Sponsored Accounts For Computer-Implemented Payment System

• US 20100223184A1
• Filed: 05/12/2010
• Published: 09/02/2010
• Est. Priority Date: 10/11/2006
• Status: Abandoned Application

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Perlman, Jeffrey William
• Application Number:
  US12/778,479
• Publication Number:
  US 20100223184A1
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/123 Shopping for digital content
• CPC Class Codes: G06Q 20/29 characterised by micropayments
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

Abstract

Systems and methods for primary and sponsored accounts are provided. A system may include an account processor to execute software instructions for creating and managing electronic payment accounts and an accounts database to store account data from the account processor. The account processor may be configured to create a primary account and a sponsored account in the accounts database. The primary account may be associated with a primary account holder who has access to the primary account to add and remove funds. The sponsored account may be associated with both the primary account holder and a sponsored account holder, where the primary account holder has access to the sponsored account to transfer funds between the primary account and the sponsored account in order to add and remove funds from the sponsored account, and the sponsored account holder has access to the sponsored account for making transactions using funds in the sponsored account.

Claims

1. A computer-implemented payment system, comprising:

an account processor to execute software instructions for creating and managing electronic payment accounts;

an accounts database to store account data from the account processor;

the account processor being configured to create a primary account and a sponsored account in the accounts database;

the primary account being associated with a primary account holder, the primary account holder having access to the primary account to add and remove funds; and

the sponsored account being associated with both the primary account holder and a sponsored account holder, the primary account holder having access to the sponsored account to transfer funds between the primary account and the sponsored account in order to add and remove funds from the sponsored account, the sponsored account holder having access to the sponsored account for making transactions using funds in the sponsored account.

2. The computer-implemented payment system of claim 1, wherein the sponsored account holder'"'"'s access to the sponsored account is limited to transactions that have been pre-authorized.

3. The computer-implemented payment system of claim 2, wherein the pre-authorized transactions include only purchases from merchant websites that have been approved by the primary account holder.

4. The computer-implemented payment system of claim 2, wherein the pre-authorized transactions include only purchases from categories of merchants that have been approved by the primary account holder.

5. The computer-implemented payment system of claim 2, wherein the pre-authorized transactions include only purchases for amounts within a pre-approved spending limit set by the primary account holder.

6. The computer-implemented payment system of claim 2, wherein the pre-authorized transactions include only purchases from merchant websites that have been certified by the computer-implemented payment system.

7. The computer-implemented payment system of claim 1, wherein the primary account is funded from one or more external funding sources and the sponsored account is funded solely from the primary account.

8. The computer-implemented payment system of claim 1, wherein the account processor and the accounts database are included within one or more servers.

9. The computer-implemented payment system of claim 1, wherein the primary account and the sponsored account are both authenticated by an authentication broker.

10. The computer-implemented payment system of claim 1, wherein the primary account is configured by the primary account holder to automatically transfer funds to the sponsored account at pre-determined intervals.

11. A method of creating an electronic payment account, comprising:

receiving at an account processor a request to create a new electronic payment account, the request including account profile information relating to an applicant;

determining from the account profile information if the applicant is over a predetermined minimum age for opening a primary account;

if the applicant is over the predetermined minimum age, then opening a primary account for the applicant using the account profile information; and

if the applicant is not over the predetermined minimum age, then;

automatically directing the applicant to a graphical user interface for requesting a sponsored account;

receiving from the applicant via the graphical user interface information identifying a sponsor;

requesting approval for the sponsored account from the sponsor; and

upon receiving approval from the sponsor, the account processor creating a sponsored account for the applicant and linking the sponsored account to a primary account associated with the sponsor, wherein the sponsor is given access to the sponsored account to transfer funds from the primary account to the sponsored account and the applicant is given access to the sponsored account for making purchases using funds in the sponsored account.

12. The method of claim 11, further comprising:

determining if the sponsor has an existing primary account; and

upon determining that the sponsor does not have an existing primary account, directing the applicant to a graphical user interface for creating a primary account.

13. The method of claim 11, wherein the applicant'"'"'s access to the sponsored account is limited to transactions that have been pre-authorized.

14. The method of claim 13, wherein the pre-authorized transactions include only purchases from merchant websites that have been approved by the sponsor.

15. The method of claim 13, wherein the pre-authorized transactions include only purchases from categories of merchants that have been approved by the sponsor.

16. The method of claim 13, wherein the pre-authorized transactions include only purchases for amounts within a pre-approved spending limit set by the sponsor.

17. The method of claim 11, further comprising:

authenticating the identity of the applicant prior to creating the sponsored account.

18. A method of processing a transaction between a secondary payer and a payee, comprising:

receiving a request for access to an item and a secondary payer identifier from the payee;

requesting and verifying the secondary payer'"'"'s identity;

accessing a database to determine whether the secondary payer has an account that is associated with a primary payer;

based upon a determination that the secondary payer has an account that is associated with a primary payer, accessing the database to determine whether the request for access to the item is a transaction that is permitted by the primary payer;

based upon a determination that the request for access to the item is a transaction that is permitted by the primary payer, accessing the database to determine whether the account contains funds greater than or equal to a required value for accessing the item; and

based upon a determination that the account contains funds greater than or equal to the required value, permitting access to the item by the secondary payer.

19. The method of claim 18, wherein the primary payer is a parent or guardian and the secondary payer is a child.

20. The method of claim 18, wherein the primary payer is an employer and the secondary payer is an employee.

21. The method of claim 18, wherein permitted transactions are set by the primary payer to limit a type of transaction that may be performed by the secondary payer.

22. The method of claim 18, wherein permitted transactions are set by the primary payer to limit a dollar amount for transactions that may be performed by the secondary payer.

23. The method of claim 18, wherein the account is a sponsored account associated with both the primary payer and the secondary payer, and the sponsored account is funded from a primary account associated with the primary payer.

24. A memory for storing data for access by an account processor in an electronic payment system, comprising:

a primary account data structure stored in the memory and including information resident in an accounts database used by the account processor, the primary account including data that associates the primary account with a primary account holder to provide the primary account holder with access to the primary account to add and remove funds; and

a sponsored account data structure stored in the memory and including information resident in the accounts database used by the account processor, the sponsored account including data that associates the sponsored account with both the primary account holder and a sponsored account holder, the sponsored account data structure providing the primary account holder with access to the sponsored account to transfer funds between the primary account and the sponsored account in order to add and remove funds from the sponsored account, and the sponsored account data structure providing the sponsored account holder access to the sponsored account for making transactions using funds in the sponsored account.

25. The memory of claim 24, wherein the sponsored account data structure limits the sponsored account holder'"'"'s access to the sponsored account to transactions that have been pre-authorized by the primary account holder.