Patent ID: 11935067
Assignee: CAPITAL ONE SERVICES, LLC
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 10:
11. A system for setting spending limits for secondary credit account users, the system comprising:
one or more processors; and
memory in communication with the one or more processors and storing instructions that, when executed by the one or more processors, are configured to cause the system to:
receive primary user account data associated with a credit account held by a primary user;
receive secondary user account data associated with a secondary user associated with the credit account;
generate a primary user predictive model based on the primary user account data, the primary user predictive model based on one or more predictive variables selected from primary merchant locations with which the primary user transacts, account spending associated with the primary user, a repayment schedule associated with the credit account, or combinations thereof;
generate a secondary user predictive model based on the secondary user account data, the secondary user predictive model based on one or more predictive variables selected from secondary merchant locations with which the secondary user transacts, account spending associated with the secondary user, spending limitations associated with the secondary user, or combinations thereof;
receive a first user input from the primary user via a graphical user interface, the first user input corresponding to a spending limitation associated with the secondary user;
identify a transaction associated with the secondary user that exceeds the spending limitation;
dynamically determine, using the primary user predictive model and the secondary user predictive model, a threshold, wherein the primary user predictive model and the secondary user predictive model comprise machine learning models that are trained using data associated with past transactions and associated indications of whether the primary user did or did not manually execute a spending limitation override for each past transaction;
automatically authorize a spending limitation override when the transaction exceeds the spending limitation by less than the threshold;
when the transaction exceeds the spending limitation by the threshold or greater than the threshold:
automatically reject the spending limitation override;
generate, via the graphical user interface, a notification associated with the rejected spending limitation override, the notification providing an option for the primary user to manually approve the spending limitation override;
receive a second user input from the primary user via the graphical user interface, the second user input comprising a manual override instruction, wherein the manual override instruction comprises an indication of whether or not to manually approve the spending limitation override; and
update the primary user predictive model and the secondary user predictive model based on the received manual override instruction.