Structure for a method of facilitating charge transactions

• US 5,477,040 A
• Filed: 05/23/1994
• Issued: 12/19/1995
• Est. Priority Date: 05/23/1994
• Status: Expired due to Fees

• Current Assignee: Lalonde, Michael G.
• Original Assignee: Lalonde, Michael G.
• Inventors: Lalonde, Michael G.
• Primary Examiner(s): PITTS, HAROLD I
• Application Number:
  US08/247,587
• Time in Patent Office: 575 Days
• Field of Search: 235/379, 235/380, 235/487, 235/492, 283/112
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

Abstract

Structure for and method of facilitating charge transactions by the holder of a plurality of charge cards, issued by a plurality of separate charge card issuers, utilizing a single universal charge card selector card, facilitating card holder reconciliation of card holder receipts and a consolidated statement, and providing the universal card holder with a single consolidated statement for all of the card holder'"'"'s charge transactions during a statement period. The structure for facilitating the charge transaction includes a charge card selector card, having card holder, charge card selector, and a plurality of separate charge card issuers'"'"' data thereon, point of charge transaction means at a charge card accepting merchant, means for transferring identification and charge transaction data from the point of charge transaction means to point of charge card selection means at a charge card selector, point of charge card selection means for selecting a predetermined charge card for the charge transaction, and transferring identification data to the charge card issuer of the selected charge card, point of credit authorization means at the charge card issuer, including means for generating credit authorizing data and transferring the identification and credit authorizing data to the charge card accepting merchant through the charge card selector. The method of the invention includes the steps of obtaining a charge card selector card and presenting it to a charge card accepting merchant, presenting identification and charge transaction data to the charge card selector by the merchant, selection of a predetermined charge card issuer by the charge card selector, obtaining credit authorization from the selected charge card issuer by the charge card selector and transferring the credit authorization data back to the merchant.

Claims

1. Structure for facilitating a charge transaction by a card holder of a plurality of charge cards, issued by a plurality of different charge card issuers, at a charge card accepting merchant, which charge transaction may be charged against any of the card holder'"'"'s charge cards, utilizing a single charge card selector, charge card selector card, comprising:

a not smart charge card selector card issued to the card holder including at least card holder identification data;

point of charge transaction means at the charge card accepting merchant including, means for obtaining the identification dam from the charge card selector card, means for generating data representing the charge card accepting merchant and the charge transaction, and means operably associated with the means for obtaining and the means for generating data for receiving the identification and charge transaction data and transferring the data to the charge card selector and, means for receiving credit authorization data;

point of charge card selection means at the charge card selector operably associated with the point of charge transaction means including, means for receiving the identification and charge transaction data, charge card selection processor means operably associated with the data receiving means for selecting a predetermined one of the plurality of different charge card issuers, in accordance with the card holder'"'"'s predetermined selections, means operably associated with the charge card selection processor means for transferring the card holder identification and transaction representing data from the charge card selection processor means to the selected predetermined one of the plurality of different charge card issuers and;

point of credit authorization means at the selected one of the plurality of different charge card issuers operably associated with the point of charge card selection means at the charge card selector including credit authorization means for receiving the identification and charge transaction data from the point of charge card selection means, generating credit authorization data and transferring the means for credit authorizing data to the point of charge transaction means at the charge card accepting merchant;

whereby a charge transaction may be accomplished by the card holder of a plurality of charge cards which may be charged to any of the plurality of charge cards utilizing only a single charge card selector card.

2. Structure as set forth in claim 1 and further including;

means operably associated with the means for selecting a predetermined one of the plurality of different charge card issuers for influencing the selection of the charge card issuer in accordance with at least one of the card holder'"'"'s overrides, charge cards interest rates and credit limits, and charge card issuer'"'"'s promotions.

3. Structure as set forth in claim 1 and further including;

means in the point of charge card selection means at the charge card selector operably associated with the charge card selection processor means for generating data representing sequential numbering of charge transactions utilizing the charge card selection card and transferring the data representing sequential numbering of each charge transaction to the charge card accepting merchant and;

means at the charge card accepting merchant operably associated with the means for transferring the data representing sequential numbering of each charge transaction to the charge card accepting merchant for generating and issuing to the card holder a charge transaction receipt, including charge transaction representing data for the particular charge transaction and the sequential number of the particular charge transaction utilizing the particular charge card selection card, for use in subsequent reconciliation of receipts with charges on a consolidated sequentially numbered statement from the charge card selector.

4. Structure as set forth in claim 1 and further including;

means at the charge card selector operably associated with the charge card selection processor means for periodically generating and issuing to each holder of a charge card selector card a consolidated statement of the transactions utilizing the card holder'"'"'s particular charge card selector card during the period.

5. Structure as set forth in claim 4 and further including;

means at the charge card selector operably associated with the means for periodically generating and issuing consolidated statements for generating data representing sequential numbering of charge transactions utilizing the charge card selector card and transferring the data representing sequential numbering of charge transactions to the means for periodically generating and issuing consolidated statements and, wherein the

means for periodically generating and issuing consolidated statements includes means for receiving the data representing sequential numbering of charge transactions and means for sequentially numbering each charge on each consolidated statement to facilitate card holder'"'"'s reconciliation of sequentially numbered receipts from charge card accepting merchants with the consolidated statement.

