Systems and Methods for Authorizing an Allocation of an Amount Between Transaction Accounts
First Claim
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1. A method for authorizing an allocation of an amount associated with a transaction, the method comprising:
- receiving, at a second financial account issuer and from a first financial account issuer, a request to debit a second portion of the amount from a second financial account having a second identifier, wherein the second financial account issuer issued the second financial account, and wherein the second financial account issuer comprises a server, and wherein the second financial account issuer is different from the first financial account issuer;
receiving, at the second financial account issuer and from the first financial account issuer, a second authorization request associated with the second portion of the amount;
transmitting a second authorization approval associated with the second portion of the amount to the first financial account issuer;
facilitating debiting, by the second financial account issuer, the second portion of the amount from the second financial account;
wherein the first financial account issuer receives a first authorization request to debit the amount from a first financial account having a first identifier, allocates the second authorization request associated with the second portion of the amount to the second financial account issuer, receives the second authorization approval from the second financial account issuer, and issues a first authorization approval and the second authorization approval;
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 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 authorizing an allocation of an amount associated with a transaction, the method comprising:
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receiving, at a second financial account issuer and from a first financial account issuer, a request to debit a second portion of the amount from a second financial account having a second identifier, wherein the second financial account issuer issued the second financial account, and wherein the second financial account issuer comprises a server, and wherein the second financial account issuer is different from the first financial account issuer; receiving, at the second financial account issuer and from the first financial account issuer, a second authorization request associated with the second portion of the amount; transmitting a second authorization approval associated with the second portion of the amount to the first financial account issuer; facilitating debiting, by the second financial account issuer, the second portion of the amount from the second financial account; wherein the first financial account issuer receives a first authorization request to debit the amount from a first financial account having a first identifier, allocates the second authorization request associated with the second portion of the amount to the second financial account issuer, receives the second authorization approval from the second financial account issuer, and issues a first authorization approval and the second authorization approval; 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 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 method for authorizing an allocation of an amount associated with a transaction, the method comprising:
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receiving, at a second financial account issuer and from a first financial account issuer, a request to debit a second portion of the amount from a second financial account having a second identifier, wherein the second financial account issuer issued the second financial account, and wherein the second financial account issuer comprises a server, and wherein the second financial account issuer is different from the first financial account issuer; receiving, at the second financial account issuer and from a merchant, a second authorization request associated with the second portion of the amount; transmitting a second authorization approval associated with the second portion of the amount to the merchant; facilitating debiting, by the second financial account issuer, the second portion of the amount from the second financial account; wherein the first financial account issuer receives a first authorization request to debit the amount from a first financial account having a first identifier; 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 financial account.
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Specification