Method and system for transacting an anonymous purchase over the internet

• US 7,328,181 B2
• Filed: 10/07/2005
• Issued: 02/05/2008
• Est. Priority Date: 07/29/1999
• Status: Expired due to Fees

• Current Assignee: PrivaCash Incorporated
• Original Assignee: PrivaCash Incorporated
• Inventors: Sutton, David B., Blasiman, Douglas E.
• Primary Examiner(s): PATEL, JAGDISH
• Application Number:
  US11/245,732
• Publication Number:
  US 20060080234A1
• Time in Patent Office: 851 Days
• Field of Search: 705/35, 705/39
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/3433 the counter having monetary units
• CPC Class Codes: G06Q 20/363 with the personal data of a user
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/383 Anonymous user system
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: G07F 7/02 by keys or other credit registering devices
• CPC Class Codes: G07F 7/0866 by active credit-cards adapted therefor G07F7/1008 takes precedence

Abstract

A method is provided for transacting a purchase using a non-personalized purchase card which is distributed to a number of purchase card outlet each purchase card being a bearer instrument having a non-personalized card holder name without any perspective card holder data thereon. The card is sold at the purchase card outlet and the purchase cardholder can use the card to make a purchase at an unrelated retailer with the transaction cleared over a network connection using a software implemented application that transmits the card issuer without transmitting any user specific information.

Claims

1. A method of transacting a purchase, comprising:

distributing a plurality of unfunded purchase cards from a purchase card provider to a plurality of purchase card outlets, wherein each of the purchase cards is a bearer instrument having an associated account number issued by a major branded credit card organization, an expiration date and a non-personalized cardholder name selected by the purchase card provider printed thereon, wherein the purchase card does not include information identifying the specific perspective cardholder, wherein information associated with each of the purchase card accounts is maintained in a software implemented application operated by the purchase card provider;

issuing a purchase card to a cardholder at the a purchase card outlet;

contacting the purchase card provider to fund and activate the purchase card account of specific purchase card issued with a software implemented application or via the telephone; and

transacting a cardholder purchase at any one of a number of retailers not associated with the purchase card outlet which accepts credit cards of the major branded credit card organization, wherein the cardholder presents the purchase card and the retailer contacts the purchase card provider over a network connection to interface with the software implemented application transmitting the purchase amount and the purchase card account number without requiring the retailer to collect and transmit personalized cardholder identifying information, to verify using the software implemented retail application that the purchase card is unexpired and that the purchase amount does not exceed the cardholder'"'"'s funding limit, whereupon the purchase card account information will be debited by the amount of the purchase and the account of the retailer will be electronically credited completing the purchase transaction.

2. The method of claim 1 wherein the non-personalized cardholder name is further defined as a name for the purchase card provider.

3. The method of claim 1 wherein the step of issuing a purchase card further comprises purchasing the purchase card from a purchase card outlet.

4. The method of claim 3 wherein the purchase card is provided by the purchase card provider to the purchase card outlet on a consignment basis.

5. The method of claim 3 wherein the purchase card has an associated initial purchase limit equal to an amount paid for the purchase card less a service fee assessed by the purchase card provider.

6. The method of claim 1 wherein the purchase card has an associated expiration date imprinted thereon which can be provided by the purchaser to the retailer and used by the retailer to transact the purchase.

7. The method of claim 1 wherein the purchase card includes an associated address for the purchase card provider, such that the address may be provided by the cardholder to the retailer as part of the purchase transaction.

8. The method of claim 1 wherein the purchase card is provided with contact information imprinted directly on the purchase card to enable the cardholder to contact the purchase card provider.

9. The method of claim 1 wherein the step of distributing the plurality of unfunded purchase cards further includes maintaining an electronic record associating the account numbers of the purchase cards distributed by the purchase card provider.

10. The method of claim 1 wherein each of the purchase cards has a card value imprinted on the face of the card.

11. The method of claim 1 wherein the purchase card has an expiration date imprinted on the face of the card.

12. The method of claim 1 wherein the purchase card provider is associated with a member financial institution of the credit card organization, wherein the purchase card is imprinted with an identifier of the credit card organization.

13. The method of claim 12 wherein the purchase cards are debit cards associated with the member financial institution and electronically cleared through its credit card organization where the distribution, funding and activation is administered by the purchase card provider acting as a intermediary between the member funding institution and the card holder.

14. A method of transacting a purchase, comprising:

distributing a plurality of unfunded purchase cards from a purchase card provider to a plurality of purchase card outlets, wherein each of the purchase cards is a bearer instrument having an associated account number issued by a major branded credit card organization, an expiration date, contact information for the purchase card provider and a printed non-personalized cardholder name located on the card, but, does not include the identity of the perspective cardholder, wherein information associated with each of the purchase card accounts is maintained in a software implemented application operated by the purchase card provider;

selling a purchase card to a cardholder at a retail purchase card outlet without requiring the cardholder paying in cash to provide any personal identifying information, wherein the purchase card account has an initial funded value and contacting the purchase card provider to fund the specific purchase card sold;

transacting a cardholder purchase at any one of a number of retailers not associated with the purchase card outlet which accepts credit cards of the major branded credit card organization, wherein the cardholder presents the purchase card and the retailer contacts the purchase card provider over a network connection using a retailer software application which communicates with the purchase card provide'"'"'s software implemented application transmitting the purchase amount and the purchase card account number without requiring the cardholder to collect and provide personal cardholder identifying information, so that the retailer can verify that the purchase card is active, not expired and that the purchase does not exceed the cardholder'"'"'s funding limit, whereupon the purchase card account is debited by the amount of the purchase, and an account of the retailer is electronically credited the purchase amount less a processing fee completing the purchase transaction.

15. The method of claim 14 wherein the step of distributing the plurality of unfunded purchase cards further includes maintaining an electronic record associating the account numbers of the purchase cards distributed by the purchase card provider.

16. The method of claim 14 wherein the purchase card provider is associated with a member financial institution of the credit card organization, wherein the purchase card is imprinted with an identifier of the credit card organization.

17. The method of claim 16 wherein the purchase cards are debit cards associated with the member financial institution and electronically cleared through its credit card organization where the distribution, funding and activation is administered by the purchase card provider acting as a intermediary between the member funding institution and the card holder.

18. The method of claim 14 wherein each of the purchase cards has a card value imprinted on the face of the card.