Patent ID: 8103584
Filing Date: 2012-01-24
Classification: G06Q

Abstract:
1. A method for authorizing an allocation of an amount associated with a transaction, the method comprising: receiving, at a second financial account issuer server and from a first financial account issuer server via a communication channel, a request to debit a second portion of the amount from a second financial account having a second identifier, wherein the second financial account issuer server issued the second financial account, and wherein the second financial account issuer server is different from the first financial account issuer server; receiving, at the second financial account issuer server and from the first financial account issuer server, a second authorization request for the debiting of the second portion of the amount; transmitting, by the second financial account issuer server, a second authorization approval associated with the second portion of the amount to the first financial account issuer server; verifying, by the second financial account issuer server, that sufficient funds exist to satisfy the request to debit the second portion of the amount from the second financial account; debiting, by the second financial account issuer server, the second portion of the amount from the second financial account; wherein the first financial account issuer server receives a first authorization request for debiting of the amount from a first financial account having a first identifier, determines the second portion to allocate to the second financial account based on an allocation rule, allocates the second authorization request associated with the second portion of the amount to the second financial account issuer server, receives the second authorization approval from the second financial account issuer server, and based upon authorization criteria issues a first authorization approval and the second authorization approval; wherein the first financial account issuer server receives a request for the debiting of the amount from the first financial account, wherein the first financial account issuer server issued the first financial account; and wherein the first financial account issuer server acquires the allocation rule associated with the first identifier, facilitates debiting, based upon the allocation rule, a first portion of the amount from the first financial account, and allocates, based upon the allocation rule, the second portion of the amount to the second financial account.