Integrated financial transaction and access system

• US 8,261,974 B2
• Filed: 09/15/2008
• Issued: 09/11/2012
• Est. Priority Date: 09/14/2007
• Status: Active Grant

• Current Assignee: Robert E. Hull
• Original Assignee: Robert E. Hull
• Inventors: Hull, Robert Ernest
• Primary Examiner(s): Le, Thien M.
• Assistant Examiner(s): STANFORD, CHRISTOPHER J
• Application Number:
  US12/210,950
• Publication Number:
  US 20090072020A1
• Time in Patent Office: 1,457 Days
• Field of Search: 235/379, 235/380, 235/382, 235/492, 705/17, 705/18, 705/40, 705/42, 705/44
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A universal digital information management and transaction system facilitates a consumer'"'"'s ability to organize, use and obtain personal data related to a consumer, including for example, the consumer'"'"'s financial, health, and personal records. A consumer is provided with an online profile that stores all of the relevant consumer information, with a token associated with the consumer'"'"'s profile to enable the consumer to securely login remotely to the system to access and manage all of their relevant information.

Claims

1. A method of managing a consumer profile, the method comprising:

in response to input from a consumer, creating a consumer profile, the consumer profile identifying a plurality of financial accounts suitable for making payments and respectively associated with a plurality of financial institutions and a plurality of loyalty accounts associated respectively with a plurality of merchants;

associating a token with the consumer profile;

storing the consumer profile in an integrated financial transaction and access system that is independent of the plurality of financial institutions and the plurality of merchants;

in response to the consumer initiating a transaction with a first merchant among the plurality of merchants by providing the token to the first merchant;

receiving the token from the first merchant at the integrated financial transaction and access system;

accessing the consumer profile associated with the token to obtain the list of financial accounts;

accessing the consumer profile to identify a loyalty account associated with the first merchant;

communicating the list of financial accounts and the loyalty account to the first merchant to enable the consumer to select a financial account from the list of financial accounts and to enable the first merchant to apply the loyalty account to the transaction;

receiving a selected financial account from the first merchant at the integrated financial transaction and access system; and

in the integrated financial transaction and access system, completing the transaction using the selected financial account;

registering the plurality of merchants with the integrated financial transaction and access system;

establishing a two-way connection between each registered merchant and the consumer profile to enable each registered merchant to view consumer purchase history information in the consumer profile and to install promotions to the consumer profile, wherein the consumer purchase history information viewable by each registered merchant identifies purchases made by the consumer at at least one competitor of such registered merchant; and

with the integrated financial transaction and access system;

authenticating the consumer using the token;

generating an HTML page with a frame within which at least one merchant web site of at least one of the plurality of merchants may be displayed;

tracking a browsing history of the consumer while the consumer anonymously browses the at least one merchant web site without being identified to the merchant web site displayed within the HTML page when authenticated to the integrated financial transaction and access system;

storing the browsing history in the consumer profile;

providing the browsing history to the first merchant prior to the consumer initiating the transaction;

providing consumer purchase history information to the first merchant prior to the consumer initiating the transaction, wherein the consumer purchase history includes purchases made by the consumer at at least one competitor of the first merchant;

receiving from the first merchant at least one promotion for the consumer, wherein the promotion is based at least in part on both the consumer'"'"'s purchases at the at least one competitor of the first merchant and the browsing history stored in the consumer profile of the consumer;

storing the promotion in the consumer profile; and

in response to the consumer initiating the transaction, accessing the consumer profile to identify the promotion, communicating the promotion with the list of financial accounts and the loyalty account to the first merchant such that the promotion is automatically applied to the transaction by the first merchant.

2. The method of claim 1, further comprising:

registering each of the plurality of financial institutions with the integrated financial transaction and access system; and

providing electronic access for the plurality of financial institutions to the integrated financial transaction and access system.

3. The method of claim 1, wherein receiving the token and receiving the selected financial account are performed by electronically interacting with a terminal disposed at a retail location.

