Proxy card management system
AssigneePaypulz 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.
Claims22
A computer-implemented method for processing an indirect online purchase transaction by a server computer using a proxy identifier associated with a plurality of independent monetary accounts of a user, the method comprising:
- receiving a payment processing request for the indirect online purchase transaction that includes the proxy identifier and a requested transaction amount;
- retrieving, in response to the payment processing request, (i) information identifying the plurality of independent monetary accounts and (ii) one or more allocation rules associated with the proxy identifier;
- selecting, based on the one or more allocation rules associated with the proxy identifier, at least one of the plurality of independent monetary accounts to fund the indirect online purchase transaction and a respective portion of the requested transaction amount for each selected independent monetary account;
- initiating, for each selected independent monetary account, a payment for a respective portion of the requested transaction amount from that independent monetary account;
- obtaining authorization information from respective payment processing systems associated with each selected independent monetary account;
- generating, based on the authorization information, a proxy authorization code for the indirect online purchase transaction;
- storing, in memory, mapping data associating the proxy authorization code with respective authorization information corresponding to each selected independent monetary account;
- transmitting respective allocation data of the requested transaction amount to the selected independent monetary accounts;
- and
- transmitting the proxy authorization code in lieu of the respective authorization information corresponding to the selected independent monetary accounts.
Dependencies are inferred from the claim text.