Effecting financial transactions

• US 8,010,451 B1
• Filed: 03/23/2010
• Issued: 08/30/2011
• Est. Priority Date: 09/27/2002
• Status: Active Grant

• Current Assignee: A3 Society LLC
• Original Assignee: A3 Society LLC
• Inventors: Nappi, Bruce
• Primary Examiner(s): Norman; Samica L
• Application Number:
  US12/730,008
• Time in Patent Office: 525 Days
• Field of Search: 705/64, 705/65, 705/78
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A financial account that represents value is maintained on behalf of an account holder. The financial account has a plurality of account identifiers that enable a party that presents a debit account identifier to effect a debit transaction in the account, or a party that presents a general account identifier to effect both debit and credit transactions in the account. A third party is permitted to effect a credit transaction in the account by presenting a credit identifier, which is an identifier different from the debit or general account identifiers. The credit identifier is insufficient to enable a third party to effect a debit transaction in the account.

Claims

1. A method comprising

using a communication device, in connection with an offer of a commercial transaction by an offering party in the transaction, for displaying or otherwise making available a credit-only account identifier that enables a credit transaction to be effected in a financial account of a third party associated with the commercial transaction, the credit-only account identifier being insufficient to enable a debit transaction to be effected in the financial account of the third party, a buyer needing no more than the credit-only account identifier to determine that the credit-only account identifier relates to a credit-only transaction and is of a type that is recognized and accepted for effecting credit-only transactions in financial accounts maintained by the financial institutions for their account holders, and the offering party needing no more than the credit-only account identifier to determine that the credit-only account identifier relates to a credit-only transaction and is of a type that is recognized and accepted for effecting credit-only transactions in financial accounts maintained by the financial institutions for their account holders.

2. The method of claim 1 in which the identifier is made available in advertising associated with the commercial transaction.

3. The method of claim 1 in which the identifier is made available on printed material.

4. The method of claim 1 in which the identifier is made available electronically.

5. The method of claim 1 in which the identifier is made available in proximity to goods or services that are part of the commercial transaction.

7. The method of claim 1 in which the financial account comprises an account maintained by a banking institution.

8. The method of claim 1 in which the third party comprises an enterprise.

9. The method of claim 1 in which the offering party comprises a seller of goods or services and the credit transaction effects payment for the goods or services.

10. The method of claim 1 in which the offering party comprises a seller of goods or services and the credit transaction effects fulfillment of the goods or services.

11. The method of claim 1 in which the identifier comprises a string of characters.

12. The method of claim 1 in which the identifier is associated with an aspect of the commercial transaction.

13. The method of claim 12 in which the aspect of the commercial transaction comprises an identity of a commodity.

14. The method of claim 13 in which the aspect of the commercial transaction comprises a context of the commercial transaction.

15. The method of claim 14 in which the identifier is unique only with respect to the context in which the commercial transaction occurs.

16. The method of claim 15 in which the context of the commercial transaction comprises a physical location.

17. The method of claim 15 in which the context of the commercial transaction comprises an identity of a vendor of a commodity.

18. The method of claim 1 in which displaying includes advertising a product or service, the advertising including a credit-only account identifier that is associated with making payment for the product or service.

20. The method of claim 1 or 19 including forwarding individual or aggregated identifiers to others to use, any of the identifiers alone being sufficient to enable a deposit to be made to a financial account, any of the identifiers alone being insufficient to enable a debit transaction in the financial account.

21. The method of claim 1 or 19 including aggregating commercial or personal transaction data, which is associated with financial identifiers, any of the identifiers alone being sufficient to enable a deposit to be made to a financial account, any of the identifiers alone being insufficient to enable a debit transaction in the financial account.

22. The method of claim 1 or 19 including forwarding individual or aggregated transaction data to others to use, which is associated with financial identifiers, any of the identifiers alone being sufficient to enable a deposit to be made to a financial account, any of the identifiers alone being insufficient to enable a debit transaction in the financial account.

23. The method of claim 1 or 19 including forwarding transaction data to others to use which was obtained by disassociation of aggregated data where the aggregated data contained financial identifiers, any of the identifiers alone being sufficient to enable a deposit to be made to a financial account, any of the identifiers alone being insufficient to enable a debit transaction in the financial account.

24. The method of claim 1 or 19 including processing payment or fulfillment transactions based on data obtained by disassociation of aggregated data, the aggregated data contained financial identifiers, any of the identifiers alone being sufficient to enable a deposit to be made to a financial account, any of the identifiers alone being insufficient to enable a debit transaction in the financial account.

25. The method of claim 1 or 19 including processing payment or fulfillment transactions based on financial identifiers, any of the identifiers being sufficient to enable a deposit to be made to a financial account, any of the identifiers alone being insufficient to enable a debit transaction in the financial account.

26. The method of claim 1 in which the communication device includes an audio or data telecommunication device.

27. The method of claim 1 in which the communication device includes a computer system.

28. The method of claim 1 in which the communication device includes a video display device.

29. The method of claim 1 in which the communication device includes an image printed on paper, plastic or fabric.

30. The method of claim 1 or 19 including aggregating financial identifiers, any of the identifiers being sufficient to enable a deposit to be made to a financial account, any of the identifiers alone being insufficient to enable a debit transaction in the financial account.

6. The method of claim in which the identifier is made available by a party other than the party with which the financial account is associated.

