System and method for child card payment
US7631803B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jul 12, 2006 |
| Grant date | Dec 15, 2009 |
| Priority date | — |
| Expiry date | Nov 30, 2026 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/403
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A transaction system suitable for payment by card includes a child account associated with a parent account. The transaction system receives from the parent a data set representing rules which specify on which purchases the child will benefit from an incentive such as discount, coupon, rebate or gift. Upon a purchase transaction with the child card, the system detects an eligible purchase by producing a result data set from the rules data entered by the parent and the particulars of the purchase transaction, where the result data represents the appropriate incentive granted, if any, and directs the system to charge the incentive cost to the parent account.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.