Systems and methods for managing account information lifecycles
First Claim
1. A method for facilitating the management of data sets on a financial transaction instrument, wherein the financial transaction instrument is issued by an issuer, the method comprising the steps of adding, by a first owner, a first data set to the financial transaction instrument, wherein said first data set is owned by a first owner;
- adding, by a second owner, a second data set to the financial transaction instrument, wherein said second data set is owned by a second owner; and
storing a first data set and a second data set on the financial transaction instrument.
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Accused Products
Abstract
Systems and methods are configured to manage data sets associated with a financial transaction instrument. For example, a method is provided for facilitating the management of data sets on a financial transaction instrument that is issued by an issuer. The method includes the steps of: adding, by a first owner, a first data set to the financial transaction instrument, wherein the first data set is owned by a first owner; adding, by a second owner, a second data set to the financial transaction instrument, wherein the second data set is owned by a second owner; and storing the first data set and the second data set on the financial transaction instrument. The first and second data sets may each be stored as a Block of Binary. Furthermore, the first data set may be updated and/or deleted from the financial transaction instrument. In another example, a financial transaction instrument comprises a data set management system for facilitating the management of more than one data set, the financial transaction instrument comprising at least one data storage area configured to store a first data set and a second data set. The first and second data sets are associated with first and second owners, respectively, and are configured to be stored by their owners independent of each other.
115 Citations
19 Claims
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1. A method for facilitating the management of data sets on a financial transaction instrument, wherein the financial transaction instrument is issued by an issuer, the method comprising the steps of
adding, by a first owner, a first data set to the financial transaction instrument, wherein said first data set is owned by a first owner; -
adding, by a second owner, a second data set to the financial transaction instrument, wherein said second data set is owned by a second owner; and
storing a first data set and a second data set on the financial transaction instrument. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A financial transaction instrument comprising a data set management system for facilitating the management of more than one data set, said financial transaction instrument comprising:
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at least one data storage area configured to store a first data set and a second data set, said first data set associated with a first owner and said first data set configured to be stored by said first owner independent of a second owner; and
,said second data set associated with said second owner and said second data set configured to be stored by said second owner independent of said first owner. - View Dependent Claims (13, 14, 15, 16)
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17. A data management system comprising:
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a financial transaction instrument associated with a first data set and a second data set, wherein said financial transaction instrument is configured to facilitate at least one of a first data set owner and a user of said financial transaction instrument in managing said first data set associated with said financial transaction instrument without involvement of an issuer of said financial transaction instrument; and
an interaction device configured to communicate with said financial transaction instrument. - View Dependent Claims (18, 19)
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Specification