System and method for processing transactions using a multi-account transactions device

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United States of America Patent

PATENT NO 8459562
SERIAL NO

12557921

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A system and method for processing transactions using a multi-account transaction device. The method comprises the steps of: receiving at least one transaction particular relating to a transaction conducted with a multi-account transaction device; determining at least one first desired account associated with the multi-account transaction device to which the transaction will be posted; posting the transaction to the at least one first desired account; receiving at least one second desired account to which at least a portion of the transaction should be posted; posting the at least a portion of the transaction to the at least one second desired account; and reconciling the at least one first desired account.

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Patent Owner(s)

  • JPMORGAN CHASE BANK, N.A.

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Field, Manning R Media, US 24 664
Reinhard, Walter Brent Lansdale, US 16 620

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