System and method for processing financial transactions using multi-payment preferences
First Claim
1. A method for determining a method of payment, said method comprising:
- a customer transceiver associated with identification data for at least one customer;
a merchant transceiver associated with a point-of-sale terminal;
a host computer comprising a customer profile associated with the identification data;
a step comprising said merchant transceiver reading said identification data from said customer transceiver and transmitting said identification data to said point-of-sale terminal;
a step comprising transmitting said identification data to said host computer; and
a step comprising said host computer determining a preferred method of payment based upon the customer profile.
1 Assignment
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Accused Products
Abstract
The invention relates generally to retail transactions and, more particularly, to retail transaction systems and methods employing consumer preferences applicable to the transaction for goods and services. The customer profile may comprise customer preferences with regard to at least one method of payment. Based on the customer profile and/or other preference or transaction criteria, a preferred method of payment may be determined for a specific transaction. The provided methods, systems and processes may be used merely to identify a customer or in combination with transaction payment (e.g., payment for goods, services, or other financial transaction). The methods, systems and processes may also be used in combination with a loyalty program with a specific merchant or an association of merchants participating in a combined customer loyalty program.
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Citations
38 Claims
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1. A method for determining a method of payment, said method comprising:
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a customer transceiver associated with identification data for at least one customer;
a merchant transceiver associated with a point-of-sale terminal;
a host computer comprising a customer profile associated with the identification data;
a step comprising said merchant transceiver reading said identification data from said customer transceiver and transmitting said identification data to said point-of-sale terminal;
a step comprising transmitting said identification data to said host computer; and
a step comprising said host computer determining a preferred method of payment based upon the customer profile. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system for determining a method of payment according to a specific transaction, customer preferences, or combination thereof, said system comprising:
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a customer transceiver associated with identification data for at least one customer;
a transceiver associated with a point-of-sale terminal;
a host computer comprising a customer profile associated with the identification data, said customer profile comprising transaction preferences for at least one method of payment;
a step comprising said transceiver associated with said point-of-sale terminal reading said identification data from said customer transceiver and transmitting said identification data to said point-of-sale terminal;
a step comprising transmitting said identification data to said host computer; and
a step comprising said host computer selecting a preferred method of payment based upon transaction preferences, merchant acceptance indicators or criteria, transaction information, or combination thereof. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28)
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29. A system for determining a method of payment, said system comprising:
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means for transmitting information identifying a customer;
means for receiving said information identifying the customer, said means for receiving being associated with a point-of-sale terminal;
a host computer comprising a customer profile associated with the information identifying the customer;
means for communicating the information identifying the customer from the means for receiving to the point-of-sale terminal;
means for transmitting the information identifying the customer to the host computer; and
means for the host computer to determine a preferred method of payment based upon the customer profile, merchant acceptance indicators or criteria, transaction information, or combination thereof. - View Dependent Claims (30, 31, 32, 33, 34, 35, 36, 37, 38)
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Specification