Method and system for restricting the usage of payment accounts
AssigneeMicrosoft Corporation
InventorsArnold Neil Blinn, Joseph N. Coco
Life of this patent
Estimating the term…
Abstract
A user's ability to spend and/or receive funds for payment accounts maintained in an electronic wallet are limited. These limitations include restrictions on where the user is able to spend the funds in a payment account (e.g., at which merchants the funds can be spent, whether the funds can be withdrawn from an ATM, etc.). These limitations may also include restrictions on what other payment accounts the user can receive funds from and/or transfer funds to, thereby limiting person-to-person fund transfers.
Claims12
A method comprising:
- maintaining on a server a plurality of payment accounts in a user-accessible electronic wallet corresponding to a particular user, wherein each payment account stores information that identifies a particular set of one or more additional users that are allowed to add funds to the payment account and an associated external account where funds available to the user are maintained;
- and
- restricting by the server where the funds to be added to a first of the plurality of payment account in the electronic wallet corresponding to a particular user can be received from, wherein the restricting comprises allowing only the particular set of the one or more additional users to add funds to the first of the plurality of payment account.
One or more computer-readable memories containing a computer program that is executable by a processor to perform a method, the method comprising:
- maintaining on a server a plurality of payment accounts in a user-accessible electronic wallet corresponding to a particular user, wherein each payment account stores information that identifies a particular set of one or more additional users that are allowed to add funds to the payment account and an associated external account where funds available to the user are maintained;
- restricting by the server where the funds to be added to a first of the plurality of payment account in the electronic wallet corresponding to a particular user can be received from, wherein the restricting comprises allowing only the particular set of the one or more additional users to add funds to the first of the plurality of payment account.
Dependencies are inferred from the claim text.