19. A method comprising

accepting, by a business service, using a communication device, from a party, a request to perform a payment transaction, the request including at least two identifiers, the first identifier being sufficient, through a process, to determine a first financial account general identifier, the general identifier being sufficient to enable a debit transaction to be effected in the first financial account, the second identifier being sufficient, through a process, to determine a second financial account credit-only identifier, the credit-only identifier alone being insufficient to enable a debit transaction to be effected in the second financial account, the business service needing no more than the second credit-only account identifier to determine that the credit-only account identifier relates to a credit-only transaction and is of a type that is recognized and accepted for effecting credit-only transactions in financial accounts maintained by financial institutions for their account holders.

31. The method of claim 19 in which the party comprises a purchaser of goods or services and the payment transaction effects payment for goods or services.

32. The method of claim 19 in which the party comprises a payer and the payment transaction effects a transfer of funds.

33. The method of claim 19 in which the request is sent using an electronic communications device.

34. The method of claim 33 in which the communications device includes a cell phone.

35. The method of claim 33 in which the communications device includes a telephone.

36. The method of claim 19 in which the request is sent using an electronic data device.

37. The method of claim 36 in which the data device includes a wireless device.

38. The method of claim 36 in which the data device includes a computer.

39. The method of claim 19 in which the request comprises tones.

40. The method of claim 19 in which the request comprises digital data.

41. The method of claim 19 in which the request comprises voice communications.

42. The method of claim 19 in which the request is sent using a communications network.

43. The method of claim 19 in which the request is sent using a data network.

44. The method of claim 19 in which the request is accepted by a payment processor.

45. The method of claim 19 in which the payment transaction is associated with a commercial transaction.

46. The method of claim 19 in which the payment transaction is associated with a private transaction.

47. The method of claim 19 in which the first identifier comprises a string of characters.

48. The method of claim 19 in which the first identifier is determined from an Internet cookie.

49. The method of claim 19 in which the first identifier is determined from a telephone number.

50. The method of claim 49 in which the telephone number is determined using caller ID.

51. The method of claim 19 in which the first identifier is determined from a device registration number.

52. The method of claim 19 in which the first identifier is persistent through concatenation of a time code.

53. The method of claim 19 in which the process used to translate a first identifier into a financial account general identifier is a table lookup.

54. The method of claim 19 in which the first financial account general identifier is associated with a securely selected shipment address.

55. The method of claim 19 in which the process used to translate a second identifier into a financial account credit identifier is specified by the value of the identifier itself.

56. The method of claim 55 in which the process specified by one or more values of the second identifier includes the use of the spatial coordinates of the purchase location to generate a financial identifier.

57. The method of claim 55 in which the process specified by one or more values of the second identifier includes the use of the time of purchase to generate a financial identifier.

58. The method of claim 55 in which the process specified by one or more values of the second identifier includes the use of a lookup table to generate a financial identifier.

59. The method of claim 19 in which the second financial account credit identifier is associated with an aspect of a commercial transaction.

60. The method of claim 59 in which the aspect of the commercial transaction comprises an identity of a commodity.

61. The method of claim 59 in which the aspect of the commercial transaction comprises a context of the commercial transaction.

62. The method of claim 61 in which the context of the commercial transaction is the physical location at which goods or services are offered for sale.

63. The method of claim 61 in which the context of the commercial transaction is the time at which goods or services are offered for sale.

64. The method of claim 61 in which the context of the commercial transaction comprises an identity of a vendor of goods or services.

65. The method of claim 61 in which the context of the commercial transaction comprises a category of goods or services.

66. The method of claim 19 in which the second financial account credit identifier is associated with an aspect of a private transaction.

67. The method of claim 66 in which the aspect of the private transaction comprises an identity of a payee.

68. The method of claim 67 in which the identity of the payee includes one or more attributes of the payee.

69. The method of claim 67 in which an attribute of the payee is a name.

70. The method of claim 67 in which an attribute of the payee is a date.

71. The method of claim 67 in which an attribute of the payee is a location.

72. The method of claim 67 in which an attribute of the payee is a personal association.

73. The method of claim 66 in which the aspect of the private transaction comprises a context of the private transaction.

74. The method of claim 73 in which the context of the private transaction is the physical location at which a payment is made.

75. The method of claim 73 in which the context of the private transaction is an attribute of the payer.

76. The method of claim 75 in which the attribute of the payer is a date.

77. The method of claim 75 in which the attribute of the payer is a location.

78. The method of claim 75 in which the attribute of the payer is an association or affiliation.

79. The method of claim 19 in which the second identifier comprises a string of characters.

80. The method of claim 79 in which the string of characters is a phone number.

81. The method of claim 79 in which the string of characters is a social security number.

82. The method of claim 79 in which the string of characters is an e-mail address.

83. The method of claim 79 in which the string of characters is a person'"'"'s name.

84. The method of claim 79 in which the string of characters is a mailing address.

85. The method of claim 79 in which the string of characters is an affiliation group.

86. The method of claim 79 in which the string of characters is a concatenation of identifiers.

87. The method of claim 19 in which financial accounts are maintained by a bank.

88. The method of claim 87 in which the financial account holder is a merchant.

89. The method of claim 87 in which the financial account holder is an individual.

90. The method of claim 87 in which the financial account holder is a charity.

91. The method of claim 87 in which the financial account holder is a business.

92. The method of claim 87 in which the financial account holder is a bank.

93. The method of claim 19 in which the accepting communication device includes an audio or data telecommunication device.

94. The method of claim 19 in which the accepting communication device includes a computer system.

95. The method of claim 19 in which the accepting communication device includes a video display device.

96. The method of claim 19 in which the accepting communication device interprets an image printed on paper, plastic or fabric.