A system and method for the management of a device, including the establishment and enforcement of policies/rules associated with feature or functions that may be performed with the device. Modern devices are capable of many things, including making and receiving calls, exchanging data, playing games and music, sending and receiving email, accessing web sites, and paying for goods and services. Depending on who is using the device, such as a child, student, or an employee, there may be a need or desire to regulate how that device can be used and to determine who will pay for what goods or services. In addition to providing all of the features associated with a device, service providers need to be able to establish and enforce rules (policies) regulating how and when that device can be used and who will pay for a good or service requested by the user of the device.