Methods for processing a group of accounts corresponding to different products

US7076465B1 · kind B1 · utility

Assignee

• FIRST DATA CORPORATION · US

Inventors

• Lynn Blagg · Omaha, US
• Eugene Kathol · Omaha, US
• Paula Vovk · Omaha, US
• Debra Timmins · Omaha, US
• Carol Rashleigh · Omaha, US
• Michael Hodges · Omaha, US
• Darren D. Beck · Gretna, US

Key dates

• Filing date: Apr 23, 1999
• Grant date: Jul 11, 2006
• Expiry date: Apr 23, 2019

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Processing a group of accounts corresponding to different products. A group of accounts are linked together to create a group so that group processing can be performed at the group level while independent processing of the accounts is performed at the account level. Typically, a group includes a key account and one or more dependent accounts. The relationships between the accounts and the group are flexible to accommodate changes in the status of the group cardholders. Group level processing includes authorizing transactions, applying group payments, creating group statements, creating cardholder communications, and administering reward programs. Each dependent account has an associated dependent strategy that specifies group level processing options for the dependent account.