Methods and systems for processing transactions for integrated credit and stored-value programs
First Claim
1. A method for processing a transaction with a customer at a point of sale, the method comprising:
- receiving, at a point-of-sale device, a cost for the transaction;
receiving, at the point-of-sale device, instrument-identification information identifying an instrument associated with a stored-value account and a credit account, wherein the stored-value account and the credit account were linked substantially contemporaneously with issuance of the instrument to the customer;
generating a request to select a distribution of the cost for the transaction among the stored-value and credit accounts for presentation at the point-of-sale device; and
transmitting, from the point-of-sale device, instructions to apply the cost for the transaction to the stored-value and credit accounts in accordance with a received response to the request.
13 Assignments
0 Petitions
Accused Products
Abstract
Methods and systems enable a transaction to be processed with a customer at a point of sale with a combined stored-value and credit instrument. A cost for the transaction is received at a point-of-sale device. In addition, instrument-identification information is received identifying an instrument associated with a stored-value account and a credit account. The stored-value account and the credit account were linked substantially contemporaneously with issuance of the instrument to the customer. A request is generated to select a distribution of the cost for the transaction among the stored-value and credit accounts for presentation at the point-of-sale device. Instructions are transmitted from the point-of-sale device to apply the cost for the transaction to the stored-value and credit accounts in accordance with a received response to the request.
51 Citations
22 Claims
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1. A method for processing a transaction with a customer at a point of sale, the method comprising:
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receiving, at a point-of-sale device, a cost for the transaction;
receiving, at the point-of-sale device, instrument-identification information identifying an instrument associated with a stored-value account and a credit account, wherein the stored-value account and the credit account were linked substantially contemporaneously with issuance of the instrument to the customer;
generating a request to select a distribution of the cost for the transaction among the stored-value and credit accounts for presentation at the point-of-sale device; and
transmitting, from the point-of-sale device, instructions to apply the cost for the transaction to the stored-value and credit accounts in accordance with a received response to the request. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for processing a transaction with a customer at a point of sale, the method comprising:
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receiving, at a point-of-sale device, a cost for the transaction;
receiving, at the point-of-sale device, instrument-identification information identifying an instrument associated with a stored-value account and a credit account;
transmitting instructions, from the point-of-sale device, to apply a portion of the cost equal to a current value stored in the stored-value account to the stored-value account; and
transmitting instructions, from the point-of-sale device, to apply an excess of the cost over the current value stored in the stored-value account to the credit account. - View Dependent Claims (9, 10, 11)
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12. A computer-readable storage medium having a computer-readable program embodied therein for directing operation of a point-of-sale device including an input device, a communications system, and a processor, wherein the computer-readable program includes instructions for operating the point-of-sale device to process a transaction with a customer at a point of sale in accordance with the following:
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receiving, with the input device, a cost for the transaction;
receiving, with the input device, instrument-identification information identifying an instrument associated with a stored-value account and a credit account, wherein the stored-value account and the credit account were linked substantially contemporaneously with issuance of the instrument to the customer;
generating, with the processor, a request to select a distribution of the cost for the transaction among the stored-value and credit accounts for presentation at the point-of-sale device; and
transmitting, with the communications system, instructions to apply the cost for the transaction to the stored-value and credit accounts in accordance with a received response to the request. - View Dependent Claims (13, 14, 15, 16, 17, 18)
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19. A computer-readable storage medium having a computer-readable program embodied therein for directing operation of a point-of-sale device including an input device, a communications system, and a processor, wherein the computer-readable program includes instructions for operating the point-of-sale device to process a transaction with a customer at a point of sale in accordance with the following:
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receiving, with the input device, a cost for the transaction;
receiving, with the input device, instrument-identification information identifying an instrument associated with a stored-value account and a credit account;
transmitting, with the communications system, instructions to apply a portion of the cost equal to a current value stored in the stored-value account to the stored-value account; and
transmitting, with the communications system, instructions to apply an excess of the cost over the current value stored in the stored-value account to the credit account. - View Dependent Claims (20, 21, 22)
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Specification