Method and system for rewarding use of a universal identifier, and/or conducting a financial transaction

• US 6,671,358 B1
• Filed: 04/18/2002
• Issued: 12/30/2003
• Est. Priority Date: 04/25/2001
• Status: Expired due to Term

• Current Assignee: Kioba Processing, LLC (IP Investments Group LLC)
• Original Assignee: Universal Identity Technologies Incorporated
• Inventors: Seidman, Charles B., Sossaman, Daniel M. II
• Primary Examiner(s): Ramakrishnaiah, Melur
• Application Number:
  US10/125,148
• Time in Patent Office: 621 Days
• Field of Search: 379/93.12, 379/93.13, 379/93.05, 379/93.06, 379/93.07, 379/93.08, 379/93.17, 379/93.24, 379/91.01, 235/380, 705/14, 705/26
• US Class Current: 379/93.12
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]

Abstract

A method for conducting a financial transaction corresponding to a good or service includes providing a plurality of first credit or debit devices; associating a universal identifier with each of the first credit or debit devices; associating one of the first credit or debit devices with a plurality of second credit or debit cards; employing the one of the first credit or debit devices to initiate the financial transaction; selecting one of the second credit or debit cards based upon the unique identifier and the good or service; and employing the selected one of the second credit or debit cards to conclude the financial transaction.

Claims

1. A method for conducting a financial transaction corresponding to a good or service, said method comprising the steps of:

providing a plurality of first credit or debit devices;

associating a unique identifier with each of said first credit or debit devices;

associating one of said first credit or debit devices with a plurality of second credit or debit cards;

employing said one of said first credit or debit devices to initiate said financial transaction;

selecting one of said second credit or debit cards based upon said unique identifier and said good or service; and

employing said selected one of said second credit or debit cards to conclude said financial transaction.

2. The method of claim 1 further comprising:

employing a universal identifier as said unique identifier.

3. The method of claim 2 further comprising:

providing a reward related to said universal identifier in response to said financial transaction.

4. The method of claim 1 further comprising:

purchasing said good or service as part of said financial transaction.

5. The method of claim 1 further comprising:

leasing said good or service as part of said financial transaction.

6. The method of claim 1 further comprising:

presenting said one of said first credit or debit devices at a point of sale terminal.

7. The method of claim 1 further comprising:

entering the unique identifier of said one of said first credit or debit devices on a web page.

8. The method of claim 1 further comprising:

entering the unique identifier of said one of said first credit or debit devices on a wireless communication device.

9. The method of claim 1 further comprising:

employing a plurality of types of goods or services;

selecting one of said types of goods or services; and

selecting one of said second credit or debit cards based upon said selected one of said types of goods or services.

10. The method of claim 1 further comprising:

associating a plurality of codes with a plurality of goods or services;

associating at least one of said goods or services with each of said second credit or debit cards;

selecting one of said goods or services;

determining the code for said selected one of said goods or services; and

selecting one of said second credit or debit cards based upon said determined code for said selected one of said goods or services.

11. The method of claim 10 further comprising:

storing at least some of said codes for said goods or services in a database; and

accessing said database to select said one of said second credit or debit cards.

12. The method of claim 11 further comprising:

associating one of said second credit or debit cards with said codes for said goods or services which are not in said database;

selecting as said selected one of said goods or services one of said goods or services having one of said codes which are not in said database; and

selecting as said one of said second credit or debit cards said associated one of said second credit or debit cards.

13. The method of claim 1 further comprising:

selecting one of said first credit or debit devices from the group comprising;

a credit card, a debit card, a radio frequency identification device, and an infrared scanning device.

14. The method of claim 1 further comprising:

associating a plurality of codes with a plurality of commercial establishments;

selecting one of said commercial establishments;

purchasing a good or service from said selected one of said commercial establishments;

determining the code of said selected one of said commercial establishments; and

selecting one of said second credit or debit cards based upon said code.

15. A system for conducting a financial transaction, said system comprising:

means for storing a plurality of codes associated with goods or services;

means for storing a plurality of unique identifiers each of which is associated with one of a plurality of first credit or debit devices;

means for associating one of said first credit or debit devices with a plurality of second credit or debit cards;

means for initiating said financial transaction for one of said goods or services with one of said first credit or debit devices;

means for selecting one of said second credit or debit cards based upon the unique identifier of said one of said first credit or debit devices and the code of said one of said goods or services; and

means for concluding said financial transaction with said selected one of said second credit or debit cards.