PARENTAL CONTROLS
First Claim
1. A method for establishing a multiple-tier transaction rule based at least partially upon geographic location using a handheld electronic device comprising:
- using the handheld electronic device to define the multiple-tier transaction rule by;
defining a first geographic limit and selecting a first control action to be implemented if a transaction initiated by a subsidiary financial account linked to a primary account belonging to the user of the handheld electronic device violates the first geographic limit;
defining a second geographic limit and selecting a second control action to be implemented if the transaction initiated by a subsidiary financial account violates the second geographic limit;
defining a third geographic limit and selecting a third control action to be implemented if the transaction initiated by a subsidiary financial account violates the third geographic limit; and
defining a fourth geographic limit and selecting a fourth control action to be implemented if the transaction initiated by a subsidiary financial account violates the fourth geographic limit, wherein the first, second, third, and fourth geographic limits are different from one another, and wherein the first, second, third, and fourth control actions are different from one another; and
communicating the multiple-tier transaction rule to an external server controlled by a financial entity that manages the primary account and subsidiary account, wherein the communication of the multiple-tier transaction rule causes the external server to apply the multiple-tier transaction rule to the subsidiary account.
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Accused Products
Abstract
Various techniques are provided for establishing financial transaction rules to control one or more subsidiary financial accounts. In one embodiment, a financial account management application stored on a processor-based device may provide an interface for defining financial transaction rules to be applied to a subsidiary account. The financial transaction rules may be based upon transaction amounts, aggregate spending amounts over a period, merchant categories, specific merchants, geographic locations, or the like. The device may update the financial transaction rules associated with a subsidiary account by communicating the rules to an appropriate financial server. Accordingly, transactions made using the subsidiary account by a subsidiary account holder may be evaluated against the defined rules, wherein an appropriate control action is carried out if a financial transaction rule is violated.
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Citations
21 Claims
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1. A method for establishing a multiple-tier transaction rule based at least partially upon geographic location using a handheld electronic device comprising:
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using the handheld electronic device to define the multiple-tier transaction rule by; defining a first geographic limit and selecting a first control action to be implemented if a transaction initiated by a subsidiary financial account linked to a primary account belonging to the user of the handheld electronic device violates the first geographic limit; defining a second geographic limit and selecting a second control action to be implemented if the transaction initiated by a subsidiary financial account violates the second geographic limit; defining a third geographic limit and selecting a third control action to be implemented if the transaction initiated by a subsidiary financial account violates the third geographic limit; and defining a fourth geographic limit and selecting a fourth control action to be implemented if the transaction initiated by a subsidiary financial account violates the fourth geographic limit, wherein the first, second, third, and fourth geographic limits are different from one another, and wherein the first, second, third, and fourth control actions are different from one another; and communicating the multiple-tier transaction rule to an external server controlled by a financial entity that manages the primary account and subsidiary account, wherein the communication of the multiple-tier transaction rule causes the external server to apply the multiple-tier transaction rule to the subsidiary account. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A method, comprising:
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defining a multiple-tier transaction rule having a plurality of transaction limits using a handheld electronic device, wherein the transaction limits comprise restrictions on transactions made using a financial account associated with an account holder other than a user of the handheld electronic device; associating each of a plurality of control actions with a respective one of the plurality of transaction limits, wherein defining the multiple-tier transaction rule and associating each of the plurality of control actions with a respective one of the plurality of transaction limits comprises; defining a first geographic limit and associating the first geographic limit with a first control action; and defining a second geographic limit and associating the second geographic limit with a second control action, wherein the first and second control actions are different from one another; and applying the multiple-tier transaction rule to a subsidiary financial account associated with the account holder other than the user of the handheld electronic device. - View Dependent Claims (8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A device, comprising:
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one or more input structures; a storage structure encoding routines for a financial account management application, wherein the encoded routines comprise; a routine for receiving a first set of one or more inputs via the input structures, wherein the first set of received inputs define one or more rules for establishing restrictions on transactions initiated by a subsidiary financial account associated with an account holder other than a user of the device; and a routine for storing the one or more defined rules; a routine for receiving a second set of one or more inputs via the input structures, wherein the second set of received inputs define a first rule related to an in-person transaction request and a second rule related to an online transaction request; and a processor configured to execute the encoded routines. - View Dependent Claims (18, 19, 20, 21)
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Specification