PREPAID PORTABLE CONSUMER DEVICE INCLUDING ACCUMULATOR
First Claim
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1. A portable consumer device comprising:
- a communications element configured to communicate with an access device during one or more transactions; and
a memory element, the memory element including an accumulator record, wherein the accumulator record retains the value of the one or more transactions upon additional funds being collected on the portable consumer device.
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Abstract
A portable consumer device may have money stored therein, which can be calculated using an accumulator record. The accumulator record can be incremented by the amount of any transaction using the portable consumer device. The accumulator record can retain the value of the prior transactions, upon additional funds being collected on the portable consumer device.
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Citations
20 Claims
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1. A portable consumer device comprising:
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a communications element configured to communicate with an access device during one or more transactions; and a memory element, the memory element including an accumulator record, wherein the accumulator record retains the value of the one or more transactions upon additional funds being collected on the portable consumer device. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A method for processing a transaction with a portable consumer device, the transaction having a value, the method comprising:
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determining, using a processor, the value of an accumulator record stored in a memory of the portable consumer device; incrementing, using the processor, the accumulator record by the value of the transaction, wherein the accumulator record retains the value of the transaction upon additional funds being collected on the portable consumer device. - View Dependent Claims (8, 9, 10, 11, 12)
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13. A computer readable medium for managing a portable consumer device, the computer readable medium comprising:
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code for maintaining a shadow account for the portable consumer device, the shadow account comprising a shadow accumulator record, wherein the shadow accumulator record retains the value for each transaction in the portable device transaction history, upon additional funds being collected on the portable consumer device. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20)
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Specification