The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Mar. 12, 2024
Filed:
Dec. 17, 2019
Bread Financial Payments, Inc., Columbus, OH (US);
Suman Rao Jangama, Delaware, OH (US);
Steinn Jonsson, Columbus, OH (US);
Jess Lawrence, Lewis Center, OH (US);
Gabriel Rostorfer, Columbus, OH (US);
Bipin Sadhwani, Lewis Center, OH (US);
Vinayak Swaminathan, Dublin, OH (US);
Manoj Ram Tammina, Columbus, OH (US);
BREAD FINANCIAL PAYMENTS, INC., Columbus, OH (US);
Abstract
A short-term authorized pass is disclosed. The method receives a request for a short-term authorized pass to be generated from a credit account of a first party and provided to a second party, the request includes an amount allocated to the short-term authorized pass. A sub-account is generated from the credit account by allocating a part of the credit account to form the sub-account. The credit limit on the sub-account is set to the amount identified by the first party, a virtual account number (VAN) is assigned to the sub-account, and the VAN of the sub-account is linked to the credit account. The short-term authorized pass is generated, using the VAN of the sub-account, and is provided to the second party. However, no funds are taken from the credit account of the first party until the short-term authorized pass is used.