Patent ID: 7860789
Filing Date: 2010-12-28
Classification: G06Q,G07F

Abstract:
1. A computer implemented method for accessing, through a financial processing chain, multiple accounts associated with a single financial card containing data regarding the multiple accounts comprising: receiving, by at least one computer processor, selection information designating a selected account for use in a transaction involving the financial card; receiving, by the at least one computer processor, transaction information regarding the transaction comprising account identification information from the financial card, the account identification information pertaining to the selected account and being obtained from the data regarding the multiple accounts stored upon a magnetic stripe and read from the financial card; determining, by the at least one computer processor, that at least one account-selection rule exists for selecting a second account, the second account differing from the selected account, and the at least one account selection rule being pre-defined by a user of the financial card; determining whether the transaction will be processed against the selected account or the second account by applying the at least one account selection rule, wherein upon the transaction being processed against the second account, the account information for the selected account is replaced by the second account information; processing, by the at least one computer processor, a transaction request including (1) the account identification information, wherein the account identification information is based on one of the selected account or the second account and (2) the transaction information.