System and method for splitting a transaction

A network-based service provider comprising:

• a processor;
• and
• a memory storing instructions for controlling the processor which, when executed by the processor, cause the processor to perform operations comprising:
• identifying, at a first time, a group of individuals associated with a purchase;
• identifying a primary individual from the group of individuals and a non-primary group of individuals from the group of individuals, wherein the primary individual is associated with a primary payment account that is personal to the primary individual and that existed prior to the first time, and wherein each individual of the non-primary group of individuals is associated with a respective non-primary account that existed prior to the first time, wherein the primary payment account and each respective non-primary payment account are independent of each other, and have no control over each other, and wherein each of the primary payment account and the respective non-primary payment account is one of a debit account or credit account;
• establishing a policy for monitoring activity of the primary payment account across multiple purchases, wherein the policy is at least in part defined by at least one individual from the group of individuals and the policy comprises a purchase credit;
• configuring an electronic notification that is linked to the policy;
• transferring the electronic notification to a primary individual device, the electronic notification indicating the policy, the purchase credit and that the policy is linked to the primary payment account;
• monitoring, in a continuous manner, activity of the primary payment account according to the policy at a second time that is later than the first time;
• upon detection, as a result of the monitoring, of the purchase using the primary payment account, determining a transaction amount for the purchase;
• and
• performing, based on the result of the monitoring and in an automated manner, a transfer of a respective portion of the transaction amount, according to the purchase credit associated with the policy, from each non-primary payment account to the primary payment account to pay for the purchase.

A non-transitory computer-readable storage medium storing instructions which, when executed by a network-based service provider, cause the network-based service provider to perform operations comprising:

• identifying, at a first time, a group of individuals associated with a purchase;
• identifying a primary individual from the group of individuals and a non-primary group of individuals from the group of individuals, wherein the primary individual is associated with a primary payment account that is personal to the primary individual and that existed prior to the first time, and wherein each individual of the non-primary group of individuals is associated with a respective non-primary account that existed prior to the first time, wherein the primary payment account and each respective non-primary payment account are independent of each other, and have no control over each other, and wherein each of the primary payment account and the respective non-primary payment account is one of a debit account or credit account;
• establishing a policy for monitoring activity of the primary payment account across multiple purchases, wherein the policy is at least in part defined by at least one individual from the group of individuals and the policy comprises a purchase credit;
• configuring an electronic notification that is linked to the policy;
• transferring the electronic notification to a primary individual device, the electronic notification indicating the policy, the purchase credit and that the policy is linked to the primary payment account;
• monitoring, in a continuous manner, activity of the primary payment account according to the policy at a second time that is later than the first time;
• upon detection, as a result of the monitoring, of the purchase using the primary payment account, determining a transaction amount for the purchase;
• and
• performing, based on the result of the monitoring, in an automated manner and via the network-based service provider, a transfer of a respective portion of the transaction amount, according to the purchase credit associated with the policy, from each non-primary payment account to the primary payment account to pay for the purchase.