Systems and methods for transaction processing using a smartcard

• US 8,851,369 B2
• Filed: 07/17/2009
• Issued: 10/07/2014
• Est. Priority Date: 11/05/1999
• Status: Expired due to Term

• Current Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: Lead Core Fund LLC (Intellectual Ventures LLC)
• Inventors: Seth, Hitesh, Morgan, Robert E., Bishop, Fred
• Primary Examiner(s): LE, THIEN MINH
• Application Number:
  US12/505,164
• Publication Number:
  US 20090289106A1
• Time in Patent Office: 1,908 Days
• Field of Search: 235/380, 235/375, 235/382, 235/382.5, 235/383, 235/384, 235/385
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/403 Solvency checks

Abstract

Facilitating commercial transactions using a payment system directory are disclosed. A payment directory and/or wireless point of sale (POS) device may be configured to use predetermined rules, a multitude of data items and/or conditions to locate a payment system, and transmit a payment authorization request from a remote location to at least one payment system, either directly, or via a payment system directory and/or a SSL Gateway. A smartcard may function as a payment directory and/or a payment system.

Claims

1. A method, comprising:

receiving, at a smartcard, a payment request for a transaction;

determining, by the smartcard, a first payment system for processing at least a portion of the transaction, wherein said determining includes the smartcard querying payment directory information stored on the smartcard; and

transmitting, by the smartcard, an identification of the first payment system to a point of service (POS) device, wherein the identification is usable by the POS device to transmit a first authorization request related to at least a portion of the transaction to the first payment system.

2. The method of claim 1, wherein the payment directory information stored on the smartcard includes rules for determining a payment system based an amount of the transaction.

3. The method of claim 1, wherein the payment request is received from the point of service (POS) device.

4. The method of claim 1, wherein the payment directory information stored on the smartcard includes rules for determining a payment system based on information relating to a type of the transaction.

5. The method of claim 1, wherein the transmitting an identification of the first payment system to the POS device comprises transmitting the first authorization request to the POS device.

6. The method of claim 1, wherein the first payment system is the smartcard.

7. The method of claim 6, further comprising determining by the smartcard that the smartcard should be reloaded.

8. The method of claim 7, wherein the determining that the smartcard should be reloaded comprises evaluating a rule based upon a third party, wherein the third party comprises at least one of a cosigner on a transaction account associated with the smartcard, a parent associated with the account associated with the smartcard, an employer associated with the account associated with the smartcard, or a guarantor of the account associated with the smartcard.

9. The method of claim 7, wherein the transmitting an identification of the first payment system comprises transmitting a reload request for the smartcard.

10. The method of claim 6, further comprising determining by the smartcard that a balance associated with the smartcard is below a predetermined threshold.

11. The method of claim 1, wherein the payment directory information stored on the smartcard includes rules for determining a payment system based on information relating to a merchant.

12. The method of claim 1, further comprising:

in response receiving an indication of at least one of a decline or a partial authorization, determining, by the smartcard, a second payment system for processing at least a portion of the transaction;

transmitting, by the smartcard, an identification of the second payment system to the POS device, wherein the identification of the second payment system is usable by the POS device to transmit a second authorization request related to at least a portion of the transaction to the second payment system.

13. The method of claim 12, wherein the smartcard transmits the second authorization request to the POS device.

14. The method of claim 1, wherein the smartcard is authenticated by the POS device.

15. The method of claim 14, wherein the authentication comprises a biometric authentication.

16. The method of claim 15,

wherein the biometric authentication is performed using a biometric sensor configured to detect a proffered biometric sample and to communicate with the POS device;

and,

wherein the proffered biometric sample is verified by at least one of the POS device, a biometric verification software module configured to be executed by the POS device, or a biometric verification device in communication with the POS device.

17. The method of claim 1, wherein the smartcard is configured to perform a synchronization process with another system to update the payment directory information stored on the smartcard.

18. A smartcard, comprising:

a processor; and

memory coupled to the processor, wherein the memory stores payment directory information;

wherein the smartcard is configured to;

receive a payment request for a transaction;

select, based on the payment directory information, a payment system for processing at least a portion of the transaction; and

transmit an identification of the selected payment system to a point of service (POS) device, wherein the identification is usable by the POS device to transmit an authorization request related to at least a portion of the transaction to the selected payment system.

19. The smartcard of claim 18, wherein the smartcard is configured to perform a synchronization process with another system to update the payment directory information stored on the smartcard.

20. The smartcard of claim 18, wherein the payment directory information stored on the smartcard includes rules for selecting a payment system based information received from the POS device.