US 11,928,676 B2
Short-term authorized pass
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); and Manoj Ram Tammina, Columbus, OH (US)
Assigned to BREAD FINANCIAL PAYMENTS, INC., Columbus, OH (US)
Filed by BREAD FINANCIAL PAYMENTS, INC., Columbus, OH (US)
Filed on Dec. 17, 2019, as Appl. No. 16/717,734.
Claims priority of provisional application 62/780,867, filed on Dec. 17, 2018.
Prior Publication US 2020/0193423 A1, Jun. 18, 2020
Int. Cl. G06Q 20/38 (2012.01); G06Q 20/28 (2012.01); G06Q 20/32 (2012.01); G06Q 20/34 (2012.01); G06Q 20/36 (2012.01); G06Q 40/02 (2023.01)
CPC G06Q 20/385 (2013.01) [G06Q 20/28 (2013.01); G06Q 20/322 (2013.01); G06Q 20/3226 (2013.01); G06Q 20/3255 (2013.01); G06Q 20/342 (2013.01); G06Q 20/3437 (2013.01); G06Q 20/348 (2013.01); G06Q 20/354 (2013.01); G06Q 20/36 (2013.01); G06Q 40/02 (2013.01)] 16 Claims
OG exemplary drawing
 
1. A method for providing a short-term authorized pass from a first party to a second party, the method comprising:
receiving, at a credit account management system, a request for a short-term authorized pass to be provided from a credit account of the first party to the second party,
the request comprising:
an amount to be allocated to the short-term authorized pass, and
an identifier for the second party;
generating a sub-account from the credit account, comprising:
allocating a part of the credit account to form a sub-account;
setting a credit limit on the sub-account to the amount to be allocated;
assigning a virtual account number (VAN) to the sub-account; and
generating the short-term authorized pass using the VAN of the sub-account, the short-term authorized pass is generated in a digital format;
electronically transmitting, from the credit account management system and to a mobile device of the second party, the short-term authorized pass, wherein no funds are taken from the credit account of the first party until the short-term authorized pass is used, said short-term authorized pass comprises:
a scannable code;
automatically adding said short-term authorized pass to a digital wallet on said mobile device of said second party when said short-term authorized pass is received at said mobile device of said second party;
performing a transaction with said authenticated short-term authorized pass;
providing an indicator to the first party when the short-term authorized pass is used to make a purchase; and
reducing said credit limit on said sub-account by an amount of money spent for said transaction.