Spending account systems and methods

US7213750B1 · kind B1 · utility

Assignee

• American Express Travel Related Services Company, Inc. · US

Inventors

• Brian T. Barnes · South Jordan, US
• Peter Evans · Marble Hall, US
• Elliott Glazer · Midlothian, US
• William J. Gray · Peoria, US
• Jason S. Jagatic · Hoboken, US
• Dana J. Klaboe · Brooklyn, US
• Lisa Frances Marchese · Hyde Park, US
• Leigh Malnati · Mountain Lakes, US
• Elizabeth J. Taxin · Kingston, US

Key dates

• Filing date: Nov 19, 2004
• Grant date: May 8, 2007
• Expiry date: Feb 13, 2025

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/20
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system which facilitates the purchase of an item qualifying for pre-tax treatment utilizing at least one flexible spending account (FSA). A host computer may receive a request from a point of sale (POS) device to authorize payment for one or more items. The host computer may process the request to determine if the item qualifies for pre-tax treatment. If the item qualifies for pre-tax treatment, the host computer may transmit payment authorization to the POS device and debit at least one FSA and/or at least one non-FSA account.