Positionally Trackable Payment Device

• US 20090171797A1
• Filed: 12/22/2008
• Published: 07/02/2009
• Est. Priority Date: 12/28/2007
• Status: Abandoned Application

• Current Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Original Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Inventors: Branca, Frederick F. JR.
• Application Number:
  US12/341,507
• Publication Number:
  US 20090171797A1
• Time in Patent Office: Days
• US Class Current: 705/17
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip

Abstract

A payment device includes a positioning module for determining a location of the payment device. The positioning module has a receiver for receiving a signal from a navigational system. A first antenna is operably connected to the positioning module. A transmitting module is operably connected to the positioning module. The transmitting module emits a location signal corresponding to the location of the payment device as determined by the positioning module. An account information element is interrogatable by a point of sale device for permitting the completion of a commercial transaction.

Claims

1. A payment device comprising:

a positioning module for determining a location of the payment device, the positioning module having a receiver for receiving a signal from a navigational system;

a first antenna operably connected to the positioning module; and

a transmitting module operably connected to the positioning module, the transmitting module emitting a location signal corresponding to the location of the payment device as determined by the positioning module; and

an account information element interrogatable by a point of sale device for permitting the completion of a commercial transaction.

2. The device of claim 1 further including a housing, and the positioning module, the first antenna and the transmitting module are supported on the housing.

3. The device of claim 2, wherein the housing includes a planar member.

4. The payment device of claim 3, wherein the housing generally has the configuration of a credit card.

5. The device of claim 2, wherein the housing includes an attachment element for securing the housing to a structure.

6. The device of claim 1, wherein the transmitting module is selectively in operative communication with a wireless network.

7. The device of claim 1, wherein the account information element includes a strip of magnetic material located on the surface of the housing.

8. The device of claim 1, wherein the transmitting module transmits the location signal in response to a signal emanating from beyond the payment device.

9. The device of claim 1, wherein the transmitting module transmits the location signal in response to interrogation of the account information element by the point of sale device.

10. The device of claim 1, wherein the transmitting module transmits the location signal at predetermined changes in time or location.

11. The device of claim 1, wherein the positioning module includes a GPS receiver.

12. A positionally trackable payment device comprising:

a positioning module for determining a location of the payment device, the positioning module having a GPS receiver for receiving a signal from a satellite based navigational system; and

a transmitting module operably connected to the positioning module, the transmitting module emitting a location signal corresponding to the location of the payment device as determined by the positioning module, the transmitting module being adapted to communicate with a wireless communication network, the location signal being transmitted in response to a signal generated remote from the payment device; and

an account information element interrogatable by a point of sale device for permitting the completion of a commercial transaction.

13. The device of claim 12, wherein the account information element includes a magnetic strip.

14. The device of claim 12, wherein the account information element includes an RFID device.

15. The device of claim 12, wherein the transmitter is responsive to a signal received over a wireless network to transmit location information.

16. The device of claim 12, wherein the account information element is selectively configurable between an operative and inoperative state.

17. The device of claim 12, wherein the account information element is configurable in response to a remote signal.

18. A system for tracking a payment device comprising:

a payment device including a positioning module for determining a location of the payment device, and a transmitting module in operative communication with the positioning module, the transmitting module transmitting location information relating to the physical location of the payment device, and an account transaction element; and

a tracking terminal in operative communication with the payment device, the tracking terminal receiving information transmitted from the transmitting module, the tracking terminal being remotely accessible to permit the position information to be accessed remotely.

19. The system of claim 18, wherein the transmitting module transmits the location information in response to a use of the account transaction element.

20. The system of claim 18, wherein the transmitting module transmits the location information at predetermined intervals.

21. The system of claim 18, wherein the transmitting module transmits the location information in response to a change in location of the payment device.

22. The system of claim 18, wherein the computing device includes a user interface, and location information of the payment device is accessible over the user interface.

23. The system of claim 18, wherein the tracking terminal includes an internet connectable device.

24. A method of locating the position of a payment device comprising:

providing a payment device having a positioning module for determining a location of the device, and a transmitting module in operative communication with the positioning module for transmitting the payment device'"'"'s location, and having an account transaction element; and

selectively transmitting the payment device'"'"'s location in response to an event.

25. The method of claim 24, wherein the event includes use of the payment device to perform a commercial transaction.

26. The method of claim 24, wherein the event includes receipt of a remote signal.

27. The method of claim 24, including storing the location transmitted by the payment device on a computer system.

28. The method of claim 27, including accessing the computer network and retrieving the payment device location.