Multi-account card

Patent metadata

Field	Value
Publication number	US-10296888-B2
Application number	US-201514713855-A
Country	US
Kind code	B2
Filing date	May 15, 2015
Priority date	May 16, 2014
Publication date	May 21, 2019
Grant date	May 21, 2019

Abstract

A system for conducting a transaction is disclosed. The system may include one or more memory devices storing instructions and one or more processors configured to execute the instructions to receive information associated with a transaction initiated using a multi-account card. The one or more processors may be further configured to select and employ one of a plurality of transaction accounts to complete the transaction.

First claim

What is claimed is:

1. A system for conducting a transaction, comprising:
one or more memory devices storing instructions; and
one or more processors configured to execute the instructions to:
receive information associated with a transaction initiated using a multi-account card, the multi-account card being associated with a plurality of accounts;
determine that the transaction is authorized with each of the plurality of accounts;
create a corresponding pending transaction for each account to complete a purchase from a merchant;
maintain an opportunity to select one of the plurality of accounts for use in completing the transaction, the opportunity being maintained for a predetermined period of time after completing the purchase from the merchant;
display, on a graphical user interface, a transaction summary comprising information regarding the transaction and an option for selecting one of the plurality of accounts for use in completing the transaction;
complete the transaction upon receiving a selection of one of the plurality of accounts for use in completing the transaction; and
cancel pending transactions created for accounts not selected for use in completing the transaction.

2. The system of claim 1 , wherein at least one of the plurality of accounts is a financial service account.

3. The system of claim 2 , wherein the one or more processors is further configured to execute the instructions to transmit a notification to a merchant server, the notification indicating that the transaction is authorized based on the determination that the transaction is authorized with each of the plurality of accounts.

4. The system of claim 1 , wherein the one or more processors is further configured to execute the instructions to transmit data to a client device, the data including information identifying the transaction and the selected account associated with the transaction.

5. The system of claim 4 , wherein the one or more processors is further configured to execute the instructions to receive, from the client device, a selection of one of the plurality of accounts to be used in completing the transaction.

6. The system of claim 5 , wherein the selected account is determined based on the selection received from the client device.

7. The system of claim 1 , wherein the one or more processors is further configured to execute the instructions to select, based on the information associated with the transaction, a default account of the plurality of accounts to be used in completing the transaction.

8. The system of claim 1 , wherein the one or more processors is further configured to execute the software instructions to select, based on user profile information associated with the multi-account card, a default account of the plurality of accounts to be used in completing the transaction.

9. The system of claim 8 , wherein the user profile information comprises preference information of a user of the multi-account card.

10. The system of claim 1 , wherein the one or more processors is further configured to execute the instructions to transmit data to a client device, the data including information identifying the transaction and the selected account.

11. The system of claim 10 , wherein the information identifying the transaction comprises one or more of a date of the transaction, a merchant associated with the transaction, and an item purchased in the transaction.

12. The system of claim 1 , wherein the one or more processors is further configured to execute the instructions to cancel the pending transaction associated with the selected account.

13. A computer-implemented method for conducting a transaction, comprising:
receiving, by one or more processors, information associated with a transaction initiated using a multi-account card, the multi-account card being associated with a plurality of accounts;
determining that the transaction is authorized with each of the plurality of accounts;
creating a corresponding pending transaction for each account to complete a purchase from a merchant;
maintaining, by the one or more processors, an opportunity to select one of the plurality of accounts for use in completing the transaction, the opportunity being maintained for a predetermined period of time after completing the purchase from the merchant;
displaying, on a graphical user interface, a transaction summary comprising information regarding the transaction and an option for selecting one of the plurality of accounts for use in completing the transaction;
completing, by the one or more processors, the transaction upon receiving a selection of one of the plurality of accounts for use in completing the transaction; and
cancelling pending transactions created for accounts not selected for use in completing the transaction.

14. The computer-implemented method of claim 13 , wherein at least one of the plurality of accounts is a financial service account.

15. The computer-implemented method of claim 14 , further comprising:
transmitting a notification to a merchant server, the notification indicating that the transaction is authorized based on the determination that the transaction is authorized with each of the plurality of accounts.

16. The computer-implemented method of claim 13 , further comprising:
selecting, based on the information associated with the transaction, a default account of the plurality of accounts to be used in completing the transaction.

17. The computer-implemented method of claim 13 , further comprising:
selecting, based on user profile information associated with the multi-account card, a default account of the plurality of accounts to be used in completing the transaction.

18. A non-transitory computer-readable medium storing instructions that, when executed by a processor, cause the processor to perform operations comprising:
receiving information associated with a transaction initiated using a multi-account card, the multi-account card being associated with a plurality of accounts;
determining that the transaction is authorized with each of the plurality of accounts;
creating a corresponding pending transaction for each account to complete a purchase from a merchant;
maintaining an opportunity to select one of the plurality of accounts for use in completing the transaction, the opportunity being maintained for a predetermined period of time after completing the purchase from the merchant;
displaying, on a graphical user interface, a transaction summary comprising information regarding the transaction and an option for selecting one of the plurality of accounts for use in completing the transaction;
completing the transaction upon receiving a selection of one of the plurality of accounts for use in completing the transaction; and
cancelling pending transactions created for accounts not selected for use in completing the transaction.

19. The non-transitory computer-readable medium of claim 18 , wherein at least one of the plurality of accounts is a financial service account.

20. The non-transitory computer-readable medium of claim 19 , the operations further comprising:
transmitting a notification to a merchant server, the notification indicating that the transaction is authorized based on the determination that the transaction is authorized with each of the plurality of accounts.

Assignees

• Capital One Financial Corp
• Capital One Services Llc

Inventors

• Lafeer Mohamed
• Koeppel Adam R

Classifications

• G06Q20/405

  Establishing or using transaction specific rules · CPC title

• G06Q20/3572

  Multiple accounts on card · CPC title

• G06Q20/227

  characterised in that multiple accounts are available, e.g. to the payer · CPC title

• G06Q20/22 Primary

  Payment schemes or models · CPC title