MERCHANT SPECIFIED USAGE SCHEME IN FINANCIAL TRANSACTIONS
First Claim
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1. A method of implementing a merchant specified usage scheme comprising:
- obtaining an identifier from a transaction device associating the transaction device with an entity;
verifying at least a portion of the identifier against a merchant identification code; and
determining whether a holder of the transaction device receives a benefit of the merchant specified usage scheme based on the verification.
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Abstract
The preferred embodiments of the present invention are directed to enabling a merchant to specify whether other entities or employees thereof should benefit from a usage scheme, such as discounts, incentives, promotions, rewards, or the like, implemented by the merchant. A transaction device holds information associating the transaction device with an entity. The information associating the transaction device with the entity is verified against stored merchant identification code to determine whether the holder of the transaction device should receive the benefit of the usage scheme.
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Citations
19 Claims
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1. A method of implementing a merchant specified usage scheme comprising:
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obtaining an identifier from a transaction device associating the transaction device with an entity; verifying at least a portion of the identifier against a merchant identification code; and determining whether a holder of the transaction device receives a benefit of the merchant specified usage scheme based on the verification. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A computer readable medium comprising instructions executable by a computing device to implement a merchant specified usage scheme that when applied to the device, causes the device to:
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verify an identifier associating a transaction device with an entity against a stored merchant discount information; and determine whether a holder of the transaction device receives a benefit of the merchant specified usage scheme based on the verification. - View Dependent Claims (9, 10)
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11. A system for implementing a merchant specified usage scheme comprising:
a computing device configured to verify an identifier against a stored merchant identification code in response to receiving the identifier and determine whether a benefit of the merchant specified usage scheme is received based on the verification. - View Dependent Claims (12, 13, 14, 15, 16, 17)
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18. A transaction device for facilitating a merchant specified usage scheme comprising:
a storage medium that holds an identifier associating the transaction device with an entity, the identifier being accessible by a merchant terminal to determine whether a holder of the transaction device receives a benefit of the merchant specified usage scheme.
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19. The transaction device of claim 19, comprising at least one of a credit card, debit card, cell phone or smart card.
Specification