Patent ID: 7464859

Claim:
A method of conducting a financial transaction, comprising the steps of: issuing a purchase account with an absence of association to a reimbursement account; registering the purchase account, wherein an association with the reimbursement account is formed for reimbursement transactions; conducting at least one purchase transaction by a user using the registered purchase account, wherein the at least one purchase transaction comprises at least one of reimbursable and unallowable purchases, wherein the at least one purchase transaction creates an obligation upon the user of the registered purchase account to pay for the at least one purchase transaction with funds associated with the user from an account other than the reimbursement account, and wherein purchase transaction data associated with the at least one purchase transaction is collected; forwarding the purchase transaction data to a reimbursement processor; identifying purchases that are reimbursable from the purchase transaction data, using the reimbursement processor; and implementing authorization for reimbursement when there are identified reimbursable purchases, wherein the identified reimbursable purchases are associated with the reimbursement account based upon the association created between the registered purchase account and the reimbursement account.