Patent ID: 8762275
Filing Date: 2014-06-24
Classification: G06Q

Abstract:
1. A method for establishing a secondary stored value account associated with a primary stored value account, comprising executing computer program instructions by one or more processors for: in response to receiving a request to create a secondary stored value account for a recipient, creating the secondary stored value account for the recipient; establishing an association between a primary stored value account and the secondary stored value account; modifying at least one transaction rule associated with the primary stored value account, wherein the at least one transaction rule prevents access to account information associated with the secondary stored value account by a primary account holder associated with the primary stored value account; establishing transaction rules associated with the secondary stored value account, wherein the transaction rules are either predetermined before or determined after creation of the secondary stored valued account, wherein the transaction rules comprise: in response to receiving, from the recipient, a request to convert the secondary stored value account to a new account type, convert the secondary stored value account to the new account type by altering the association between the secondary stored value account and the primary stored value account, wherein the new account type comprises at least one transaction rule different from the transaction rules associated with the secondary stored value account.