Pre-paid activation and replenishment on a point-of-sale device
First Claim
1. A system for assessing the risk associated with a proffered promissory payment wherein the system is linked to at least one prepaid goods or service provider, the system comprising:
- a plurality of point of sale devices located within a plurality of distributed locations, wherein the plurality of point of sale devices acquire information about proffered promissory payments and also acquire information about requests for prepaid goods or services and wherein the plurality of point of sale devices include a communications interface for communicating information to individuals within the plurality of distributed locations; and
an authorizing host that is communicatively linked to the plurality of point of sale devices wherein the authorizing host receives the information about the proffered promissory payments and assesses the risk of accepting the proffered promissory payment and wherein the authorizing host communicates acceptance or decline information to the point of sale device corresponding to a particular proffered promissory payment and wherein the authorizing host is adapted to route a request for a prepaid good or service to the corresponding goods or services provider and then transmit acceptance or decline information to the point of sale device originating the request for prepaid good or service.
11 Assignments
0 Petitions
Accused Products
Abstract
A system and method for processing prepaid financial transactions. The system and method describe the utilization of one or more remote terminals that are adapted to acquire transaction information from a user and transmit a first signal indicative of the transaction information. The remote terminal is further adapted to receive a second signal indicative of authorizing information that is delivered to the user. In addition, an authorizing host is adapted to receive the first signal transmitted by the one or more remote terminals. In one aspect, the authorizing host routes the first signal including the transaction information to an exchange host for approval of the financial transaction, and the exchange host transmits the second signal including the authorizing information to the remote terminal via the authorizing host.
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Citations
41 Claims
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1. A system for assessing the risk associated with a proffered promissory payment wherein the system is linked to at least one prepaid goods or service provider, the system comprising:
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a plurality of point of sale devices located within a plurality of distributed locations, wherein the plurality of point of sale devices acquire information about proffered promissory payments and also acquire information about requests for prepaid goods or services and wherein the plurality of point of sale devices include a communications interface for communicating information to individuals within the plurality of distributed locations; and
an authorizing host that is communicatively linked to the plurality of point of sale devices wherein the authorizing host receives the information about the proffered promissory payments and assesses the risk of accepting the proffered promissory payment and wherein the authorizing host communicates acceptance or decline information to the point of sale device corresponding to a particular proffered promissory payment and wherein the authorizing host is adapted to route a request for a prepaid good or service to the corresponding goods or services provider and then transmit acceptance or decline information to the point of sale device originating the request for prepaid good or service. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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- 8. A point of sale device adapted to be positioned within a store for transmitting financial information about proffered promissory payments to a central authorizing agency, wherein the point of sale device is further adapted to receive requests for prepaid goods and services and transmit those requests to the central authorizing agency for subsequent retransmission to the prepaid goods and service provider, and wherein the point of sale device is further adapted to provide approval or decline information about the proffered promissory payments and the prepaid goods and service requests to individuals.
- 14. A system for processing requests for prepaid goods and service, the system comprising a risk assessment system having a plurality of distributed transaction devices located at a plurality of different locations and a authorizing host that receives information about proffered promissory payments from the plurality of distributed transaction devices, wherein the authorizing host performs a risk assessment on the proffered promissory payments and sends approval or decline signals to the distributed transaction device where the proffered promissory payment originated, wherein the risk assessment system is configured to allow individuals to send requests for prepaid goods and services via the risk assessment system to prepaid good and services vendors independent of the risk assessment system and receive approval information from the goods and service vendors via the risk assessment system.
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21. A method of processing financial transactions, the method comprising:
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transmitting data about a proffered promissory payment offered at a remote location to a central authorization host;
performing risk assessment on the proffered promissory payment;
transmitting an acceptance or decline of the proffered promissory payment from the central authorization host to the remote location;
transmitting data about a request for a prepaid good and service from the remote location to a prepaid goods and service provider via the central authorization host;
providing authorization information to the remote location from the prepaid good and service provider via the central host. - View Dependent Claims (22, 23, 24, 25)
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26. A system for processing financial transactions comprising:
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means for transmitting information including financial data and requests for prepaid goods and services to and from a plurality of remote locations;
means for evaluating financial data from the means for transmitting information to ascertain the risk of accepting proffered promissory payments wherein the means for evaluating financial data includes means for retransmitting requests for prepaid goods and services to an external goods and service provider and means for transmitting authorization information from the external goods and service provider to the means for transmitting financial data and requests for prepaid services. - View Dependent Claims (27, 28, 29, 30, 31, 32, 33)
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34. A system for assessing the risk associated with a proffered promissory payment wherein the system is linked to at least one prepaid goods or service provider, the system comprising:
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a plurality of point of sale devices located within a plurality of distributed locations, wherein the plurality of point of sale devices acquire information about a first type of financial transaction and also acquire information about a second type of financial information and wherein the plurality of point of sale devices include a communications interface for communicating information to individuals within the plurality of distributed locations; and
an authorizing host that is communicatively linked to the plurality of point of sale devices wherein the authorizing host receives the information about the first type of financial transaction assesses the risk of associated with the first type of financial transaction and wherein the authorizing host communicates acceptance or decline information to the point of sale device corresponding to first type of financial transaction and wherein the authorizing host is adapted to route information about the second type of financial information to a corresponding external provider and then transmit acceptance or decline information to the point of sale device originating the second financial transaction. - View Dependent Claims (35, 36, 37, 38, 39, 40, 41)
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Specification