Method and apparatus for a payment card system
OwnerTara Chand Singhalinventor
Life of this patent
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Abstract
A payment card (30) and payment system (12) that can be used by a customer (20) to perform a transaction with a merchant (22) using an existing bankcard (31) of the customer (20). In some of the embodiments, the payment card (30) provides a level of security to the customer (20) because the payment card (30) does not identify the customer (20) by name. Further, the card number and/or expiration date of the bankcard (31) is not disclosed to the merchant (22).
Claims52
A method for facilitating a transaction between a customer and a merchant, the method comprising the steps of:
- transferring to a payment system a request by the customer for the transaction;
- providing information from the payment system to a bankcard authorization network;
- providing a payment to the merchant to pay for the transaction from the bankcard authorization network.
A method for facilitating a transaction between a customer and a merchant, the method comprising the steps of:
- providing a payment card to the customer;
- using the payment card to interact with a payment system, the payment system having information regarding at least one bankcard of the customer;
- transferring to the payment system a request by the customer for the transaction;
- and
- providing a payment to the merchant to pay for the transaction.
A method of storing original information relating to a bankcard, the method comprising the steps of:
- assigning a sequence number to the original information relating to the bankcard;
- transforming the original information relating to the bankcard into equivalent information that is indistinguishable in format to the original information;
- storing the equivalent information anchored with the sequence number.
An apparatus for facilitating a transaction between a customer and a merchant using a bankcard authorization network, the apparatus comprising:
- a storage device;
- a program stored in the storage device;
- and
- a processor connected to the storage device, the processor being operative with the program to receive a request by the customer for the transaction and transfer information to the bankcard authorization network so that the bankcard authorization network provides a payment to the merchant to pay for the transaction.
An apparatus for facilitating a transaction between a customer and a merchant using a bank authorization network, the apparatus comprising:
- a payment card;
- a storage device;
- a program stored in the storage device;
- and
- a processor connected to the storage device, the processor being operative with the program to receive a request by the customer for the transaction and receive information from the payment card regarding a bankcard of the customer.
Dependencies are inferred from the claim text.