Financial transaction approval system and method
First Claim
Patent Images
1. A method of processing a retail sales transaction, the method comprising:
- receiving a plurality of items for purchase near a transaction approval system within a retail store operated by a retail merchant, wherein each item of the plurality of items for purchase was selected by a consumer from a larger plurality of items offered for sale at the retail store;
processing the plurality of items for purchase using the transaction approval system including determining associated price information for each item included in the plurality of items for purchase, wherein processing the plurality of items for purchase begins when a product code of a first one of the plurality of items for purchase is entered into a point-of-sale terminal and ends when a product code of a final one of the plurality of items for purchase is entered into the point-of-sale terminal;
during processing of the plurality of items for purchase, determining, using the transaction approval system, an identification of a financial account that will be used by the consumer to pay for the plurality of items for purchase;
during processing of the plurality of items for purchase, providing the consumer with an option to provide a digitally captured signature via the transaction approval system, wherein the digitally captured signature serves as consumer approval to apply payment from the financial account toward a total cost of the plurality of items for purchase; and
determining the total cost of the plurality of items for purchase after processing of the plurality of items for purchase, determining the identification of the financial account, and providing the consumer with the option to provide the digitally captured signature.
0 Assignments
0 Petitions
Accused Products
Abstract
A method of sale including processing a plurality of purchases to be sold to a consumer, identifying a consumer financial account held by a financial institution, receiving authorization from the financial institution to enable payment for the plurality of purchases from the consumer financial account, and providing the consumer with an option to approve the payment from the consumer financial account. The option is provided during processing of the plurality of purchases. Transaction approval systems provide additional advantages.
-
Citations
20 Claims
-
1. A method of processing a retail sales transaction, the method comprising:
-
receiving a plurality of items for purchase near a transaction approval system within a retail store operated by a retail merchant, wherein each item of the plurality of items for purchase was selected by a consumer from a larger plurality of items offered for sale at the retail store; processing the plurality of items for purchase using the transaction approval system including determining associated price information for each item included in the plurality of items for purchase, wherein processing the plurality of items for purchase begins when a product code of a first one of the plurality of items for purchase is entered into a point-of-sale terminal and ends when a product code of a final one of the plurality of items for purchase is entered into the point-of-sale terminal; during processing of the plurality of items for purchase, determining, using the transaction approval system, an identification of a financial account that will be used by the consumer to pay for the plurality of items for purchase; during processing of the plurality of items for purchase, providing the consumer with an option to provide a digitally captured signature via the transaction approval system, wherein the digitally captured signature serves as consumer approval to apply payment from the financial account toward a total cost of the plurality of items for purchase; and determining the total cost of the plurality of items for purchase after processing of the plurality of items for purchase, determining the identification of the financial account, and providing the consumer with the option to provide the digitally captured signature. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
-
-
12. A method of performing a retail sales transaction, the method comprising steps performed in the following order:
-
receiving goods for purchase from a consumer at a point-of-sale terminal in a retail store; identifying and determining a current price for a first one of the goods for purchase using the point-of-sale terminal to begin processing the goods for retail sale to the consumer, wherein processing the goods includes identifying and determining a current price for each one of the goods using the point-of-sale terminal; receiving a financial transaction card from the consumer via a financial transaction terminal in electrical communication with the point-of-sale terminal, wherein the financial transaction card includes identification of a financial account configured to facilitate consumer payment toward the goods; electronically capturing a confirmation of the retail sales transaction from the consumer via the financial transaction terminal, the electronically captured confirmation signifying agreement of the consumer to pay for all charges associated with the retail sales transaction via the financial account, wherein the electronically captured confirmation is received via the financial transaction terminal and is the only confirmation required from the consumer to complete the retail sales transaction; identifying and determining a current price for a last one of the goods for purchase using the point-of-sale terminal to complete processing the goods for retail sale to the consumer; determining a total price for all of the goods received from the consumer at the point-of-sale terminal; and charging at least a portion of the total price for all the goods to the financial account. - View Dependent Claims (13, 14, 15, 16, 17, 18)
-
-
19. A method of processing a retail sales transaction, the method comprising:
-
receiving a plurality of items for purchase near a transaction approval system within a retail store operated by a retail merchant, wherein each item of the plurality of items for purchase was selected by a consumer from a larger plurality of items offered for sale at the retail store, and the transaction approval system includes a point-of-sale terminal electrically coupled with a financial transaction terminal; processing the plurality of items for purchase using the point-of-sale terminal including identifying and determining associated price information for each item included in the plurality of items for purchase, wherein processing the plurality of items for purchase begins by identifying and determining price information for a first one of the plurality of items for purchase and is completed when a total cost of the plurality of items for purchase is determined; after beginning and before completing processing of the plurality of items for purchase, receiving a financial transaction card including determining an identification of a financial account that will be used by the consumer to pay for the plurality of items for purchase, wherein the identification is electronically read from the financial transaction card via the financial transaction terminal substantially free from assistance an employee of the retail store; after beginning and before completing processing of the plurality of items for purchase, providing the consumer with an option to provide a digitally captured signature via the financial transaction terminal, wherein the digitally captured signature serves as consumer approval to apply payment from the financial account toward a total price of the plurality of items for purchase; after providing the consumer with the option and before completing processing of the plurality of items for retail sale, receiving the digitally captured signature from the consumer via the financial transaction terminal, wherein the digitally captured signature is the only signature required from the consumer to complete the retail sales transaction; after completing processing of the plurality of items for purchase, receiving the financial transaction card, and receiving the digitally captured signature, determining the total price of the plurality of items for purchase; charging at least a portion of the total price of the plurality of items for purchase to the financial account. - View Dependent Claims (20)
-
Specification