Quynh Hoa Pham

US Patent:

20070023504, Feb 1, 2007

Filed:

May 19, 2006

Appl. No.:

11/437052

Inventors:

Barry Blankenship - Katy TX, US
Keith Fulton - Tulsa OK, US
Milton Li - Houston TX, US
Quynh Pham - Houston TX, US

International Classification:

G06K 5/00
G06Q 40/00

US Classification:

235380000, 705044000

Abstract:

A system, method, computer program and product to allow a card processor to use a single card with a card account number for payment from different account fund buckets. The first account fund bucket is an unrestricted general account fund bucket with funds available to make purchases of goods and services. The second account fund bucket is a restricted account fund bucket that can be used for the purchase of third party administrator approved goods and services. The card processor determines if a transaction is for third party administrator approved goods and services. If the requested transaction is for approved goods and services, the card processor deducts the costs of the approved goods and services first from the second restricted account fund bucket, and then from the first unrestricted account fund bucket. If sufficient funds are not available in the multiple account buckets, the card processor denies the requested transaction.