Patent ID: 8600882
Filing Date: 2013-12-03
Classification: G06Q

Abstract:
1. A method comprising: receiving transaction information associated with a transaction associated with a predetermined transaction type and a predetermined type of channel for performing the transaction, the predetermined transaction type comprising at least one of a withdrawal, a purchase, and a transfer; determining, by a computer and based at least partially on the transaction information, that the transaction involves a prepaid card account, the prepaid card account comprising identification of the prepaid card account holder; determining, by a computer, that the prepaid card account comprises a plurality of budget categories, each of the budget categories having a balance, wherein at least one of the plurality of budget categories comprises a withdrawal category; determining, by a computer, that the transaction applies to one budget category of the plurality of budget categories based at least partially on the predetermined transaction type or the predetermined type of channel; determining, by a computer, that the budget category comprises a spending limit and a spending threshold, wherein the spending limit comprises a total amount that can be spent in the budget category before transactions are declined and the spending threshold comprises a predetermined partial amount that can be spent in the budget category before an alert is sent to the holder, wherein the amount of the balance of the budget category is greater than the total amount of the spending limit and the total amount of the spending limit is greater than the predetermined partial amount of the spending threshold; determining, by a computer and based at least partially on the transaction information, that the spending threshold will be or has been met as a result of the transaction; sending, by a computer, an alert to a holder of the prepaid card account based at least partially on the determining that the threshold will be or has been met; and loading, by a computer, funds provided by the holder to the prepaid card account, the funds being allocated across the budget categories proportional to spending limits of the budget categories.