Patent ID: 8751396
Filing Date: 2014-06-10
Classification: G06Q

Abstract:
1. A method performed in a financial system that includes a financial instrument, the financial instrument being associated with a financial account that includes both a loan balance portion and a pre-paid cash balance portion that are used in performing a purchase transaction, wherein the purchase transaction is initiated by the account holder using the financial instrument, the method comprising: receiving at a computing system selection of a prioritization scheme that indicates an order of priority of the loan balance portion and the pre-paid cash balance portion of the financial account that are to be used to fund the purchase transaction, the prioritization scheme is selected by a financial institution and configured to maximize an amount of transaction fees charged for the purchase transaction; receiving at the computing system a purchase authorization for the purchase transaction initiated by the account holder using the financial instrument, the purchase authorization including an account identifier and a purchase amount; applying at the computing system at least a portion of the purchase amount to the financial account according to the prioritization scheme, the purchase transaction configured so that: receiving at the computing system first additional loan balance from a first financial institution; applying the first additional loan balance to the loan balance portion of the financial account; receiving at the computing system second additional loan balance from a second financial institution, wherein the second financial institution is not associated with the first financial institution; and applying the second additional loan balance to the loan balance portion of the financial account.