System and Method for Transponder-Enabled Account Transactions
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Abstract
A transponder-initiated transaction system is electromagnetically coupled to an account transponder device at the point of sale. The account transponder device may be embedded within a watch, key chain or other personal article for convenience or affinity. The transponder device may communicate account information to an RF-enabled point of sale device, enabling transactions to take place without resort to remote data processing facilities. In other embodiments partial or complete account information may be accessed or stored at co-located or remote sources. New account registrants may access a Web site to enter a transponder ID and activate a new account, which may be a credit account, debit account, cash account, special purpose vending account, or other types of accounts.
34 Citations
47 Claims
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1-20. -20. (canceled)
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21. A computer implemented system for authorizing transponder-enabled transactions, comprising:
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a transaction server comprising a memory that stores an account table, wherein the account table comprises financial account information relating to a financial account; a point of sale device, wherein the point of sale device is associated with a merchant; a communications link between the transaction server and the point of sale device; a transponder identification information receiver coupled to the point of sale device; a transponder that emits transponder identification information, linked to the financial account information, that is capable of being received by the transponder information identification receiver, wherein the transponder identification information is emitted from the transponder upon presentation of the transponder with a transaction presented at the point of sale device; wherein further the received transponder identification information is communicated to the point of sale device, and subsequently transmitted to the transaction server along with a payment amount for the transaction, the transmission occurring via the communications link, the transaction server providing a validation for the transaction, allowing the transaction to be completed, based upon the validation; wherein the transaction server and the account table are associated with at least one of an issuing bank and a transaction network; and a registration server coupled with at least the account table and at least one client workstation, wherein the registration server receives the financial account information and the transponder identification information from the client workstation and links the financial account information and the transponder identification information in a database. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 43, 44)
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37. A computer implemented system for authorizing transponder-enabled transactions, comprising:
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a transponder, comprising an account table which contains financial account information, the financial account information being representative of a financial account; a point of sale device, wherein the point of sale device is associated with a merchant; a transponder identification information receiver coupled to the point of sale device, that receives information emitted from the transponder, wherein the information emitted from the transponder comprises at least transponder identification information and the information is emitted from the transponder upon presentation of the transponder with a transaction presented at the point of sale device; wherein further, the point of sale device generates a total amount due for the transaction, and through the transponder identification information receiver, interrogates the financial account information in the account table, and updates the account table to reflect the transaction upon completion of the transaction; a registration server coupled with at least the account table and at least one client workstation, the registration server being further coupled to the transponder identification information receiver, wherein the registration server receives the financial account information and the transponder identification information from the client workstation and links the financial account information and the transponder identification information in a database coupled to the registration server. - View Dependent Claims (38, 39, 40, 41, 42, 45, 46, 47)
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Specification