Systems and methods for approval of an allocation

US7899744B2 · kind B2 · utility

Assignee

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

Inventors

• Fred Bishop · Glendale, US
• Bansi L. Sharma · New York, US
• Tracey R. Thomas · New York, US

Key dates

• Filing date: Jan 16, 2009
• Grant date: Mar 1, 2011
• Expiry date: Aug 17, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.