Bank of America Corporation
EXTENDED PAYMENT INSTRUMENT

Abstract:

Apparatus and methods are provided for a donor to extend funds and/or a line-of-credit from a personal account to a donee. The donor may provide donor credentials to the donee. The donor credentials may be added to a payment instrument of the donee. Adding the donor credentials to the donee payment instrument may "extend" the donee payment instrument. The donor may impose restrictions on using the donor credentials. For example, the donee may only use the donor credentials at specific places and for purchases within category limits. In some embodiments, when a donee exceeds a limit associated with donor credentials, an alert is sent to the donor. The alert notifies the donor and requests authorization for the donee to continue using the donor credentials.