System and process for performing purchase transactions using tokens
First Claim
Patent Images
1. A system for performing at least one payment transactions comprising:
- a token having a unique identifier associated with a particular automobile, where the automobile is held out as a trusted entity and the token interacts with a reader to perform the at least one payment transaction; and
at least one account associated with the token, where the at least one account makes payments as directed by interaction of the token and the reader.
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Accused Products
Abstract
The invention relates to a method and process by which an existing and large network of devices can be used by consumers to authenticate themselves, and permits each consumer to apply any of the various payments mechanisms available to him. The existing broadly distributed network is active and passive radio frequency identification (“RFID”) devices held by consumers. Various types of accounts are linked to devices and allow users to perform various purchase transactions, as well as nonfinancial transactions.
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Citations
48 Claims
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1. A system for performing at least one payment transactions comprising:
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a token having a unique identifier associated with a particular automobile, where the automobile is held out as a trusted entity and the token interacts with a reader to perform the at least one payment transaction; and
at least one account associated with the token, where the at least one account makes payments as directed by interaction of the token and the reader. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A system for registering a token, comprising:
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means for receiving a unique identifier from the token, where the token and the unique identifier are associated with a user or a key of a particular automobile, the automobile is held out as an entity trusted by a merchant and the token interacts with a reader to perform the at least one payment transaction;
means for creating at least one account associated with the token, where the account includes account information and makes payments as directed by interaction of the token and the reader;
means for receiving terms for the at least one account; and
means for storing the account information and the terms of the at least one account. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A process for registering a token, comprising:
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receiving a unique identifier from the token, where the token and the unique identifier are associated with a user or a key of a particular automobile, the automobile is held out as an entity trusted by a merchant and the token interacts with a reader to perform the at least one payment transaction;
creating at least one account associated with the token, where the account includes account information and makes payments as directed by interaction of the token and the reader;
receiving terms for the at least one account; and
storing the account information and the terms of the at least one account. - View Dependent Claims (26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36)
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37. A computer readable medium having code for causing a processor to register a token, comprising:
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code for receiving a unique identifier from the token, where the token and the unique identifier are associated with a particular automobile, the automobile is held out as a trusted entity and the token interacts with a reader to perform the at least one payment transaction;
code for creating at least one account associated with the token, where the account includes account information and makes payments as directed by interaction of the token and the reader;
code for receiving terms for the at least one account; and
code for storing the account information and the terms of the at least one account. - View Dependent Claims (38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48)
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Specification