Patent ID: 7909246

Claim:
A computerized method comprising: associating, in a database, a first transaction card through which access to monetary funds of a first account having a common account balance is extended with a second transaction card through which access to said monetary funds of the first account is extended; associating, in said database, said second transaction card with one or more rules governing access to said monetary funds of the first account by said second transaction card, said rules selected from a set of rules for restricting purchases with said second transaction card based on characteristics of merchants, products, and services; permitting an individual owning said first transaction card to specify said rules governing access to said monetary funds of the first account by said second transaction card; and permitting said individual owning said first transaction card to select fraud triggers to be assigned to the second transaction card; wherein said rules include one or more rules restricting purchases with said second transaction card based on one or more characteristics of merchants, products, or services and wherein said second transaction card maintains the common account balance with said first transaction card.