SYSTEMS, METHODS AND APPARATUS FOR SELECTING A PAYMENT ACCOUNT FOR A PAYMENT TRANSACTION

• US 20100217674A1
• Filed: 02/20/2009
• Published: 08/26/2010
• Est. Priority Date: 02/20/2009
• Status: Active Grant

• Current Assignee: First Data Corporation (Fiserv Incorporated)
• Original Assignee: First Data Corporation (Fiserv Incorporated)
• Inventors: Kean, Brian T.
• Granted Patent: US 9,569,768 B2
• Time in Patent Office: Days
• US Class Current: 705/17
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G06Q 20/3572 Multiple accounts on card
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: G07F 7/10 together with a coded signal , e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data

Abstract

Systems and methods for selecting a payment account for a payment transaction are provided by certain embodiments of the invention. Data may be collected from a payment device utilized for the transaction, and a plurality of payment accounts may be associated with the payment device. A personal identification number associated with the payment device may be received. At least one of the plurality of payment accounts associated with the payment device may be selected based on a portion of the received personal identification number. The transaction may be facilitated utilizing at least one of the selected payment accounts.

Claims

1. A method for selecting a payment account for completing a payment transaction, the method comprising:

collecting data from a payment device utilized for the transaction, wherein a plurality of payment accounts are associated with the payment device;

receiving a personal identification number associated with the payment device;

selecting, based on a portion of the received personal identification number, at least one of the plurality of payment accounts; and

facilitating the transaction utilizing at least one of the selected payment accounts.

2. The method of claim 1, further comprising:

receiving a payment device at a point of sale terminal to initiate the transaction.

3. The method of claim 1, further comprising:

parsing the personal identification number to identify one or more alphanumeric characters associated with at least one of the selected payment accounts.

4. The method of claim 3, wherein parsing the personal identification number comprises parsing the personal identification number to determine a first alphanumeric character of the personal identification number,

wherein the first alphanumeric character identifies at least one of the plurality of payment accounts as a desired payment account.

5. The method of claim 1, wherein the collected data comprises an account number associated with the payment device, and further comprising:

utilizing the portion of the personal identification number and the account number to obtain account information associated with at least one of the selected payment accounts; and

utilizing the obtained account information to facilitate the transaction.

6. The method of claim 1, wherein the collected data comprises data associated with each of the plurality of payment accounts, and further comprises:

utilizing the portion of the received personal identification number to identify a portion of the collected data that is associated with at least one of the selected payment accounts; and

utilizing the identified portion of the collected data to facilitate the transaction.

7. The method of claim 1, further comprising:

requesting, from the payment device and based at least in part on the portion of the received personal identification number, information associated with at least one of the selected payment accounts;

receiving the information associated with at least one of the selected payment accounts from the payment device; and

utilizing the received information associated with at least one of the selected payment accounts to facilitate the transaction.

8. The method of claim 1, wherein the selected one of the plurality of payment accounts comprises a credit card account, a debit card account, a checking account, a savings account, or a stored value account.

9. The method of claim 1, further comprising:

receiving information associated with at least one of adding a payment account to the plurality of payment accounts or deleting a payment account from the plurality of payment accounts; and

communicating at least a portion of the information to the payment device.

10. A method for completing a payment transaction, the method comprising:

receiving account data from a payment device, the payment device associated with a plurality of payment accounts;

utilizing a portion of a personal identification number received from a customer associated with the payment device to select at least one of the plurality of payment accounts; and

utilizing at least one of the selected payment accounts to facilitate the payment transaction.

11. The method of claim 10, further comprising:

communicating the personal identification number and at least a portion of the received account data to a payment processor,

wherein the payment processor utilizes the personal identification number and the at least a portion of the received account data to select from the payment accounts.

12. The method of claim 10, wherein utilizing a portion of a personal identification number to select one of the plurality of payment accounts comprises:

parsing the personal identification number; and

identifying at least one alphanumeric character of the personal identification number associated with at least one of the selected payment accounts.

13. A point of sale terminal for processing a payment transaction, the point of sale terminal comprising:

at least one reader operable to obtain account information from a payment instrument associated with a plurality of payment accounts;

at least one input device operable to receive a personal identification number associated with the payment instrument, wherein a portion of the personal identification number is utilized to select at least one of the plurality of payment accounts; and

a communications interface operable to communicate at least a portion of the personal identification number and at least a portion of the obtained account information to a payment processor to verify the payment transaction.

14. The point of sale terminal of claim 13, wherein the at least one reader comprises a magnetic strip reader, an infrared reader, or a radio frequency identification (RFID) reader.

15. The point of sale terminal of claim 13, further comprising:

a processor operable to identify at least one of the selected payment accounts based at least in part on the portion of the personal identification number.

16. The point of sale terminal of claim 13, wherein the portion of the personal identification number comprises at least one alphanumeric character of the personal identification number.

17. The point of sale terminal of claim 13, wherein the obtained account information comprises an account number associated with the payment instrument, and

wherein the account number and the portion of the personal identification number are utilized to identify account information associated with at least one of the selected payment accounts.

18. The point of sale terminal of claim 13, wherein:

the at least one reader is further operable to request additional account information associated with at least one of the selected payment accounts based at least in part on the portion of the personal identification number and to receive the requested additional information, and

the communications interface is further operable to communicate at least a portion of the received additional account information to the payment processor to verify the payment transaction.

19. The point of sale terminal of claim 13, wherein:

the communications interface is further operable to receive information associated with adding an account to the plurality of accounts or deleting an account from the plurality of accounts, and

the at least one reader is operable to communicate the received information associated with adding or deleting an account to the payment instrument.

20. The point of sale terminal of claim 13, wherein the selected one of the plurality of payment accounts comprises a credit card account, a debit card account, a checking account, a savings account, or a stored value account.