Patent ID: 7398919

Claim:
A purchase transaction system for managing transaction cards issued to respective users relative to their status at a banking institution at which they hold a consideration-bearing banking account, the system comprising a computer arrangement configured and arranged, for each user, for: monitoring a transaction balance of the user's consideration-bearing banking account; notifying when the consideration-bearing bank account is below a threshold; establishing a transaction card purchase limit as a function of the transaction balance of the consideration-bearing bank account; tracking purchases against the transaction cards as a function of the transaction card purchase limit; providing a redemption credit for the user as a function of the purchases against the transaction cards; and at the end of a billing cycle: issuing a statement to each user indicating a balance in the consideration-bearing banking account and transaction card purchases occurring during the billing cycle, providing a time window for users to provide funds for the transaction card purchases, and for each user, 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.