a method of managing accounts relating to presentation instruments includes receiving at a host computer system information from a client defining an account management rule . the rule includes an event , a condition , and an action to be taken if the condition is satisfied upon the occurrence of the event . the method also includes monitoring a plurality of accounts for the occurrence of the event , upon the occurrence of the event for a specific account , evaluating the condition , based on the evaluation , taking the action , thereby managing the account without human intervention , and providing notification of the action to an individual .