System and method for processing qualified healthcare account related financial transactions

摘要

This invention relates to a system and method for processing qualified healthcare account transactions (e.g., HFA, Health FSA, and HRA) and non-qualified credit card transactions within a transaction processing system. In particular, this invention relates to a multi-purse payment device associated with a transaction processing system for auto-substantiating qualified healthcare transactions.

主权项

1. A computer implemented method for processing consumer healthcare account related reimbursement eligible transactions, the computer implemented method comprising:
issuing a user a credit card payment device associated with a credit account and a consumer healthcare account, the credit card payment device effecting payment from a first payment source for purchases eligible for reimbursement by the consumer healthcare account pursuant to one or more transaction rules governing the eligibility for reimbursement of purchases made by consumer healthcare accounts, and effecting payment from a second payment source for purchases not eligible for reimbursement by the consumer healthcare account, wherein said transaction rules determine the reimbursement eligibility of the purchases; identifying a user transaction made with the payment device at a merchant for one or more purchases; receiving merchant data regarding the user transaction including an authorization request; determining, using a computer processor, whether the user transaction is authorized and transmitting a response to the authorization request; and debiting the user from the second payment source if the transaction is unauthorized, and performing reimbursement steps if the transaction is authorized, and if at least a portion of the transaction is eligible for reimbursement, the reimbursement steps including;
identifying, using a reimbursement engine including computer processing components, reimbursable expenses in the transaction based at least in part on the merchant data;transmitting a reimbursement request using the computer processing components to a consumer healthcare account administrator for reimbursable expenses;receiving a reimbursement request response at the reimbursement engine from the consumer healthcare account administrator; andreimbursing the user for reimbursable expenses implementing computer processing components of a reimbursement application engine based at least in part on the reimbursement request response from the consumer healthcare account administrator.