SYSTEM AND METHOD FOR BENEFICIARY CONTROLLED USE OF PAID BENEFITS
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United States of America Patent
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Issued Date -
Feb 13, 2014
app pub date -
Aug 10, 2012
filing date -
Aug 10, 2012
priority date (Note) -
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Abstract
A method for distributing a controlled payment number includes: storing a financial account, the account including a payment card number and a beneficiary; offering a controlled payment number, wherein the number can be controlled based on at least one of a plurality of payment card use conditions; receiving, from the beneficiary, a request for a controlled payment number, the request including an indication of at least one payment card use condition; transmitting the payment card number and the at least one payment card use condition; receiving a controlled payment number associated with the at least one payment card use condition; associating the controlled payment number with the financial account; and distributing the controlled payment number, wherein the controlled payment number is subject to the at least one payment card use condition and the payment card number is not subject to the at least one payment card use condition.
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