System and method for the administration of financial accounts using profiles
First Claim
1. The method for processing financial transactions from users identified at points of sale, said method comprising the steps of:
- storing a profile for certain of said users, said profile keyed to said user'"'"'s identity, said profile containing a set of categories, each category containing a user set amount of spending; and
sending a message to one of said users for a current financial transaction, said message including a balance of financial transactions in a particular category, said message being sent without request by said user and without regard to said user set amount in said category being achieved, and wherein said message is sent contemporaneously with said current financial transaction.
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Accused Products
Abstract
A credit facility for controlling financial transactions is arranged with the ability of users to establish self-imposed limits on a category by category basis. The processing system provides messages and other information to the user, both on-demand and at the point of sale, based upon the category of the transaction and the limit set for that category. In one embodiment, both the user and, if desired, third parties, can obtain or be notified, of account balances on a category by category basis. Also, the main user can assign category limits, or prohibitions, on subusers of the same account. In one embodiment, information pertaining to a specific transaction is communicated to a third party.
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Citations
18 Claims
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1. The method for processing financial transactions from users identified at points of sale, said method comprising the steps of:
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storing a profile for certain of said users, said profile keyed to said user'"'"'s identity, said profile containing a set of categories, each category containing a user set amount of spending; and sending a message to one of said users for a current financial transaction, said message including a balance of financial transactions in a particular category, said message being sent without request by said user and without regard to said user set amount in said category being achieved, and wherein said message is sent contemporaneously with said current financial transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. The method for processing financial transactions from users identified at points of sale, said method comprising the steps of:
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storing a profile for certain of said users, said profile keyed to said user'"'"'s identity, said profile containing a set of categories, each category containing a user set amount of spending, and sending a message to one of said users for a current financial transaction, said message including a balance of financial transactions in a particular category, said message being sent without regard to said user set amount in said category being achieved, said message being triggered by said user making a financial transaction in said particular category, wherein said particular category is the category pertaining to said current financial transaction, and wherein said message contains said user set amount for said particular category.
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Specification