SEAMLESSLY CAPTURING TRANSACTIONAL DATA AT THE MERCHANT'S POINT OF SALE ENVIRONMENT AND CREATING ELECTRONIC RECEIPTS, ALL IN REAL-TIME

• US 20120290422A1
• Filed: 05/14/2012
• Published: 11/15/2012
• Est. Priority Date: 11/16/2009
• Status: Abandoned Application

• Current Assignee: Mick M. Bhinder
• Original Assignee: Mick M. Bhinder
• Inventors: Bhinder, Mick M.
• Application Number:
  US13/470,431
• Publication Number:
  US 20120290422A1
• Time in Patent Office: Days
• US Class Current: 705/21
• CPC Class Codes: G06Q 20/047 using payment protocols involving electronic receipts
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems

Abstract

Series of processes and methods designed to seamlessly capture detailed transactional data from merchants'"'"' Point of Sale environments and generate final presentments of electronic receipts for both consumers and merchants, is accessible from their destination accounts, all in real time. Objectives are to: migrate all printed paper receipts to electronic forms; enable customer facing post-sales management capabilities; increase self serve; create new shopping and post-shopping experiences and satisfaction rates; significantly reduce administrative and storage requirements and costs, and provide more time for work productivity. Customers and merchants are able to create various reports and are able to directly submit them from their destination accounts for: expenditure accounting and tax purposes, payment processing, and for other company expenses. Further capabilities include creating: supplementary accounts; spend alerts; merchant driven targeted profile marketing initiatives, and business directory listings with mapping capabilities.

Claims

1. A computer implemented system of processing a financial transaction at a point-of-sale terminal, the system comprising

one or more distributed processors;

and

one or more memories for storing information and at least one set of instructions which, when executed by the one or more distributed processors, cause the one or more distributed processors to;

capture financial transaction data;

identify a destination account at a remote data storage facility;

send the financial transaction data to the remote data storage facility;

generate an electronic receipt from the financial transaction data; and

store the electronic receipt at the destination account at the remote data storage facility;

wherein

the destination account is associated with an account type; and

the electronic receipt is configurable to contain a variable amount of merchant level data based on the account type.

2. The system of claim 1 wherein the account type of the destination account that stores the electronic receipt is selected from a group consisting of:

a consumer type, a business manager type, and a merchant type.

3. The system of claim 1, wherein when identifying the destination account, the one or more processors is further configured to:

request financial account information used for payment during the financial transaction;

determine if the destination account corresponding to the financial account information exists; and

if the destination account does not exist, create the destination account as corresponding to the financial account information.

4. The system of claim 3, wherein the financial account information is at least one selected from a group consisting of:

credit card accounts, debit card accounts, bank accounts, smart cards, charge cards, contactless payment, biometric payment and mobile payment.

5. The system of claim 1, wherein the financial transaction is initiated with a mobile application on the mobile device, and wherein the mobile application comprises a monetary value of a payment method.

6. The system of claim 5, wherein the mobile application is configurable to display a barcode for indicating the payment method and the destination account.

7. The system of claim 1, wherein the electronic receipt comprises contact information for contacting a financial institution holding the source of payment funds, and the contact information, when accessed, is configured to cause a freeze to be placed on the payment funds.

8. A computer implemented system for processing a financial transaction at a point-of-sale terminal, the system comprising

one or more distributed processors;

and

one or more memories for storing information and at least one set of instructions which, when executed by the one or more distributed processors, cause the one or more processors to;

determine multiple destination accounts stored on a remote data storage facility;

generate at least one electronic receipt for each of the multiple destination accounts; and

send the at least one electronic receipt to each of the multiple destination accounts at the remote data storage facility.

9. The system of claim 8, wherein the multiple destination accounts comprise a primary account and at least one supplementary account.

10. The system of claim 9, wherein the one or more distributed processors is further configured to send spend alerts to a primary account if the financial transaction involved the at least one supplementary account.

11. The system of claim 8, wherein the financial transaction occurs at a physical location, and at least one of the multiple destination accounts belongs to an account holder not present at the physical location of the financial transaction.

12. The system of claim 9, wherein the primary account corresponds to an employer account, and the supplementary account corresponds to an employee account associated with the employer account.

13. A computer implemented system for storing electronic receipts comprising:

a processor; and

a memory storing a plurality of instructions, which when executed by the processor, causes the processor to provide;

a merchant module operable to store merchant account data;

a consumer module operable to store consumer account data;

a business manager module operable to store business account data;

a receipts module operable to store electronic receipts associated with the merchant account data and the consumer account data; and

a hypermedia interface for interacting with the electronic receipts.

14. The system of claim 13, wherein the interacting with the electronic receipts by the hypermedia interface comprises one selected from the group consisting of:

viewing, searching, printing and downloading.

15. The system of claim 13, wherein the hypermedia interface is implemented by one or more of the following:

an application programming interface, a website, a web portal, a mobile website, a mobile application, and a smartphone application.

16. The system of claim 13, wherein

the merchant module is configured to generate merchant promotions;

and

the hypermedia interface is configured to send the merchant promotions to a consumer account with valid consumer account data.

17. The system of claim 16, wherein the hypermedia interface is further configured to allow trading of the merchant promotions between the consumer account and another consumer account with valid consumer account data.

18. The system of claim 13, wherein the hypermedia interface is configured to provide a business directory based on the merchant account data.

19. The system of claim 18, wherein the business directory is tailored for a consumer account based on consumer account data associated with the consumer account.

20. The system of claim 18, wherein the business directory is tailored for a merchant account based on merchant account data associated with the merchant account.