INTEGRATED HEALTHCARE AND FINANCIAL CARD
First Claim
1. A magnetic swipe card for storing and transmitting data comprising a magnetic stripe having at least two tracks holding encoded data wherein a first track at least includes data for at least one first party payment source and a second track at least includes data for healthcare eligibility information for at least one card holder, said healthcare eligibility information further comprising at least one unique identifier or format code identifier, wherein the unique identifier or format code identifier is different from an identifier on the first track.
7 Assignments
0 Petitions
Accused Products
Abstract
A magnetic swipe card for storing and transmitting data is described herein. The magnetic swipe card includes a magnetic stripe having at least two tracks holding encoded data. A first track at least includes data for at least one first party payment source. A second track at least includes data for healthcare eligibility information for at least one card holder, and or at least one unique identifier or a format identifier referencing healthcare eligibility information.
46 Citations
22 Claims
- 1. A magnetic swipe card for storing and transmitting data comprising a magnetic stripe having at least two tracks holding encoded data wherein a first track at least includes data for at least one first party payment source and a second track at least includes data for healthcare eligibility information for at least one card holder, said healthcare eligibility information further comprising at least one unique identifier or format code identifier, wherein the unique identifier or format code identifier is different from an identifier on the first track.
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10. The magnetic swipe card of claim n9, wherein at least the first track is ISO/IEC compliant.
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13. A method for initiating a financial transaction using a magnetic swipe card comprising:
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providing a magnetic swipe card, said card comprising a magnetic stripe having at least two tracks holding encoded data wherein a first track at least includes data for at least one first party payment source and a second track at least includes data for healthcare eligibility information for at least one card holder, said healthcare eligibility information further comprising at least one unique identifier or format code identifier, wherein the at least one unique identifier or format code identifier is different from an identifier on the first track;
scanning the magnetic swipe card; and
performing at least one of a financial transaction, a healthcare benefit and eligibility transaction.
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14. A method for initiating a financial transaction using a magnetic swipe card comprising:
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providing a magnetic swipe card, said card comprising a magnetic stripe having at least two tracks holding encoded data wherein a first track at least includes data for at least one first party payment source and a second track at least includes data for healthcare eligibility information for at least one card holder, said healthcare eligibility information further comprising at least one unique identifier or format code identifier, wherein the at least one unique identifier or format code identifier is different from an identifier on the first track;
scanning the magnetic swipe card;
determining benefit eligibility for an individual from information provided on the card;
compiling benefit eligibility information, payment source information, and cost of services provided information;
estimating an amount for which the individual is responsible;
acquiring authorization from the individual to deduct the estimated amount from the at least one first party payment source;
submitting one or more claim to the at least one payer entity; and
deducting the amount for which the individual is responsible from the at least one first party payment source. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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21. A system for facilitating payment using a magnetic swipe card comprising:
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a magnetic swipe card comprising a magnetic stripe having at least two tracks holding encoded data wherein a first track at least includes data for at least one first party payment source and a second track at least includes data for healthcare eligibility information for at least one card holder, said healthcare eligibility information further comprising at least one unique identifier or format code identifier, wherein the unique identifier or format code identifier is different from an identifier on the first track;
a POS terminal. where the magnetic swipe card is scanned;
a processor for receiving information from the magnetic swipe card amid utilizing the information from the magnetic swipe card to determine benefit eligibility and an amount for which an individual is responsible;
a means for retrieving data for determining benefit eligibility information, personal information for at least one card holder, first party payment source information, third party payment source information, payer entity information, and combinations thereof;
a means for submitting a claim; and
a means for deducting the amount for which the individual is responsible from at least one first party payment source. - View Dependent Claims (22)
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Specification