Proxy card representing many monetary sources from a plurality of vendors
First Claim
1. A point of sale (POS) device for conducting a sales transaction, the POS device comprising:
- a proxy card reader that reads a customer'"'"'s proxy card when it is readably coupled to the proxy card reader to retrieve proxy card account information there from;
a user interface to receive, at a time of a transaction, customer input specifying a plurality of target monetary sources to use in conducting the transaction;
a multiple-monetary-sources module (MMS) to interact with the plurality of target monetary sources specified by the customer at the time of the transaction in a direct mode, and with a multi-source processing system (MSPS) in an indirect mode;
the POS device conducting a sales transaction for the customer based upon the proxy card account information in the indirect mode by;
transmitting a transaction request that includes a transaction total to a multi-source processing system via a communication network; and
receiving a proxy approval from the multi-source processing system, the proxy approval representing a plurality of approvals corresponding to differing monetary sources with a sum value of the transaction total; and
the POS device conducting a sales transaction for the customer based upon the proxy card account information in the direct mode by;
transmitting, from the POS device, a separate sub-transaction request corresponding to a separate part of the sales transaction to each of the plurality of target monetary sources via the communication network; and
receiving, at the POS device, of separate approvals from each of the plurality of target monetary sources via the communication network, each separate approval corresponds to a separate sub-transaction.
1 Assignment
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Accused Products
Abstract
A proxy card used at an ATM or at any vendor store that has a legacy point of sale unit or at a store with the smart point of sale. In general, it can be used with any vendor and otherwise as any credit or debit card might be used. The point-of sale unit interacts with a multi-source processing system (MSPS) that, instead of servicing a single money source, interacts with more than one of a plurality of monetary sources that may be associated with the proxy card. The money transferred from credit or debit accounts of the user may be either transferred directly or indirectly via a proxy central account associated with the MSPS that a user maintains.
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Citations
13 Claims
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1. A point of sale (POS) device for conducting a sales transaction, the POS device comprising:
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a proxy card reader that reads a customer'"'"'s proxy card when it is readably coupled to the proxy card reader to retrieve proxy card account information there from; a user interface to receive, at a time of a transaction, customer input specifying a plurality of target monetary sources to use in conducting the transaction; a multiple-monetary-sources module (MMS) to interact with the plurality of target monetary sources specified by the customer at the time of the transaction in a direct mode, and with a multi-source processing system (MSPS) in an indirect mode; the POS device conducting a sales transaction for the customer based upon the proxy card account information in the indirect mode by; transmitting a transaction request that includes a transaction total to a multi-source processing system via a communication network; and receiving a proxy approval from the multi-source processing system, the proxy approval representing a plurality of approvals corresponding to differing monetary sources with a sum value of the transaction total; and the POS device conducting a sales transaction for the customer based upon the proxy card account information in the direct mode by; transmitting, from the POS device, a separate sub-transaction request corresponding to a separate part of the sales transaction to each of the plurality of target monetary sources via the communication network; and receiving, at the POS device, of separate approvals from each of the plurality of target monetary sources via the communication network, each separate approval corresponds to a separate sub-transaction. - View Dependent Claims (2, 3, 4, 5)
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6. A point of sale (POS) terminal comprising:
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a proxy card reader to retrieve proxy card account information from a customer proxy card; a user interface to receive, at a time of a transaction, customer input specifying a plurality of target monetary sources to use in conducting the transaction; a multiple-monetary-sources module (MMS) to interact, in a direct mode, with the plurality of target monetary sources specified by the customer at the time of the transaction; the point of sale terminal conducting a sales transaction for the customer based upon the proxy card account information in the direct mode by; transmitting, from the point of sale terminal, a separate sub-transaction request corresponding to a separate part of the sales transaction to each of the plurality of target monetary sources via the communication network; and receiving, at the point of sale terminal, of separate approvals from each of the plurality of target monetary sources via the communication network, each separate approval corresponds to a separate sub-transaction. - View Dependent Claims (7, 8, 9, 10, 11, 12, 13)
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Specification