Patent ID: 11915227
Assignee: THE TORONTO-DOMINION BANK
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 10:
11. A processor-implemented method, comprising:
configuring, by a processor, a value transfer card to be associated with a default currency account and one or more foreign currency accounts;
receiving, by the processor, input including a selection of at least one of the one or more foreign currency accounts and a card control setting to be applied for the value transfer card in connection with the selected at least one foreign currency account;
detecting, by the processor, a first transaction initiated using the value transfer card at an automatic teller machine (ATM) or a point-of-sale (POS), wherein the detecting includes receiving a request to process the first transaction in a first currency associated with the selected at least one foreign currency account;
determining, by the processor in real-time, that the first transaction results in violation of the card control setting for the value transfer card; and
in response to determining that the first transaction results in violation of the card control setting for the value transfer card:
querying, by the processor in real-time, an exchange rates database to obtain a current exchange rate between the first currency and a second currency associated with a second one of the currency accounts; and
processing, by the processor, the first transaction using the second currency account and the current exchange rate.