Systems and method for vending machine settlement
First Claim
1. A method for reconciling transactions for an unattended vending device, the method comprising:
- creating a transaction data packet having a transaction information for a credit transaction carried out on the vending device, wherein the vending device is configured to conduct a credit based vending transaction;
forwarding the transaction data packet for the credit transaction to a host processor;
adding a host transaction identifier to the transaction data packet to create a modified transaction data packet for the transaction;
sending the modified transaction data packet it to a merchant processor;
receiving an interim report from the merchant processor;
calculating and applying individual interchange values to the transaction using stored rate table values;
assigning a vending device identifier using the host transaction identifier to the modified transaction packet;
identifying a correct time and date of a respective machine fill corresponding to the transaction on the vending device;
forwarding transaction information to a vending device route operator; and
assigning the transaction to the vending device against a specific fill period for a total card transaction value and a card transaction value net merchant processor and association fees.
6 Assignments
0 Petitions
Accused Products
Abstract
The present invention relates to systems and methods for reconciliation or settlement of vending machine accounts. The present invention creates a transaction data packet having a transaction information for a credit transaction carried out on the vending device, where the vending device is configured to conduct a credit based vending transaction, forwards the transaction data packet for the credit transaction to a host processor, adds a host transaction identifier to the transaction data packet to create a modified transaction data packet for the transaction; sends the modified transaction data packet it to a merchant processor, receives an interim report from the merchant processor, calculates and applies individual interchange values to the transaction using stored rate table values, assigns a vending device identifier using the host transaction identifier to the modified transaction packet, identifies a correct time and date of a respective machine fill corresponding to the transaction on the vending device, forwards transaction information to a vending device route operator, and assigns the transaction to the vending device against a specific fill period for a total card transaction value and a card transaction value net merchant processor and association fees.
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Citations
21 Claims
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1. A method for reconciling transactions for an unattended vending device, the method comprising:
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creating a transaction data packet having a transaction information for a credit transaction carried out on the vending device, wherein the vending device is configured to conduct a credit based vending transaction;
forwarding the transaction data packet for the credit transaction to a host processor;
adding a host transaction identifier to the transaction data packet to create a modified transaction data packet for the transaction;
sending the modified transaction data packet it to a merchant processor;
receiving an interim report from the merchant processor;
calculating and applying individual interchange values to the transaction using stored rate table values;
assigning a vending device identifier using the host transaction identifier to the modified transaction packet;
identifying a correct time and date of a respective machine fill corresponding to the transaction on the vending device;
forwarding transaction information to a vending device route operator; and
assigning the transaction to the vending device against a specific fill period for a total card transaction value and a card transaction value net merchant processor and association fees. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method for reconciling transactions for a vending devices operated by a vending merchant, the method comprising:
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creating a transaction data packet comprising transaction information for a credit transactions carried out on the vending device;
forwarding the transaction data packet for the credit transaction to a host processor;
adding a host transaction identifier and an applicable interchange code to the transaction data packet to create a modified transaction data packet for the transaction;
calculating an interchange amount upon an applicable interchange code being included in the modified transaction data packet from a rate code category for the transaction;
associating the transaction with a particular vending device using a corresponding vending device identifier;
storing the transaction information, the transaction identifier, the interchange code, the interchange amount and the vending device identifier for the transaction in a transaction database; and
assigning a closing date for the transaction. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17)
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18. A system for reconciling transactions in a plurality of unattended vending devices operated by a vending merchant, the system comprising:
a server operating software having computer instructions enabling;
receipt of a transaction data packet, the transaction data packet comprising transaction information for a credit transactions carried out on a vending device;
addition of a transaction identifier and an applicable interchange code to the transaction data packet to create a modified transaction data packet for the transaction;
calculation of an interchange amount from a rate code category for the transaction;
association of the transaction with the particular vending device using a corresponding vending device identifier;
storage of the transaction information, the transaction identifier, the interchange code, the interchange amount and the vending device identifier for the transaction in a transaction database; and
assignment of a closing date for each transaction. - View Dependent Claims (19, 20, 21)
Specification