Patent ID: 8459544
Filing Date: 2013-06-11
Classification: G06Q

Abstract:
1. A method for establishing a multiple-tier transaction rule based at least partially upon geographic location using a handheld electronic device comprising: using the handheld electronic device to define the multiple-tier transaction rule by: communicating the multiple-tier transaction rule to an external server controlled by a financial entity that manages the primary account and subsidiary account, wherein the communication of the multiple-tier transaction rule causes the external server to apply the multiple-tier transaction rule to the subsidiary account; and receiving a set of one or more inputs defining a first rule related to a transaction request by the subsidiary account in the first geographic limit and a second rule related to a transaction request by the subsidiary account in the second geographic limit, wherein the first rule related to the transaction request by the subsidiary account in the first geographic limit comprises a first authorization response time for authorization of transactions, and wherein the second rule related to the transaction request by the subsidiary account in the second geographic limit comprises a second authorization response time for authorization of transactions.