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US 8,249,986 B2Granted
Methods and systems of controlling activities of financial accounts
AssigneeeBay Inc.
InventorsGerman Scipioni, Donald James Fotsch, Joseph Edward Black, Amy Poling, Alp Tiritoglu
Life of this patent
Estimating the term…
Abstract
Embodiments describe a method and a system to control activities of a financial account. A holder of the financial account may be restricted to transact only with a first set of merchants. The holder of the financial account may be prohibited from transacting with a second set of merchants. The holder of the financial account may further be restricted to transact based on at least one of category or spending limit.
Claims27
A system comprising:
- at least one processor;
- a merchant control module, implemented by the at least one processor, to control activities of a financial account based on transactions initiated by a holder of the financial account between the holder of the financial account and at least one merchant, the at least one merchant being a merchant whom the holder of the financial account is either permitted to engage in a transaction or not permitted to engage in a transaction, a determination of whether the merchant is a permitted or not permitted merchant being controlled by a user different than the holder of the financial account;
- an account management module to enable the user to control at least one capability of the financial account, the financial account being a funded secondary financial account linked to a funded primary financial account of the user;
- and
- a security management module to manage a security level selected from a sliding scale of a plurality of security levels to be assigned to the secondary account, each security level of the plurality of security levels of the sliding scale indicating a different level of approval constraints and feature limits to be applied to secondary accounts such that high security levels of the sliding scale require approval by the user of the funded primary financial account for a transaction involving the secondary account.
2 more elements
A system comprising:
- means for permitting a holder of a financial account to engage in transactions with a first set of one or more merchants;
- means for prohibiting the holder of the financial account to engage in transactions with a second set of one or more merchants, a determination of whether to permit or to prohibit being controlled by a user different than the holder of the financial account;
- means for enabling the user to control at least one capability of the financial account, the financial account being a funded secondary financial account linked to a funded primary financial account of the user;
- and
- means for managing a security level selected from a sliding scale of a plurality of security levels to be assigned to the secondary account, each security level of the plurality of security levels of the sliding scale indicating a different level of approval constraints and feature limits to be applied to secondary accounts such that high security levels of the sliding scale require approval by the user of the funded primary financial account for a transaction involving the secondary account.
2 more elements
A computer-implemented method comprising:
- processing, using one or more processors, data associated with a financial account to enable a holder of the financial account to transact with a first set of one or more merchants;
- processing data associated with the financial account to prevent the holder of the financial account to transact with a second set of zero or more merchants, a determination of whether to enable or prevent being controlled by a user different than the holder of the financial account;
- enabling the user to control at least one capability of the financial account, the financial account being a funded secondary financial account linked to a funded primary financial account of the user, and
- managing a security level selected from a sliding scale of a plurality of security levels to be assigned to the secondary account, each security level of the plurality of security levels of the sliding scale indicating a different level of approval constraints and feature limits to be applied to secondary accounts such that high security levels of the sliding scale require approval by the user of the funded primary financial account for a transaction involving the secondary account.
1 more element
A non-transitory machine-readable storage medium comprising instructions, which when implemented by one or more processors causes a machine to perform operations comprising:
- processing data associated with a financial account to enable a holder of the financial account transact with a first set of one or more merchants based on at least one of a permitted category or a spending limit;
- processing data associated with the financial account to prevent the holder of the financial account to transact with a second set of zero or more merchants, a determination of whether to enable or prevent being controlled by a user different than the holder of the financial account;
- enabling the user to control at least one capability of the financial account, the financial account being a funded secondary financial account linked to a funded primary financial account of the user;
- and
- managing a security level selected from a sliding scale of a plurality of security levels to be assigned to the secondary account, each security level of the plurality of security levels of the sliding scale indicating a different level of approval constraints and feature limits to be applied to secondary accounts such that high security levels of the sliding scale require approval by the user of the funded primary financial account for a transaction involving the secondary account.
2 more elements
Dependencies are inferred from the claim text.