Bank of America has been granted a patent for its Active Card Control solution… »

The Active Card Control technology is an extension of it’s commercial card product suite. Using the technology, the client can reset the available funds on each card as frequently as necessary through a Web-based tool. When initially issued, cards will have $0 in available funds until the client is ready to pay the supplier. At that time, the client submits a purchase request through the Bank of America Works application, which uses the Active Card Control technology to fund individual cards with the exact amount of the invoices to be paid. When those purchases are billed to the card, the available funds go to zero.

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