6. Structure as set forth in claim 1 and further including;

means at the charge card selector for receiving a periodic payment from each card holder of a charge card selector card, allocating the payment in accordance with the card holder'"'"'s predetermined preferences to the separate charge card issuers of a card holder'"'"'s charge cards, and periodically sending a separate payment reflecting the predetermined preferences, modified by at least minimum payment requirements of the separate charge card issuers, to the separate charge card issuers.

7. Structure as set forth in claim 1 and further including;

data processing means operably associated with the point of charge transaction means and point of charge card selection means including, means for receiving identification and transaction representing data from the means for transferring the identification and transaction representing data in the point of charge transaction means, means for transferring the identification and transaction representing data to the charge card selector and means for receiving credit authorization data from at least one of the charge card selector and plurality of different charge card issuers and transferring it to the charge card accepting merchant.

8. Structure as set forth in claim 7 wherein the means for authorizing credit for the charge transaction includes;

means for transferring credit authorization data directly to the data processing means.

9. Structure as set forth in claim 7 wherein the means for authorizing credit for the charge transaction includes;

means for transferring credit authorization data to the charge card selector issuer and to the means for receiving credit authorization data for the charge transaction at the data processor, through the point of charge card selection means.

10. The method of accomplishing a charge transaction by a holder of a plurality of charge cards, issued by a plurality of different charge card issuers, at a charge card accepting merchant, including point of charge transaction means, which charge transaction may be charged against any of the card holder'"'"'s charge cards, utilizing a single charge card selector, not smart charge card selector card comprising the steps of:

obtaining a charge card selector card having at least card holder identification data thereon and presenting the charge card selector card and merchandise it is desired to purchase utilizing a charge transaction to a charge card accepting merchant at the point of charge transaction means by the card holder;

obtaining the identification data on the charge card selector card at the point of charge transaction means, generating and adding charge transaction data and charge card accepting merchant identification data to the identification data from the charge card selector card in the point of charge transaction means and transferring the identification and charge transaction data to the charge card selector;

receiving the card holder and charge card accepting merchant identification and charge transaction data by the charge card selector in the point of charge card selection means, selecting a predetermined one of the plurality of different charge card issuers in the point of charge card selection means, in accordance with the card holder'"'"'s predetermined preferences, and transferring charge card holder and charge card accepting merchant identification and transaction representing data to the predetermined one of the plurality of charge card issuers;

receiving the card holder and charge card accepting merchant identification and transaction representing data by the predetermined one of the plurality of charge card issuers in the point of credit authorization means, determining credit authorization for the card holder and generating credit authorizing data in the point of credit authorization means and;

transferring the credit authorizing, card holder and credit card accepting merchant identification data to the charge card selector;

receiving the credit authorization and identification data from the predetermined one of the plurality of charge card issuers by the charge card selector and transferring the credit authorization data and card holder identification to the credit card accepting merchant by the charge card selector;

whereby a charge transaction may be accomplished by the holder of a plurality of charge cards which may be charged to any of the plurality of charge cards utilizing only a single charge card selector card.

11. The method as set forth in claim 10 and further including the step of;

sequentially numbering the charge transactions utilizing a particular charge card selector card in a predetermined statement period by the charge card selector, transferring the sequential number for each charge transaction to the charge card accepting merchant and providing the card holder a receipt with the sequential number for each charge transaction for subsequent reconciliation with a consolidated statement.

12. The method as set forth in claim 10 and further including the step of:

periodically generating and issuing a single consolidated statement of the charge transactions charged to all of the card holder'"'"'s charge cards during the period to each card holder by the charge card selector.

13. The method as set forth in claim 12 and further including the step of;

sequentially numbering each charge transaction on the consolidated statement utilizing the charge card selector card in a predetermined statement period by the charge card selector.

14. The method as set forth in claim 10 and further including the step of;

periodically receiving a payment from the charge card holder by the charge card selector, allocating the payment to charge card issuers in accordance with the card holder'"'"'s predetermined preferences and minimum payment requirements of the charge card issuers and making a payment to each of the separate charge card issuers by the charge card selector.

15. The method of accomplishing a charge transaction as set forth in claim 10 and further including the steps of;

transferring the identification and charge transaction data to a data processor by the charge card accepting merchant;

accepting the identification and charge transaction data from the charge card accepting merchant by the data processor, forwarding card holder and charge card accepting merchant identification and transaction representing data to the charge card selector by the data processor, and;

receiving card holder and charge card accepting merchant identification, transaction representing data and credit authorization data from the charge card selector by the data processor.

16. The method as set forth in claim 15 wherein;

the credit authorization is directly transferred to the data processor from the predetermined one of the plurality of charge card issuers.

17. The method as set forth in claim 15 wherein;

the credit authorization is transferred to the data processor through the charge card selector from the predetermined one of the plurality of charge card issuers.