Integrating transaction features into a POS system

• US 20060224449A1
• Filed: 04/05/2005
• Published: 10/05/2006
• Est. Priority Date: 04/05/2005
• Status: Abandoned Application

• Current Assignee: First Data Corporation (Fiserv Incorporated)
• Original Assignee: First Data Corporation (Fiserv Incorporated)
• Inventors: Maurer, Timothy, Byerley, Douglas
• Application Number:
  US11/100,327
• Publication Number:
  US 20060224449A1
• Time in Patent Office: Days
• US Class Current: 705/14.270
• CPC Class Codes: G06Q 30/0226 Incentive systems for frequent usage, e.g. frequent flyer miles programs or point systems
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

A system to process transactions that includes a transaction terminal, and a transaction network selection device in communication with the transaction terminal and also in communication with a plurality of financial data networks, where the transaction network selection device selects one of the financial data networks to conduct the transaction, based on tender information supplied to the device. Also, a method of processing a transaction that includes providing a transaction terminal, and a transaction network selection device that is in communication with the transaction terminal and also in communication with a plurality of financial data networks, and selecting, with the transaction network selection device, one of the financial data networks to conduct the transaction based on tender information supplied to the device.

Claims

1. A system for conducting a transaction involving a rewards program, the system comprising:

a transaction terminal; and

a rewards program processing device in communication with the transaction terminal, wherein the device is adapted to select a transaction data network for conducting the transaction based at least in part on rewards program information supplied to the device.

2. The system of claim 1, further comprising a payment input terminal adapted to receive the rewards program information and coupled to the transaction terminal.

3. The system of claim 1, further comprising a product data input device adapted to receive product information and coupled to the transaction terminal.

4. The system of claim 3, wherein the transaction terminal is adapted to search for a product discount associated with the product information, and calculate an adjusted transaction amount based on the discount.

5. The system of claim 4, wherein the rewards program processing device is adapted to receive rewards data from the selected transaction data network.

6. The system of claim 5, wherein the transaction terminal is adapted to calculate a final transaction amount based on the adjusted transaction amount and the rewards data.

7. The system of claim 6, further comprising a display device coupled to the transaction terminal, the display device adapted to display the final transaction amount, and a savings amount comprising the difference between the final transaction amount and an initial product price.

8. The system of claim 1 wherein the rewards program processing device further comprises a printer.

9. A system to process transactions comprising:

a transaction terminal; and

a transaction network selection device in communication with the transaction terminal and also in communication with a plurality of financial data networks, wherein the transaction network selection device selects one of the financial data networks to conduct the transaction, based on tender information supplied to the device.

10. The system of claim 9, wherein the transaction network selection device is adapted to use reward program information to select the one financial data network to conduct the transaction.

11. The system of claim 9, wherein the transaction network selection device is adapted to translate data from the transaction terminal into a form that is understandable by the selected financial data network.

12. The system of claim 9, wherein the transaction network selection device is adapted to store data on multiple transactions in a memory before conducting the transaction on the selected financial network.

13. The system of claim 12, wherein the multiple transactions are parsed into groups based on the financial network selected to conduct the transaction.

14. The system of claim 13, wherein the groups of transactions are settled on the selected financial network in a batch process.

15. The system of claim 9, wherein the transaction is settled using the selected financial network before the system starts processing another transaction.

16. The system of claim 9, wherein the plurality of financial data networks comprises a first financial data network that uses the Internet, and a second financial data network that uses a private financial data network.

17. The system of claim 9, wherein the transaction network selection device is adapted to read tender information from a transaction card possessed by a customer participating in the transaction.

18. The system of claim 17, wherein the transaction card is selected from a group of cards consisting of a gift card, a stored-value card, a loyalty card, a credit card, a debit card, a check card, a health care spending account card, and a merchant-sponsored card.

19. The system of claim 9, wherein the transaction network selection device is adapted to read tender information from a check written by a customer participating in the transaction.

20. A method of processing a transaction comprising:

providing a transaction terminal, and a transaction network selection device that is in communication with the transaction terminal and also in communication with a plurality of financial data networks;

selecting, with the transaction network selection device, one of the financial data networks to conduct the transaction based on tender information supplied to the device.

21. The method of claim 20, further comprising receiving the tender information from a transaction card used by a customer for the transaction.

22. The method of claim 20, further comprising settling the transaction on the selected financial data network before starting another transaction.

23. The method of claim 20, further comprising:

starting multiple transactions at the transaction terminal; and

storing data on each of the multiple transactions in memory provided by the transaction network selection device, wherein the multiple transactions are parsed into groups based on the financial network selected to conduct the transaction.

24. The method of claim 23, wherein the method comprises:

settling the group of transactions on the selected financial network in a batch process.