Multiple account advanced payment card and method of routing card transactions
First Claim
1. A method for accessing, through a financial processing chain, multiple accounts associated with a single financial card containing data regarding the multiple accounts comprising the steps of:
- receiving selection information designating a selected account for use in a transaction involving the financial card;
reading relevant account identification information from the financial card in conjunction with the transaction, said relevant account identification information selected from among the data regarding the multiple accounts based on the selection information;
creating transaction information regarding the transaction;
forming a transaction request including the relevant account identification information and the transaction information; and
routing the transaction request through the financial processing chain based on the account information to access the selected account.
5 Assignments
0 Petitions
Accused Products
Abstract
A system of accessing through a financial processing network multiple accounts associated with a single financial card. Data is input to the financial network in addition to the transaction data and the account identification data that in read from the card. This addition data permits the proper account to be accessed. The data may be input at the point of sale as an account selection. In this instance, the selection may be used to route the transaction data through the financial processing network or may be used to read data regarding one of multiple accounts encoded on the card. The data may also be stored as conditional routing rules at transfer points in the financial processing network. In this instance, the transaction is routed to the proper account based on the stored rules.
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Citations
10 Claims
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1. A method for accessing, through a financial processing chain, multiple accounts associated with a single financial card containing data regarding the multiple accounts comprising the steps of:
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receiving selection information designating a selected account for use in a transaction involving the financial card;
reading relevant account identification information from the financial card in conjunction with the transaction, said relevant account identification information selected from among the data regarding the multiple accounts based on the selection information;
creating transaction information regarding the transaction;
forming a transaction request including the relevant account identification information and the transaction information; and
routing the transaction request through the financial processing chain based on the account information to access the selected account.
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2. A method for accessing, through a financial processing chain, multiple accounts associated with a single financial card containing data regarding the multiple accounts comprising the steps of:
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reading the data regarding the multiple accounts from the financial card for use in a transaction regarding the financial card;
receiving selection information designating a selected account to be accessed with respect to the transaction;
selecting relevant account identification information based on the selection information;
creating transaction information regarding the transaction;
forming a transaction request including the relevant account identification information and the transaction information; and
routing the transaction request through the financial processing chain based on the account information to access the selected account.
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3. A method for accessing, through a financial processing chain, multiple accounts associated with a single financial card comprising the steps of:
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reading identification information from the financial card for use in a transaction regarding the financial card;
creating transaction information regarding the transaction;
receiving selection information regarding a selected account to access with respect to the transaction;
forming a transaction request including the identification information, transaction information, and selection information;
routing the transaction request through the financial processing chain based on the identification information and the selection information. - View Dependent Claims (4, 5)
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6. A method for accessing, through a financial processing chain, multiple accounts associated with a single financial card comprising the steps of:
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defining rules for routing types of transactions for which the financial card may be used;
reading identification information from the financial card during a transaction involving the financial card;
creating transaction information regarding the transaction;
forming a transaction request including the identification information and the transaction information; and
routing the transaction request through the financial processing chain based on the rules to conditionally accesses at least one of the multiple accounts. - View Dependent Claims (7, 8, 9)
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10. A method for accessing, through a financial processing chain, multiple accounts associated with a single financial card comprising the steps of:
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reading identification information from the financial card during a transaction involving the financial card;
creating transaction information regarding the transaction;
forming a transaction request including the identification information and the transaction information;
routing the transaction request through the financial processing chain;
storing the transaction request;
receiving selection information associated with the transaction request regarding a selected account in which to post the transaction; and
accessing the selected account based on the selection information.
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Specification