
100 Citations
20 Claims
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1. A method for allocating an amount associated with a transaction, the method comprising:
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receiving, at 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, and wherein the first financial account issuer comprises a server; acquiring an allocation rule associated with the first identifier; transforming an allocation instruction based on the allocation rule; facilitating debiting, by the first financial account issuer and based upon the allocation rule, a first portion of the amount from the first financial account; allocating, based upon the allocation rule, a second portion of the amount to a second financial account having a second identifier, wherein the first financial account issuer issued the second financial account, and wherein the second financial account is associated with the first financial account; and
,facilitating debiting, by the first financial account issuer and based upon the allocation rule, 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 receive, at 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, and wherein the first financial account issuer comprises a server; instructions to acquire an allocation rule associated with the first identifier; instructions to transform an allocation instruction based on the allocation rule; instructions to facilitate debiting, by the first financial account issuer and based upon the allocation rule, a first portion of the amount from the first financial account; instructions to allocate, based upon the allocation rule, a second portion of the amount to a second financial account having a second identifier, wherein the first financial account issuer issued the second financial account, and wherein the second financial account is associated with the first financial account; and
,instructions to facilitate debiting, by the first financial account issuer and based upon the allocation rule, the second portion of the amount from the second financial account.
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Specification