Linking transaction cards with spending accounts

US7905399B2 · kind B2 · utility

Inventors

• Brian T. Barnes · South Jordan, US
• Michael Bliman · Matawan, US
• Sarah Harrison · New York, US
• Jason S. Jagatic · Hoboken, US
• Dana J. Klaboe · Brooklyn, US
• Leigh Malnati · Mountain Lakes, US

Key dates

• Filing date: May 4, 2006
• Grant date: Mar 15, 2011
• Expiry date: Apr 21, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A computer-implemented system and method to facilitate a purchase utilizing a flexible spending account, comprising the steps of: receiving, at a host computer, a request for payment authorization for an item; determining whether the item qualifies for pre-tax treatment; and when the item qualifies for pre-tax treatment: determining at least partial payment authorization for the item, transmitting the at least partial payment authorization for the item to a point of sale device; causing the flexible spending account to be debited for at least a portion of the purchasing amount of the item based on the payment authorization; and debiting a non-flexible spending account for an item not qualifying for pre-tax treatment.