US 8,799,153 B2 · Systems and methods for appending supplemental payment data to a transaction message

Abstract

A managing platform for appending supplemental payment data to a transaction message receives a transaction message representative of a credit card transaction from a merchant or an associated financial institution. The managing platform uses the transaction data contained in the transaction message and other information to determine whether the transaction satisfies one or more payment rules previously established by the cardholder. If the transaction satisfies a payment rule, the managing platform appends supplemental payment data to the transaction message in a format specified by a financial institution associated with the cardholder. The supplemental payment data includes information identifying a secondary payment account associated with the satisfied payment rule. The managing platform subsequently transmits the appended transaction message to the financial institution associated with the cardholder.

Claims24

Dependent claims

A method for using supplemental payment data to indicate that a secondary account funds a credit card transaction conducted between a cardholder and a merchant, the method comprising:

associating a secondary account with a credit card account, said credit card account maintained at a first financial institution;
defining one or more payment rules associated with said secondary account;
receiving, from a second financial institution, a transaction message associated with a credit card transaction using said credit card account, said transaction message comprising transaction data;
determining whether said transaction data satisfies at least one of said one or more payment rules;
appending, after said receiving, using a processor, supplemental payment data to said transaction message to form an appended transaction message when said transaction data satisfies at least one of said one or more payment rules, said supplemental payment data indicating that said credit card transaction is to be funded using said secondary account;
and
transmitting said appended transaction message to said first financial institution to be processed against the credit card account,
wherein funds are transferred from the secondary payment account to the credit card account based on the supplemental payment data.

5 more elements

A system for using supplemental payment data to indicate that a secondary account funds credit card transaction conducted between a cardholder and a merchant, the system comprising:

a user interface for receiving a secondary account identifier and at least one payment rule associated with the secondary account from the cardholder;
a storage device for storing data associating the secondary account with a credit card account associated with the cardholder and defining one or more payment rules associated with the secondary account, said credit card account maintained at a first financial institution;
a receiver for receiving a transaction message associated with a credit card transaction, said transaction message comprising transaction data;
a determination unit for determining whether the transaction data satisfies at least one of the one of more payment rules;
and
a data formatting unit for appending supplemental payment data to the transaction message to form the appended transaction message where the transaction data satisfies at least one of the one or more payment rules, the supplemental payment data indicating that the credit card transaction is to be funded using the secondary account;
and
a transmitter for transmitting an appended transaction message to the first financial institution to be processed against the credit card account,
wherein funds are transferred from the secondary payment account to the credit card account based on the supplemental payment data.

6 more elements

Dependencies are inferred from the claim text.

Systems and methods for appending supplemental payment data to a transaction message

Life of this patent

Systems and methods for appending supplemental payment data to a transaction message

Life of this patent

Abstract

Claims24