ACCUMULATED TRANSACTIONS

• US 20090112759A1
• Filed: 10/30/2007
• Published: 04/30/2009
• Est. Priority Date: 10/30/2007
• Status: Abandoned Application

• Current Assignee: International Funding Partners LLC (Intellectual Ventures LLC)
• Original Assignee: International Funding Partners LLC (Intellectual Ventures LLC)
• Inventors: Foster, Chuck
• Application Number:
  US11/929,430
• Publication Number:
  US 20090112759A1
• Time in Patent Office: Days
• US Class Current: 705/40
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/29 characterised by micropayments
• CPC Class Codes: G06Q 20/3278 RFID or NFC payments by means of M-devices
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G07G 1/0036 Checkout procedures
• CPC Class Codes: G07G 1/009 the reader being an RFID reader

Abstract

A system and method of terminating a transaction between a merchant and customer are disclosed.

Claims

1-11. -11. (canceled)

12. A method comprising:

receiving a first radio frequency signal from an article;

receiving a second radio frequency signal from a customer;

determining whether said article and said customer are co-located based, at least in part, on said first and second radio frequency signals; and

selectively enabling completion of a non-cash transaction to purchase said article based, at least in part, on at least one of said first and/or second radio frequency signals.

13. The method of claim 12, wherein said selectively enabling completion of said transaction further comprises determining whether said customer is authorized to complete an expedited transaction to purchase said article.

14. The method of claim 13, wherein said determining whether said customer is authorized to complete said expedited transaction further comprises:

associating information in said second radio signal with an account associated with said customer; and

determining whether said customer is authorized to complete said expedited purchase base, at least in part, on information associated with said account.

15. The method of claim 14, wherein said information associated with said account comprises an account balance.

16. The method of claim 12, and further comprising associating said first radio signal with a price associated with said article, and wherein said selectively enabling said completion of said transaction further comprises selectively enabling said completion based, at least in part, on said price.

17. The method of claim 16, and further comprising associating information in said second radio signal with an account associated with said customer, and wherein said selectively enabling completion of said transaction further comprises selectively enabling said completion based, at least in part, on information associated with said account.

56. The method of claim 12, wherein said determining includes:

using the first and second radio frequency signals to determine a distance between the article and the customer; and

determining that the article and the customer are co-located based upon the distance being less than a given threshold distance.

57. The method of claim 12, wherein said determining includes:

using the first and second radio frequency signals to determine respective locations of the article and the customer;

determining that the article and the customer are co-located based upon the respective locations both being within a particular area or space.

18-28. -28. (canceled)

29. A apparatus comprising:

means for receiving a first radio frequency signal from an article;

means for receiving a second radio frequency signal from a customer;

means for determining whether said article and said customer are co-located based, at least in part, on said first and second radio frequency signals; and

means for selectively enabling completion of a non-cash transaction to purchase said article based, at least in part, on at least one of said first and/or second radio frequency signals.

30. The apparatus of claim 29, wherein said means for selectively enabling completion of said transaction further comprises means for determining whether said customer is authorized to complete an expedited transaction to purchase said article.

31. The apparatus of claim 30, wherein said means for determining whether said customer is authorized to complete said expedited transaction further comprises:

means for associating information in said second radio signal with an account associated with said customer; and

means for determining whether said customer is authorized to complete said expedited purchase base, at least in part, on information associated with said account.

32. The apparatus of claim 31, wherein said information associated with said account comprises an account balance.

33. The apparatus of claim 29, and further comprising means for associating said first radio signal with a price associated with said article, and wherein said means for selectively enabling said completion of said transaction further comprises means for selectively enabling said completion based, at least in part, on said price.

34. The apparatus of claim 33, and further comprising means for associating information in said second radio signal with an account associated with said customer, and wherein said means for selectively enabling completion of said transaction further comprises means for selectively enabling said completion based, at least in part, on information associated with said account.

35-44. -44. (canceled)

45. A system comprising:

one or more radio receivers configured to receive a first radio frequency signal from an article and a second radio frequency signal from a customer; and

a computing platform, said computing platform being adapted to;

determine whether said article and said customer are co-located based, at least in part, on said received first and second radio frequency signals; and

selectively enable completion of a non-cash transaction to purchase said article based, at least in part, on information in at least one of said first and/or second radio frequency signals.

46. The system of claim 45, wherein said computing platform is adapted to selectively enable completion of said transaction in response to determining whether said customer is authorized to complete an expedited transaction to purchase said article.

47. The system of claim 46, wherein said determining whether said customer is authorized to complete said expedited transaction further comprises:

associating information in said second radio signal with an account associated with said customer; and

determining whether said customer is authorized to complete said expedited purchase base, at least in part, on information associated with said account.

48. The system of claim 47, wherein said information associated with said account comprises an account balance.

49. The system of claim 45, and wherein said computing platform is further adapted to:

associate information in said first radio signal with a price associated with said article; and

selectively enabling said completion based, at least in part, on said price.

50. The system of claim 49, wherein said computing platform is further adapted to:

associate information in said second radio signal with an account associated with said customer; and

selectively enable said completion based, at least in part, on information associated with said account.

51-55. -55. (canceled)