Transaction processing systems and methods for per-transaction personal financial management

Abstract

Systems and methods for personal financial management for receiving payment for a transaction amount from a user includes means for receiving from the user a primary account number associated with a primary account having a plurality of subaccounts each having a subaccount indicator and means for receiving from the user a user selected subaccount indicator from among the plurality of subaccount indicators for processing of the transaction amount. The system also includes means for transmitting the primary account number and the subaccount indicator as received from the user to a financial institution for payment authorization of the transaction amount and means for receiving authorization from the financial institution responsive to the transmitting.

1 . A point of sale terminal with personal financial management support for the user comprising:
 a transaction interface for receiving transaction information including a transaction amount;   a card reader configured to read a financial card having a primary account with a primary account number associated with the financial card and to receive a user selected subaccount indicator from among a plurality of subaccount indicators each associated with a different subaccount within the primary account of the financial card; and   a network interface for communicating with a financial account management system including transmitting the transaction information, the primary account number, and the user selected subaccount indicator to the financial account management system and receiving a financial account management system reply thereto.   
     
     
         2 . The terminal of  claim 1  wherein the card reader is configured to receive a personal identification number and wherein the network interface is configured to transmit the personal identification number to the financial account management system. 
     
     
         3 . The system of  claim 1  wherein the card reader includes a user interface for receiving the personal identification number. 
     
     
         4 . The system of  claim 3  wherein the user interface is configured to receive the subaccount indicator from an input of the user. 
     
     
         5 . The system of  claim 3  wherein the user interface is configured to receive the subaccount indicator as a portion of the personal identification number entered by the user. 
     
     
         6 . The system of  claim 3  wherein the financial card is a credit card and wherein the user interface is configured to receive the subaccount indicator from the user in conjunction with the user authorizing the credit transaction. 
     
     
         7 . The system of  claim 1  wherein the subaccount indicator is a single digit number selected from the group of numbers between 0 and 9. 
     
     
         8 . The system of  claim 1  wherein the card reader is configured to read a debit card having a magnetic strip to obtain the primary account number. 
     
     
         9 . The system of  claim 8  wherein the card reader is configured to read the user selected subaccount indicator from the magnetic strip of the debit card in conjunction with reading the primary account number. 
     
     
         10 . The system of  claim 1  wherein the card reader is configured to read a magnetic strip of the financial card to obtain the primary account number and to read the user selected subaccount indicator from the magnetic strip of the debit card in conjunction with reading the primary account number. 
     
     
         11 . The system of  claim 1  wherein the financial card is a smart card, wherein the card reader is configured to receive from the smart card the primary account number and the user selected subaccount indicator. 
     
     
         12 . The system of  claim 1  wherein the financial card is a credit card, wherein the card reader is configured to receive user the user selected subaccount indicator associated with a credit transaction. 
     
     
         13 . A method of receiving payment for a transaction amount from a user with personal financial management support comprising:
 receiving from the user a primary account number associated with a primary account having a plurality of subaccounts each having a subaccount indicator;   receiving from the user a user selected subaccount indicator from among the plurality of subaccount indicators for processing of the transaction amount;   transmitting the primary account number and the subaccount indicator as received from the user to a financial institution for payment authorization of the transaction amount; and   receiving authorization from the financial institution responsive to the transmitting.   
     
     
         14 . The method of  claim 13 , further comprising:
 determining the transaction amount for a purchase by the user; and   finalizing the purchase by the user responsive to the received authorization.   
     
     
         15 . The method of  claim 13  wherein the financial card is a debit card and further comprising receiving a personal identification number that includes the user selected subaccount identifier. 
     
     
         16 . The method of  claim 13  wherein receiving the user selected subaccount indicator includes receiving the subaccount indicator on a user input device at a point of sale transaction terminal. 
     
     
         17 . The method of  claim 13  wherein receiving the user selected subaccount indicator and the primary account number includes receiving the primary account number at a card reader at transaction terminal. 
     
     
         18 . The method of  claim 13  wherein receiving the user selected subaccount indicator includes receiving the user selected subaccount indicator via at least one of a magnetic strip card reader, a user input device, and a smart card reader. 
     
     
         19 . A point of sale transaction processing system with personal financial management support for the user comprising:
 a card reader configured for receiving a primary account number from a financial card;   a transaction interface for receiving a transaction amount;   a user interface configured for receiving a user authorization;   a financial card processing module configured for processing of the received primary account number, transaction amount and the user authorization; and   a network interface configured for communicating with a financial account management system having a plurality of primary accounts each including a primary account identification and each primary account having a plurality of subaccounts, the network interface transmitting the primary account number, the transaction amount and the received subaccount identifier;   wherein the user interface is further configured for receiving a user input identifying a particular one of the plurality of subaccounts associated with the received primary account,   wherein the card processing module is further configured for receiving the user input identifying the particular subaccount and initiating a communication over the network interface of the received primary account identification, the received user authorization, the received transaction amount, and the received particular subaccount.   
     
     
         20 . A system for receiving payment for a transaction amount from a user with personal financial management support for the user comprising:
 means for receiving from the user a primary account number associated with a primary account having a plurality of subaccounts each having a subaccount indicator;   means for receiving from the user a user selected subaccount indicator from among the plurality of subaccount indicators for processing of the transaction amount;   means for transmitting the primary account number and the subaccount indicator as received from the user to a financial institution for payment authorization of the transaction amount; and   means for receiving authorization from the financial institution responsive to the transmitting.