SYSTEMS, METHODS, AND DEVICES FOR COMBINED CREDIT CARD AND STORED VALUE TRANSACTION ACCOUNTS
First Claim
1. A method comprising:
- determining, by a computer based system for facilitating use of a transaction account and based on selection criteria, at least one of a first transaction account and a second transaction account to access for processing a transaction, resulting in a selected transaction account,wherein said selection criteria include said first transaction account being selected in response to a transaction being initiated with at least one of a first group of merchants and a first type of products, and said second transaction account being selecting in response to a transaction being initiated with at least one of a second group of merchants and a second type of products;
communicating, by said computer based system and in response to said determining, an authorization request to a selected authorizer associated with said selected transaction account;
receiving, by said computer based system, an authorization approval from said selected authorizer; and
processing, by said computer based system, said transaction via said selected transaction account.
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Accused Products
Abstract
The present invention generally relates to a single transaction account identifier that can be used for in transactions with one of multiple transaction accounts. The method includes one or more of the following steps: establishing at least two transaction accounts, wherein the transaction accounts are respectively associated with transaction account identifiers; receiving, at a transaction processing system, a common account identifier; recognizing the common account identifier as being associated with more than one account; and determining, which of the at least two transaction accounts to access for processing the transaction. The determining step may be based on selection criteria and the selection criteria may be modified by a user. One of the first and second transaction account identifiers may be forwarded to the respective first and second transaction accounts based on the determining step; and the transaction may be processed via the selected transaction account.
167 Citations
19 Claims
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1. A method comprising:
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determining, by a computer based system for facilitating use of a transaction account and based on selection criteria, at least one of a first transaction account and a second transaction account to access for processing a transaction, resulting in a selected transaction account, wherein said selection criteria include said first transaction account being selected in response to a transaction being initiated with at least one of a first group of merchants and a first type of products, and said second transaction account being selecting in response to a transaction being initiated with at least one of a second group of merchants and a second type of products; communicating, by said computer based system and in response to said determining, an authorization request to a selected authorizer associated with said selected transaction account; receiving, by said computer based system, an authorization approval from said selected authorizer; and processing, by said computer based system, said transaction via said selected transaction account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. A computer based system for facilitating use of a transaction account comprising:
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a network interface communicating with a non-transitory memory; said memory communicating with a processor for facilitating use of a transaction account; said processor, when executing a computer program, performs operations comprising; determining, by said processor and based on selection criteria, at least one of a first transaction account and a second transaction account to access for processing a transaction, resulting in a selected transaction account, wherein said selection criteria include said first transaction account being selected in response to a transaction being initiated with at least one of a first group of merchants and a first type of products, and said second transaction account being selecting in response to a transaction being initiated with at least one of a second group of merchants and a second type of products; communicating, by said processor and in response to said determining, an authorization request to a selected authorizer associated with said selected transaction account; receiving, by said processor, an authorization approval from said selected authorizer; and processing, by said processor, said transaction via said selected transaction account.
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19. A tangible non-transitory computer-readable storage medium having computer-executable instructions stored thereon that, when executed by a computer based system for facilitating use of a transaction account, cause said computer based system to perform operations comprising:
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determining, by said computer based system and based on selection criteria, at least one of a first transaction account and a second transaction account to access for processing a transaction, resulting in a selected transaction account, wherein said selection criteria include said first transaction account being selected in response to a transaction being initiated with at least one of a first group of merchants and a first type of products, and said second transaction account being selecting in response to a transaction being initiated with at least one of a second group of merchants and a second type of products; communicating, by said computer based system and in response to said determining, an authorization request to a selected authorizer associated with said selected transaction account; receiving, by said computer based system, an authorization approval from said selected authorizer; and processing, by said computer based system, said transaction via said selected transaction account.
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Specification