Systems and methods for facilitating budgeting transactions
First Claim
1. A method for a financial account issuer server to facilitate a transaction for at least one of budgeting or spend compartmentalization, the method comprising:
- receiving, by the financial account issuer server, a request to debit a first amount from a first financial category sub-account associated with a first financial account having a first identifier, wherein the financial account issuer server issued the first financial account, and wherein the request to debit relates to the at least one of budgeting or spend compartmentalization;
verifying, by the financial account issuer server, availability of the first amount in the first financial category sub-account for completing the transaction;
receiving, by the financial account issuer server, a request to credit at least a portion of the first amount to a second financial category sub-account associated with a second financial account having a second identifier, wherein the first financial account and second financial account are owned by the same customer, and wherein the request to credit relates to the at least one of budgeting or spend compartmentalization;
determining, by the financial account issuer server, if the request to debit the first financial account and the request to credit the second financial account are fraudulent based upon a fraud analysis routine, wherein the fraud analysis routine analyzes predetermined criteria associated with the request to debit, the request to credit, the first financial account and the second financial account;
debiting, by the financial account issuer server, the first amount from the first financial category sub-account associated with the first financial account, if the request to debit the first financial account is not fraudulent; and
crediting, by the financial account issuer server, at least the portion of the first amount to the second financial category sub-account associated with the second financial account, if the request to credit the second financial account is not fraudulent.
5 Assignments
0 Petitions
Accused Products
Abstract
A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also includes the options of interest payments, the use of different account issuers, different financial accounts, budget transfers, spend compartmentalization, cost-splitting, adjusting credit limits, loans, gifting, intermediary facilitating the transaction, transaction tracking, rapid funds availability, confidential transfer of funds, immediate initiation of shipment by a seller, releasing funds to a seller only after approval of the goods, services, or other value, demonstrating proof of payment, and recourse against a remote seller.
-
Citations
19 Claims
-
1. A method for a financial account issuer server to facilitate a transaction for at least one of budgeting or spend compartmentalization, the method comprising:
-
receiving, by the financial account issuer server, a request to debit a first amount from a first financial category sub-account associated with a first financial account having a first identifier, wherein the financial account issuer server issued the first financial account, and wherein the request to debit relates to the at least one of budgeting or spend compartmentalization; verifying, by the financial account issuer server, availability of the first amount in the first financial category sub-account for completing the transaction; receiving, by the financial account issuer server, a request to credit at least a portion of the first amount to a second financial category sub-account associated with a second financial account having a second identifier, wherein the first financial account and second financial account are owned by the same customer, and wherein the request to credit relates to the at least one of budgeting or spend compartmentalization; determining, by the financial account issuer server, if the request to debit the first financial account and the request to credit the second financial account are fraudulent based upon a fraud analysis routine, wherein the fraud analysis routine analyzes predetermined criteria associated with the request to debit, the request to credit, the first financial account and the second financial account; debiting, by the financial account issuer server, the first amount from the first financial category sub-account associated with the first financial account, if the request to debit the first financial account is not fraudulent; and crediting, by the financial account issuer server, at least the portion of the first amount to the second financial category sub-account associated with the second financial account, if the request to credit the second financial account is not fraudulent. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
-
-
19. An article of manufacture including a non-transitory, tangible computer-readable medium having stored thereon a plurality of instructions for a financial account issuer server to facilitate a transaction for at least one of budgeting or spend compartmentalization that, in response to execution by the financial account issuer server, cause the financial account issuer server to perform operations comprising:
-
receiving, by the financial account issuer server, a request to debit a first amount from a first financial category sub-account associated with a first financial account having a first identifier, wherein the financial account issuer server issued the first financial account, and wherein the request to debit relates to the at least one of budgeting or spend compartmentalization; verifying, by the financial account issuer server, availability of the first amount in the first financial category sub-account for completing the transaction; receiving, by the financial account issuer server, a request to credit at least a portion of the first amount to a second financial category sub-account associated with a second financial account having a second identifier, wherein the first financial account and second financial account are owned by the same customer, and wherein the request to credit relates to the at least one of budgeting or spend compartmentalization; determining, by the financial account issuer server, if the request to debit the first financial account and the request to credit the second financial account are fraudulent based upon a fraud analysis routine, wherein the fraud analysis routine analyzes pre-determined criteria associated with the request to debit, the request to credit, the first financial account and the second financial account; debiting, by the financial account issuer server, the first amount from the first financial category sub-account associated with the first financial account, if the request to debit the first financial account is not fraudulent; and crediting, by the financial account issuer server, at least the portion of the first amount to the second financial category sub-account associated with the second financial account, if the request to credit the second financial account is not fraudulent.
-
Specification