System and method for capturing payments data onto uniquely identified payer-carried chips for periodic upload and download with institutions

A method for assigning to card payment transactions at least one of a plurality of expenditure categories within a universal set of expenditure categories native to a plurality of cardholders, the method comprising the steps of:

• a) capturing card payment transaction records of said cardholders, each of said records containing at least cardholder identity, processing date and time of payment, amount of payment in local currency, and one or more categories selected from said universal set of expenditure categories;
• b) transmitting said card payment transaction records through a communications network to reside in a database;
• c) generating periodic summaries of payments by individual cardholders according to said universal set of expenditure categories;
• and
• d) transmitting said summaries to said cardholders using a plurality of means selected from a group consisting of postal mail, facsimile, wired electronic transmission, wireless transmission, Internet, satellite, cable, PDA, and television set-top box.

A system of transmitting to a financial institution an expenditure category selected from a universal set of expenditure categories native to a plurality of cardholders, wherein said expenditure category is associated with card payment transactions initiated by cardholders who are customers of said financial institution, said system comprising:

• a card means that contains a read-write electronic component selected from a group consisting of a programmable integrated circuit chip and a structural logical arrangement of molecular and atomic structures, wherein said card means stores card payment transactions data made by said cardholders consisting of at least date and time, transaction amount, identity of payee, and a selected expenditure category;
• an electronic means to write onto said card means at least one of said expenditure categories for each of said card payment transactions, whereby said device is selected from a group consisting of a point-of-sale terminal, PC, laptop computer, wearable computer device, personal digital assistant, mobile phone, stationary phone, pager, cable television unit, and consumer appliance;
• an automatic/automated transaction machine means to electronically communicate with a computer server of said financial institution, said machine means being able to perform at least two functions consisting of dispensing currency to said card holders without on-site human intervention by said financial institution, and receiving and accepting expenditure category data previously stored on said card means;
• and
• a computer server means of said financial institution to accept and process payment transaction data generated by said cards, generates summaries of payments according to said universal set of expenditure categories, and delivers said summaries to said card holders using a plurality of means selected from a group consisting of mail, facsimile, wired electronic transmission, wireless transmission, Internet, satellite, cable, PDA, and television;
• and
• a database means of said financial institution that stores said expenditure categories data.

A method for transmitting payment transaction data of cardholders who are customers of a financial institution, the method comprising the steps of:

• a) capturing payment transaction records for storage onto cards with a read-write electronic component selected from a group consisting of a programmable integrated circuit chip and a structural logical arrangement of molecular and atomic structures, each of said records containing at least one of a plurality of data fields selected from a group consisting of cardholder identity, processing date and time of payment, amount of payment in local currency, and one or more categories selected from universal sets of expenditure categories native to a plurality of cardholders;
• b) reading said payment transaction records with an automatic/automated teller machine that is linked to a card network to which said financial institution belongs;
• c) recording said payment transaction records onto a database of said financial institution;
• d) generating periodic summaries of said payment transaction records by individual cardholders according to said universal set of expenditure categories;
• and
• e) transmitting said summaries to said cardholders using a plurality of means selected from a group consisting of postal mail, facsimile, wired electronic transmission, wireless transmission, Internet, satellite, cable, PDA, and television set-top box.

A system of receiving from a financial institution an expenditure category selected from a universal set of expenditure categories native to a plurality of customers, wherein said expenditure category is associated with payment transactions initiated through a plurality of payment channels selected from a group consisting of cash, paper check, electronic check, electronic bill pay and presentment, and automatic debit by customers of said financial institution through their demand deposit accounts, said system comprising:

• a database means of said financial institution that stores said payment transaction data and expenditure categories data;
• an automatic/automated transaction machine means that can electronically communicate with a computer server and said database means of said financial institution holding the demand deposit account of said customer, said machine being able to perform at least two functions consisting of dispensing currency to said card holders without on-site human intervention by said financial institution, and transmitting and writing onto said card means said expenditure category data previously stored in said database means of said financial institution;
• a card means made available by said financial institution to said customers that contains a read-write electronic component selected from a group consisting of a programmable integrated circuit chip and a structural logical arrangement of molecular and atomic structures;
• a card reader means that is able to read and write on said card means;
• a database means maintained by said customer that stores said expenditure category data for transactions processed by said financial institution, whereby said database means resides on electronic devices selected from a group consisting of a PC, laptop computer, wearable computer device, personal digital assistant, mobile phone, stationary phone, pager, cable television unit, and consumer appliance;
• and
• an electronic means to generate a summary of payments made by said customer according to said universal set of expenditure categories derived from said database means maintained by said customer.