Systems and methods to temporarily transfer funds to a member
First Claim
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1. A device, comprising:
- an electronic identification associated with a user;
a security subsystem to identify the user based on the electronic identification and to allow a single purchase transaction having a single currency value,wherein the security subsystem is responsive to a unique input on the device, andwherein the input is made by the user and associated with a code identifying an intended purchase;
a memory to store the single currency value for enabling the single purchase transaction by the user; and
a subsystem to inhibit a transaction after the single purchase transaction.
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Abstract
Systems, methods, and computer-readable media provide a time-limited monetary value to a member of an organization, using a member card or member icon, which may be issued by other than a bank or brokerage institution. In embodiments, the monetary value may be restricted to a single transaction and a maximum amount. In other embodiments, purchases of authorized goods and services may be controlled by corresponding product codes. A password or biometric may be used to authenticate the intended purchaser to the organization and/or merchant.
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Citations
20 Claims
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1. A device, comprising:
- an electronic identification associated with a user;
a security subsystem to identify the user based on the electronic identification and to allow a single purchase transaction having a single currency value, wherein the security subsystem is responsive to a unique input on the device, and wherein the input is made by the user and associated with a code identifying an intended purchase; a memory to store the single currency value for enabling the single purchase transaction by the user; and
a subsystem to inhibit a transaction after the single purchase transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7)
- an electronic identification associated with a user;
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8. A non-transitory computer-readable medium encoded with computer-readable instructions, the computer-readable instructions comprising instructions stored thereon that are executable by a processor to:
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associate an electronic identification provided on a user device with a member of an organization; identify the member through a security subsystem using the electronic identification to allow a transaction, wherein the user is identified responsive to a unique input made by the member directly on the device, and wherein the unique input is associated with a code identifying an intended purchase having a single currency value; store the single currency value on a memory of the device for enabling the single purchase transaction by the member; and inhibit a transaction attempted after the single purchase transaction through a memory on the device. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A non-transitory computer-readable medium encoded with computer-readable instructions, the computer-readable instructions comprising instructions stored thereon that are executable by a processor to:
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associate an electronic identification provided on a mobile device with a user of the mobile device; receive an identification of an intended purchase having a single currency value by the mobile device; identify the user through a security subsystem using the electronic identification to allow a transaction, wherein the user is identified responsive to a unique input made by the user directly on the device, and wherein the unique input is associated with a code identifying an intended purchase having a single currency value; store the single currency value on a memory of the mobile device for enabling the single purchase transaction by the user; and inhibit a transaction attempted after the single purchase transaction through a subsystem on the mobile device. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification