Point-of-transaction machine with improved versatility and related method
First Claim
Patent Images
1. A method comprising:
- providing a universal account card having a memory, the memory storing a plurality of account identifiers, each account identifier being associated with an account which may be debited to fund a sales transaction, at least one of the account identifiers being associated with a securities account;
reading the account identifiers from the universal account card;
selecting one of the accounts to fund the sales transaction; and
debiting the one account to obtain proceeds to fund the sales transaction.
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Abstract
A system and method for conducting sales transactions in a manner that permits a user to access all aspects of their finances to debit or withdraw funds from an account to fund a sales transaction. The system employs a universal account card that permits the user to link to a server associated with a given account. Linking may be achieved through a terminal, which may be employed to read information from the universal account card, and a network that relays information between the server associated with the given account and the terminal.
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Citations
24 Claims
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1. A method comprising:
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providing a universal account card having a memory, the memory storing a plurality of account identifiers, each account identifier being associated with an account which may be debited to fund a sales transaction, at least one of the account identifiers being associated with a securities account;
reading the account identifiers from the universal account card;
selecting one of the accounts to fund the sales transaction; and
debiting the one account to obtain proceeds to fund the sales transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. A method comprising:
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providing a universal account card having a memory, the memory storing a plurality of account identifiers, each account identifier being associated with an account which may be debited to fund a sales transaction, each account identifier being associate with a financial institution, a non-financial institution or a cash account, at least one of the account identifiers being associated with a securities account at a non-financial institution;
reading the account identifiers from the universal account card;
selecting one of the accounts to fund the sales transaction;
withdrawing funds from the one account; and
transferring at least a portion of the withdrawn funds to a seller account to at least partially consummate the sales transaction. - View Dependent Claims (19, 20, 21, 22, 23, 24)
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Specification