Credit/debit card for regulated transactions

• US 6,637,648 B1
• Filed: 12/20/2001
• Issued: 10/28/2003
• Est. Priority Date: 12/21/2000
• Status: Expired due to Term

• Current Assignee: Marathon Petroleum Company LP (Marathon Petroleum Corporation)
• Original Assignee: Marathon Ashland Petroleum LLC (Marathon Petroleum Corporation)
• Inventors: Thompson, John D., Sanders, Walter J., Gilgen, Peter, Sublett, Jeremy J., Harter, Robert D., Harridge, Peter V., Thomson, William Kevin, Tendam, Ronda L.
• Primary Examiner(s): St. Cyr, Daniel
• Application Number:
  US10/028,861
• Time in Patent Office: 677 Days
• Field of Search: 235/380, 235/375, 235/376, 235/378, 235/381, 235/385, 235/487, 235/492, 235/493
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/4016 involving fraud or risk level assessment in transaction processing
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G07F 13/025 wherein the volume is determined during delivery
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

Abstract

A method of doing business is disclosed which allows transactions in goods or services to be conducted in real time, with automatic changes as needed to comply with local rules or regulations. The method comprises storing, in a computer, at least one flag code associated with at least one of a locator code associated with locations having laws or rules which affect transactions within that geographic area and a transaction code associated with goods and services impacted by the laws or rules, confirming at the point of sale and at the time of sale if the transaction has a flag associated with it, collecting prior to, or at the time of sale, information from a consumer about their preferences for dealing with a transaction which is impacted by the local rule or regulation, and cross referencing flagged transactions with consumer preferences. The price, payment method or some other term of the transaction is adjusted as needed to comply with the local law or regulation. The business method facilitates offering discounts in gasoline, which are automatically reduced or changed to comply with local below cost sales rules.

Claims

1. A method of doing business related to purchase or lease of goods or services impacted by laws, regulation or custom (impacted Transaction) with a credit, debit or prepaid card and fulfilling a transaction in real time at the point of sale (POS) and a time of sale (TOS) comprising:

(a) storing, in a memory location of a computer, at least one flag code associated with at least one member of a group of a locator code associated with locations having laws, regulations or customs which affect transactions of goods or services within a geographic area and a transaction code associated with goods or services impacted by said laws, regulations or customs in geographic areas;

(b) confirming, at the POS or in a remote location, and at the TOS if the transaction has a flag associated therewith;

(c) collecting, prior to or at the TOS, information from a consumer about preferences for dealing with Impacted Transactions;

(d) cross-referencing, at the TOS and at the POS or in one or more remote computing locations operatively connected with the POS transaction means, said flagged transactions with said consumer choices and adjusting a price or payment method of the impacted transaction as need to comply with said law, regulation or custom and fulfill the transaction in accordance with said consumer preferences.

2. The method of claim 1 wherein the impacted transaction is a minimum sale price.

3. The method of claim 1 wherein the impacted transaction is sale of gasoline in a state with minimum sales prices or below cost legislation wholly or partially preventing discounts or promotional incentives on such sales.

4. The method of claim 1 wherein said consumer preference information is acquired at the time of acquiring said credit, debit or prepaid card.

5. The method of claim 1 wherein at least one of said consumer preference information is acquired at TOS and POS in response to an inquiry generated by occurrence of a flagged transaction.

6. The method of claim 1 wherein said consumer preference includes, and the POS transaction means has capability to accept, payment for the impacted transaction using a different credit, debit or pre-paid card the use of which is not impacted by said law, regulation or custom.

7. The method of claim 1 wherein said consumer is advised at the time of purchase that a transaction has been impacted by a law, regulation or custom.

8. The method of claim 7 wherein said consumer is given an option to proceed with a non-impacted payment method or cancel.

9. The method of claim 8 wherein said consumer has an option to enter, at the point of sale terminal, a new, continuing preference to proceed with an alternative, non-impacted payment method.

10. A method of providing a discontinued, pre-paid gasoline card, or a credit card having associated therewith a promotional feature, discounts or promotions for gasoline which may not be permissible in a geographic area due to a local rule, regulation or custom, and fulfilling a transaction in real time at a point of sale (POS) and a time of sale (TOS) comprising:

a) storing, in a memory location of a computer, at least one flag code associate with at least one member of a group of a locator code associated with locations having laws, regulations or customs which affect gasoline transactions within a geographic area and a transaction code associated with gasoline sales impacted by said laws, regulations or customs in some geographical areas;

b) confirming, at the POS or in a remote location, and at the TOS if the transaction has a flag associated therewith;

c) collecting, prior to or at the TOS, information from a consumer about preferences for dealing with impacted gasoline sales;

d) cross-referencing, at the TOS and at the POS or in one or more remote computing locations operatively connected with a POS transaction means;

said flagged transactions with said consumer choices and adjusting a price or payment method of an impacted transaction as needed to comply with said law, regulation or custom and fulfill the transaction in accordance with said consumer preferences.