Patent ID: 7747241

Claim:
A computerized method for processing prepaid events comprising: a. receiving a reservation request from an event from a network element; b. determining a reservation amount for said event; c. determining whether an available balance of a prepaid account associated with said event is sufficient to allow the processing of said reservation request; d. if said available balance will allow processing of said reservation request, processing said reservation request by; i. approving said reservation amount for the event; ii. reversing a prior reservation amount for said event from the prepaid account; and iii. reserving a new reservation amount from the prepaid account for the approved event, the new reservation amount equal to the combination of said reservation amount approved in (i) and said prior reservation amount; e. receiving at least one additional reservation request from said network element; f. repeating step “b—determining a reservation amount step” through step “e—receiving at least one additional reservation request step” until said network element sends an event termination message or said available balance is no longer sufficient to process said additional reservation requests.