Abstract: Embodiments of the prevent invention allow a primary user to create a dependent account in order to control and monitor the transactions made by a dependent user. The primary user can limit the transactions that the dependent user can make at a store or for products. The primary user can set transaction amount limits and transaction time limits on the transactions the dependent user can make. The primary user may also set allocation limits that limit the amount of an allowed transaction that can be applied to the dependent account. The difference between the allowed transaction amount and the allocation limit amount is paid for through the use of another account. The alternate account may be pre-determined, may be determined at the time of the transaction, or at a later point in time after the transaction has been completed between the dependent user and the merchant.

Abstract: Embodiments of the prevent invention allow a primary user to create a dependent account in order to control and monitor the transactions made by a dependent user that is authorized to use the dependent account. The primary user can limit the transactions that the dependent user can make at a store or for products. The primary user can set transaction amount limits and transaction time limits on the transactions the dependent user can make at the blocked/approved stores or on the blocked/approved products. The primary user can set other limits, such as transaction type limits (e.g., in store purchase vs online purchase, or the like), location limits (e.g., radius location, zip code, state, region, or the like), or variance limits (e.g., particular transactions may be a percentage or dollar amount over the limits).