PURCHASE LIMITS WITH PRIMARY ACCOUNT HOLDER CONTROL

摘要

Embodiments of the prevent invention allow a primary user to create a dependent account in order to control and monitor the transactions made by a dependent user that is authorized to use the dependent account. The primary user can limit the transactions that the dependent user can make at a store or for products. The primary user can set transaction amount limits and transaction time limits on the transactions the dependent user can make at the blocked/approved stores or on the blocked/approved products. The primary user can set other limits, such as transaction type limits (e.g., in store purchase vs online purchase, or the like), location limits (e.g., radius location, zip code, state, region, or the like), or variance limits (e.g., particular transactions may be a percentage or dollar amount over the limits).

主权项

1. A dependent transaction system, comprising:
a memory device; and a processing device operatively coupled to the memory device, wherein the processing device is configured to execute computer-readable program code to:
receive a request from a primary user to set limits on a dependent account in order to control transactions a dependent user is permitted to make using the dependent account;save the one or more limits on the dependent account;receive a request from a merchant for a transaction using the dependent account;receive transaction information related to the transaction;compare the transaction information for the transaction against the one or more limits on the dependent account;deny the transaction when the one or more limits are not met; andallow the transaction when the one or more limits are met.