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:
Apr. 27, 2010
Filed:
Nov. 19, 2002
Kevin A. O'neil, Toronto, CA;
Kevin A. O'Neil, Toronto, CA;
International Business Machines Corporation, Armonk, NY (US);
Abstract
An account associated with a card is characterized by one or more budgetary items (collectively contained within a budget) that may be created by the card holder, account holder or a third party. A budgetary item may be created based on a time period regardless of the funds presently in the account. A budgetary item may be categorized by function, item or merchant. For example, a budgetary item may be created for 'household supplies', 'shoes' or “The Gap”. The budget may be stored by the card itself, a financial institution or by a third party. When a purchase is being made, a transaction is initiated between the merchant/supplier of the goods or services and the account holder similar to conventional transactions. The budgetary items are used to determine, in part, whether a proposed financial transaction is to be authorized, in whole or in part, or rejected, in whole or in part.