Financial service involving coverage network

An apparatus comprising:

• a first communication interface configured to receive, via a payment network, transaction information associated with a transaction, wherein the transaction involves an account, wherein the account is held by a holder, and wherein the transaction comprises a transaction amount;
• a second communication interface configured to communicate with a mobile device via a telecommunications network, wherein the mobile device is accessible to a member of a coverage network, and wherein the coverage network is associated with the account or the holder;
• and
• a processor operatively connected to the first communication interface and the second communication interface, and configured to:
• determine, based at least partially on the transaction information, that the account does not have sufficient funds or credit to cover the transaction amount;
• instruct the second communication interface to send a message to the mobile device via the telecommunications network, wherein the message prompts the member to consent to covering at least part of the transaction amount, and wherein the processor instructs the second communication interface to send the message after the processor determines that the account does not have sufficient funds or credit;
• receive the member's consent to covering at least part of the transaction amount;
• and
• authorize the transaction based at least partially on the processor receiving the member's consent.

A computer program product comprising a non-transitory computer-readable medium, wherein the non-transitory computer-readable medium comprises one or more computer-executable program code portions that, when executed by a computer, cause the computer to:

• receive transaction information associated with a transaction, wherein the transaction involves an account;
• determine that the account will incur a deficiency as a result of the transaction;
• prompt a member of the account's coverage network to consent to covering at least part of the deficiency, wherein the computer prompts the member after determining that the account will incur the deficiency;
• receive the member's consent to covering at least part of the deficiency;
• and
• authorize the transaction based at least partially on receiving the member's consent.

A method comprising:

• prompting a holder of an account to select one or more persons for inclusion in a coverage network, wherein the coverage network is associated with the account;
• receiving information indicating that the holder has selected one or more selected persons for inclusion in the coverage network;
• prompting the one or more selected persons to consent to being included in the coverage network;
• receiving information indicating that one or more of the one or more selected persons have consented to being included in the coverage network as members;
• and
• adding, using a processor, the one or more selected, consenting persons to the coverage network as members.

A method comprising:

• receiving, from a member of a coverage network, consent to covering at least part of a future transaction amount, wherein the future transaction amount is associated with a future transaction involving an account, wherein the account is held by a holder, and wherein the coverage network is associated with the holder or the account;
• receiving transaction information associated with a transaction, wherein the transaction comprises a transaction amount and involves the account, and wherein the transaction is initiated after the receiving the member's consent;
• determining that the account does not have sufficient funds or credit to cover the transaction amount;
• and
• authorizing the transaction based at least partially on the receiving the member's consent.