METHOD, SYSTEM, AND APPARATUS FOR CONDUCTING A PURCHASE TRANSACTION
First Claim
1. A method, comprising:
- receiving account information from a payment card device for a purchase transaction, wherein an unrestricted funds account is associated with the payment card device and a restricted funds account is associated with the payment card device;
receiving account type data representative of one of the unrestricted funds account and the restricted funds account to associate with the purchase transaction by a transaction terminal;
transmitting payment transaction data, including the account type data, from the transaction terminal to a payment network;
routing the payment transaction to one selection of a first network and a second network based on the account type data associated with the payment transaction data;
determining whether the routing is successful; and
re-routing, in an instance the routing is not successful, the payment transaction to the one of the first network and the second network not selected in the routing of the payment transaction.
1 Assignment
0 Petitions
Accused Products
Abstract
A system, method, and apparatus for conducting a purchase transaction include receiving account information from a payment card device for a purchase transaction, wherein an unrestricted funds account and a restricted funds account is associated with the payment card device; receiving account type data representative of one of the unrestricted funds account and the restricted funds account to associate with the purchase transaction by a transaction terminal; transmitting payment transaction data, including the account type data, from the transaction terminal to a payment network; routing the payment transaction data to one of a first network and a second network based on the account type data associated with the payment transaction data; determining whether the routing is successful; and re-routing, in an instance the routing is not successful, the payment transaction to the first network or the second network not selected in the routing of the payment transaction.
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Citations
22 Claims
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1. A method, comprising:
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receiving account information from a payment card device for a purchase transaction, wherein an unrestricted funds account is associated with the payment card device and a restricted funds account is associated with the payment card device; receiving account type data representative of one of the unrestricted funds account and the restricted funds account to associate with the purchase transaction by a transaction terminal; transmitting payment transaction data, including the account type data, from the transaction terminal to a payment network; routing the payment transaction to one selection of a first network and a second network based on the account type data associated with the payment transaction data; determining whether the routing is successful; and re-routing, in an instance the routing is not successful, the payment transaction to the one of the first network and the second network not selected in the routing of the payment transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10-18. -18. (canceled)
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19. A storage medium having executable computer readable instructions stored thereon, the storage medium comprising:
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instructions to receive account information from a payment card device for a purchase transaction, wherein an unrestricted funds account is associated with the payment card device and a restricted funds account is associated with the payment card device; instructions to receive account type data representative of one of the unrestricted funds account and the restricted funds account to associate with the purchase transaction by a transaction terminal; instructions to transmit payment transaction data, including the account type data, from the transaction terminal to a payment network; instructions to route the payment transaction to one selection of a first network and a second network based on the account type data associated with the payment transaction data; instructions to determine whether the routing is successful; and instructions to re-route, in an instance the routing is not successful, the payment transaction to the one of the first network and the second network not selected in the routing of the payment transaction. - View Dependent Claims (20, 21, 22)
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Specification