System and method for processing transactions using a multi-account transactions device

• US 8,622,308 B1
• Filed: 01/07/2009
• Issued: 01/07/2014
• Est. Priority Date: 12/31/2007
• Status: Active Grant

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Field, Manning R., Reinhard, Walter Brent, Keld, Marcia
• Primary Examiner(s): Lee, Michael G
• Assistant Examiner(s): CHEDEKEL, TABITHA F
• Application Number:
  US12/350,015
• Time in Patent Office: 1,826 Days
• Field of Search: 235/492, 235/487, 235/493, 235/379, 235/380, 705/35, 705/39
• US Class Current: 235/492
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 20/357 Cards having a plurality of specified features
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates

Abstract

Various account transaction devices are disclosed. One account transaction device comprises a top portion having a front side and a back side, wherein the front side includes a first account and the back side includes at least one identifier associated with a second account. The device also comprises a bottom portion having a front side and a back side, wherein the front side includes the second account and the back side includes at least one identifier associated with the first account. Also, a hinge connecting the top portion to the bottom portion, wherein the top and second portions are relatively movable between a first closed position where the top portion displays the first account and the bottom portion displays the at least one identifier associated with the first account and a second closed position where the top portion displays the at least one identifier associated with the second account and the bottom portion displays the second account. The customer may selectively determine whether a transaction is to be posted to the first account or the second account at the point of sale, after the transaction, or based upon predetermined rules or selections. Other account transaction devices are disclosed.

Claims

1. An account transaction device, comprising:

a top portion having a front side and a back side, wherein the front side includes a first account and the back side includes at least one identifier associated with a second account;

a bottom portion having a front side and a back side, wherein the front side includes the second account and the back side includes at least one identifier associated with the first account; and

a hinge connecting the top portion to the bottom portion, wherein the top and bottom portions are relatively movable between a first closed position where the top portion displays the first account and the bottom portion displays the at least one identifier associated with the first account and a second closed position where the top portion displays the at least one identifier associated with the second account and the bottom portion displays the second account;

wherein, before or during a transaction, an initial account selection to which the transaction is to be posted is capable of being selectively determined by a customer, and

the initial account selection is capable of being subsequently changed by the customer.

2. The account transaction device of claim 1 wherein the at least one identifier associated with the first account comprises at least one magnetic strip or a RFID chip.

3. The account transaction device of claim 1 wherein the at least one identifier associated with the second account comprises at least one magnetic strip or a RFID chip.

4. The account transaction device of claim 1 wherein the first account number is embossed or otherwise marked on the top portion and the second account number is embossed or otherwise marked on the bottom portion.

5. The account transaction device of claim 1 further comprising a securing means for securing the multi-account transaction device in the first or second closed position.

6. A account transaction device, comprising:

a top portion having a front side and a back side, wherein the front side includes account information and the back side includes a first identifier associated with a first account number and a second identifier associated with a second account number, and wherein the top portion further comprises a window;

a bottom portion having a front side and a back side, wherein the front side includes the first account number and the second account number and the back side includes additional account information; and

a pivoting means connecting the top portion to the bottom portion, wherein the top and second portions are relatively movable between a first position where the first account number is displayed through the window of the top portion and the back side of the top portion displays the first identifier and a second position where the second account number is displayed through the window of the top portion and the back side of the top portion displays the second account number and the back side of the top portion displays the second identifier;

wherein, before or during a transaction, an initial account selection to which the transaction is to be posted is capable of being selectively determined by a customer, and

the initial account selection is capable of being subsequently changed by the customer.

7. The account transaction device of claim 6 wherein the first identifier of the first account comprises at least one magnetic strip or a RFID chip.

8. The account transaction device of claim 6 wherein the second identifier of the second account comprises at least one magnetic strip or a RFID chip.

9. The account transaction device of claim 6 wherein the first account number is embossed or otherwise marked on the top portion and the second account number is embossed or otherwise marked on the bottom portion.

10. A account transaction device, comprising:

a top portion having a front side and a back side, wherein the front side includes account information and the back side includes a first identifier associated with a first account number and a second identifier associated with a second account number;

a bottom portion having a front side and a back side, wherein the front side includes the first account number and the second account number and the back side includes additional account information; and

a sliding means connecting the top portion to the bottom portion, wherein the top and second portions are relatively movable between a first position where the first account number is displayed by the front side of the bottom portion and the back side of the top portion displays the first identifier and a second position where the second account number is displayed by the front side of the back portion and the back side of the top portion displays the second account number and the back side of the top portion displays the second identifier;

wherein, before or during a transaction, an initial account selection to which the transaction is to be posted is capable of being selectively determined by a customer, and

the initial account selection is capable of being subsequently changed by the customer.

11. The account transaction device of claim 10 wherein the first identifier of the first account comprises at least one magnetic strip or a RFID chip.

12. The account transaction device of claim 10 wherein the second identifier of the second account comprises at least one magnetic strip or a RFID chip.

13. The account transaction device of claim 10 wherein the first account number is embossed or otherwise marked on the top portion and the second account number is embossed or otherwise marked on the bottom portion.

14. A transaction device, comprising:

a display screen for displaying account information for each of a plurality of accounts;

an alpha-numeric or numeric identifier located on a face of the transaction device, separate and apart from the display screen, that is associated with at least one account associated with the transaction device;

an interaction element for enabling the user to cycle through the plurality of accounts, each of the plurality of accounts being either an account, sub-account, or bucket associated with the alpha-numeric or numeric identifier and associated with the user and each of the plurality of accounts having a description of a designation or category associated therewith on the display;

the interaction element further enabling the user to selectively determine at least one account from the plurality of accounts to use in a transaction, wherein the selective determination occurs either before or during a transaction and the transaction is initially posted against the at least one account;

wherein further, following the transaction, at least a portion of an amount associated with the transaction and posted to the at least one account is capable of being subsequently altered by the user to be posted to at least one other account through post-transaction decisioning;

wherein the post-transaction decisioning is received from a single computer interface over a computer network.

15. The transaction device of claim 14 wherein the input/output device enables communication with a terminal or a device.

16. The transaction device of claim 15 wherein the terminal or device comprises a device sleeve.

17. The transaction device of claim 14 wherein the input/output device comprises a RFID device.

18. The transaction device of claim 14 wherein the storage device maintains particulars on the plurality of accounts.

19. The transaction device of claim 14 wherein particulars of the plurality of the accounts are added or deleted via the input/output element.

20. The transaction device of claim 14 wherein the account information displayed comprises a category assigned to the account by the user.