System and method for transponder-enabled account transactions

• US 20070094084A1
• Filed: 05/19/2006
• Published: 04/26/2007
• Est. Priority Date: 08/01/2000
• Status: Active Grant

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: First USA Bank N.A. (JP Morgan Chase & Co)
• Inventors: Beechum, Gerald, Bertetti, Scott, Rau, Scott
• Granted Patent: US 8,781,905 B2
• Time in Patent Office: Days
• US Class Current: 705/16
• CPC Class Codes: G06F 21/00 Security arrangements for protecting computers, components thereof, programs or data against unauthorised activity
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/202 Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/206 comprising security or operator identification provisions, e.g. password entry
• CPC Class Codes: G06Q 20/208 Input by product or record sensing, e.g. weighing or scanner processing
• CPC Class Codes: G06Q 20/26 Debit schemes, e.g. "pay now"
• CPC Class Codes: G06Q 20/327 Short range or proximity payments by means of M-devices
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

A transponder-initiated transaction system is electromagnetically coupled to an account transponder device at the point of sale. The account transponder device may be embedded within a watch, key chain or other personal article for convenience or affinity. The transponder device may communicate account information to an RF-enabled point of sale device, enabling transactions to take place without resort to remote data processing facilities. In other embodiments partial or complete account information may be accessed or stored at co-located or remote sources. New account registrants may access a Web site to enter a transponder ID and activate a new account, which may be a credit account, debit account, cash account, special purpose vending account, or other types of accounts.

Claims

1. A system for transponder-enabled transactions, comprising:

a wireless interface to a transponder, the wireless interface for coupling to the transponder at a point of sale; and

a transaction interface, communicating with the wireless interface, the transaction interface operative to communicate with at least one network-enabled transaction device to permit the execution of a transaction at the point of sale.

2. The system of claim 1, wherein the wireless interface comprises at least one of an RF interface and an infrared interface.

3. The system of claim 1, wherein the transaction interface comprises a connection to a point of sale device.

4. The system of claim 3, wherein the point of sale device comprises an electronic sale register.

5. The system of claim 1, wherein the transponder stores account information which is accessible to execute the transaction.

6. The system of claim 5, wherein the account information comprises at least one of transponder ID information, account number information, account type information, account balance information, and account limit information.

7. The system of claim 1, wherein the transponder is embedded in a personal article.

8. The system of claim 1, further comprising a data interface to a data processing facility, the data processing facility communicating with the transaction device to execute the transaction.

9. The system of claim 1, further comprising a network registration interface, the network registration interface permitting an account subscriber to register the transponder with an account

10. The system of claim 1, wherein the transaction interface is operable to communicate with a transaction server to execute the transaction.

11. A method of transponder-enabled transactions, comprising:

a) coupling to a transponder at a point of sale via a wireless interface; and

b) communicating with at least one network-enabled transaction device via a traction interface to permit the execution of a transaction at the point of sale.

12. The method of claim 11, wherein the wireless interface comprises at least one of an RF interface and an infrared interface.

13. The method of claim 11, wherein the transaction interface comprises a connection to a point of sale device.

14. The method of claim 13, wherein the point of sale device comprises an electronic sale register.

15. The method of claim 11, further comprising a step of c) storing account information which is accessible to execute the transaction in the transponder.

16. The method of claim 15, wherein the account information comprises at least one of transponder ID information, account number information, account type information, account balance information, and account limit information.

17. The method of claim 11, wherein the transponder is embedded in a personal article.

18. The method of claim 11, further comprising communicating with a the data processing facility to execute the transaction.

19. The method of claim 11, further comprising a step of e) permitting an account subscriber to register the transponder with an account via a network registration interface.

20. The method of claim 11, wherein the transaction interface is operable to communicate with a transaction server to execute the transaction.