PROCESSING TRANSACTIONS USING A REGISTER PORTION TO TRACK TRANSACTIONS

• US 20070228144A1
• Filed: 06/05/2007
• Published: 10/04/2007
• Est. Priority Date: 08/01/2000
• Status: Abandoned Application

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Knackstedt, Lee, Rau, Scott
• Application Number:
  US11/758,550
• Publication Number:
  US 20070228144A1
• Time in Patent Office: Days
• US Class Current: 235/376
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12

Abstract

The invention provides methods and systems that keep check of financial transactions by maintaining a count of the financial transactions using a register portion, in conjunction with performing authentication further to inputting transaction data from a data-bearing record that is stored in a device. The system may comprise (A) a communication portion that inputs transaction data received from the data bearing record disposed in the device, the transaction data including an input transaction counter value, the transaction data associated with a transaction; and (B) a processing portion that processes the transaction data. The processing portion may include (1) a memory portion that stores stored data; (2) a register portion that maintains a count of financial transactions so as to provide a current transaction count value associated with the device; and (3) an authentication portion that performs authentication processing using a comparison process that utilizes a transaction count value window and the input transaction count value, the transaction count value window being based on the current transaction count value. The authentication portion may be provided to generate an authentication result based on the comparison process, with the authentication portion outputting the authentication result.

Claims

1. A system that keeps check of financial transactions by maintaining a count of the financial transactions using a register portion, in conjunction with performing authentication further to inputting transaction data from a data-bearing record that is stored in a device, the system comprising:

a communication portion that inputs transaction data received from the data bearing record disposed in the device, the transaction data including an input transaction counter value, the transaction data associated with a transaction;

a processing portion that processes the transaction data, the processing portion including;

a memory portion that stores stored data;

a register portion that maintains a count of financial transactions so as to provide a current transaction count value associated with the device;

an authentication portion that performs authentication processing using a comparison process that utilizes a transaction count value window and the input transaction count value, the transaction count value window being based on the current transaction count value; and

the authentication portion generating an authentication result based on the comparison process; and

the authentication portion outputting the authentication result.

2. The system of claim 1, the authentication portion including a window generation portion, the window generation portion generating the transaction count value window based on the current transaction count value and a first value by defining a range of values extending between the current transaction count value and a first value, and the range of values constituting the transaction count value window.

3. The system of claim 1, the window generation portion generating the transaction count value window based on the current transaction count value, the first value, as well as a second value, by defining a range of values extending between the first value and the second value, the range of values constituting the transaction count value window.

4. The system of claim 3, wherein:

the window generation portion determines the first value by incrementing the current transaction count value by a first spread value; and

the window generation portion determines the second value by decrementing the current transaction count value by a second spread value.

5. The system of claim 4, wherein:

the window generation portion determines the first value by incrementing the current transaction count value by a first spread value is performed according to the relationship;

first value=current transaction count value+first spread value, where the first value, the current transaction count value and the first spread value are integers; and

the window generation portion determines the second value by decrementing the current transaction count value by a second spread value is performed according to the relationship;

second value=current transaction count value−

second spread value, where the second value, the current transaction count value and the second spread value are integers.

6. The system of claim 4, wherein the window generation portion includes a spread value determination portion, the spread value determination portion determining at least one of the first spread value and the second spread value.

7. The system of claim 6, the spread value determination portion determining at least one of the first spread value and the second spread value by retrieving at least one of the first spread value and the second spread value from a memory portion.

8. The system of claim 6, the spread value determination portion determining at least one of the first spread value and the second spread value based on a time value associated with the transaction, the time value contained in the transaction data.

9. The system of claim 8, the time value being a time of day that the transaction was effected.

10. The system of claim 8, the time value being a duration of time between when the transaction was effected and when the transaction is processed by the spread value determination portion.

11. The system of claim 6, the spread value determination portion determining at least one of the first spread value and the second spread value based on the device that generated the transaction data.

12. The system of claim 6, the spread value determination portion determining at least one of the first spread value and the second spread value based on a location that the transaction was effected.

13. The system of claim 12, wherein the location is a geographical location.

14. The system of claim 12, wherein the location is a type of merchant.

15. The system of claim 6, the spread value determination portion determining at least one of the first spread value and the second spread value based on the frequency of plurality of transactions associated with the device.

