System and method for processing financial transactions

• US 8,538,801 B2
• Filed: 02/27/2002
• Issued: 09/17/2013
• Est. Priority Date: 02/19/1999
• Status: Expired due to Term

• Current Assignee: Exxon Research and Engineering Company (Exxon Mobil Corporation)
• Original Assignee: Exxon Research and Engineering Company (Exxon Mobil Corporation)
• Inventors: Giordano, Joseph, Murray, Jack
• Primary Examiner(s): JOHNSON, GREGORY L
• Application Number:
  US10/083,249
• Publication Number:
  US 20020152123A1
• Time in Patent Office: 4,220 Days
• Field of Search: 705 35- 38, 705/14, 705/34, 455/406, 141/98, 141/94, 141/2
• US Class Current: 705/13
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/321 using wearable devices
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0233 Method of redeeming a frequent usage reward
• CPC Class Codes: G06Q 30/0236 Incentive or reward received by requiring registration or ID from user
• CPC Class Codes: G06Q 30/0238 at point-of-sale [POS]

Abstract

The invention relates generally to retail transactions and, more particularly, to systems and methods for monitoring consumer behavior and for providing a secure electronic payment in exchange for goods and services.

Claims

1. A method for enrolling users in a transaction processing program, comprising:

receiving transmitter identification data and payment information for an unenrolled user at a point-of-sale device, wherein said payment information corresponds to a credit card, debit card, or bank account, or a combination thereof;

electronically associating said transmitter identification data with said payment information;

transmitting said associated transmitter identification data and said payment information to a host transaction processing system;

electronically enrolling the user associated with a customer transponder into the transaction processing program at the time of a transaction request by storing enrollment data comprising said associated transmitter identification data and said payment information in said host transaction processing system; and

providing a second customer transponder associated with the transmitter identification data to the user at the time of the transaction request.

2. The method of claim 1, further comprising transmitting additional customer information to said host transaction processing system, associating said additional customer information with said transmitter identification data and said payment information, and storing said associated additional customer information, transmitter identification data and said payment information.

3. The method of claim 1, wherein the providing the customer transponder and receiving the transmitter data and payment information occurs at a merchant location.

4. The method of claim 1, further comprising:

verifying the payment information.

5. A method for enrolling users in a transaction processing program, comprising:

receiving transmitter identification data and payment information for an unenrolled user at one of a plurality of point-of-sale devices, wherein said payment information corresponds to a credit card, debit card, or bank account, or a combination thereof;

transmitting said transmitter identification data and said payment information to a host transaction processing system;

electronically assigning a unique customer identifier that corresponds to said transmitter identification data;

associating said unique customer identifier, said transmitter identification data and said payment information;

electronically enrolling the user associated with a customer transponder into the transaction processing program at the time of a transaction request by storing enrollment data comprising said associated unique customer identifier, transmitter identification data and payment information in said host transaction processing system; and

providing a second customer transponder associated with the transmitter identification data to the user at the time of the transaction request.

6. The method of claim 5, further comprising transmitting additional customer information to said host transaction processing system, associating said additional customer information with said transmitter identification data and said payment information, and storing said associated additional customer information, transmitter identification data and said payment information.

7. The method of claim 5, wherein the providing the customer transponder and receiving the transmitter data and payment information occurs at a merchant location.

8. The method of claim 5, further comprising:

verifying the payment information.

9. A system, comprising:

a merchant reader that receives transmitter identification data and payment information, electronically associates said transmitter identification data with said payment information, and transmits said associated transmitter identification data and said payment information to a host transaction processing system, wherein said payment information corresponds to a credit card, debit card, or bank account, or a combination thereof; and

a host processing system that receives said transmitted information and enrolls the user associated with a customer transmitter into the transaction processing program at the time of a transaction request by storing enrollment data comprising said associated transmitter identification data and said payment information in said host transaction processing system, wherein the user is provided with a second customer transmitter associated with the transmitter identification data at the time of the transaction request.

10. The system of claim 9, wherein said merchant reader receives additional customer information and transmits the additional customer information to said host transaction processing system, and wherein said host processing system associates said additional customer information with said transmitter identification data and said payment information, and stores said associated additional customer information, transmitter identification data and said payment information.

11. The system of claim 9, wherein said merchant reader is associated with a point-of-sale device.

12. A system, comprising:

a merchant reader that receives transmitter identification data and payment information for an unenrolled user and transmits said transmitter identification data and said payment information to a host transaction processing system, wherein said payment information corresponds to a credit card, debit card, or bank account, or a combination thereof; and

a host transaction processing system that electronically assigns a unique customer identifier that corresponds to said transmitter identification data, associates said unique customer identifier, said transmitter identification data and said payment information, and enrolls the user associated with a customer transmitter into the transaction processing system at the time of a transaction request by storing enrollment data comprising said associated unique customer identifier, transmitter identification data and payment information in said host transaction processing system, wherein the user is provided with a second customer transmitter associated with the transmitter identification data at the time of the transaction request.

13. The system of claim 12, wherein said merchant reader receives additional customer information and transmits the additional customer information to said host transaction processing system, and wherein said host processing system associates said additional customer information with said transmitter identification data and said payment information, and stores said associated additional customer information, transmitter identification data and said payment information.

14. The system of claim 12, wherein said merchant reader is associated with a point-of-sale device.

15. A method for enrolling users in a transaction processing program, comprising:

receiving transmitter identification data and payment information for an unenrolled user at a point-of-sale device, wherein said payment information corresponds to a credit card, debit card, or bank account, or a combination thereof;

automatically associating said transmitter identification data with said payment information;

transmitting said associated transmitter identification data and said payment information to a host transaction processing system;

automatically enrolling the user associated with a customer transponder into the transaction processing program at the time of a transaction request by storing enrollment data comprising said associated transmitter identification data and said payment information in said host transaction processing system; and

providing a second customer transponder associated with the transmitter identification data to the user at the time of the transaction request.

16. The method of claim 15, further comprising transmitting additional customer information to said host transaction processing system, associating said additional customer information with said transmitter identification data and said payment information, and storing said associated additional customer information, transmitter identification data and said payment information.

17. A method for enrolling users in a transaction processing program, comprising:

receiving transmitter identification data and payment information for an unenrolled user at one of a plurality of point-of-sale devices, wherein said payment information corresponds to a credit card, debit card, or bank account, or a combination thereof;

transmitting said transmitter identification data and said payment information to a host transaction processing system;

automatically assigning a unique customer identifier that corresponds to said transmitter identification data;

associating said unique customer identifier, said transmitter identification data and said payment information;

automatically enrolling the user associated with a customer transponder into the transaction processing program at the time of a transaction request by storing enrollment data comprising said associated unique customer identifier, transmitter identification data and payment information in said host transaction processing system; and

providing a second customer transponder associated with the transmitter identification data to the user at the time of the transaction request.

18. The method of claim 17, further comprising transmitting additional customer information to said host transaction processing system, associating said additional customer information with said transmitter identification data and said payment information, and storing said associated additional customer information, transmitter identification data and said payment information.