Patent ID: 8429071

Claim:
A system that integrates consumer or business credit transactions with a mobile communication device (MCD), comprising: at least one computer processor coupled to a memory, the processor executes: a mobile identification component that receives a unique ID of the MCD; a mobile-credit interface component that associates a credit account with the unique ID of the MCD; an authentication component that conditions access to the credit account associated with the MCD upon providing suitable identification; a sub-division component that divides the credit account into a plurality of sub-credit accounts, each of the sub-credit accounts are affiliated with a sponsoring entity, wherein each sponsoring entity is either a financial institution or a commercial vendor; a re-distribution component configured to apportion the available credit amount between the plurality of sub-credit accounts associated with the MCD or a user of the MCD; a rule-set database that provides guidelines for the re-distribution component to apportion available credit, based at least in part on two or more of a concurrent credit balance, comparison of concurrent credit balances, a ratio of balance to credit limit, or a number of transactions undertaken in a threshold period of time, or a combination thereof, associated with the credit account or the one or more additional financial accounts; and a management component that synchronizes a contemporaneous state of the credit account at the MCD and at a financial account server, wherein the contemporaneous state facilitates autonomous credit approval via the MCD, wherein a communication network need not be accessed to facilitate the credit approval, and wherein the contemporaneous state of the credit account reflects one or more offline transactions involving the MCD.