Patent ID: 8626592

Claim:
A computer-implemented method for providing real-time notifications of declined payment account transactions, comprising: receiving, using one or more computing devices of a payment system, a first payment request from a merchant computing device for a purchase by a user from a merchant associated with the merchant computing device, the first payment request comprising information identifying a payment account associated with the user and maintained by the payment system, the payment account comprising information for one or more financial accounts maintained by one or more non-payment system issuers; selecting, by the one or more computing devices, which of the one or more financial accounts associated with the proxy account to use to process the first payment request based at least in part on one or more payment rules defined for the payment account; declining, by the one or more computing devices, the first payment request based at least in part on a deficiency in the selected financial account; notifying, by the one or more computing devices, the user of the declined first payment request, the notification comprising one or more options such that user selection of a particular one of the options will immediately resolve the deficiency associated with the selected financial account; receiving, by the one or more computing devices, a selection of the one or more options from the user; updating, by the one or more computing devices, the one or more payment rules defined for the payment account based at least in part on the received selected option; receiving, using one or more computing devices of a payment system, a second payment request from the merchant computing device for the purchase by the user from the merchant associated with the merchant computing device, the second payment request comprising information identifying the payment account; and authorizing, by the one or more computing devices, the second payment request based at least in part on the updated payment rules defined for the payment account.