Systems, methods, and devices for combined credit card and stored value transaction accounts
First Claim
1. A method comprising:
- determining, by a computer based system for facilitating use of a transaction account and based on selection criteria, at least one of a first transaction account and a second transaction account to access for processing a transaction in response to receiving a transaction account identifier, resulting in a selected transaction account,wherein said selection criteria comprises said first transaction account being selected in response to said transaction being initiated with at least one of a first group of merchants and a first type of products, and said second transaction account being selected in response to said transaction being initiated with at least one of a second group of merchants and a second type of products, andwherein said selection criteria further comprises, said first transaction account being selected in response to a transaction amount being within a first range of amounts, and said second transaction account being selected in response to said transaction amount being within a second range of amounts, and wherein said first range of amounts and said second range of amounts are non-overlapping;
receiving, by said computer based system and in response to said communicating, at least one of a first biometric indicator and a second biometric indicator, wherein said first biometric indicator is associated with said first transaction account and said second biometric indicator is associated with said second transaction account;
accessing, by said computer based system, said selected transaction account based on said selection criteria and at least one of said first biometric indicator and said second biometric indicator;
initiating, by said computer based system, a transaction in response to the accessing;
receiving, by said computer based system, an authorization from at least one of a first authorizer and a second authorizer, wherein said first authorizer is associated with said first transaction account and said second authorizer is associated with said second transaction account; and
authorizing, by said computer based system, said transaction amount to said account identifier; and
processing, by said computer based system, said transaction via said selected transaction account.
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Abstract
The present invention generally relates to a single transaction account identifier that can be used for in transactions with one of multiple transaction accounts. The method includes one or more of the following steps: establishing at least two transaction accounts, wherein the transaction accounts are respectively associated with transaction account identifiers; receiving, at a transaction processing system, a common account identifier; recognizing the common account identifier as being associated with more than one account; and determining, which of the at least two transaction accounts to access for processing the transaction. The determining step may be based on selection criteria and the selection criteria may be modified by a user. One of the first and second transaction account identifiers may be forwarded to the respective first and second transaction accounts based on the determining step; and the transaction may be processed via the selected transaction account.
121 Citations
17 Claims
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1. A method comprising:
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determining, by a computer based system for facilitating use of a transaction account and based on selection criteria, at least one of a first transaction account and a second transaction account to access for processing a transaction in response to receiving a transaction account identifier, resulting in a selected transaction account, wherein said selection criteria comprises said first transaction account being selected in response to said transaction being initiated with at least one of a first group of merchants and a first type of products, and said second transaction account being selected in response to said transaction being initiated with at least one of a second group of merchants and a second type of products, and wherein said selection criteria further comprises, said first transaction account being selected in response to a transaction amount being within a first range of amounts, and said second transaction account being selected in response to said transaction amount being within a second range of amounts, and wherein said first range of amounts and said second range of amounts are non-overlapping; receiving, by said computer based system and in response to said communicating, at least one of a first biometric indicator and a second biometric indicator, wherein said first biometric indicator is associated with said first transaction account and said second biometric indicator is associated with said second transaction account; accessing, by said computer based system, said selected transaction account based on said selection criteria and at least one of said first biometric indicator and said second biometric indicator; initiating, by said computer based system, a transaction in response to the accessing; receiving, by said computer based system, an authorization from at least one of a first authorizer and a second authorizer, wherein said first authorizer is associated with said first transaction account and said second authorizer is associated with said second transaction account; and authorizing, by said computer based system, said transaction amount to said account identifier; and processing, by said computer based system, said transaction via said selected transaction account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A computer based system for facilitating use of a transaction account comprising:
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a non-transitory memory; a network interface communicating with said non-transitory memory; a processor for facilitating use of a transaction account in electronic communication with said memory; said processor, when executing a computer program, performs operations comprising; determining, by said processor and based on selection criteria, at least one of a first transaction account and a second transaction account to access for processing a transaction in response to receiving a transaction account identifier, resulting in a selected transaction account, wherein said selection criteria comprises said first transaction account being selected in response to said transaction being initiated with at least one of a first group of merchants and a first type of products, and said second transaction account being selected in response to said transaction being initiated with at least one of a second group of merchants and a second type of products, and wherein said selection criteria further comprises, said first transaction account being selected in response to a transaction amount being within a first range of amounts, and said second transaction account being selected in response to said transaction amount being within a second range of amounts, and wherein said first range of amounts and said second range of amounts are non-overlapping; receiving, by said processor and in response to said communicating, at least one of a first biometric indicator and a second biometric indicator, wherein said first biometric indicator is associated with said first transaction account and said second biometric indicator is associated with said second transaction account; accessing, by said processor, said selected transaction account based on said selection criteria and at least one of said first biometric indicator and said second biometric indicator; initiating, by said processor, a transaction in response to the accessing; receiving, by said processor, an authorization from at least one of a first authorizer and a second authorizer, wherein said first authorizer is associated with said first transaction account and said second authorizer is associated with said second transaction account; and authorizing, by said processor, said transaction amount to said account identifier; and processing, by said processor, said transaction via said selected transaction account.
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17. A tangible non-transitory computer-readable storage medium having computer-executable instructions stored thereon that, when executed by a computer based system for facilitating use of a transaction account, causes said computer based system to perform operations comprising:
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determining, by the computer based system and based on selection criteria, at least one of a first transaction account and a second transaction account to access for processing a transaction in response to receiving a transaction account identifier, resulting in a selected transaction account, wherein said selection criteria comprises said first transaction account being selected in response to said transaction being initiated with at least one of a first group of merchants and a first type of products, and said second transaction account being selected in response to said transaction being initiated with at least one of a second group of merchants and a second type of products, and wherein said selection criteria further comprises, said first transaction account being selected in response to a transaction amount being within a first range of amounts, and said second transaction account being selected in response to said transaction amount being within a second range of amounts, and wherein said first range of amounts and said second range of amounts are non-overlapping; receiving, by said computer based system and in response to said communicating, at least one of a first biometric indicator and a second biometric indicator, wherein said first biometric indicator is associated with said first transaction account and said second biometric indicator is associated with said second transaction account; accessing, by said computer based system, said selected transaction account based on said selection criteria and at least one of said first biometric indicator and said second biometric indicator; initiating, by said computer based system, a transaction in response to the accessing; receiving, by said computer based system, an authorization from at least one of a first authorizer and a second authorizer, wherein said first authorizer is associated with said first transaction account and said second authorizer is associated with said second transaction account; and authorizing, by said computer based system, said transaction amount to said account identifier; and processing, by said computer based system, said transaction via said selected transaction account.
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Specification