Selecting a transaction card for a transaction based on characteristics of the transaction
AssigneeCapital One Services, LLC
InventorsAdam Koeppel, James Zarakas
Life of this patent
Estimating the term…
Abstract
An example electronic wallet device may include a plurality of card slots configured to hold transaction cards, each card slot, of the plurality of card slots, including a card reader, and the plurality of card slots holding at least two transaction cards; and one or more processors to receive transaction information associated with a transaction at a transaction terminal, select a transaction card, of the at least two transaction cards based on the received transaction information, and/or provide a transaction token, associated with the selected transaction card to be used in connection with the transaction terminal to process the transaction.
Claims20
An electronic wallet device, comprising:
- a hub,
- a user interface to configure settings for the hub,
- a plurality of card slots configured to hold transaction cards,
- each card slot, of the plurality of card slots, including a card reader, of a plurality of card readers, and
- the plurality of card slots for holding at least two transaction cards;
- a card reader interface communicatively coupled to the plurality of card readers,
- the card reader interface including a switching component to selectively connect the at least two transaction cards received in the plurality of card slots to corresponding card readers,
- the switching component including one or more switches for enabling or disabling access to the corresponding card readers;
- a communication interface for communication between the electronic wallet device and one or more components;
- and
- one or more processors to:
- receive, via the communication interface, transaction information associated with a transaction;
- obtain card information, associated with the at least two transaction cards, including:
- rewards information associated with each of the at least two transaction cards,
- the rewards information including at least one of:
- a rewards category, or
- rewards earning information,
- the at least two transaction cards being held in the electronic wallet device;
- select a transaction card, of the at least two transaction cards, based on the transaction information and the card information,
- the transaction card being selected based upon a scoring system,
- a first transaction card of the at least two transaction cards being selected, as the transaction card, when a first card parameter is weighted more than a second card parameter, or
- a second transaction card of the at least two transaction cards being selected, as the transaction card, when the second card parameter is weighted more than first card parameter;
- and
- provide, via the communication interface, a transaction token, associated with the selected transaction card, to be used in connection with processing the transaction.
A non-transitory computer-readable medium storing instructions, the instructions comprising:
- one or more instructions that, when executed by one or more processors of an electronic wallet device, cause the one or more processors to:
- selectively connect, using a switching component, at least two transaction cards received in a plurality of card slots to corresponding card readers,
- the switching component including one or more switches for enabling or disabling access to the corresponding card readers;
- receive, via a communication interface, transaction information associated with a transaction at a transaction terminal,
- the transaction information including a merchant identifier;
- obtain card information, associated with the at least two transaction cards,
- the at least two transaction cards being positioned within the electronic wallet device,
- the card information including at least one of:
- rewards information associated with each of the at least two transaction cards,
- the rewards information including at least one of:
- a rewards category, or
- rewards earning information, or
- account information;
- select a transaction card, of the at least two transaction cards, based on the transaction information and the card information,
- a first transaction card of the at least two transaction cards being selected, as the transaction card, when the rewards information is weighted more than avoiding transaction fees, or
- a second transaction card of the at least two transaction cards being selected, as the transaction card, when avoiding fees is weighted more than rewards information;
- and
- provide, via the communication interface, a transaction token, associated with the selected transaction card, to be used in connection with processing the transaction.
A method, comprising:
- selectively connecting, by a device and using a switching component, at least two transaction cards received in a plurality of card slots to corresponding card readers,
- the switching component including one or more switches for enabling or disabling access to the corresponding card readers;
- receiving, by the device and via a communication interface, transaction information associated with a transaction at a transaction terminal,
- the transaction information including information indicating a merchant category associated with the transaction;
- obtaining, by the device, card information, associated with the at least two transaction cards,
- the card information including at least one of:
- rewards information associated with each of the at least two transaction cards,
- the rewards information including at least one of:
- a rewards category, or
- rewards earning information, or
- account information;
- selecting, by the device, a transaction card, of the at least two transaction cards, based on the transaction information and the card information,
- a first transaction card of the at least two transaction cards being selected, as the transaction card, when a first card parameter is weighted more than a second card parameter, or
- a second transaction card of the at least two transaction cards being selected, as the transaction card, when the second card parameter is weighted more than first card parameter;
- and
- providing, by the device and via the communication interface, a transaction token, associated with the selected transaction card, to be used in connection with processing the transaction.
Dependencies are inferred from the claim text.