| CPC G06Q 40/12 (2013.12) [G06Q 20/10 (2013.01); G06Q 20/34 (2013.01)] | 20 Claims |
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1. A method for controlling spending, the method comprising the steps of:
receiving from a user at a server a plurality of spending categories, the server comprising one or more central processing units;
receiving a plurality of payment authorization requests from the user, wherein at least a subset of the plurality of payment authorization requests comprises an amount of an intended transaction and a category from the plurality of spending categories in which to categorize the intended transaction, wherein both the category and the amount relating to the intended transaction are manually entered by the user on a mobile application or a web-based application under the control of the user, and wherein each of the plurality of payment authorization requests is received from the mobile application or the web-based application;
in response to receipt of a payment authorization request comprising a manually entered category and an amount relating to an intended transaction from the user, temporarily activating a non-temporary debit card under the control of the user and/or temporarily allocating funds to the debit card for the intended transaction, and
in response to receipt of a payment authorization request lacking a manually entered category or an amount of an intended transaction, declining the intended transaction,
wherein the debit card automatically defaults to a zero balance and/or an inactive status other than for payment authorization requests comprising both a category and an amount of each intended transaction such that the debit card is only activated for temporary intervals of time following receipt of a payment authorization request comprising a category manually selected by the user.
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