Payment system and methods

• US 8,701,986 B2
• Filed: 05/31/2013
• Issued: 04/22/2014
• Est. Priority Date: 10/11/2005
• Status: Active Grant

• Current Assignee: National Payment Card Association
• Original Assignee: National Payment Card Association
• Inventors: Randazza, Joseph R., Portal, Danilo
• Primary Examiner(s): Labaze, Edwyn
• Application Number:
  US13/907,310
• Publication Number:
  US 20130268381A1
• Time in Patent Office: 326 Days
• Field of Search: 235/379, 235/380, 235/375, 235/487, 235/472.01, 705/17, 705/34, 705/39
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/023 the neutral party being a clearing house
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/4014 Identity check for transactions
• CPC Class Codes: G06Q 30/0617 Representative agent

Abstract

Disclosed are payment system and methods.

Claims

1. An automated system comprising at least one computer, wherein the system performs the following steps, wherein each step is performed by a computer:

receiving at least one signal from a card;

sending the signal received from the card into a routing system;

after the sending step, receiving a signal, and depending on the signal received, conditionally effecting a transaction with a holder of the card.

2. The automated system of claim 1, wherein the system further performs, by a computer, the following steps:

conditionally sending a message to cause an institution to send an ACH entry to the Federal Reserve ACH system, to pass the entry to a bank, where an account is issued a debit, to cause a transfer of funds to an owner of a retail site where the signal was received from the card.

3. The automated system of claim 2, further comprising a point of sale terminal via which the signal from the card is received.

4. The automated system of claim 1, further comprising an in-retailer server.

5. The automated system of claim 1, further comprising telecommunications hardware.

6. The automated system of claim 1, further comprising a translator device.

7. An automated system comprising:

a point of sale terminal;

a computer that performs steps of receiving at least one signal from a card;

sending the signal received from the card into a routing system; and

, after the sending step, receiving a signal, and depending on the signal received, conditionally effecting a transaction with a holder of the card.

8. The automated system of claim 7, further comprising an in-retailer server.

9. The automated system of claim 7, further comprising telecommunications hardware.

10. The automated system of claim 7, further comprising a translator device.

11. An automated system comprising:

a point of sale terminal via which a signal from a card is received;

a computer that performs a step of conditionally sending a message to cause an institution to send an ACH entry to the Federal Reserve ACH system, to pass the entry to a bank, where an account is issued a debit, to cause a transfer of funds to an owner of a retail site where the signal was received from the card.

12. The automated system of claim 11, further comprising an in-retailer server.

13. The automated system of claim 11, further comprising telecommunications hardware.

14. The automated system of claim 11, further comprising a translator device.