Non-financial transactions in a financial transaction network

• US 8,762,239 B2
• Filed: 01/12/2009
• Issued: 06/24/2014
• Est. Priority Date: 01/12/2009
• Status: Active Grant

• Current Assignee: Visa USA, Inc. (Visa, Inc.)
• Original Assignee: Visa USA, Inc. (Visa, Inc.)
• Inventors: Maw, Brian Jeffrey
• Primary Examiner(s): Shaawat, Mussa A
• Application Number:
  US12/352,440
• Publication Number:
  US 20100179891A1
• Time in Patent Office: 1,989 Days
• Field of Search: None
• US Class Current: 705/35
• 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 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

A financial transaction system includes a computer readable storage medium and a processor in communication with the computer readable storage medium. The processor is configured for receiving a plurality of messages. The plurality of messages including financial transaction authorization messages for performing a financial transaction. At least one of the plurality of messages includes non-financial data. The processor is further configured for parsing each of the plurality of messages to identify data for performing the financial transaction and the non-financial transaction data contained in the plurality of messages, and for storing the data for performing the financial transaction and the non-financial transaction data in a computer readable storage medium such that the non-financial transaction data is associated with data for performing the financial transaction.

Claims

1. A financial transaction system, comprising:

a computer readable storage medium; and

a processor in communication with the computer readable storage medium, the processor configured to;

receive, from a reader device, a plurality of messages after the reader device has read non-financial transaction data relating to a financial transaction from a payment device storing the non-financial transaction data, the plurality of messages including;

a financial transaction authorization request message for performing the financial transaction; and

non-financial data including the non-financial transaction data relating to the financial transaction, the non-financial transaction data being transmitted from the reader device after the reader device has received a financial transaction authorization response message for completing the financial transaction, wherein the non-financial transaction data is erased from the reader device after transmission of the non-financial transaction data

parse each of the plurality of messages to identify data for performing the financial transaction and the non-financial transaction data contained in the plurality of messages; and

store the data for performing the financial transaction and the non-financial transaction data in a computer readable storage memory such that the non-financial transaction data is associated with the data for performing the financial transaction.

2. The financial transaction system of claim 1, wherein the processor is further configured to generate a report based on the financial and non-financial data, the report identifying a spending pattern of a cardholder.

3. The financial transaction system of claim 1, wherein the non-financial transaction data stored in the memory of the payment device comprises customer exclusive data including one or more personalization values.

4. The financial transaction system of claim 3, wherein the customer exclusive data stored in the memory of the payment device comprises a description or quantity of a good or service purchased.

5. The financial transaction system of claim 1, wherein the memory of the payment device stores one or more of:

an amount authorized;

an unpredictable number;

an application transaction counter;

issuer application data;

an application cryptogram;

or

a form factor identifier.

6. The financial transaction system of claim 1, wherein the non-financial transaction data stored in the memory of the payment device is stored in a Tag-Length-Value format comprising a tag identifying the position of the non-financial transaction data in the memory and a length identifying the length of the non-financial transaction data.

7. The financial transaction system of claim 1, wherein the processor is further configured to determine a pattern based at least in part on the non-financial transaction data associated with the data for performing the financial transaction, wherein the pattern indicates a spending preference of a payment account associated with the financial transaction.

8. The financial transaction system of claim 1, wherein the non-financial data being received includes non-financial transaction data relating to a plurality of financial transactions.

9. The financial transaction system of claim 1, wherein the financial transaction system receives non-financial data at a periodic interval.

10. A computer-implemented method, comprising:

receiving, by a computer from a reader device, a plurality of messages via a network after the reader device has read non-financial transaction data relating to a financial transaction from a payment device storing the non-financial transaction data, the plurality of messages including;

a financial transaction authorization request message for performing the financial transaction; and

non-financial data including the non-financial transaction data relating to the financial transaction, the non-financial transaction data being transmitted from the reader device after the reader device has received a financial transaction authorization response message for completing the financial transaction, wherein the non-financial transaction data is erased from the reader device after transmission of the non-financial transaction data;

parsing, by the computer, each of the plurality of messages to identify data for performing the financial transaction and the non-financial transaction data contained in the plurality of messages; and

storing the data for performing the financial transaction and the non-financial transaction data in a computer readable storage medium such that the non-financial transaction data is associated with the financial transaction data.

11. The computer-implemented method of claim 10, wherein the non-financial transaction data stored in the memory of the payment device comprises customer exclusive data including one or more personalization values.

