PAYMENT VEHICLE FOR BUDGETING

摘要

Methods for providing a payment vehicle that includes a plurality of virtual budgeting accounts to which deposits can be allocated and from which payments can be automatically deducted based on transaction information and rules configured by the user. The user can allocate funds loaded onto the payment vehicle among the budget accounts they have created. Then, when making purchases, the funds will be deduced from the appropriate virtual budgeting accounts based on rules configured by the user. If insufficient funds remain in the appropriate budget account, then the card can be declined for that purchase, thereby automating the process of compliance with the user's defined budget.

主权项

1. A method of budgeting funds using a payment vehicle, comprising the steps of:
allocating funds into a plurality of virtual budgeting accounts; receiving transaction information for a payment using the payment vehicle including a payment amount; determining an assigned virtual budgeting account of the plurality of virtual budgeting accounts based on the transaction information; and upon further determining that an available balance for the payment vehicle is greater than the payment amount and the balance of the assigned virtual budgeting account is greater than the payment amount:
approving the transaction;deducting the payment amount from the balance of the assigned virtual budgeting account.