Systems and Methods for Approval of an Allocation
First Claim
Patent Images
1. A method for receiving an approval of an allocation of 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;
sending the allocation rule for approval, wherein the allocation rule is associated with the first identifier;
receiving the approval of 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; and
,allocating, based upon the allocation rule, a second portion of the amount to a second financial account having a second identifier, 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.
5 Assignments
0 Petitions
Accused Products
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.
-
Citations
20 Claims
-
1. A method for receiving an approval of an allocation of 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; sending the allocation rule for approval, wherein the allocation rule is associated with the first identifier; receiving the approval of 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; and
,allocating, based upon the allocation rule, a second portion of the amount to a second financial account having a second identifier, 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)
-
-
20. A computer-readable medium having stored thereon a plurality of instructions, the plurality of instructions comprising:
-
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 send an allocation rule for approval, wherein the allocation rule is associated with the first identifier; instructions to receive the approval of 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; and
,instructions to allocate, based upon the allocation rule, a second portion of the amount to a second financial account having a second identifier, 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.
-
Specification