4. The method of claim 1, wherein receiving the token and receiving the selected financial account are performed by electronically interacting with a merchant web site.

5. The method of claim 1, further comprising storing medical information in the consumer profile in response to consumer input.

6. The method of claim 5, further comprising updating the medical information in the consumer profile in response to input from a medical provider.

7. The method of claim 1, further comprising via a web site associated with the integrated financial transaction and access system, displaying menu information for a merchant to a consumer in response to consumer input.

8. The method of claim 1, further comprising via a web site associated with the integrated financial transaction and access system, transferring funds between financial accounts associated with different financial institutions in response to consumer input.

9. The method of claim 1, further comprising via a web site associated with the integrated financial transaction and access system, viewing merchant receipts in response to consumer input.

10. The method of claim 1, wherein the token comprises an account number, and wherein receiving the token includes receiving the token after a card upon which is encoded the account number is presented to a merchant.

11. The method of claim 10, wherein the account number is processable by a credit card transaction system such that the card is additionally usable as a credit card.

12. The method of claim 1, wherein providing consumer purchase history information to the first merchant prior to the consumer initiating the transaction includes providing each of the plurality of registered merchants with purchases by the consumer made at others of the plurality of registered merchants to enable the plurality of registered merchants to compete with one another when generating promotions for the consumer.

13. An apparatus, comprising:

an integrated financial transaction and access system including at least one hardware processor, wherein the integrated financial transaction and access system is independent of a plurality of financial institutions and a plurality of merchants; and

program code configured to be executed by the at least one hardware processor to perform a method of managing a consumer profile, the program code configured to;

in response to input from a consumer, create a consumer profile, the consumer profile identifying a plurality of financial accounts suitable for making payments and respectively associated with the plurality of financial institutions and a plurality of loyalty accounts associated respectively with the plurality of merchants;

associate a token with the consumer profile;

store the consumer profile in the integrated financial transaction and access system;

in response to the consumer initiating a transaction with a first merchant among the plurality of merchants by providing the token to the first merchant;

receive the token from the first merchant at the integrated financial transaction and access system;

access the consumer profile associated with the token to obtain the list of financial accounts;

access the consumer profile to identify a loyalty account associated with the first merchant;

communicate the list of financial accounts and the loyalty account to the first merchant to enable the consumer to select a financial account from the list of financial accounts and to enable the first merchant to apply the loyalty account to the transaction;

receive a selected financial account from the first merchant at the integrated financial transaction and access system; and

complete the transaction using the selected financial account;

register the plurality of merchants with the integrated financial transaction and access system;

establish a two-way connection between each registered merchant and the consumer profile to enable each registered merchant to view consumer purchase history information in the consumer profile and to install promotions to the consumer profile, wherein the consumer purchase history information viewable by each registered merchant identifies purchases made by the consumer at at least one competitor of such registered merchant;

authenticate the consumer using the token;

generate an HTML page with a frame within which at least one merchant web site of at least one of the plurality of merchants may be displayed;

track a browsing history of the consumer while the consumer anonymously browses the at least one merchant web site without being identified to the merchant web site displayed within the HTML page when authenticated to the integrated financial transaction and access system;

store the browsing history in the consumer profile; and

provide the browsing history to the first merchant prior to the consumer initiating the transaction;

provide consumer purchase history information to the first merchant prior to the consumer initiating the transaction, wherein the consumer purchase history includes purchases made by the consumer at at least one competitor of the first merchant;

receive from the first merchant at least one promotion for the consumer, wherein the promotion is based at least in part on both the consumer'"'"'s purchases at the at least one competitor of the first merchant and the browsing history stored in the consumer profile of the consumer;

store the promotion in the consumer profile; and

in response to the consumer initiating the transaction, access the consumer profile to identify the promotion, and communicate the promotion with the list of financial accounts and the loyalty account to the first merchant such that the promotion is automatically applied to the transaction by the first merchant.