Systems and Methods for Authorizing an Allocation of an Amount Between Transaction 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 first authorization 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;
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;
allocating a second authorization request associated with the second portion of the amount to the second financial account issuer;
sending, to the second financial account issuer and from the first financial account issuer, the second authorization request associated with the second portion of the amount;
receiving, from the second financial account issuer, a second authorization approval associated with the second portion of the amount;
issuing a first authorization approval and the second authorization approval;
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, 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.
161 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 first authorization 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; 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; allocating a second authorization request associated with the second portion of the amount to the second financial account issuer; sending, to the second financial account issuer and from the first financial account issuer, the second authorization request associated with the second portion of the amount; receiving, from the second financial account issuer, a second authorization approval associated with the second portion of the amount; issuing a first authorization approval and the second authorization approval; 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, 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 method for allocating an amount associated with a transaction, the method comprising:
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receiving, at a first financial account issuer, a first authorization 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; 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; allocating a second authorization request associated with the second portion of the amount to the second financial account issuer; sending, to the second financial account issuer and from the first financial account issuer, the second authorization request associated with the second portion of the amount, wherein the second financial account issuer sends to a merchant a second authorization approval associated with the second portion of the amount; issuing a first authorization approval to a merchant; and
,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, wherein the second financial account issuer debits the second portion of the amount from the second financial account.
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Specification