16. The system of claim 15, the spread value determination portion increasing at least one of the first spread value and the second spread value as the frequency of the plurality of transactions increases.

17. The system of claim 6, the spread value determination portion determining at least one of the first spread value and the second spread value based on a rule set.

18. The system of claim 6, the spread value determination portion determining at least one of the first spread value and the second spread value based on a determination of whether the transaction was processed using batch processing.

19. The system of claim 6, the spread value determination portion determining the spread value based on at least one selected from the group consisting of time, location, frequency of transactions and device used.

20. The system of claim 1, the authentication portion including a count value comparison portion, the count value comparison portion performing the authentication processing using the comparison process by determining if the input transaction count value is disposed in the transaction count value window.

21. The system of claim 1, the authentication portion including a window generation portion, the window generation portion generating the transaction count value window based on the current transaction count value, a first value and a second value by defining a range of values extending between the first value and the second value, and the range of values constituting the transaction count value window.

22. The system of claim 1, in which the device is one of a transponder and an RFID device.

23. The system of claim 1, in which an account number and an input device differentiator number, associated with the device, are used by the processing portion to track and document activity associated with the account number and the input device differentiator number, the processing portion also separately tracking and documenting activity of other device differentiator numbers associated with the same account number.

24. The system of claim 1, the processing portion further including a device identification portion that identifies the device based on the device differentiator number and an account number, the account number being derived from the transaction data.

25. The system of claim 1, the device associated with an account number.

27. The method of claim 1, including:

providing a register portion that maintains a count of financial transactions so as to provide a current transaction count value associated with the device; and

determining which device is being used using a device differentiator number, that is included with the transaction data, in conjunction with a look-up table matrix.

28. The method of claim 27, wherein the device differentiator number includes multiple digits, each such digit reflective of a particular parameter associated with the device.

29. The method of claim 28, wherein the device differentiator number includes three digits, indicative of who, what and how parameters of the transaction.

30. The method of claim 29, further including analyzing the device differentiator number to ascertain if the device differentiator number reflects a bad combination.

26. A method to keeps check of financial transactions by maintaining a count of the financial transactions using a register portion, in conjunction with performing authentication further to inputting transaction data from a data-bearing record that is stored in a device, the method comprising:

inputting transaction data received from the data bearing record, the transaction data including an input transaction count value;

performing authentication processing using a comparison process that utilizes a transaction count value window and the input transaction count value, the transaction count value window being based on the current transaction count value; and

performing authentication processing based on the comparison process; and

generating and outputting an authentication result, based on the authentication processing.

31. A system that keeps check of financial transactions by maintaining a count of the financial transactions using a register portion, in conjunction with performing authentication further to inputting transaction data from a data-bearing record that is stored in a device, the system comprising:

a communication portion that inputs transaction data received from the data bearing record disposed in the device, the transaction data including an input transaction counter value, the transaction data associated with a transaction;

a processing portion that processes the transaction data, the processing portion including;

a memory portion that stores stored data;

a register portion that maintains a count of financial transactions so as to provide a current transaction count value associated with the device;

an authentication portion that performs authentication processing using a comparison process that utilizes a transaction count value window and the input transaction count value, the transaction count value window being based on the current transaction count value; and

the authentication portion generating an authentication result based on the comparison process; and

the authentication portion outputting the authentication result; and

the window generation portion generating the transaction count value window based on the current transaction count value, the first value, as well as a second value, by defining a range of values extending between the first value and the second value, the range of values constituting the transaction count value window; and

wherein;

the window generation portion determines the first value by incrementing the current transaction count value by a first spread value; and

the window generation portion determines the second value by decrementing the current transaction count value by a second spread value, and wherein;

the window generation portion determines the first value by incrementing the current transaction count value by a first spread value is performed according to the relationship;

first value=current transaction count value+first spread value, where the first value, the current transaction count value and the first spread value are integers; and

the window generation portion determines the second value by decrementing the current transaction count value by a second spread value is performed according to the relationship;

second value=current transaction count value−

second spread value, where the second value, the current transaction count value and the second spread value are integers; and

wherein the window generation portion includes a spread value determination portion, the spread value determination portion determining at least one of the first spread value and the second spread value, such determining being based on at least one selected from the group consisting of time of transaction, frequency of transactions, and location of transaction; and

wherein the device is an RFID device.