ELECTRONIC SYSTEM FOR SELECTING THE BEST CARD FROM A COLLECTION OF CONSUMER CREDIT, DEBIT, AND DISCOUNT CARDS
First Claim
1. A method comprising:
- receiving a first credential that is linked to a customer account containing one or more pre-established electronic payment mechanisms;
responsive to authenticating the first credential;
accessing the customer account;
dynamically selecting one of the electronic payment mechanisms as a best mechanism for providing an electronic payment for a financial transaction; and
outputting the selected one of the electronic payment mechanisms for use in completing electronic payment for the financial transaction.
3 Assignments
0 Petitions
Accused Products
Abstract
A method, system and computer program product for enabling completion of purchase transactions by retrieving purchase card information from an electronic database of consumer cards and applying the appropriate card to the transaction. The database, managed by a central card authority, stores client account information for cards such as debit, credit, phone, and discount cards, which are accessible via a unique, secure login/access credential, such as a username and password combination. During registration with the central card authority, a client classifies key/important factors to consider when performing purchases. The central card authority is accessed by the client during purchases from a retail facility and/or other purchasing environment. The central card authority automatically selects the best card to utilize during a purchase, after weighing the important purchasing factors related to the credit, debit, phone, and discount cards registered with the central card authority.
-
Citations
20 Claims
-
1. A method comprising:
-
receiving a first credential that is linked to a customer account containing one or more pre-established electronic payment mechanisms; responsive to authenticating the first credential; accessing the customer account; dynamically selecting one of the electronic payment mechanisms as a best mechanism for providing an electronic payment for a financial transaction; and outputting the selected one of the electronic payment mechanisms for use in completing electronic payment for the financial transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
-
-
11. A computer program product comprising:
-
a computer readable medium; and program code on the computer readable medium that when executed on a processing device provides the functions of; receiving a first credential that is linked to a customer account containing one or more pre-established electronic payment mechanisms; authenticating the first credential before providing access to the customer account, wherein access to the customer account and the electronic payment mechanisms maintained therein is only available when the first credential is authenticated; responsive to authenticating the first credential; accessing the customer account; dynamically selecting one of the electronic payment mechanisms as a best mechanism for providing an electronic payment for a financial transaction; outputting the selected one of the electronic payment mechanisms for use in completing electronic payment for the financial transaction; detecting when a selection of a second one of the payment mechanisms within the customer account is received to override the dynamic selection of the best payment mechanism outputted; and when the selection is received; replacing the best payment mechanism with the second payment mechanism selected; and completing the financial transaction with the second payment mechanism selected. - View Dependent Claims (12, 13, 14, 15)
-
-
16. A central card authority server comprising:
-
a processor; a database within which is stored one or more customer accounts having one or more electronic payment mechanisms that may be selected for completing a financial transaction; a customer card selection (CCS) utility that executes on the processor to provide the following functions; receiving a first credential that is linked to a customer account containing one or more pre-established electronic payment mechanisms; authenticating the first credential before providing access to the customer account, wherein access to the customer account and the electronic payment mechanisms maintained therein is only available when the first credential is authenticated; responsive to authenticating the first credential; accessing the customer account; dynamically selecting one of the electronic payment mechanisms as a best mechanism for providing an electronic payment for a financial transaction; outputting the selected one of the electronic payment mechanisms for use in completing electronic payment for the financial transaction; detecting when a selection of a second one of the payment mechanisms within the customer account is received to override the dynamic selection of the best payment mechanism outputted; and when the selection is received; replacing the best payment mechanism with the second payment mechanism selected; and completing the financial transaction with the second payment mechanism selected. - View Dependent Claims (17, 18, 19, 20)
-
Specification