Multiple Payment Transaction Systems

• US 20090171835A1
• Filed: 12/26/2007
• Published: 07/02/2009
• Est. Priority Date: 12/26/2007
• Status: Abandoned Application

• Current Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Original Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Inventors: Blythe, Simon
• Application Number:
  US11/964,149
• Publication Number:
  US 20090171835A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems

Abstract

A system and method of conducting multiple payment transactions is disclosed. The system and method allow a consumer to make contributions to selected groups based upon the consumer'"'"'s financial activity. The invention could be used by a consumer to identify beneficiaries and can be used by merchants and payment network providers to provide donations.

Claims

1. A system for conducting multiple payment transactions comprising

a payment device capable of transmitting a financial transaction instruction for charging a consumer account a first monetary amount and a second monetary amount to be charged to said consumer account;

and

a processing module for charging said first amount to said consumer account and crediting said second amount to a beneficiary account.

2. The system of claim 1, wherein said financial transaction instruction comprises a first description of a first good or service.

3. The system of claim 1, wherein said processing module provides a graphical user interface to select at least one of said beneficiary account, said second monetary amount, and a second description of a good or service.

4. The system of claim 3, wherein said processing module associates said selected beneficiary account, said second monetary amount and said second description with said consumer account.

5. The system of claim 2, wherein said processing module (a) compares said first description to a second description associated to at least one of said consumer account and a merchant account and (2) credits said second amount to said beneficiary account based on the comparison.

6. The system of claim 5, wherein said processing module compares said consumer account to said merchant account.

7. The system of claim 5, wherein said processing module charges said second amount to said merchant account.

8. The system of claim 1, wherein said processing module charges a fee for processing said financial transaction instruction and credits a portion of said fee to said beneficiary account.

9. The system of claim 1, wherein said payment device is selected from the group consisting essentially of a smart card, magnetic stripe card, PDA, and cellular phone.

10. A method for conducting multiple payment transactions comprising

transmitting a financial transaction instruction for charging a consumer account a first monetary amount and a second monetary amount to be charged to said consumer account;

and

charging said first amount to said consumer account; and

crediting said second amount to a beneficiary account.

11. The method of claim 10, wherein said financial transaction instruction comprises a first description of a first good or service.

12. The method of claim 10 further comprising providing a graphical user interface to select at least one of said beneficiary account, said second monetary amount, and a second description of a good or service.

13. The method of claim 12 further comprising associating said selected beneficiary account, said second monetary amount, and said second description with said consumer account.

14. The method of claim 13 further comprising comparing said first description to a second description associated to at least one of said consumer account and a merchant account and (2) crediting said second amount to said beneficiary account based on the comparison.

15. The method of claim 14 further comprising comparing said consumer account to said merchant account.

16. The method of claim 14 further comprising charging said second amount to said merchant account.

17. The method of claim 10, further comprising charging a fee for processing said financial transaction instruction and credits a portion of said fee to said beneficiary account.