Financial transaction system with integrated, automatic reward detection
First Claim
1. A financial transaction system including integrated detection of reward or discount entitlement comprising:
- a point of sale terminal at which financial information is gathered from a payment media, said point of sale terminal configured to transmit payment information to a remote location for verification;
one or more RFID transponders configured to provide reward information;
an RFID reader associated with said point of sale terminal, said RFID reader configured to read said reward information from an RFID transponder located in the vicinity thereof, said RFID reader configured to provide said reward information to said point of sale terminal for use in determining eligibility for a reward or discount associated with a commercial transaction processed by said point of sale terminal.
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Accused Products
Abstract
A financial transaction system includes point of sale terminals having associated radio frequency tag or transponder detectors. The radio frequency transponder detectors are configured to read reward account code or information provided by a transponder. The system utilizes the reward or account code or information to generate discounts or awards for a transaction processed by the point of sale terminal. The system of the invention facilitates customer reward processing at the same time a purchase or transaction occurs. The invention also comprises various methods and system for creating and managing accounts, including reward accounts.
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Citations
7 Claims
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1. A financial transaction system including integrated detection of reward or discount entitlement comprising:
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a point of sale terminal at which financial information is gathered from a payment media, said point of sale terminal configured to transmit payment information to a remote location for verification;
one or more RFID transponders configured to provide reward information;
an RFID reader associated with said point of sale terminal, said RFID reader configured to read said reward information from an RFID transponder located in the vicinity thereof, said RFID reader configured to provide said reward information to said point of sale terminal for use in determining eligibility for a reward or discount associated with a commercial transaction processed by said point of sale terminal. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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Specification