Advanced payment options for powered cards and devices

• US 8,814,050 B1
• Filed: 03/26/2013
• Issued: 08/26/2014
• Est. Priority Date: 10/20/2009
• Status: Active Grant

• Current Assignee: Dynamics Inc.
• Original Assignee: Dynamics Inc.
• Inventors: Mullen, Jeffrey D., Yen, Philip W.
• Primary Examiner(s): Marshall, Christle I
• Application Number:
  US13/850,463
• Time in Patent Office: 518 Days
• Field of Search: 235/487
• US Class Current: 235/487
• CPC Class Codes: G06K 19/06112 the marking being simulated using a light source, e.g. a barcode shown on a display or a laser beam with time-varying intensity profile
• CPC Class Codes: G06K 19/0719 at least one of the integrated circuit chips comprising an arrangement for application selection, e.g. an acceleration sensor or a set of radio buttons application selection on smart cards using pure software control, see G07F7/10
• CPC Class Codes: G06K 19/0723 the record carrier comprising an arrangement for non-contact communication, e.g. wireless communication circuits on transponder cards, non-contact smart cards or RFIDs
• CPC Class Codes: G06K 19/07703 the interface being visual
• CPC Class Codes: G06K 19/083 Constructional details
• CPC Class Codes: G06K 19/12 the marking being sensed by magnetic means
• CPC Class Codes: G06K 7/084 sensing magnetic material by relative movement detecting flux changes without altering its magnetised state
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/347 Passive cards
• CPC Class Codes: G06Q 20/351 Virtual cards
• CPC Class Codes: G06Q 20/352 Contactless payments by cards
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G07F 7/0833 Card having specific functional components
• CPC Class Codes: G07F 7/0846 On-card display means
• CPC Class Codes: G07F 7/0853 On-card keyboard means

Abstract

Advanced payment applications are provided to improve the functionality of cards and devices. For example, a user interface may be placed on a card (e.g., a physical button) or a telephonic device (e.g., a virtual button on a capacitive touch screen). Manual input provided to this user interface may, for example, cause an item purchased on credit to be paid via one or more user accounts (e.g., bank accounts) as soon as the next credit statement posts or becomes due. A user may decide to pay for an item when the next statement becomes due at a point-of-sale magnetic stripe reader by using an interface on a card to cause information to be communicated through the infrastructure indicative of a user'"'"'s desire to pay the for an item when the next statement becomes due.

Claims

1. A mobile device, comprising:

a communications device operable to communicate transaction data to a card reader; and

a display operable to display a virtual button, the virtual button operable to include option data in the transaction data, the option data associated with at least one option,

wherein the at least one option is not a selection to immediately pay for a transaction associated with said communicated transaction data via one or more accounts.

2. The mobile device of claim 1, wherein the option data is associated with an installment plan.

3. The mobile device of claim 1, wherein the option data is associated with a default number of periodic payments.

4. The mobile device of claim 1, wherein the option data is associated with a user determined number of payments.

5. The mobile device of claim 1, wherein the option data is associated with a pay bill feature.

6. The mobile device of claim 1, further comprising a processor.

7. The mobile device of claim 1, further comprising:

a processor; and

an integrated circuit (IC) chip.

8. The mobile device of claim 1, further comprising:

a processor; and

a radio frequency identification (RFID).

9. The mobile device of claim 1, further comprising:

a pop-out IC (Integrated Circuit) chip panel; and

a radio frequency identification (RFID) antenna,

wherein the communication device is a magnetic communications device.

10. The mobile device of claim 1, further comprising a clock.

11. The mobile device of claim 1, further comprising:

a light associated with the virtual button; and

a display.

12. The mobile device of claim 1, wherein the communication device is a wireless communication device.

13. The mobile device of claim 1, further comprising a sound sensor.

14. The card of claim 1, further comprising a light sensor.

15. The card of claim 1, wherein the virtual button is operable to include the option data in a discretionary field of track data.

16. A mobile device, comprising:

a communications device operable to communicate transaction data to a card reader; and

a display operable to display a virtual button, the virtual button operable to include option data in the transaction data,

wherein the option data includes a code associated with server instructions to pay an outstanding bill of a user.

17. A mobile device, comprising:

a communications device operable to communicate transaction data to a card reader; and

a display operable to display a virtual button, the virtual button operable to include option data in the transaction data,

wherein the option data includes a code associated with server instructions to pay a current credit card bill of a user.

18. A mobile device, comprising:

a communications device operable to communicate transaction data to a card reader; and

a display operable to display a virtual button, the virtual button operable to include option data in the transaction data,

wherein the option data includes a code associated with a request for authorization of a transaction associated with an overdrafted account.

19. A mobile device, comprising:

a communications device operable to communicate transaction data to a card reader; and

a display operable to display a virtual button, the virtual button operable to include option data in the transaction data,

wherein the option data includes a code associated with server instructions to periodically bill a user for a transaction.

20. The A mobile device, comprising:

a communications device operable to communicate transaction data to a card reader; and

a display operable to display a virtual button, the virtual button operable to include option data in the transaction data,

wherein the option data includes a code associated with a request to a server to authorize a declined transaction.