Processing transactions using a register portion to track transactions
First Claim
1. A system that keeps check of financial transactions by maintaining a count of the financial transactions using a register portion, in conjunction with performing authentication for at least one transaction, the system comprising:
- a payment device including a data-bearing record, the data-bearing record storing a transaction count value and a device differentiator number associated with the payment device, wherein the payment device is a RFID device;
a receiver that receives the transaction count value and the device differentiator number;
a transaction server comprising;
a computer memory that stores stored data; and
a computer readable medium including program code effective to perform the following;
in a device identification portion, identifying the payment device based on the device differentiator number and an account number associated with the payment device;
in a register portion, maintaining a count of financial transactions so as to provide a current transaction count value associated with the device differentiator number for the account number, the register portion maintaining current transaction count values for respective device differentiator numbers, which device differentiator numbers are associated with the account number; and
in an authentication portion, performing authentication processing based on a comparison process that utilizes the current transaction count value and the transaction count value, the authentication portion generating an authentication result, the authentication portion outputting the authentication result.
1 Assignment
0 Petitions
Accused Products
Abstract
Systems and methods are provided that keep check of financial transactions by maintaining a count of the financial transactions using a register portion, in conjunction with performing authentication further to inputting transaction data from a data-bearing record that is stored in a device. The system may include a communication portion that inputs transaction data received from the data bearing record, the transaction data including an input transaction count value and an input device differentiator number; and a processing portion that processes the transaction data. The processing portion may include (1) a memory portion that stores stored data; (2) a device identification portion that identifies the device based on the device differentiator number and an account number, the account number being derived from the transaction data; (3) a register portion that maintains a count of financial transactions so as to provide a current transaction count value associated with the input device differentiator number for the account number, the register portion maintaining current transaction count values for respective device differentiator numbers, which device differentiator numbers are associated with the account number; and (4) an authentication portion that performs authentication processing based on a comparison process that utilizes the current transaction count value and the input transaction count value, the authentication portion generating an authentication result, the authentication portion outputting the authentication result.
324 Citations
27 Claims
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1. A system that keeps check of financial transactions by maintaining a count of the financial transactions using a register portion, in conjunction with performing authentication for at least one transaction, the system comprising:
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a payment device including a data-bearing record, the data-bearing record storing a transaction count value and a device differentiator number associated with the payment device, wherein the payment device is a RFID device; a receiver that receives the transaction count value and the device differentiator number; a transaction server comprising; a computer memory that stores stored data; and a computer readable medium including program code effective to perform the following; in a device identification portion, identifying the payment device based on the device differentiator number and an account number associated with the payment device; in a register portion, maintaining a count of financial transactions so as to provide a current transaction count value associated with the device differentiator number for the account number, the register portion maintaining current transaction count values for respective device differentiator numbers, which device differentiator numbers are associated with the account number; and in an authentication portion, performing authentication processing based on a comparison process that utilizes the current transaction count value and the transaction count value, the authentication portion generating an authentication result, the authentication portion outputting the authentication result. - View Dependent Claims (2, 3, 4, 17, 18, 19, 20, 21, 22, 23, 24, 27)
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5. A system that keeps check of financial transactions by maintaining a count of the financial transactions using a register portion, in conjunction with performing authentication for at least one transaction, the system comprising:
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a payment device including a data-bearing record, the data-bearing record storing a transaction count value and a device differentiator number associated with the payment device; a receiver that receives the transaction count value and the device differentiator number; a transaction server comprising; a computer memory that stores stored data; and a computer readable medium including program code effective to perform the following; in a device identification portion, identifying the payment device based on the device differentiator number and an account number associated with the payment device; in a register portion, maintaining a count of financial transactions so as to provide a current transaction count value associated with the device differentiator number for the account number, the register portion maintaining current transaction count values for respective device differentiator numbers, which device differentiator numbers are associated with the account number; and in an authentication portion, performing authentication processing based on a comparison process that utilizes the current transaction count value and the transaction count value, the authentication portion generating an authentication result, the authentication portion outputting the authentication result; wherein the stored data, in the processing portion, includes a first device differentiator number and a second device differentiator number that are both respectively associated with respective transaction effecting components in the payment device, the payment device being a single physical device.
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6. A system that keeps check of financial transactions by maintaining a count of the financial transactions using a register portion, in conjunction with performing authentication for at least one transaction, the system comprising:
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a payment device including a data-bearing record, the data-bearing record storing a transaction count value and a device differentiator number associated with the payment device; a receiver that receives the transaction count value and the device differentiator number; a transaction server comprising; a computer memory that stores stored data; and a computer readable medium including program code effective to perform the following; in a device identification portion, identifying the payment device based on the device differentiator number and an account number associated with the payment device; in a register portion, maintaining a count of financial transactions so as to provide a current transaction count value associated with the device differentiator number for the account number, the register portion maintaining current transaction count values for respective device differentiator numbers, which device differentiator numbers are associated with the account number; and in an authentication portion, performing authentication processing based on a comparison process that utilizes the current transaction count value and the transaction count value, the authentication portion generating an authentication result, the authentication portion outputting the authentication result; wherein the stored data includes a first device differentiator number and a second device differentiator number that are both associated with the account number. - View Dependent Claims (7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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25. A method to keep check of financial transactions by maintaining a count of the financial transactions using a register portion, in conjunction with performing authentication for at least one transaction, the method comprising:
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providing a payment device including a data-bearing record, the data-bearing record storing a transaction count value and a device differentiator number associated with the device, wherein the payment device is a RFID device; a receiver receiving the transaction count value and the device differentiator number from the payment device; at least one computer processor identifying the payment device based on the device differentiator number and an account number associated with the device; the at least one computer processor maintaining a count, by a register portion, of financial transactions so as to provide a current transaction count value associated with the device differentiator number for the account number, the register portion maintaining current transaction count values for respective device differentiator numbers, which device differentiator numbers are associated with the account number; the at least one computer processor performing authentication processing based on a comparison process that utilizes the current transaction count value and the transaction count value; and the at least one computer processor generating and outputting an authentication result, based on the authentication processing.
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26. A system that keeps check of financial transactions by maintaining a count of the financial transactions using a register portion, in conjunction with performing authentication for at least one transaction, the system comprising:
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a payment device including a data-bearing record, the data-bearing record storing a transaction count value and a device differentiator number associated with the payment device, wherein the payment device is a RFID device; a receiver that receives the transaction count value and the device differentiator number; a transaction server comprising; a computer memory that stores stored data; and a computer readable medium including program code effective to perform the following; in a device identification portion, identifying the device based on the device differentiator number and an account number associated with the payment device; in a register portion, maintaining a count of financial transactions so as to provide a current transaction count value associated with the device differentiator number for the account number, the register portion maintaining current transaction count values for respective device differentiator numbers, which device differentiator numbers are associated with the account number; and in an authentication portion, performing authentication processing based on a comparison process that utilizes the current transaction count value and the transaction count value, the authentication portion generating an authentication result, the authentication portion outputting the authentication result; wherein the account number and the device differentiator number are used by the processing portion to track and document activity associated with the account number and the device differentiator number, the processing portion also separately tracking and documenting activity of other device differentiator numbers associated with the same account number; wherein the processing portion, based on the device differentiator number and the account number, retrieves and applies a rule set to the transactions, and the rule set having different rules for different device differentiator numbers associated with the account number; and wherein the rules are directed to limiting a dollar amount of transactions; and wherein the rules are directed to limiting the type of merchant at which the transaction is performed for the payment device, the processing portion determining the type of merchant based on at least a merchant category code.
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Specification