Managing a universal payment account
AssigneeBank of America Corporation
InventorChristopher R. Griggs
Life of this patent
Estimating the term…
Abstract
To facilitate management of a universal payment account, it is determined whether a transaction occurs. Transaction information is received from a payment systems module if the transaction occurs, wherein the transaction information comprises a universal payment identifier associated with a universal payment account. A processor determines at least one payment rule based at least in part on the universal payment identifier, and the processor determines a financial account associated with the universal payment account based upon the at least one payment rule. The plurality of financial accounts are associated with the universal payment account and the determined financial account is used to process the transaction. The determined financial account is accessed to facilitate processing of the transaction.
Claims17
A system for managing a universal payment account, comprising:
- a network interface configured to receive transaction information from a payment systems module if a transaction occurs, wherein the transaction information comprises a universal payment identifier associated with a universal payment account to complete the transaction;
- a processor communicatively coupled to the network interface, the processor configured to:
- determine at least one payment rule based at least in part on the universal payment identifier;
- determine a financial account associated with the universal payment account based upon the at least one payment rule, wherein a plurality of financial accounts are associated with the universal payment account and the determined financial account is used to process the transaction;
- access the determined financial account to facilitate processing of the transaction;
- monitor transaction activity associated with the universal payment account;
- and
- determine a new payment rule according to the transaction activity.
Non-transitory computer readable medium comprising logic, the logic, when executed by a processor, operable to:
- receive transaction information from a payment systems module if a transaction occurs, wherein the transaction information comprises a universal payment identifier associated with a universal payment account to complete the transaction;
- determine at least one payment rule based at least in part on the universal payment identifier;
- determine a financial account associated with the universal payment account based upon the at least one payment rule, wherein a plurality of financial accounts are associated with the universal payment account and the determined financial account is used to process the transaction;
- access the determined financial account to facilitate processing of the transaction;
- monitor transaction activity associated with the universal payment account;
- and
- determine a new payment rule according to the transaction activity.
A method for managing a universal payment account, comprising:
- receiving transaction information from a payment systems module if a transaction occurs, wherein the transaction information comprises a universal payment identifier associated with a universal payment account to complete the transaction;
- determining, by a processor, at least one payment rule based at least in part on the universal payment identifier;
- determining, by the processor, a financial account associated with the universal payment account based upon the at least one payment rule, wherein a plurality of financial accounts are associated with the universal payment account and the determined financial account is used to process the transaction;
- accessing the determined financial account to facilitate processing of the transaction;
- monitoring transaction activity associated with the universal payment account;
- and
- determining a new payment rule according to the transaction activity.
Dependencies are inferred from the claim text.