PAYMENT REPORTING SYSTEM AND METHOD
First Claim
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1. A payment system comprising:
- a mobile data storage device for storing payment information associated with first and second payment sources; and
at least one processor for executing a payment protocol and a reporting protocol,wherein the payment protocol is configured to determine a first payment amount associated with a current procedure,wherein the reporting protocol is configured to generate a first report, the first report comprising payment information associated with the first payment, andwherein the first payment amount is an amount to be paid by the first payment source.
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Abstract
A method and system is provided for convergence of multiple independent applications into a single payment vehicle and for recording and reporting associated payments and available funds.
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Citations
20 Claims
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1. A payment system comprising:
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a mobile data storage device for storing payment information associated with first and second payment sources; and at least one processor for executing a payment protocol and a reporting protocol, wherein the payment protocol is configured to determine a first payment amount associated with a current procedure, wherein the reporting protocol is configured to generate a first report, the first report comprising payment information associated with the first payment, and wherein the first payment amount is an amount to be paid by the first payment source. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method of determining one or more payment amount associated with a current procedure, the method comprising:
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storing on a mobile data storage device information associated with first and second payment sources; and utilizing at least one processor to execute a payment protocol and a reporting protocol, wherein the payment protocol determines a first payment amount associated with a current procedure, wherein the reporting protocol generates a first report, the first report comprising payment information associated with the first payment, and wherein the first payment amount is an amount to be paid by the first payment source. - View Dependent Claims (12, 13, 14, 15, 16, 17)
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18. An information system comprising:
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a mobile data storage device for storing source information associated with first and second sources; and a processor for executing a determination protocol, the determination protocol being configured to determine a first value associated with a current consideration, wherein the first value is associated with the first source, wherein the source information comprises at least one threshold value associated with the first source, and wherein the determination protocol is configured to determine the first value based on the at least one threshold value associated with the first source. - View Dependent Claims (19, 20)
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Specification