RULE-BASED FUNDS ALLOCATION IN ELECTRONIC TRANSACTIONS

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United States of America Patent

APP PUB NO 20140358776A1
SERIAL NO

13908406

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A computer processor is used to determine, based on funds data that specifies at least an amount of received funds and a payor associated with a transaction, whether any allocation rule among a plurality of allocation rules is applicable for allocation of the received funds. If an allocation rule is applicable for allocation of the received funds, then the allocation rule is evaluated with the funds data to identify at least one account category, wherein each account category is associated with at least one account of a payee associated with the transaction. At least a portion of the received funds is allocated to at least one of the accounts associated with the identified account category or categories.

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Patent Owner(s)

Patent OwnerAddress
MASTERCARD INTERNATIONAL INCORPORATED2000 PURCHASE STREET PURCHASE NY 10577

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Platko, Elizabeth Cortlandt Manor, US 2 20
Xu, Wei Millwood, US 845 14882

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