System for reducing transaction failure
US-12175472-B2 · Dec 24, 2024 · US
Electronic payment and budgeting system utilizing configurable payment cards
US2016321663A1 · US · A1
| Field | Value |
|---|---|
| Publication number | US-2016321663-A1 |
| Application number | US-201514699980-A |
| Country | US |
| Kind code | A1 |
| Filing date | Apr 29, 2015 |
| Priority date | Apr 29, 2015 |
| Publication date | Nov 3, 2016 |
| Grant date | — |
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- Title
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- Abstract
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Abstract
Official abstract text for this publication.
Systems and methods are disclosed for allocating funds from a primary account to one or more configurable payment cards for use in a payment transaction. An electronic transaction system includes an account database storing account and configurable card data for a user. A budget module enables the user to allocate funds to various virtual accounts and assign configurable cards to each virtual account, and configure resource limitations and use restrictions on each virtual account and configurable card. A user device provides an interface for managing the account, budget and configurable card information and receives a real-time account, budget and configurable card information. The configurable cards may be used to make payments through a merchant's point-of-sale system which interfaces with the electronic transaction system to authenticate the card transaction.
First claim
Opening claim text (preview).
What is claimed is: 1 . A system for processing a payment transaction using a configurable payment card comprising: a database storing user account information and payment transaction data, the user account information including a primary account identifier, a card identifier for a configurable payment card, and at least one user-configured use restriction on the configurable payment card; and a transaction processing server communicably coupled to the database and configured…
Assignees
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Classifications
- G06Q20/409Primary
Physics · mapped topic
Physics · mapped topic
Physics · mapped topic
Physics · mapped topic
Physics · mapped topic
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Frequently asked questions
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- What does patent US2016321663A1 cover?
- Systems and methods are disclosed for allocating funds from a primary account to one or more configurable payment cards for use in a payment transaction. An electronic transaction system includes an account database storing account and configurable card data for a user. A budget module enables the user to allocate funds to various virtual accounts and assign configurable cards to each virtual a…
- Who is the assignee on this patent?
- Paypal Inc
- What technology area does this patent fall under?
- Primary CPC classification G06Q20/409. Mapped technology areas include Physics.
- When was this patent published?
- Publication date Thu Nov 03 2016 00:00:00 GMT+0000 (Coordinated Universal Time) (A1). Legal status and post-grant events are not shown on this page.
- What related patents are in patentsdb?
- We list 8 related publications on this page (citations in our corpus or others sharing the same primary CPC).