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Methods and Systems for Account Management of Group Accounts

  • US 20100153224A1
  • Filed: 12/08/2009
  • Published: 06/17/2010
  • Est. Priority Date: 12/17/2008
  • Status: Active Grant
First Claim
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1. A group account management system configured to provide financial transaction-related controls, privileges, tracking, and/or reporting for one or more users, members, and/or sub-groups, the group account management system comprising:

  • a payments manager for receiving and/or responding to a transaction request associated with a group financial account;

    a rules manager for determining whether the transaction request can be authorized, restricted, and/or rejected according to user-managed one or more account-related rules for a transaction-related action by a user, a member, and/or a sub-group associated with the group financial account, wherein the user-managed one or more account-related rules may be created, managed, and/or enforced based on a type of a merchant, a particular name of the merchant, a particular location of the merchant, a type of a transaction initiator, a time-based rolling parameter, and/or other relevant parameters; and

    a rules and accounts information data storage for storing the user-managed one or more account-related rules and one or more user-related privileges, wherein the one or more user-related privileges can define who or which entity is authorized to modify the user-managed one or more account-related rules for the group financial account.

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