METHOD, TRANSACTION CARD OR IDENTIFICATION SYSTEM FOR TRANSACTION NETWORK COMPRISING PROPRIETARY CARD NETWORK, EFT, ACH, OR ATM, AND GLOBAL ACCOUNT FOR END USER AUTOMATIC OR MANUAL PRESETTING OR ADJUSTMENT OF MULTIPLE ACCOUNT BALANCE PAYOFF, BILLING CYCLES, BUDGET CONTROL AND OVERDRAFT OR FRAUD PROTECTION FOR AT LEAST ONE TRANSACTION DEBIT USING AT LEAST TWO RELATED FINANCIAL ACCOUNTS TO MAXIMIZE BOTH END USER CONTROL AND GLOBAL ACCOUNT ISSUER FEES FROM END USERS AND MERCHANTS, INCLUDING ACCOUNT, TRANSACTION AND INTERCHANGE FEES

• US 20070168265A1
• Filed: 12/18/2006
• Published: 07/19/2007
• Est. Priority Date: 06/10/2004
• Status: Active Grant

• Current Assignee: Ronald Rosenberger
• Original Assignee: Ronald Rosenberger
• Inventors: Rosenberger, Ronald
• Granted Patent: US 8,332,293 B2
• Time in Patent Office: Days
• US Class Current: 705/30
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 20/26 Debit schemes, e.g. "pay now"
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

The present invention provides methods, systems and transaction cards or identification systems, using transaction network comprising proprietary card network, EFT, ACH, or ATM, for end user management of a global financial account by manual or automatic prepaying, prepaying, paying or unpaying, debiting or crediting, or readjustment or presetting, using parameters relating to portions of paid or unpaid financial transactions or account balance amounts in multiple credit, cash or other existing, or end user created, financial accounts or sub-accounts in said global financial account that is optionally subject to financial account issuer transaction or readjustment fees from end users and merchants, including optional use for financial transactions as a credit transaction card requiring merchant credit card interchange or other fees, and optional end user fees, as additional revenue to the global account issuer.

Claims

1. A method, optionally using a transaction network comprising proprietary card network, EFT, ACH, or ATM, for end user management of a global financial account by manual or automatic prepaying, paying or unpaying, debiting or crediting, readjustment or presetting, using parameters relating to portions of paid or unpaid financial transactions or account balance amounts in multiple credit, cash or other existing, or end user created, financial accounts or sub-accounts in said global financial account that is optionally subject to financial account issuer transaction or readjustment fees from end users and merchants, including optional use for financial transactions as a credit transaction card requiring merchant credit card interchange or other fees, and optional end user fees, as additional revenue to the global account issuer, said method comprising:

(a) providing said at least one global financial account comprising said at least one first financial account comprising at least one first available credit balance and said at least one second financial account comprising at least one first available cash balance, wherein said global financial account can be accessed by said at least one end user for automatic or manual readjusting or presetting, prepaying, paying or unpaying, or debiting or crediting, using at least one parameter relating to said at least a portion of said at least one paid or unpaid debit for said at least one paid or unpaid financial transaction, or an associated account balance amount, from at least one of said first or second financial accounts, an additional financial account, or a sub-account thereof, wherein said financial transaction is optionally initially provided as a credit card transaction to said merchant and debited to said at least one available credit card balance and subject to an associated merchant credit card interchange fee or other fee; and

(b) further providing said at least one end user with at least one automatic or manual readjusting or presetting, prepaying, paying or unpaying, or debiting or crediting, using at least one parameter relating to said at least a portion of said at least one paid or unpaid debit for said at least one paid or unpaid financial transaction, or an associated account balance amount, from at least one of said first or second financial accounts, an additional financial account, or a sub-account thereof, according to at least one parameter relating (i) said at least one portion to said at least one debit to said at least one first financial account, or (ii) at least one of said first or second financial account balances, said automatic or manual readjusting or presetting, prepaying, paying or unpaying, or debiting or crediting executed before, during or after said financial transaction and subject to optional end user fees,

wherein said automatic or manual readjusting or presetting, prepaying, paying or unpaying, or debiting or crediting, optionally allows said at least one end user to accomplish at least one of

(i) increasing an available cash or credit balance of at least one of said financial accounts;

(ii) prepaying, paying or unpaying a paid or unpaid debit or credit relating to a portion of at least one transaction amount or account balance amount in at least one of said financial accounts or subaccounts, optionally wherein said prepaying, paying or unpaying optionally results in an improved credit score;

(iii) moving at least a portion of said at least one transaction amount or account balance amount in at least one of said financial accounts or subaccounts with a different or later billing cycle or new billing cycle;

(iv) holding said at least one transaction amount or account balance amount in at least one of said financial accounts or subaccounts for a period of time as a fraud check to confirm that said financial transaction was made by said at least one end user;

or

(v) providing a budget management system by preset or manual parameters to manage cash flow in said global financial account.