12. The computer-implemented method of claim 11, wherein the customer exclusive data stored in the memory of the payment device comprises a description or quantity of a good or service purchased.

13. The computer-implemented method of claim 10, wherein the non-financial transaction data stored in the memory of the payment device is stored in a Tag-Length-Value format comprising a tag identifying the position of the non-financial transaction data in the memory and a length identifying the length of the non-financial transaction data.

14. The computer-implemented method of claim 10, further comprising determining a pattern based at least in part on the non-financial transaction data associated with the data for performing the first financial transaction, wherein the pattern indicates a spending preference of a payment account associated with the first financial transaction.

15. The computer-implemented method of claim 10, wherein the non-financial data being received includes non-financial transaction data relating to a plurality of financial transactions.

16. A non-transitory computer readable storage medium encoded with program code, wherein when the program code is executed by a processor, the processor performs a method, the method comprising:

receiving, from a reader device, a plurality of messages via a network after the reader device has read non-financial transaction data relating to a financial transaction from a payment device storing the non-financial transaction data, the plurality of messages including;

a financial transaction authorization request message for performing the financial transaction; and

non-financial data including the non-financial transaction data relating to the financial transaction, the non-financial transaction data being transmitted from the reader device after the reader device has received a financial transaction authorization response message for completing the financial transaction, wherein the non-financial transaction data is erased from the reader device after transmission of the non-financial transaction data;

parsing each of the plurality of messages in a computer processor configured to identify data for performing the financial transaction and the non-financial transaction data contained in the plurality of messages; and

storing the data for performing the financial transaction and the non-financial transaction data in a computer readable storage memory such that the non-financial transaction data is associated with the data for performing the financial transaction.

17. A computer-implemented method comprising:

receiving, by a processor of a reader device, non-financial transaction data relating to a financial transaction from a payment device comprising a memory storing the non-financial transaction data;

storing, in a computer readable storage memory of the reader device, data for performing the financial transaction;

storing, in the computer readable storage memory of the reader device, non-financial data including the non-financial transaction data received from the payment device;

transmitting the stored data for performing the financial transaction in a financial transaction authorization request message to one of an acquirer or a payment processor;

receiving a financial transaction authorization response message from one of the acquirer or the payment processor to complete the financial transaction;

after receiving the financial transaction authorization response message, transmitting the non-financial data from the reader device to the payment processor; and

after transmitting the non-financial data, erasing the non-financial data from the computer readable storage memory of the reader device.

18. The computer-implemented method of claim 17, wherein the non-financial data being transmitted is part of periodic transmissions of non-financial data.

19. The computer-implemented method of claim 17, wherein the non-financial data being transmitted includes non-financial transaction data relating to a plurality of financial transactions.

20. A non-transitory computer readable storage medium encoded with program code, wherein when the program code is executed by a processor, the processor performs a method, the method comprising:

receiving data from a payment device, wherein the data includes non-financial transaction data relating to a financial transaction stored in a memory of the payment device;

storing financial transaction data and non-financial data including the non-financial transaction data received from the payment device in a computer readable storage memory;

transmitting the financial transaction data in a financial transaction authorization request message to one of an acquirer or a payment processor;

receiving a financial transaction authorization response message from one of the acquirer or the payment processor;

after receiving the financial transaction authorization response message, transmitting the non-financial data to the payment processor; and

after transmitting the non-financial data, erasing the non-financial data from the computer readable storage memory.

21. A financial transaction system, comprising:

a computer readable storage medium; and

a processor in communication with the computer readable storage medium, the processor configured to;

receive data from a payment device, wherein the data includes non-financial transaction data relating to a financial transaction stored in a memory of the payment device;

store data for performing a financial transaction and non-financial data including the non-financial transaction data received from the payment device in a computer readable storage memory;

transmitting the stored data for performing the financial transaction in a financial transaction authorization request message to one of an acquirer or a payment processor;

receiving a financial transaction authorization response message from one of the acquirer or the payment processor to complete the financial transaction;

after receiving the financial transaction authorization response message, transmitting the non-financial data to the payment processor; and

after transmitting the non-financial data, erasing the non-financial data from the computer readable storage memory.

22. The financial transaction system of claim 21, wherein the non-financial data being transmitted is part of periodic transmissions of non-financial data.

23. The financial transaction system of claim 21, wherein the non-financial data being transmitted includes non-financial transaction data relating to a plurality of financial transactions.