Method and apparatus to process combined credit and debit card transactions
First Claim
1. A method for executing a transaction using a credit card, comprising the steps of:
- maintaining a credit card account associated with the credit card, the credit card account having a credit limit and the credit card having a transaction balance indicative of an aggregate of previously authorized transaction amounts in a predetermined period;
maintaining a cash account associated with the credit card, the cash account having a cash balance;
receiving a request for authorization for a new transaction amount against the credit card account in exchange for goods or services; and
authorizing the requested transaction amount when the aggregate of the credit limit and cash balance less the transaction balance exceeds the requested transaction amount.
1 Assignment
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Accused Products
Abstract
A method and apparatus for executing a transaction using a credit card includes the steps of: maintaining a credit card account associated with the credit card, the credit card account having a credit limit and a transaction balance indicative of an aggregate of previously authorized transaction amounts in a predetermined period; maintaining a cash account associated with the credit card, the cash account having a cash balance; receiving a request for authorization for a new transaction amount against the credit card account in exchange for goods or services; and authorizing the requested transaction amount when the aggregate of the credit limit and cash balance less the transaction balance exceeds the requested transaction amount.
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Citations
26 Claims
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1. A method for executing a transaction using a credit card, comprising the steps of:
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maintaining a credit card account associated with the credit card, the credit card account having a credit limit and the credit card having a transaction balance indicative of an aggregate of previously authorized transaction amounts in a predetermined period; maintaining a cash account associated with the credit card, the cash account having a cash balance; receiving a request for authorization for a new transaction amount against the credit card account in exchange for goods or services; and authorizing the requested transaction amount when the aggregate of the credit limit and cash balance less the transaction balance exceeds the requested transaction amount. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. An apparatus for executing a transaction using a credit card, comprising:
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a credit card account associated with the credit card, the credit card account having a credit limit and a transaction balance indicative of an aggregate of previously authorized transaction amounts in a predetermined period; a cash account associated with the credit card, the cash account having a cash balance; and a transaction processing unit coupled to the cash account and the credit account, the transaction processing unit being adapted to (i) receive a request for authorization for a new transaction amount against the credit card account in exchange for goods or services; and
(ii) authorize the requested transaction amount when the aggregate of the credit limit and cash balance less the transaction balance exceeds the requested transaction amount. - View Dependent Claims (19, 20, 21, 22, 23, 24, 25, 26)
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Specification