TRANSACTION AUTHORIZATION CONTROL AND ACCOUNT LINKING INVOLVING MULTIPLE AND SINGULAR ACCOUNTS OR USERS

摘要

Systems and methods for controlling authorized transactions associated with an account and for linking multiple accounts are disclosed. The systems and methods may be implemented over a network and may include receiving input from an account holder and/or account user, each of which may communicate with the system through a user interface displayed on a computing device such as a computer, laptop, tablet, or smartphone. The system may allow one or more account holders to restrict the scope of permissible transactions associated with an account by updating transaction restriction parameters stored in memory. The system may further allow one or more accounts to be linked according to one or more link parameters. Where an account is associated with multiple authorized account holders, the system may facilitate a negotiation process through which the multiple holders concur on changes to transaction restriction parameters and/or link parameters before the system implements the same.

主权项

1. A method for controlling transactions associated with an account having multiple authorized account holders, the method comprising:
receiving a request from a first account holder to access an account; and executing instructions stored in memory, wherein execution of the instructions by a processor:
grants the first account holder access to the account;receives from the first account holder a request to update a transaction restriction parameter stored in memory, wherein the transaction restriction parameter is associated with the account and restricts the ability of an account user to use the account for transactions; andupdates the transaction restriction parameter.