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 at least one computer processor, one or more customized rules for an access mechanism associated with a customer;
establishing, by at least one computer processor, a plurality of accounts for the customer wherein the plurality of accounts comprise different accounts with different account characteristics;
the plurality of accounts comprising a combination of two or more of the following;
stored value account, debit account, credit card account, loyalty account and co-brand account;
invoking, by at least one computer processor, an account from 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 one or more customized rules comprise one or more priority rules that define conditions for selecting the account from the plurality of accounts for the transaction based on one or more transaction factors at the time of the transactionmonitoring, by at least one computer processor, customer behavior associated with the customer; and
adjusting, by at least one computer processor, one or more accounts from the plurality of accounts responsive to the monitored customer behavior.
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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.
601 Citations
44 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 at least one computer processor, one or more customized rules for an access mechanism associated with a customer; establishing, by at least one computer processor, a plurality of accounts for the customer wherein the plurality of accounts comprise different accounts with different account characteristics;
the plurality of accounts comprising a combination of two or more of the following;
stored value account, debit account, credit card account, loyalty account and co-brand account;invoking, by at least one computer processor, an account from 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 one or more customized rules comprise one or more priority rules that define conditions for selecting the account from the plurality of accounts for the transaction based on one or more transaction factors at the time of the transactionmonitoring, by at least one computer processor, customer behavior associated with the customer; and adjusting, by at least one computer processor, one or more accounts from the plurality of accounts responsive to the monitored customer behavior. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. A computer implemented system for implementing a mechanism with multiple customized relationships, the system comprising:
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a rules module, comprising at least one computer processor, configured to identify one or more customized rules for an access mechanism associated with a customer; an accounts module, comprising at least one computer processor, configured to establish a plurality of accounts for the customer wherein the plurality of accounts comprise different accounts with different account characteristics;
the plurality of accounts comprising a combination of two or more of the following;
stored value account, debit account, credit card account, loyalty account and co-brand account; and
further configured to invoke an account from 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 one or more customized rules comprise one or more priority rules that define conditions for selecting the account from the plurality of accounts for the transaction based on one or more transaction factors at the time of the transaction, the one or more priority rules defined by the customer through an online interface; a monitor module, comprising at least one computer processor, configured to monitor customer behavior associated with the customer and adjust one or more accounts from the plurality of accounts responsive to the monitored customer behavior. - View Dependent Claims (24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44)
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Specification