Apparatus and method for providing account security

Details Apparatus and method for providing account security Apparatus and method for providing account security

1997-08-25

2000-04-04

Trammell, James P.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

825 3, 825 31, 825 33, 825 34, G06F 1760

Patent

active

060472707

ABSTRACT:
An apparatus and method for providing account security which includes a receiver for receiving one of a limitation and a restriction on usage of an electronic money account, wherein the one of a limitation and a restriction are received from an account holder, a memory device for storing the one of a limitation and a restriction, and a processor for processing a transaction on the electronic money account in conjunction with the one of a limitation and a restriction. The processor generates a first signal which contains information for one of approving and disapproving the transaction. An apparatus and method for providing account security which includes a receiver for receiving one of a limitation and a restriction on usage of a brokerage account, wherein the one of a limitation and a restriction are received from an account holder in real-time, a memory device for storing the one of a limitation and a restriction, and a processor for processing a transaction on the brokerage account in conjunction with the one of a limitation and a restriction. The processor generates a first signal which contains information for one of approving and disapproving the transaction.

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