System and method for funding a collective account by use of an electronic tag
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Accused Products
Abstract
A system and method for funding a collective account via aggregating usage of electronic tags is disclosed. The system and method promotes the use of electronic tags, and the funding of collective accounts that may be associated with charitable or other philanthropic causes. Further benefits may be realized by replenishing the prefunded account that serves as the source of funds for the electronic tag to an affinity account that also benefits the charitable or other philanthropic cause.
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Citations
67 Claims
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1-35. -35. (canceled)
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36. A method for automatically reloading a prefunded account associated with an RFID tag, the method comprising:
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associating an RFID tag with a prefunded account, a financial institution and at least one organization, wherein a tagholder is the holder of the prefunded account, wherein further the financial institution comprises one or more host computers, wherein further the host computer calculates a reward based at least in part on RFID tag usage;
determining that an event related to a prefunded account has occurred;
incrementing a balance of the prefunded account by a pre-authorized amount; and
notifying a holder of the account that incrementing the balance has occurred. - View Dependent Claims (37, 38, 39, 40, 41, 42, 43, 44, 45, 46)
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47. An apparatus to automatically reload a prefunded account associated with an RFID tag, comprising:
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a central processor configured to associate an RFID tag with a prefunded account, a financial institution and at least one organization, wherein a tagholder is the holder of the prefunded account, wherein further the financial institution comprises one or more host computers, wherein further the host computer is configured to calculate a reward based at least in part on RFID tag usage;
an event processor to determine whether an event should trigger an automatic reload of the prefunded account;
a payment processor to authorize payment for a reload amount triggered by the event; and
a reloader to increment an account balance of the prefunded account by the authorized reload amount. - View Dependent Claims (48, 49, 50, 51, 52)
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53. A method for reloading a prefunded account associated with an RFID tag, comprising:
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associating an RFID tag with a prefunded account, a financial institution and at least one organization, wherein a tagholder is the holder of the prefunded account, wherein further the financial institution comprises one or more host computers, wherein further the host computer calculates a reward based at least in part on RFID tag usage;
receiving a request to reload the prefunded account, the request automatically generated in accordance with an automatic reload preference;
incrementing a balance of an account associated with the prefunded account by an automatic reload amount indicated in the request; and
confirming whether the request has been completed. - View Dependent Claims (54, 55, 56)
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57. A computer-accessible medium having executable instructions to reload a prefunded account, the instructions comprising:
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determining that an event related to a prefunded account has occurred;
incrementing a balance of an account associated with the prefunded account by a pre-authorized amount; and
notifying a holder of the account of that the balance was incremented, wherein an RFID tag is associated with the prefunded account, a financial institution and at least one organization, wherein a tagholder is the holder of the prefunded account, wherein further the financial institution comprises one or more host computers, wherein further the host computer calculates a reward based at least in part on RFID tag usage. - View Dependent Claims (58, 59, 60, 61, 62, 63, 64, 65, 66, 67)
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Specification