System and method for establishing and processing online transaction account based on awards resulting from transactions

• US 20030216998A1
• Filed: 05/20/2002
• Published: 11/20/2003
• Est. Priority Date: 05/20/2002
• Status: Abandoned Application

• Current Assignee: Netbuck Payment Service Company Limited
• Original Assignee: Netbuck Payment Service Company Limited
• Inventors: Chen, Cheng-Chi, Tsai, Hsin-Chieh, Chang, Chia-Chi
• Application Number:
  US10/147,877
• Publication Number:
  US 20030216998A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/06 Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/381 Currency conversion
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

The invention is to provide a data processing system and a method for establishing and processing an online transaction account based on transaction awards obtained by a person and offered by an issuer. The online transaction account is capable of storing tokens used over a network. An exchanging rule is previously provided and defines exchange between the transaction awards and the tokens. The system according to the invention includes a receiving module, an inquiring module and a processing module. The receiving module is for receiving a request information from the person. The request information indicates request of establishing the online transaction account and exchanging a predetermined amount of transaction awards within the transaction awards obtained by the person into tokens. The inquiring module is for generating an inquiry information based on the request information, and transmitting the inquiry information to the issuer. The processing module is for receiving from the issuer a response information responsive to the inquiry information through the inquiring module, and judging the response information to identify whether the transaction awards obtained by the person are valid. If the transaction awards obtained by the person are identified as being valid, the processing module also functions establishing the online transaction account on behalf of the person, exchanging the predetermined amount of transaction awards into tokens in accordance with the exchanging rule, and then storing the exchanged tokens into the established online transaction account.

Claims

1. A data processing system for establishing and processing an online transaction account based on transaction awards obtained by a person and offered by an issuer, said online transaction account being capable of storing tokens used over a network, an exchanging rule being previously provided and defining exchange between the transaction awards and the tokens, said system comprising:

a receiving module for

receiving from said person a request information indicative of establishing said online transaction account and exchanging a predetermined amount of transaction awards within the transaction awards obtained by said person into tokens;

an inquiring module for

generating an inquiry information based on the request information, and

transmitting the inquiry information to said issuer;

a processing module for

receiving from said issuer a response information responsive to the inquiry information through said inquiring module,

judging the response information to identify whether the transaction awards obtained by said person are valid, and

when the transaction awards obtained by said person are identified as being valid, establishing said online transaction account on behalf of said person, exchanging the predetermined amount of transaction awards into tokens in accordance with the exchanging rule, and storing the exchanged tokens into said established online transaction account.

2. The data processing system of claim 1, wherein the transaction awards result from transactions made by said person through use of a transaction tool issued by said issuer.

3. The data processing system of claim 2, wherein the transaction tool is one selected from the group consisting of a credit card, a co-branded credit card, a PIN card, a debit card, a chip card, a smart card and a membership card.

4. The data processing system of claim 3, wherein the transaction tool has a management account for storing the transaction awards obtained by said person.

5. The data processing system of claim 4, wherein the management account has a first account number, said online transaction account has a second account number, and the second account number is equal to the first account number.

6. A data processing method for establishing and processing an online transaction account based on transaction awards obtained by a person and offered by an issuer, said online transaction account being capable of storing tokens used over a network, a exchanging rule being previously provided and defining exchange between the transaction awards and the tokens, said method comprising the steps of:

(a) receiving from said person a request information indicative of establishing said online transaction account and exchanging a predetermined amount of transaction awards within the transaction awards obtained by said person into tokens;

(b) generating an inquiry information based on the request information;

(c) transmitting the inquiry information to said issuer to identify whether the transaction awards obtained by said person are valid;

(d) if YES in step (c), establishing said online transaction account on behalf of said person, exchanging the predetermined amount of transaction awards into tokens in accordance with the exchanging rule, and storing the exchanged tokens into said online transaction account.

7. The data processing method of claim 6, wherein the transaction awards result from transactions made by said person through use of a transaction tool issued by said issuer.

8. The data processing method of claim 7, wherein the transaction tool is one selected from the group consisting of a credit card, a co-branded credit card, a PIN card, a debit card, a chip card, a smart card and a membership card.

9. The data processing method of claim 8, wherein the transaction tool has a management account for storing the transaction awards.

10. The data processing method of claim 9, wherein the management account has a first account number, said online transaction account has a second account number, and the second account number is equal to the first account number.