US Patent 11341504 Realtime financial transaction approval

A method for approving financial transactions is described. In one embodiment, the method may include receiving, from a transaction interface, a transaction request to approve a financial transaction, determining a payment method of the financial transaction is associated with a regulated account, transmitting, based at least in part on the determining the payment method of the financial transaction is associated with the regulated account, an approval request to approve the financial transaction to a first administrator associated with the regulated account, and upon receiving a response to the approval request, transmitting to the transaction interface a transaction response message indicating whether the financial transaction is approved.