ELECTRONIC FUND TRANSFER OR TRANSACTION SYSTEM
First Claim
1. A method for configuring a universal financial card, the method comprising:
- storing a plurality of financial institution identifiers on the universal financial card;
storing a plurality of account identifiers on the universal financial card, the plurality of account identifiers configured to represent a plurality of accounts at the plurality of financial institutions; and
storing identification information on the universal financial card, the identification information associated with the plurality of accounts and comprising at least authorized user information;
wherein the universal financial card is configured to enable a financial transaction on one of the plurality of accounts when an associated account identifier is selected.
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Accused Products
Abstract
A universal financial card is provided having a first memory location, which is configured to store a plurality of financial institution identifiers. The universal financial card further includes a second memory location, which is configured to store a plurality of account identifiers which are configured to represent a plurality of accounts at the plurality of financial institutions. The universal financial card next includes a third memory location, which is configured to store identification information associated with the plurality of accounts. The identification information includes at least authorized user information. A read device is included with the universal financial card and is configured to be read by a card reader and enable a financial transaction to be executed on one of the plurality of accounts identified by one of the plurality of account identifiers.
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Citations
23 Claims
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1. A method for configuring a universal financial card, the method comprising:
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storing a plurality of financial institution identifiers on the universal financial card; storing a plurality of account identifiers on the universal financial card, the plurality of account identifiers configured to represent a plurality of accounts at the plurality of financial institutions; and storing identification information on the universal financial card, the identification information associated with the plurality of accounts and comprising at least authorized user information; wherein the universal financial card is configured to enable a financial transaction on one of the plurality of accounts when an associated account identifier is selected. - View Dependent Claims (2)
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3. A universal financial card comprising:
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a first memory location configured to store a plurality of financial institution identifiers; a second memory location configured to store a plurality of account identifiers, the plurality of account identifiers configured to represent a plurality of accounts at the plurality of financial institutions; a third memory location configured to store identification information, the identification information associated with the plurality of accounts and comprising at least authorized user information; and a read device configured to be read by a card reader and enable a financial transaction to be executed on one of the plurality of accounts identified by one of the plurality of account identifiers. - View Dependent Claims (4, 5, 6, 7, 8, 9)
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10. A method for using a universal financial card, the method comprising:
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reading the universal financial card with a card reader, the universal financial card having a plurality of account identifiers representing a plurality of accounts at a plurality of financial institutions; displaying a menu on a display, the menu comprising a list of the plurality of accounts; receiving a selection of one of the plurality of accounts; and conducting a transaction on the one of the plurality of accounts. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17)
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18. An electronic financial transaction system comprising:
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a display; a card reader configured to read a universal financial card, the universal financial card having a plurality of account identifiers representing a plurality of accounts at a plurality of financial institutions; an input device; and a controller device configured to; cause display a menu comprising the plurality of accounts on the display; receive a selection of one of the plurality of accounts from the input device; and conduct a financial transaction on the one of the plurality of accounts. - View Dependent Claims (19, 20, 21, 22, 23)
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Specification