Proximity detection, virtual detection, or location based triggering of the exchange of value and information

• US 9,460,433 B2
• Filed: 08/18/2015
• Issued: 10/04/2016
• Est. Priority Date: 04/17/2011
• Status: Active Grant

• Current Assignee: Proctor Consulting LLP
• Original Assignee: Proctor Consulting LLP
• Inventors: Proctor, James A. Jr., Tripoli, Maria Elena, Proctor, James Arthur III
• Primary Examiner(s): Champagne, Luna
• Application Number:
  US14/828,742
• Publication Number:
  US 20160042342A1
• Time in Patent Office: 413 Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/123 Shopping for digital content
• CPC Class Codes: G06Q 20/202 Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
• CPC Class Codes: G06Q 20/223 based on the use of peer-to-peer networks
• CPC Class Codes: G06Q 20/3278 RFID or NFC payments by means of M-devices
• CPC Class Codes: G06Q 20/381 Currency conversion
• CPC Class Codes: G06Q 20/4015 using location information
• CPC Class Codes: G06Q 30/0266 based on the position of the vehicle
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: H04B 5/72 for local intradevice communication
• CPC Class Codes: H04W 4/80 Services using short range communication, e.g. near-field communication [NFC], radio-frequency identification [RFID] or low energy communication

Abstract

A system, methods, and apparatuses are provided for valuation and exchange of stored value assets, information of value, and the transfer of value to or among individuals. The exchanged assets may be of a similar nature, e.g., music files exchanged for other music files, and exchange or trade of information such as rewards value or a restaurant coupon. The exchanged assets may also be other dissimilar assets exchanged between individuals and/or entities. The exchange may be initiated in numerous ways such as after completing a review, exchanging or trading a gift card, a prepaid card, a reward card, a coupon, a ticket, a pass, and/or the like when in proximity to a specific location or a location of some type or category, and/or exchanging or trading of other assets between individuals based on one or more constraints such as time, location, need, desire for the assets, and/or proximity.

Claims

1. One or more computer servers to facilitate the transfer of stored value from one or more devices, cards, or accounts to a wireless device, the one or more computer servers comprising:

at least one processor, and

at least one memory with executable instructions stored thereon,

the at least one memory and the executable instructions, with the at least one processor, cause said one or more computer servers to;

receive a first message associated with a first wireless device or associated with an entity associated with said first wireless device;

receive from the first wireless device first information also associated with said first wireless device or associated with said entity associated with said first wireless device, wherein the first information is used to determine one or more merchant identities which are in proximity to said first wireless device;

receive second information also associated with said first wireless device or associated with said entity associated with said first wireless device, wherein said second information includes a desired, expected or an ongoing target transaction charge amount associated with a target transaction between said one or more merchant identities and said first wireless device or with said entity associated with said first wireless device;

select one or more selected stored value assets depending on both (a) at least said one or more merchant identities and (b) said target transaction amount; and

send, subsequent to the selection of one or more selected stored value assets, a redemption identifier message to said first wireless device, said redemption identifier message comprising one or more redemption identifiers.

2. The one or more computer servers of claim 1 wherein said one or more servers are associated with a wireless device other than the first wireless device.

3. The one or more computer servers of claim 1 wherein said one or more servers are operated independently of entities associated with said one or more merchant identities.

4. The one or more computer servers of claim 1 wherein the one or more stored value assets are used to modify a total amount paid by the entity associated with the first wireless device associated with the execution of the target transaction.

5. The one or more computer servers of claim 1 further to cause the one or more computer servers to verify a current validity of a stored value balance associated with the one or more stored value assets.

6. The one or more computer servers of claim 1 wherein each of the stored value assets is one of a debit card, a gift card, or some other identifier for an account having an associated stored value balance.

7. The one or more computer servers of claim 6 wherein each stored value asset is a defined positive monetary value used as payment associated with the target transaction.

8. The one or more computer servers of claim 1 wherein said value associated with said one or more selected stored value assets is a defined monetary value, independent of the target transition charge amount.

9. The one or more computer servers of claim 1 wherein said one or more selected stored value assets comprises a plurality of stored value assets and wherein said redemption identifier message comprises a single redemption identifier in the form of an account number, said account number is used to redeem the aggregate value of said plurality of said one or more selected stored value assets.

10. The one or more computer servers of claim 1 wherein said one or more redemption identifiers represent said one or more selected stored value assets in a one to one correspondence.

11. The one or more computer servers of claim 1 wherein the one or more processors further, prior to select of the one or more stored value assets:

verify a current validity, authorization, authenticity, or stored value balance associated with the one or more stored value assets; and

charge against a stored account credential associated with a providing entity associated with a specific stored value asset, upon a failure of said verify of the current validity, authorization, authenticity, or stored value balance associated with a specific one of said stored value asset.

12. The one or more computer servers of claim 1 wherein the one or more processors further:

send a second message to the first wireless device including one or more merchant identities to further result in said first wireless device displaying a message requesting input from a user of the first wireless device, said message including at least a transaction charge value and relating to the selection of one or more merchant identities for which said transaction change value would apply.

13. The one or more computer servers of claim 1 wherein said target transaction charge amount is a charge amount associated with an expected future transaction.

14. The one or more computer servers of claim 1 wherein said target transaction charge amount is a lower value than an associated total transaction amount.

15. The one or more computer servers of claim 1 wherein said target transaction is a currently ongoing transaction resulting in said reception of one of said first message, said first information, or said second information.

16. The one or more computer servers of claim 1 wherein said first information comprises a geographic location received or derived from said first wireless device.

17. The one or more computer servers of claim 1 wherein said first message comprises identifier information related to a second wireless device or an entity associated with said second wireless device, said identifier information having been received by the first wireless device using short range wireless communication.

18. The one or more computer servers of claim 1 wherein said first information is directly or indirectly received from a point of sale device belonging to a merchant associated with one of said merchant identities.

19. The one or more computer servers of claim 1 wherein one or more of said first message and said first information is received from or by way of a server or a point of sale device associated with processing said target transaction while said target transaction is ongoing.

20. The one or more computer servers of claim 17 wherein the one or more processors further:

transmit a receipt relating to the purchase of said selected one or more stored value assets, the receipt transmitted to either said second wireless device or to an entity associated with said second wireless device.