Patent ID: 7966255
Filing Date: 2011-06-21
Classification: G06Q,G07F

Abstract:
1. A method, comprising: receiving, by a computer based system for managing a transaction account, an authorization request for a transaction, wherein the authorization request includes a transaction amount, and a merchant identifier, and wherein the transaction includes a transaction account comprising a predetermined credit limit; determining, by the computer based system, an existing balance of the transaction account; comparing; by the computer based system, the existing balance and the predetermined credit limit; calculating, by the computer based system, an available credit amount; comparing, by the computer based system, the transaction amount to the available credit amount, wherein the available credit amount is at least one of greater than the transaction amount, equal to the transaction amount, and less than the transaction amount; determining, by the computer based system, that the transaction account has an overlimit spending feature in response to the available credit amount being less that the transaction amount; requesting, by the computer based system, at least one of payment history for the transaction account, and spending patterns associated with the transaction account, in response to the transaction account having the overlimit spending feature; requesting, by the computer based system, a credit history of an owner of the transaction account, in response to the transaction account having the overlimit spending feature; analyzing, by the computer based system, the credit history, the authorization request, and at least one of the payment history for the transaction account, and the spending patterns associated with the transaction account, in response to the available credit amount being less than the transaction amount and the transaction account having the overlimit spending feature; analyzing, by the computer based system, a profile to determine a number of previously authorized over-limit transactions: determining, by the computer based system, a response to the authorization request based on the analyzing of the credit history, the analyzing of the profile, the authorization request, and at least one of: the payment history for the transaction account and the spending patterns associated with the transaction account, and wherein the response is at least one of an authorization and a denial; transmitting, by the computer based system, the response to the merchant; and updating, by the computer based system, the profile associated with the transaction account with at least one of the authorization and the denial.