Mobile device credit account

A method of providing a mobile communication device (MCD) interface to a credit account and to transactions associated with the credit account, comprising:

• employing at least one computer processor to execute the following:
• receiving a unique ID of a MCD;
• associating a credit account sponsored by a first financial entity with the unique ID;
• and
• fracturing the credit account into multiple credit accounts, each multiple credit account is sponsored by one or more additional commercial or financial entities;
• synchronizing, via remote communication, transaction information pertaining to the credit account at the MCD and at a credit account server associated with the first financial entity, wherein the transaction information includes one or more offline transactions involving the MCD, wherein a communication network need not have been accessed to facilitate an autonomous credit approval for the one or more offline transactions;
• automatically allocating at least a portion of an amount associated with the transaction information to each of two or more of the multiple credit accounts, wherein the at least a portion is automatically allocated based at least in part upon a guideline that defines allocation of the available credit, based at least in part on two or more of a concurrent credit balance, comparison of concurrent credit balances, a ratio of balance to credit limit, or a number of transactions undertaken in a threshold period of time, or a combination thereof, associated with the credit account or the one or more additional financial accounts;
• receiving a request to extend a line of credit for at least one of the two or more of the multiple credit accounts via the mobile communication device;
• one of allowing or denying the request;
• and
• updating the one of the two or more of the multiple credit accounts with an additional line of credit if the request was allowed.

A system that facilitates credit transactions by way of a mobile communication device (MCD), comprising:

• at least one computer processor coupled to a memory, the computer processor executes the following:
• means for associating a credit account with the MCD or a user of the MCD, the credit account is sponsored by a commercial or financial entity;
• means for dividing the credit account into a plurality of sub-credit accounts, each of the sub-credit accounts are affiliated with either a financial institution or a commercial vendor and wherein the plurality of sub-credit accounts share an available credit amount of the credit account;
• means for automatically allocating the available credit amount between the plurality of sub-credit accounts associated with the MCD or the user of the MCD, wherein the means for automatically allocating allocates based at least in part upon a guideline that defines allocation of the available credit, based at least in part on two or more of a concurrent credit balance, comparison of concurrent credit balances, a ratio of balance to credit limit, or a number of transactions undertaken in a threshold period of time, or a combination thereof, associated with the credit account or the one or more additional financial accounts;
• means for interfacing the MCD with a second device to exchange funds associated with the credit account to a financial account associated with the second device;
• and
• means for synchronizing the credit account at the mobile communication device and at an electronic server of the financial entity to reflect the exchange of funds, wherein the means for synchronizing synchronizes at least one peer to peer transaction that occurred while the MCD was offline, and wherein a communication network need not have been accessed to facilitate an autonomous credit approval for the at least one peer to peer transaction.