Proxy card providing indirect funds access
AssigneeEnpulz, LLC
InventorJames D. Bennett
Life of this patent
Estimating the term…
Abstract
A proxy card used at an ATM, or at any vendor store, that has a legacy point of sale unit or at a store with the smart point of sale. In general, it can be used with any vendor and otherwise as any credit or debit card might be used. The point-of sale unit interacts with a multi-source processing system (MSPS) that, instead of servicing a single money source, interacts with more than one of a plurality of monetary sources that may be associated with the proxy card. The money transferred from credit or debit accounts of the user may be either transferred directly or indirectly via a proxy central account associated with the MSPS that a user maintains.
Claims11
A proxy card that supports interaction with a management system comprising:
- an associated proxy card number that is stored within the management system with reference to a first buyer, a first monetary account, and a second monetary account;
- wherein the proxy card has no independent monetary account association, and is configured to support a purchase transaction indirectly with support of the management system according to a transaction rule that defines allocating a purchase amount between the first monetary account and the second monetary account;
- and
- wherein the proxy card supports deactivation via a disassociation with the first monetary account and the second monetary account without having to engage in a monetary account closure.
Dependencies are inferred from the claim text.