Systems and Methods for Settling an Allocation of an Amount Between Transaction Accounts
First Claim
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1. A method for settling an allocation of an amount associated with a transaction, the method comprising:
- receiving, at a first financial account issuer, a request to settle the amount and a first identifier from a merchant associated with the transaction, wherein the first financial account issuer issued a first financial account associated with the first identifier, and wherein the first financial account issuer comprises a server, and wherein the first financial account issuer acquired an allocation rule associated with the first identifier, transformed an allocation instruction based on an allocation rule, and debited, and based upon the allocation rule, a first portion of the amount from the first financial account;
acquiring allocation information associated with the first identifier and the transaction;
sending a request for a second portion of the amount to a second financial account issuer that issued a second financial account, wherein the second financial account issuer is different from the first financial account issuer, and wherein the second financial account issuer debited the second portion of the amount from the second financial account;
obtaining the second portion of the amount from the second financial account issuer;
sending at least a part of the first portion and the second portion to the merchant.
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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 settling an allocation of an amount associated with a transaction, the method comprising:
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receiving, at a first financial account issuer, a request to settle the amount and a first identifier from a merchant associated with the transaction, wherein the first financial account issuer issued a first financial account associated with the first identifier, and wherein the first financial account issuer comprises a server, and wherein the first financial account issuer acquired an allocation rule associated with the first identifier, transformed an allocation instruction based on an allocation rule, and debited, and based upon the allocation rule, a first portion of the amount from the first financial account; acquiring allocation information associated with the first identifier and the transaction; sending a request for a second portion of the amount to a second financial account issuer that issued a second financial account, wherein the second financial account issuer is different from the first financial account issuer, and wherein the second financial account issuer debited the second portion of the amount from the second financial account; obtaining the second portion of the amount from the second financial account issuer; sending at least a part of the first portion and the second portion to the merchant. - 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 settle the amount and a first identifier from a merchant associated with the transaction, wherein the first financial account issuer issued a first financial account associated with the first identifier, and wherein the first financial account issuer comprises a server, and wherein the first financial account issuer acquired an allocation rule associated with the first identifier, transformed an allocation instruction based on an allocation rule, and debited, based upon the allocation rule, a first portion of the amount from the first financial account; instructions to acquire allocation information associated with the first identifier and the transaction; instructions to send a request for a second portion of the amount to a second financial account issuer that issued a second financial account, wherein the second financial account issuer is different from the first financial account issuer, and wherein the second financial account issuer debited the second portion of the amount from the second financial account; instructions to obtain the second portion of the amount from the second financial account issuer; instructions to send at least a part of the first portion and the second portion to the merchant.
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Specification