System and method for combining disparate commercial transactions under a single identification mechanism

• US 8,939,357 B1
• Filed: 05/04/2012
• Issued: 01/27/2015
• Est. Priority Date: 12/03/2010
• Status: Active Grant

• Current Assignee: Excentus Corporation (Professional Datasolutions, Inc.)
• Original Assignee: Excentus Corporation (Professional Datasolutions, Inc.)
• Inventors: Perry, Dickson
• Primary Examiner(s): St Cyr, Daniel
• Application Number:
  US13/464,624
• Time in Patent Office: 998 Days
• Field of Search: 235/379, 235/380, 235/382, 235/383, 235/487, 235/492
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/387 Payment using discounts or coupons relating to marketing G06Q30/02

Abstract

A single swipe system is constructed that allows a person to use a single financial card to receive loyalty benefits (or conduct other non-payment operations) concurrently with a payment transaction. In one embodiment, the user simply swipes his/her financial card and the processing system then concurrently processes a non-payment transaction along with a payment transaction. In some situations, the non-payment transaction can be blended into the payment transaction to allow for discounts and other awards from one or more databases other than the payment processing database. In one embodiment, a single swipe of a financial card connects the consumer with one or more loyalty systems and the consumer can select from the ones desired during the course of payment processing. Discounts and other advantages can be applied to the payment transaction, all based upon a single entry of the consumer'"'"'s ID.

Claims

1. A financial transaction processing system comprising:

means for processing a financial transaction for a consumer, said financial transaction being processed based upon identification information received from a financial card associated with said consumer, wherein processing said financial transaction charges a financial account, wherein said financial card includes a magnetic stripe, and wherein said identification information is stored within said magnetic stripe; and

means for processing a first secondary transaction for said consumer concurrently with said processing of said financial transaction, said first secondary transaction initiated based on loyalty reward program information received from said financial card, wherein said loyalty reward program information is stored within said magnetic stripe, and wherein said first secondary transaction is associated with said at least one loyalty based program that is independent from said financial account, and wherein said loyalty based program information stored within said magnetic stripe identifies a plurality of loyalty based programs;

means for retrieving, from a database based on said loyalty based program information, discount information associated with a plurality of discounts available to said consumer, each of said plurality of discounts corresponding to one of said plurality of loyalty based programs;

means for communicating said plurality of discounts to said consumer at a POS; and

means for receiving an input indicating a selection of one or more discounts of said plurality of discounts, wherein an amount charged to said financial account depends upon said selection of said one or more discounts indicated by said input.

2. The processing system of claim 1 further comprising means for processing a second secondary transaction concurrently with said processing of said financial transaction, wherein said second secondary transaction is associated with loyalty programs, or information obtained from government operated databases, biometric databases, card databases, social network databases, and webservice connections.

3. The processing system of claim 1 further comprising:

means for delaying said financial transaction until a completion of said processing of said first secondary transaction.

4. The processing system of claim 3 wherein said delay is permanent.

5. The processing system of claim 1 further comprising:

means for sending a message to a third party under control of a secondary processing system pertaining to said financial transaction.

6. A method of processing credit card purchases, said method comprising:

accepting, from a purchaser at a point of sale (POS), first data pertaining to a financial account to be charged for a particular purchase and second data that identifies a plurality of loyalty based programs, said accepting under control of a first processing system, wherein said first data and said second data are stored within a magnetic stripe of a financial card;

processing, by said first processing system, said accepted first data for charging said financial account;

retrieving, from a database based on said second data, discount information associated with a plurality of discounts available to said purchaser, each of said plurality of discounts corresponding to one of said plurality of loyalty based programs;

communicating said retrieved discount information to said purchaser at said POS by presenting each of said plurality of discounts to said purchaser;

receiving, at said POS, an input indicating a selection of one or more discounts of said plurality of discounts, wherein an amount charged to said financial account at said POS depends upon said selection of said one or more discounts; and

using said input to send information pertaining to said selection of said one or more discounts to one or more second processing systems for processing secondary functions associated with loyalty based programs, wherein processing of each of said secondary functions includes processing a particular discount of said one or more discounts, wherein said processing of said secondary functions occurs with said processing of said accepted first data, and wherein at least one of said secondary functions is independent from said financial account.

7. The method of claim 6 further comprising using said accepted second data to process a second secondary function, wherein said second secondary function is selected from the list of:

loyalty programs, government operated databases, biometric databases, card databases, social network databases, and webservice connections.

8. The method of claim 6 further comprising:

delaying said processing of said accepted first data until a completion of said processing of said secondary functions.

9. The method of claim 6 wherein said communicating occurs prior to said charging of said financial account.

10. The method of claim 6 wherein an amount charged to said financial account at said POS depends upon said retrieved discount information.

11. A financial transaction processing system comprising:

a first processor for;

processing a financial transaction based upon identification information received from a financial card associated with a purchaser at a point of sale (POS), wherein said financial transaction charges a financial account, wherein said financial card includes a magnetic stripe, and wherein said identification information is stored within said magnetic stripe;

identifying said purchaser based upon identification information processed by said first processor;

sending, to a second separate processor, loyalty reward program information such that said second separate processor can conduct a first secondary transaction for said purchaser with said processing of said financial transaction, wherein said loyalty reward program information is stored within said magnetic stripe and identifies a plurality of loyalty reward programs, and wherein said first secondary transaction is associated with said at least one loyalty reward program that is independent from said financial account; and

delaying said financial transaction a period of time in order to allow said first secondary transaction to be completed

retrieving, from a database based on said loyalty reward program information, discount information available to said purchaser, wherein said discount information includes information associated with a plurality of discounts available to said purchaser, each of said plurality of discounts corresponding to one of said plurality of loyalty reward programs; and

communicating said retrieved discount information to said purchaser at said POS; and

receiving an input indicating a selection of one or more discounts of said plurality of discounts, wherein an amount charged to said financial account at said POS depends upon said selection of said one or more discounts indicated by said input.

12. The financial transaction processing system of claim 11 wherein said second processor is further operable to process a second secondary transaction based on additional information stored within said magnetic stripe, wherein said second secondary transaction is associated with loyalty programs, or information obtained from government operated databases, biometric databases, card databases, social network databases, and webservice connections.

13. The financial transaction processing system of claim 12 wherein said second secondary transaction is a governmental records check, and wherein said second processor is further operable for communicating information to a third party based on said governmental records check.

14. The financial transaction processing system of claim 11 wherein said delay is permanent.

15. The financial transaction processing system of claim 11 wherein said communicating occurs prior to said processing of said financial transaction.

16. The financial transaction processing system of claim 15 wherein said financial transaction charges an amount to a financial account associated with said purchaser, and wherein said amount charged depends upon said retrieved discount information.