2. A method according to claim 1, wherein said further providing comprises debiting or unpaying at least one specific paid transaction thereby debiting a first credit balance for said transaction, and then crediting at least one cash balance for the amount of said transaction, whereby any debit amount pertaining to said transaction is subsequently repaid.

3. A method according to claim 1, wherein said further providing comprises debiting or unpaying at least one specific paid transaction thereby debiting a first credit balance for said transaction, and then crediting at least one second credit balance for the amount said transaction, whereby any debit amount pertaining to said transaction is subsequently repaid.

4. A method according to claim 1, wherein said further providing comprises debiting or unpaying at least one specific paid transaction thereby debiting a first credit balance for said transaction, and then crediting at least one cash balance and at least one second credit balance for the amount of said transaction, whereby any debit amount pertaining to said transaction is subsequently repaid.

5. A method according to claim 1, wherein said further providing comprises crediting or paying at least one specific transaction thereby crediting a first credit balance for said transaction, and then debiting at least one cash balance for the amount of said transaction.

6. A method according to claim 1, wherein said further providing comprises crediting or paying at least one specific transaction thereby crediting a first credit balance for said transaction, and then debiting at least one second credit balance for the amount of said transaction, whereby any debit amount to said second credit balance pertaining to said transaction is subsequently repaid.

7. A method according to claim 1, wherein said further providing comprises crediting or paying at least one specific transaction thereby crediting a first credit balance for said transaction, and then debiting at least one cash balance and at least one second credit balance for the amount of said transaction, whereby any debit to said second credit balance pertaining to said transaction is subsequently repaid.

8. A method according to claim 1, wherein said further providing comprises debiting or unpaying at least one paid transaction amount thereby debiting a first credit balance for said transaction amount, and then crediting at least one cash balance for said transaction amount, whereby any debit amount pertaining to said transaction amount is subsequently repaid.

9. A method according to claim 1, wherein said further providing comprises debiting or unpaying at least one paid transaction amount thereby debiting a first credit balance for said transaction amount, and then crediting at least one second credit balance for said transaction amount, whereby any debit amount pertaining to said transaction amount is subsequently repaid.

10. A method according to claim 1, wherein said further providing comprises debiting or unpaying at least one paid transaction amount thereby debiting a first credit balance for said transaction amount, and then crediting at least one cash balance and at least one second credit balance for said transaction amount, whereby any debit amount pertaining to said transaction amount is subsequently repaid.

11. A method according to claim 1, wherein said further providing comprises crediting or paying at least one transaction amount thereby crediting a first credit balance for said transaction amount, and then debiting at least one cash balance for said transaction amount.

12. A method according to claim 1, wherein said further providing comprises crediting or paying at least one transaction amount thereby crediting a first credit balance for said transaction amount, and then debiting at least one second credit balance for said transaction amount, whereby any debit amount to said second credit balance pertaining to said transaction amount is subsequently repaid.

13. A method according to claim 1, wherein said further providing comprises crediting or paying at least one specific transaction amount thereby crediting a first credit balance for said transaction amount, and then debiting at least one cash balance and at least one second credit balance for the amount of the transaction, whereby any debit amount to said second credit balance pertaining to said transaction amount is subsequently repaid.

14. A method of claim 1, wherein said financial transaction is treated as a credit card debit by said merchant and incurs a merchant interchange fee.

15. A method of claim 1, wherein said automatic or manual readjusting or presetting, prepaying, paying or unpaying, or debiting or crediting increases the available cash balance in said at least one cash account balance or cash sub-account balance.

16. A method of claim 15, wherein said increase is provided by moving said at least one portion of at least one debit from a cash financial account or financial sub-account to a credit financial account or financial sub-account.

17. A method of claim 15, wherein said increasing of said available cash balance incurs an end user fee.

18. A method of claim 1, wherein said automatic or manual readjusting or presetting, prepaying, paying or unpaying, or debiting or crediting increases the available credit balance in said first financial account or financial sub-account.

19. A method of claim 18, wherein said increasing of said credit balance is made by a preset or manual parameter that pays off at least a portion of at least one debit from said available credit balance from at least a second available cash balance from at least one of said first or second financial account or financial sub-accounts.

20. A method of claim 18, wherein said increasing of said available credit balance incurs an end user fee.

21. A method of claim 1, wherein said at least one portion of at least one transaction amount or at least one balance amount can be readjusted to a different end user created billing cycle for an existing or new financial account or financial sub-account that has a different or later billing cycle.

