Method and system for implementing a card product with multiple customized relationships
First Claim
1. A computer implemented method for implementing a mechanism with multiple customized relationships, the method comprising the steps of:
- identifying, by a computer processor, one or more customized rules for an access mechanism associated with a customer;
establishing, by a computer processor, a plurality of accounts for the customer wherein the plurality of accounts comprise different accounts with different account characteristics; and
invoking, by a computer processor, one of the plurality of accounts for a transaction through the access mechanism, based at least in part on the one or more customized rules;
wherein one or more priority rules are defined by the customer through an online interface;
wherein the one or more customized rules comprise the one or more priority rules that define conditions for invoking a particular account of the plurality of accounts based on one or more transaction factors for the transaction at the time of the transaction;
wherein the plurality of accounts comprise a combination of two or more of the following;
stored value account, debit account, credit card account, loyalty account and co-brand account;
wherein the plurality of accounts share at least one funding account;
wherein the one or more customized rules comprise funding rules that define one or more funding sources from which funds are drawn for the at least one funding account; and
wherein the one or more customized rules are based on one or more of transaction environment and location.
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Accused Products
Abstract
According to one embodiment, the present invention relates to a method and a system for implementing a card product or access mechanism with multiple relationships with an issuing entity (e.g., bank, etc.) where each relationship may be defined by one or more sets of rules that are customized for a particular customer. A computer implemented method and system for implementing a mechanism with multiple customized relationships may involve identifying one or more customized rules for an access mechanism associated with a customer; establishing a plurality of accounts for the customer wherein the plurality of accounts comprise different accounts with different account characteristics; and invoking one of the plurality of accounts for a transaction through the access mechanism, based at least in part on the one or more customized rules; wherein the plurality of accounts share at least one funding account.
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Citations
40 Claims
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1. A computer implemented method for implementing a mechanism with multiple customized relationships, the method comprising the steps of:
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identifying, by a computer processor, one or more customized rules for an access mechanism associated with a customer; establishing, by a computer processor, a plurality of accounts for the customer wherein the plurality of accounts comprise different accounts with different account characteristics; and invoking, by a computer processor, one of the plurality of accounts for a transaction through the access mechanism, based at least in part on the one or more customized rules; wherein one or more priority rules are defined by the customer through an online interface; wherein the one or more customized rules comprise the one or more priority rules that define conditions for invoking a particular account of the plurality of accounts based on one or more transaction factors for the transaction at the time of the transaction; wherein the plurality of accounts comprise a combination of two or more of the following;
stored value account, debit account, credit card account, loyalty account and co-brand account;wherein the plurality of accounts share at least one funding account; wherein the one or more customized rules comprise funding rules that define one or more funding sources from which funds are drawn for the at least one funding account; and wherein the one or more customized rules are based on one or more of transaction environment and location. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A computer implemented system for implementing a mechanism with multiple customized relationships, the system comprising:
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a rules module configured to identify one or more customized rules for an access mechanism associated with a customer; and an accounts module configured to establish a plurality of accounts for the customer wherein the plurality of accounts comprise different accounts with different account characteristics; and
invoking one of the plurality of accounts for a transaction through the access mechanism, based at least in part on the one or more customized rules;wherein one or more priority rules are defined by the customer through an online interface; wherein the one or more customized rules comprise the one or more priority rules that define conditions for invoking a particular account of the plurality of accounts based on one or more transaction factors for the transaction at the time of the transaction; wherein the plurality of accounts comprise a combination of two or more of the following;
stored value account, debit account, credit card account, loyalty account and co-brand account;wherein the plurality of accounts share at least one funding account; wherein the one or more customized rules comprise funding rules that define one or more funding sources from which funds are drawn for the at least one funding account; and wherein the one or more customized rules are based on one or more of transaction environment and location. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40)
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Specification