System and method for processing financial transactions
First Claim
Patent Images
1. A system comprising:
- a merchant transceiver, comprised of a transceiver antenna, that (a) sends a first radio frequency communication to a customer transceiver and (b) receives a second radio frequency communication conveying a customer/transmitter identifier from said customer transceiver;
a point-of-sale device processor, in communication with said merchant transceiver, that (a) captures transaction data and (b) transmits an authorization request to a transaction processing system; and
a transaction processing system comprising a memory having program instructions, and a processor configured to use said program instructions to (a) receive said authorization request, (b) determine, from said customer/transmitter identifier and a merchant identifier, a payment method corresponding to a payment processor, (c) transmit an authorization request to said payment processor for authorization and (d) transmit to said point-of-sale device said payment processor'"'"'s response to said authorization request,wherein a merchant is associated with a given brand,wherein the merchant identifier is the same for all stores associated with the given brand,wherein each customer/transmitter identifier is associated with a customer account and wherein each customer account identifies a pre-assigned payment method for each merchant identified in the customer account and, in multiple customer accounts, the pre-assigned payment methods vary for transactions with merchants associated with different brands.
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Abstract
A network for processing retail sales transactions includes a customer transceiver with a unique customer number, a reader receiving the customer number and sending it to a point-of-sale device where it is combined with transaction information to form a transaction entry. The transaction entry is sent through a merchant computer to a transaction processing system having a customer database. The transaction processing system references an entry in the customer database corresponding to the customer/transmitter ID number and routes the transaction entry to a payment processing system specified in the customer database entry.
1032 Citations
44 Claims
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1. A system comprising:
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a merchant transceiver, comprised of a transceiver antenna, that (a) sends a first radio frequency communication to a customer transceiver and (b) receives a second radio frequency communication conveying a customer/transmitter identifier from said customer transceiver; a point-of-sale device processor, in communication with said merchant transceiver, that (a) captures transaction data and (b) transmits an authorization request to a transaction processing system; and a transaction processing system comprising a memory having program instructions, and a processor configured to use said program instructions to (a) receive said authorization request, (b) determine, from said customer/transmitter identifier and a merchant identifier, a payment method corresponding to a payment processor, (c) transmit an authorization request to said payment processor for authorization and (d) transmit to said point-of-sale device said payment processor'"'"'s response to said authorization request, wherein a merchant is associated with a given brand, wherein the merchant identifier is the same for all stores associated with the given brand, wherein each customer/transmitter identifier is associated with a customer account and wherein each customer account identifies a pre-assigned payment method for each merchant identified in the customer account and, in multiple customer accounts, the pre-assigned payment methods vary for transactions with merchants associated with different brands. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
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22. A computer-implemented method comprising:
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transmitting a first radio frequency communication to a customer transceiver; receiving a second radio frequency communication including customer identification data at a receiver; creating an authorization request based in part upon the receipt of the customer identification data, the authorization request comprising transaction data and the received customer identification data; communicating the authorization request to a transaction processor; selecting a payment method corresponding to a payment processor, at the transaction processor, based at least in part upon information associated with the customer identification data and a merchant identifier stored in a database accessible by the transaction processor; and communicating with the selected payment processor for approval and payment, wherein a merchant is associated with a given brand, wherein the merchant identifier is the same for all stores associated with the given brand, wherein the customer identification data is associated with a customer account, and wherein each customer account identifies a preassigned payment method for each merchant identified in the customer account and, in multiple customer accounts, the preassigned payment methods vary for transactions with merchants associated with different brands. - View Dependent Claims (23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40)
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41. A method for processing transactions comprising the steps of:
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receiving a communication at a point-of-sale device, said communication comprising customer identification data; transmitting an authorization request from said point-of-sale device to a transaction processing system, said authorization request comprising a merchant identifier, transaction data, and said customer identification data; and receiving a response to said authorization request from said transaction processing system, wherein a merchant is associated with a given brand, wherein the merchant identifier is the same for all stores associated with the given brand, wherein the customer identification data is associated with a customer account, and wherein each customer account identifies a pre-assigned payment method for each merchant identified in the customer account and, in multiple customer accounts the preassigned payment methods vary for transactions with merchants associated with different brands.
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42. A method for collecting consumer purchasing trend information in a transaction processing system, said method comprising the computer-implemented steps of:
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receiving a communication at one of a plurality of point-of-sale devices, said communication comprising customer identification data; transmitting an authorization request from one of said plurality of point-of-sale devices to said transaction processing system, said authorization request comprising a merchant identifier, transaction data, and said customer identification data; and updating a database with said transaction data and said customer identification data, wherein a merchant is associated with a given brand, wherein the merchant identifier is the same for all stores associated with the given brand, wherein the customer identification data is associated with a customer account, and wherein each customer account identifies a pre-assigned payment method for each merchant identified in the customer account and, in multiple customer accounts the pre-assigned payment methods vary for transactions with merchants associated with different brands.
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43. A method of monitoring customer progress in a merchant award program, comprising the steps of:
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receiving a communication at one of a plurality of point-of-sale devices, said communication comprising customer identification data; transmitting an authorization request from one of said plurality of point-of-sale devices to a transaction processing system, said authorization request comprising a merchant identifier, said transaction data, and said customer identification data; and crediting a customer account in a database with loyalty points indicative of said transaction data, wherein a merchant is associated with a given brand, wherein the merchant identifier is the same for all stores associated with the given brand, wherein the customer identification data is associated with a customer account, and wherein each customer account identifies a pre-assigned payment method for each merchant identified in the customer account and, in multiple customer accounts, the pre-assigned payment methods vary for transactions with merchants associated with different brands. - View Dependent Claims (44)
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Specification