System and method for reassociating an account number to another transaction account

• US RE43,157 E1
• Filed: 01/31/2008
• Issued: 02/07/2012
• Est. Priority Date: 09/12/2002
• Status: Active Grant

• Current Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: Xatra Fund MX LLC (Intellectual Ventures LLC)
• Inventors: Armes, David, Neemann, Trey, Bishop, Fred
• Primary Examiner(s): Kim, Ahshik
• Application Number:
  US12/023,834
• Time in Patent Office: 1,468 Days
• Field of Search: 235/379, 235/380, 235/382, 235/382.5, 235/383, 705/35, 705/41, 705/44, 705/68, 705/70, 705/75
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/3676 Balancing accounts
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G07F 7/02 by keys or other credit registering devices
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02
• CPC Class Codes: G07F 7/0833 Card having specific functional components

Abstract

A method and system for converting a first transaction account device to a second transaction account device wherein a card number associated with, or defined as, a first transaction account (e.g., stored value account) is re-associated with, or re-defined as, a second transaction account (e.g., credit card account).

Claims

1. A method for facilitating the re-association of an account number associated with a first transaction account to a second transaction account, comprising the steps of:

providing said second transaction account;

receiving said account number associated with said first transaction account;

and

associating account number with said second transaction account;

wherein said account number is a proxy account number associate associated with a transponder, wherein said proxy account number within a proxy system is configured to associate said proxy account number to more than one transaction account, and wherein said proxy account number is authorized to be used for multiple transactions.

2. The method of claim 1, wherein said account number comprises unchangeable indicia permanently associating said account number with a proxy account number.

3. The method of claim 1, wherein said first transaction account includes at least one of a stored value account, charge card account, loyalty account, phone card account, credit card account, and debit card account.

4. The method of claim 1, wherein said second transaction account includes at least one of a stored value account, charge card account, loyalty account, phone card account, credit card account, and debit card account.

5. The method of claim 1, wherein said account number includes at least one of a number, code, letter, symbol, and biometric.

6. The method of claim 1, wherein said receiving step further includes receiving a PIN.

7. A method for facilitating the re-association of an account number associated with a first transaction account to a second transaction account, comprising the steps of:

providing said second transaction account;

receiving said account number associated with said first transaction account;

and

associating said account number with said second transaction account,

wherein said second transaction account is associated with at least one of a stored value account, charge card account, loyalty account, phone card account, credit card account, and debit card account;

wherein said account number is a proxy account number, wherein said proxy account number within a proxy system is configured to associate said proxy account number to more than one transaction account, and wherein said proxy account number is authorized to be used for multiple transactions.

8. A method for facilitating the re-association of an account code associated with a first transaction account to a second transaction account, comprising:

receiving said account code associated with said first transaction account; and

associating said account code with said second transaction account;

wherein said account code comprises a proxy account code within a proxy system, wherein said proxy account code is configured to associate said proxy account code to more than one transaction account, and wherein said proxy account code is authorized to be used for multiple transactions.

9. The method of claim 8, wherein said account code comprises unchangeable indicia permanently associating said account code with said proxy account code.

10. The method of claim 8, wherein said first transaction account includes at least one of a stored value account, charge card account, loyalty account, phone card account, credit card account, and debit card account.

11. The method of claim 8, wherein said second transaction account includes at least one of a stored value account, charge card account, loyalty account, phone card account, credit card account, and debit card account.

12. The method of claim 8, wherein said account code includes at least one of:

a card number, account number, account identifier, account indicia, letter, symbol, and biometric.

13. The method of claim 8, wherein said receiving of said account code further comprises receiving a PIN.

14. The method of claim 8, wherein said proxy account code is associated with a transponder.

15. A method for facilitating the re-association of an account code associated with a first transaction account to a second transaction account, comprising:

receiving said account code associated with said first transaction account; and

associating said account code with said second transaction account, wherein said second transaction account is associated with at least one of a stored value account, charge card account, loyalty account, phone card account, credit card account, and debit card account;

wherein said account code comprises a proxy account code within a proxy system, wherein said proxy account code is configured to associate said proxy account code to more than one transaction account, and wherein said proxy account code is authorized to be used for multiple transactions.