Apple Parental Controls: Apple E-Wallet Patent Information

“Various techniques are provided for establishing financial transaction rules to control one or more subsidiary financial accounts. In one embodiment, a financial account management application stored on a processor-based device may provide an interface for defining financial transaction rules to be applied to a subsidiary account. The financial transaction rules may be based upon transaction amounts, aggregate spending amounts over a period, merchant categories, specific merchants, geographic locations, or the like. The device may update the financial transaction rules associated with a subsidiary account by communicating the rules to an appropriate financial server. Accordingly, transactions made using the subsidiary account by a subsidiary account holder may be evaluated against the defined rules, wherein an appropriate control action is carried out if a financial transaction rule is violated.”

This latest patent from Apple Inc. (NASDAQ:AAPL) may end up being the next big thing. Of course, it may end up being put on the back burner like many other patents from the company. After all, the tech giant was awarded 1,136 patents in 2012.

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