Systems and methods for allocating an amount between transaction accounts
First Claim
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1. A method for allocating an amount associated with a transaction, the method comprising:
- receiving, at a first financial account issuer server, a request to debit the amount from a first financial account having a first identifier, wherein the first financial account issuer issued the first financial account, and wherein the first financial account issuer comprises a server;
acquiring, by the first financial account issuer server, an allocation rule associated with the first identifier;
transforming, by the first financial account issuer server, an allocation instruction based on the allocation rule;
facilitating debiting, by the first financial account issuer server and based upon the allocation rule, a first portion of the amount from the first financial account; and
,allocating, by the first financial account issuer server and based upon the allocation rule, a second portion of the amount to a second financial account having a second identifier, wherein a second financial account issuer server issued the second financial account, wherein the second financial account issuer server is different from the first financial account issuer server, and wherein the second financial account issuer server debits the second portion of the amount from the second financial account.
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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 enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.
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Citations
24 Claims
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1. A method for allocating an amount associated with a transaction, the method comprising:
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receiving, at a first financial account issuer server, a request to debit the amount from a first financial account having a first identifier, wherein the first financial account issuer issued the first financial account, and wherein the first financial account issuer comprises a server; acquiring, by the first financial account issuer server, an allocation rule associated with the first identifier; transforming, by the first financial account issuer server, an allocation instruction based on the allocation rule; facilitating debiting, by the first financial account issuer server and based upon the allocation rule, a first portion of the amount from the first financial account; and
,allocating, by the first financial account issuer server and based upon the allocation rule, a second portion of the amount to a second financial account having a second identifier, wherein a second financial account issuer server issued the second financial account, wherein the second financial account issuer server is different from the first financial account issuer server, and wherein the second financial account issuer server debits the second portion of the amount from the second financial account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23)
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24. An article of manufacture including a non-transitory, tangible computer readable medium having instructions stored thereon that, in response to execution by a first financial account issuer server for allocating an amount associated with a transaction, cause the first financial account issuer server to perform operations comprising:
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receiving, by the first financial account issuer server, a request to debit the amount from a first financial account having a first identifier, wherein the first financial account issuer server issued the first financial account; acquiring, by the first financial account issuer server, an allocation rule associated with the first identifier; transforming, by the first financial account issuer server, an allocation instruction based on the allocation rule; facilitating debiting, by the first financial account issuer server and based upon the allocation rule, a first portion of the amount from the first financial account; and
,allocating, by the first financial account issuer server and based upon the allocation rule, a second portion of the amount to a second financial account having a second identifier, wherein a second financial account issuer server issued the second financial account, wherein the second financial account issuer server is different from the first financial account issuer server, and wherein the second financial account issuer server debits the second portion of the amount from the second financial account.
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Specification