System and method for child card payment

Details System and method for child card payment System and method for child card payment

2006-07-12

2009-12-15

Lee, Michael G (Department: 2876)

Registers

Systems controlled by data bearing records

Credit or identification card systems

C705S039000, C705S044000

Reexamination Certificate

active

07631803

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.

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International Preliminary Report , PCT/US06/027505, Jul. 19, 2006.
International Search Report, PCT/US2006/27505, Sep. 25, 2008.
Written Opinion, PCT/US2006/27505, Sep. 25, 2008.

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