Method and system for performing purchase and other transactions using tokens with multiple chips
First Claim
1. A multiple purpose token, comprising:
- a first chip that is associated with a security feature for an electronic device that is separate from the multiple purpose token, the security feature rendering the electronic device inoperable; and
a second chip that is associated with a protocol for accessing a central controller via a network, wherein the second chip is associated with a transaction account;
wherein the electronic device activates the security feature and renders the electronic device inoperable when the first chip is moved outside a predetermined distance from the electronic device.
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Accused Products
Abstract
An embodiment of the present invention is directed to devices with multiple chips for facilitating small purchase transactions through a stored value account while also permitting other transactions through a network as directed by the user. According to an embodiment of the present invention, a method and system for performing at least one transaction may involve identifying a token used to perform a transaction wherein the token is read at a reader associated with a service provider, the token comprising at least two chips, a first chip associated with a first protocol accessing a local system and a second chip associated with a second protocol accessing a central controller via a network; identifying an appropriate protocol for the transaction; routing the transaction to the appropriate protocol; identifying at least one account for funding the transaction; authenticating the transaction; and funding the transaction through the at least one account.
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Citations
16 Claims
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1. A multiple purpose token, comprising:
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a first chip that is associated with a security feature for an electronic device that is separate from the multiple purpose token, the security feature rendering the electronic device inoperable; and a second chip that is associated with a protocol for accessing a central controller via a network, wherein the second chip is associated with a transaction account; wherein the electronic device activates the security feature and renders the electronic device inoperable when the first chip is moved outside a predetermined distance from the electronic device. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A multiple purpose token, comprising:
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a first chip that is associated with a security feature for an electronic device that is separate from the multiple purpose token, the security feature obscuring or hiding data on a display associated with the electronic device; a second chip that is associated with a protocol for accessing a central controller via a network, wherein the second chip is associated with a transaction account; and wherein the electronic device activates the security feature when the first chip is moved outside a predetermined distance from the electronic device. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16)
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Specification