Restricted-use account payment administration apparatuses, methods and systems

US10586236B2 · kind B2 · utility

Assignee

• Visa International Service Association · US

Inventors

• Stacy Pourfallah · San Ramon, US
• Shaw Li · San Francisco, US

Key dates

• Filing date: Nov 10, 2018
• Grant date: Mar 10, 2020
• Expiry date: Nov 10, 2038

Classification

• Technology area (CPC G): Physics
• CPC primary: G06V30/224
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

The RESTRICTED-USE ACCOUNT PAYMENT ADMINISTRATION APPARATUSES, METHODS AND SYSTEMS (hereinafter “RUAP”) transform purchase item information inputs or purchase receipt inputs via RUAP components into restricted-use account payment settlement outputs. A method is disclosed, including: receiving a restricted-use account reimbursement request including receipt information related to a purchase transaction from a user; obtaining purchase item information from the receipt information included in the restricted-use account reimbursement request; identifying a restricted-use account of the user; determining a purchase item is eligible for the restricted-account usage; determining a reimbursement amount associated with the purchase item form the purchase item information; generating a reimbursement authorization request message including the purchase item information and the reimbursement amount; transmitting the reimbursement authorization request message to a restricted-account issuer for approval; and transacting the reimbursement amount from the restricted-use account to a user financial account upon the restricted-account issuer approval.