System and methods for servicing electronic transactions

• US 8,595,132 B2
• Filed: 10/31/2007
• Issued: 11/26/2013
• Est. Priority Date: 08/11/1999
• Status: Expired due to Term

• Current Assignee: Mastercard Mobile Transactions Solutions, Inc. (MasterCard Incorporated)
• Original Assignee: C-SAM Incorporated (MasterCard Incorporated)
• Inventors: Pitroda, Satyan G.
• Primary Examiner(s): Nguyen, Nga B.
• Application Number:
  US11/931,872
• Publication Number:
  US 20080114659A1
• Time in Patent Office: 2,218 Days
• Field of Search: 705/16, 705/17, 705/26, 705/27, 705/39, 705/40, 705/41, 455/556, 455/558, 235/380
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/0855 involving a third party
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/202 Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
• CPC Class Codes: G06Q 20/383 Anonymous user system
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 30/0226 Incentive systems for frequent usage, e.g. frequent flyer miles programs or point systems
• CPC Class Codes: G06Q 30/0234 Rebates after completed purchase
• CPC Class Codes: G06Q 30/0241 Advertisements
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

Abstract

A method for using an electronic transaction device with an electronic transaction service provider may include the steps of registering the electronic transaction device with the electronic transaction device service provider, registering a plurality of accounts corresponding to a plurality of service institutions, providing a data connection between the electronic transaction device and the electronic transaction device service provider, and storing account information for a plurality of service institutions at the electronic transaction device service provider. The method may also include the steps of providing access to a database of client information to the client and analyzing transactional information in the database of client information for a plurality of accounts. The method may also include the steps of designating a portion of the client database non-confidential; analyzing the portion of the client database designated as non-confidential for preferences and patterns; and providing analyzed transactional information to a plurality of vendors.

Claims

1. A system for conducting and reconciling electronic transactions, comprising:

a plurality of electronic transaction devices, each electronic transaction device having access to a network;

an electronic transaction device service provider coupled to the network and configured to receive via the network from the plurality of electronic transaction devices a plurality of transaction records received from point of sale terminals;

a plurality of service institutions coupled to the electronic transaction device service provider;

a plurality of point of sale terminals coupled to the plurality of service institutions, wherein each point of sale terminal provides access to the plurality of electronic transaction devices.

2. The system of claim 1, wherein the plurality of electronic transaction devices includes a plurality of universal electronic transaction cards.

3. The system of claim 1, wherein the plurality of electronic transaction devices includes a plurality of hand held computers programmed to conduct electronic transactions.

4. The system of claim 1, wherein the point of sale terminals provide access to the plurality of electronic transaction devices by infra-red communication.

5. The system of claim 1, wherein the point of sale terminals provide access to the plurality of electronic transaction devices by radio frequency wireless communication.

6. The system of claim 1, wherein the point of sale terminals provide access to the plurality of electronic transaction devices by metallic contact communication.

7. The system of claim 1, wherein the point of sale terminals provide access to the plurality of electronic transaction devices by bar code communication.

8. A method for conducting and reconciling an electronic transaction with an electronic transaction device, an electronic transaction device service provider, a service institution, and a point of sale terminal, comprising:

conducting an electronic transaction at the point of sale terminal with the electronic transaction device;

storing a transaction record corresponding to the electronic transaction on the electronic transaction device;

transmitting the transaction record from the point of sale terminal to the service institution;

transmitting the transaction record stored on the electronic transaction device to the electronic transaction device service provider;

coupling the electronic transaction device service provider with the service institution;

comparing the transaction record transmitted to the electronic transaction device service provider with the transactional information transmitted to the service institution.

9. The method of claim 8, wherein the step of conducting an electronic transaction further comprises conducting a plurality of electronic transactions.

10. The method of claim 8, wherein the step of transmitting transactional information from the point of sale terminal to the service institution further comprises transmitting transactional information from a plurality of point of sale terminals to a plurality of service institutions.

11. The method of claim 8, wherein the step of coupling the electronic transaction device service provider with the service institution further comprises coupling the electronic transaction device service provider with a plurality of service institutions.

12. The method of claim 8, wherein the step of comparing the transaction record transmitted to the electronic transaction device service provider with the transactional information transmitted to the service institution further comprises comparing the transaction record transmitted to the electronic transaction device service provider with the transactional information transmitted to a plurality of service institutions.