System and method for selecting an account
First Claim
1. A transaction card system, comprising:
- a selecta-card number;
a plurality of account identification numbers wherein a first account identification number is associated with a first transaction account and a second account identification number is associated with a second transaction account;
a selecta-card transaction processor configured to receive said selecta-card number and one or more of said plurality of account identification numbers to identify a specified transaction account.
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Accused Products
Abstract
A selecta-card system and method is disclosed which provides a means to use a single transaction card to facilitate transactions with a variety of transaction account devices. Accordingly, multiple accounts are associated with a selecta-card by pre-selected account identification numbers. To facilitate a transaction with a selecta-card, a cardholder enrolls in a selecta-card account system, providing account identification numbers corresponding to desired cardholder-identified transaction accounts. When making a purchase, the cardholder swipes the selecta-card through a remote terminal such as a POS device, wherein the selecta-card number is read and communicated to a selecta-card provider. To choose which transaction account to use for the purchase, the cardholder inputs an account identification number corresponding to a pre-defined transaction account, the selecta-card provider retrieves the corresponding transaction account and processes cardholder transaction request accordingly.
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Citations
14 Claims
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1. A transaction card system, comprising:
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a selecta-card number;
a plurality of account identification numbers wherein a first account identification number is associated with a first transaction account and a second account identification number is associated with a second transaction account;
a selecta-card transaction processor configured to receive said selecta-card number and one or more of said plurality of account identification numbers to identify a specified transaction account. - View Dependent Claims (2, 3, 4, 5, 6)
a look-up database comprising transaction account information, a plurality of account identification numbers and selecta-card numbers;
wherein said look-up database is configured to identify transaction accounts based on the combination of a selecta-card number and said plurality of account identification numbers.
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4. The transaction card system of claim 3, further comprising:
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said selecta-card transaction processor, wherein said processor is configured to generate secondary transaction requests; and
one or more transaction processors configured to transmit said secondary transaction requests.
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5. The transaction card system of claim 1, further comprising an internal transaction processor configured to facilitate cardholder transaction account processing.
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6. The transaction card system of claim 1, further comprising:
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a card processing network in communication with said selecta-card transaction processor;
a debit servicer; and
a debit gateway configured to communicate with said card processing network.
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7. A transaction card system comprising:
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a selecta-card card bearing a magnetic strip, wherein said magnetic strip encodes a selecta-card number;
a plurality of account identification numbers wherein a first account identification number is associated with a first transaction account and a second account identification number is associated with a second transaction account;
a selecta-card transaction processor configured to receive said selecta-card number and one or more of said plurality of account identification numbers so as to identify a specified transaction account.
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8. A selecta-card process comprising the steps of:
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receiving transaction request information from a cardholder via a remote terminal, wherein said request comprises a cardholder selecta-card number and an account identification number; and
processing said selecta-card number and said account identification number to determine which cardholder transaction account is associated therewith. - View Dependent Claims (9, 10, 11, 12, 13, 14)
receiving transaction request information, via a remote terminal, from said cardholder;
determining if said transaction request information and said associated transaction account involves an internal transaction account;
communicating said transaction request information to an internal transaction processor if an internal transaction account is identified; and
processing said transaction request information with said associated transaction account to facilitate a cardholder transaction.
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10. The selecta-card process of claim 9, wherein said transaction account is any one of the following:
- a stored value account, a credit card account, a charge card account, or a debit card account.
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11. The selecta-card process of claim 8, further comprising the steps of:
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determining if said transaction request information and said associated transaction account involves an external transaction account; and
communicating said transaction request information to a third party financial institution via a card processing network to facilitate a cardholder transaction if said associated transaction account involves an external transaction account.
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12. The selecta-card process of claim 11, wherein said transaction account is any one of the following:
- a stored value account, a credit card account, a charge card account;
or a debit card account.
- a stored value account, a credit card account, a charge card account;
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13. The selecta-card process of claim 8, wherein said remote terminal is a card reader.
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14. The selecta-card process of claim 8, further comprising a settlement process comprising the steps of:
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processing request for payment to said merchant when said merchant submits a settlement record;
recording transactions processed with a selecta-card as settlement records in a settlement table; and
paying said merchant.
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Specification