Patent ID: 8600891

Claim:
A system for managing activity involving transaction cards issued to respective users relative to their status at a financial institution at which they hold a consideration-bearing financial account, the system comprising a computer arrangement including data representing a predetermined deferred debit limit threshold and being configured and arranged, for each user, for: storing data representing a balance of funds attributed to the consideration-bearing financial account; establishing a purchase limit based on a transaction balance of the consideration-bearing financial account; tracking purchases against a transaction card based upon the purchase limit; verifying that the predetermined deferred debit limit threshold of the consideration-bearing financial account has not been exceeded; providing a credit for the user based upon purchases against the transaction card; and at the end of a billing cycle: issuing a statement to the user indicating a balance in the consideration-bearing financial account and transaction card purchases occurring during the billing cycle, relative to the debit limit threshold, providing a time window for the user to provide funds for the transaction card purchases, and automatically transferring funds for the transaction card purchases reflected on the statement as a function of the transaction card purchases and a communication protocol implemented with the user during the time window.