Method for managing consumer accounts and transactions
First Claim
1. A computer-implemented method of performing a debit/PIN transaction using one of a plurality of existing credit accounts belonging to a consumer, the method comprising:
- providing account data to a compilation account service provider about the plurality of existing credit accounts belonging to the consumer;
providing the consumer with a compilation account associated with the plurality of existing credit accounts of the consumer;
storing preferences of the consumer that determine selection of one of the plurality of existing credit accounts belonging to the consumer;
the consumer performing a debit/PIN transaction using the compilation account; and
treating, at the compilation account service provider, the debit/PIN transaction as a credit transaction directed to one of the plurality of existing credit accounts based on the stored preferences of the consumer.
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Accused Products
Abstract
A method and system permits performing a debit/PIN transaction using one of a plurality of existing credit accounts belonging to a consumer. Account data is provided to a compilation account service provider about the plurality of existing credit accounts belonging to the consumer. The consumer is provided with a compilation account associated with the plurality of existing credit accounts of the consumer. Preferences of the consumer that determine selection of one of the plurality of existing credit accounts belonging to the consumer are stored. The consumer performs a debit/PIN transaction using the compilation account. At the compilation account service provider, the debit/PIN transaction is treated as a credit transaction directed to one of the plurality of existing credit accounts based on the stored preferences of the consumer.
100 Citations
18 Claims
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1. A computer-implemented method of performing a debit/PIN transaction using one of a plurality of existing credit accounts belonging to a consumer, the method comprising:
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providing account data to a compilation account service provider about the plurality of existing credit accounts belonging to the consumer;
providing the consumer with a compilation account associated with the plurality of existing credit accounts of the consumer;
storing preferences of the consumer that determine selection of one of the plurality of existing credit accounts belonging to the consumer;
the consumer performing a debit/PIN transaction using the compilation account; and
treating, at the compilation account service provider, the debit/PIN transaction as a credit transaction directed to one of the plurality of existing credit accounts based on the stored preferences of the consumer. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A computer-implemented method of performing a debit/PIN transaction using one of an existing credit account and an existing checking/savings account belonging to a consumer, the method comprising:
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providing account data to a compilation account service provider about the existing credit account and the existing checking/savings account belonging to the consumer;
providing the consumer with a compilation account associated with the existing credit account and the existing checking/savings account of the consumer, the compilation account having a personal identification number (PIN) associated therewith;
storing preferences of the consumer that determine selection of one of the existing credit account and the existing checking/savings account of the consumer;
the consumer performing a debit/PIN transaction using the compilation account by entering the PIN; and
treating, at the compilation account service provider, the debit/PIN transaction as one of (i) a credit transaction directed to the existing credit account and (ii) a debit transaction directed to the existing checking/savings account based on the stored preferences of the consumer. - View Dependent Claims (8, 9, 10, 11, 12)
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13. A computer-implemented method of performing a debit/PIN transaction using one of a plurality of existing credit accounts and an existing checking/savings account belonging to a consumer, the method comprising:
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providing account data to a compilation account service provider about the plurality of existing credit accounts and the existing checking/savings account belonging to the consumer;
providing the consumer with a compilation account associated with the plurality of existing credit accounts and the existing checking/savings account of the consumer, the compilation card having a first personal identification number (PIN) and a second PIN associated therewith;
the consumer performing a debit/PIN transaction using the compilation account by entering one of the first PIN and the second PIN; and
treating, at the compilation account service provider, the debit/PIN transaction as one of (i) a debit transaction directed to the existing checking/savings account when the first PIN is entered by the consumer and (ii) a credit transaction directed to one of the plurality of existing credit accounts when the second PIN is entered by the consumer, the credit transaction being directed to one of the plurality of existing credit accounts based on the stored preferences of the consumer. - View Dependent Claims (14, 15, 16, 17, 18)
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Specification