Patent ID: 8515868
Filing Date: 2013-08-20
Classification: G06Q,G07F

Abstract:
1. A computer-implemented method for using a financial transaction device associated with multiple accounts, comprising: linking, by a computer processor, multiple accounts to a master account associated with a financial transaction device wherein the multiple accounts are held by a cardholder and the linking is performed prior to issuing the financial transaction device to the cardholder and wherein further the multiple accounts are maintained by a single financial institution that issues the financial transaction device and each of the multiple accounts is in existence prior to issuing the financial transaction device, issuing the financial transaction device to the cardholder wherein the financial transaction device comprises machine readable data pertaining to the master account; determining pre-defined rules comprising a set of criteria which set conditions for a transaction account to be accessed following a transaction with the master account, wherein the transaction account is selected from among the multiple accounts, receiving a preliminary transaction request, based upon the transaction with the master account, from a point of sale or merchant processor, wherein the preliminary transaction request comprises data containing master account information appended with selection information indicating the transaction account to process the transaction against; determining, by the computer processor, that the transaction meets the predefined rules for the transaction account indicated in the preliminary transaction request; and processing the transaction against the transaction account based upon the preliminary transaction request.