Patent ID: 8401904

Claim:
A computer-implemented method for providing real-time notifications of declined proxy 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 proxy account associated with the user and maintained by the payment system, the proxy account comprising information for one or more financial accounts maintained by one or more non-payment system issuers; determining, 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; determining, by the one or more computing devices, to decline the first payment request for failure to meet one or more payment rules defined for the proxy account; communicating, by the one or more computing devices, a notice that declines the first payment request to the merchant computing device; 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 update the one or more payment rules and resolve a cause of the determination to decline the first payment request; receiving, by the one or more computing devices, an override response from the user to override the one or more payment rules, the override response comprising a selection of the one or more options; updating, by the one or more computing devices, the one or more payment rules fined for the proxy account based on the selected option in the override response; 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 proxy account; determining, by the one or more computing devices, to authorize the second payment request based on the updated payment rules defined for the proxy account by the override response; and processing, by the one or more computing devices, the second payment request in response to determining to authorize the second payment request based on the updated payment rules defined for the proxy account.