22. A method of claim 21, wherein said end user created billing cycle is created at-will by said end user.

23. A method of claim 1, wherein said at least a portion of said at least one debit is assigned to said at least one first financial account or financial sub-account balance and later assigned to said at least one second financial account or financial sub-account balance.

24. A method of claim 1, wherein said at least one end user can automatically or manually hold a debit in at least one of said financial account or financial sub-accounts to determine whether said at least one end user made the corresponding financial transaction or whether it was made by a third party not authorized to make the financial transaction.

26. A method of claim 1, wherein said at least one end user can suspend or interrupt at least one of said parameters.

29. A method of claim 21, wherein said end user created billing cycle is created using at least one parameter by said end user.

30. A method of claim 1, wherein said billing cycle is split into at least two billing cycles.

31. A method of claim 30, wherein said at least two billing cycles are recombined into one or more billing cycles.

32. A method according to claim 31, wherein said at least two billing cycles are terminated or the associated transaction amount or balance is paid off.

33. A method according to claim 32, wherein said recombined billing cycles are terminated or the associated transaction amount or balance is paid off.

25. A method of claim 70, wherein said at least one end user can specify said hold based on distance of held financial transaction debit from end user residence or place of business, being out of state, or out of country.

27. A method, optionally using a transaction network comprising proprietary card network, EFT, ACH, or ATM, for end user management of a global financial account by manual or automatic prepaying, paying or unpaying, debiting or crediting, readjustment or presetting, using parameters relating to portions of paid or unpaid financial transactions or account balance amounts in multiple credit, cash or other existing, or end user created, financial accounts or sub-accounts in said global financial account that is optionally subject to financial account issuer transaction or readjustment fees from end users and merchants, including optional use for financial transactions as a credit transaction card requiring merchant credit card interchange or other fees, and optional end user fees, as additional revenue to the global account issuer, said method comprising:

(a) providing said at least one global financial account comprising said at least one first financial account comprising at least one first available credit balance and said at least one second financial account comprising at least one first available cash balance, wherein said global financial account can be accessed by said at least one end user for automatic or manual readjusting or presetting, prepaying, paying or unpaying, or debiting or crediting, using at least one parameter relating to said at least a portion of said at least one paid or unpaid debit for said at least one paid or unpaid financial transaction, or an associated account balance amount, from at least one of said first or second financial account or financial sub-accounts, an additional financial account or financial sub-account, or a sub-account thereof, wherein said financial transaction is optionally initially provided as a credit card transaction to said merchant and debited to said at least one available credit card balance and subject to an associated merchant credit card interchange fee or other fee; and

(b) said at least one end user automatic or manual readjusting or presetting, prepaying, paying or unpaying, or debiting or crediting, using at least one parameter relating to said at least a portion of said at least one paid or unpaid debit for said at least one paid or unpaid financial transaction, or an associated account balance amount, from at least one of said first or second financial account or financial sub-accounts, an additional financial account, or a sub-account thereof, according to at least one parameter relating (i) said at least one portion to said at least one debit to said at least one first financial account or financial sub-account, or (ii) at least one of said first or second financial account or financial sub-account balances, said automatic or manual readjusting or presetting, prepaying, paying or unpaying, or debiting or crediting executed before, during or after said financial transaction and subject to optional end user fees

28. A system for providing at least one global financial account that:

(i) is optionally subject to merchant credit card interchange or other fees and end user fees as additional revenue to the global account issuer; and

(ii) provides for an end user to readjust at least a portion of at least one debit for at least one financial transaction using said at least one global financial account comprising at least one first financial account comprising at least one available balance and at least one second financial account comprising at least one available balance, said method comprising;

(a) a system component that provides said at least one global financial account comprising said at least one first financial account comprising at least one first available balance and said at least one second financial account comprising at least one first available cash balance, wherein said global financial account can be accessed by said at least one end user for automatic or manual readjusting or presetting, prepaying, paying or unpaying, or debiting or crediting said at least a portion of said at least one debit for said at least one financial transaction to at least one of said first or second financial account or financial sub-accounts, wherein said financial transaction is subject to an associated merchant credit card interchange fee or other fee; and

(b) a system component that allows said at least one end user to preset or modify said at least a portion of said at least one debit to at least one of said first or second financial account or financial sub-accounts according to at least one parameter relating (i) said at least one portion to said first financial account or financial sub-account and said second financial account or financial sub-account, or (ii) at least one of said first or second financial account or financial sub-account balances, said automatic or manual readjusting or presetting, prepaying, paying or unpaying, or debiting or crediting executed before, during or after said financial transaction and under the control of said at least one end user and subject to optional end user fees.