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Consolidated payment account system and method

  • US 7,783,566 B2
  • Filed: 06/21/2002
  • Issued: 08/24/2010
  • Est. Priority Date: 06/27/2001
  • Status: Active Grant
First Claim
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1. A method comprising:

  • funding, by a computer-based system for providing a payment for an on-line transaction, a consolidated account substantially simultaneously from a plurality of different funding sources, wherein at least one of an acquisition order is determined according to a user-defined funding profile and a proportion of the value from each of the plurality of different funding sources is determined according to a user-defined funding profile, and wherein the consolidated account stores a value funded from the plurality of different funding sources;

    setting, by the computer-based system, a predetermined usage restriction in a database, wherein the predetermined usage restriction is associated with at least one of the plurality of different funding sources;

    performing, by the computer-based system and after the funding, a predetermined enforcement policy on at least part of the funds in the consolidated account, wherein the predetermined enforcement policy is based at least in part on the setting; and

    paying, by the computer-based system, a payee with at least part of the funded value.

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