System for notifying a user when a limit is approaching
First Claim
1. A credit facilitation system comprising:
- a processing system for processing transactions involving at least one user who is identified at least one point of sale;
a storage element configured to contain a profile that is keyed to said user, said profile specifying a transaction amount limit applicable to a cumulative amount of the transaction, said transaction amount limit being less than a total amount of credit available to said user for conducting the transactions, andsaid processing system configured to send a message when the cumulative amount of the transactions approaches said transaction amount limit, said processing system being configured to send the message without request by said user for a particular transaction, and wherein said message is indicative that the cumulative amount of the transactions is approaching said transaction amount limit.
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0 Petitions
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.
111 Citations
45 Claims
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1. A credit facilitation system comprising:
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a processing system for processing transactions involving at least one user who is identified at least one point of sale; a storage element configured to contain a profile that is keyed to said user, said profile specifying a transaction amount limit applicable to a cumulative amount of the transaction, said transaction amount limit being less than a total amount of credit available to said user for conducting the transactions, and said processing system configured to send a message when the cumulative amount of the transactions approaches said transaction amount limit, said processing system being configured to send the message without request by said user for a particular transaction, and wherein said message is indicative that the cumulative amount of the transactions is approaching said transaction amount limit. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. A system for processing financial transactions from a user identified at a point of sale, said system comprising:
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a storage element configured to contain a profile that is keyed to said user'"'"'s identity, said profile containing a set of transaction categories, individual categories containing a respective limit amount that applies to a cumulative amount of one or more transactions that are associated with the individual categories; and wherein said system is configured to send a message based upon transactions involving said user approaching a category'"'"'s limit amount, said system being further configured to send the message without a specific request from the user. - View Dependent Claims (21, 22, 23, 24, 25, 26, 27, 28, 29, 30)
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31. A computer-implemented method comprising:
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accessing, via a data storage device, a profile for a user associated with a transaction, wherein said profile is keyed to said user'"'"'s identity and contains a user-set limit amount; and sending a message when a cumulative amount of one or more transactions involving said user approaches said user-set limit amount, wherein sending said message includes sending the message without request by said user and includes indicating that the cumulative amount of the one or more transactions is approaching said user-set limit amount. - View Dependent Claims (32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45)
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Specification