US 2014/0279471 A1Published application

Single payment card for flexible payment vehicle options for a transaction

AssigneeBank of America Corporation

InventorsTony England, Scott Lee Harkey, Matthew A. Calman

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Abstract

Embodiments of the invention are directed to a system, method, or computer program product for providing a customer with a single transaction card that is tied to the customer's available payment vehicles. As such, the single transaction card may be utilized by the customer to complete a transaction with a merchant. Subsequently, based on customer rules or customer selection, the invention may direct the transaction to the selected payment vehicle. Rules include any preferences that a customer may input that allows the invention to automatically apply a single transaction card transaction to a payment vehicle. As such, rules may be trigged for a specific merchant, a specific transaction amount, a specific location, and/or the like. If a rule is triggered by a transaction made with the single transaction card, the triggered transaction will be automatically applied to the payment vehicle tied to that rule.

Claims21

Dependent claims

A system for a single transaction card associated with one or more payment vehicles to complete a transaction, the system comprising:

a memory device with computer-readable program code stored thereon;
a communication device;
a processing device operatively coupled to the memory device and the communication device, wherein the processing device is configured to execute the computer-readable program code to:
provide a single transaction card to a customer, wherein the single transaction card acts like a payment card and is associated with one or more payment vehicles available to the customer;
determine one or more payment vehicles available to the customer and associated the one or more payment vehicles with the single transaction card;
provide rules engine for customer rules input, wherein the inputted rules determine a selected payment vehicle for a transaction based on a rules triggering event;
receive indication of a transaction between the customer and a merchant, wherein the single transaction card was utilized in the transaction;
receive transaction details associated with the transaction between the customer and the merchant, wherein transaction details include merchant type, merchant location, merchant name, products of the transaction, and total purchase amount;
detect, based at least in part on the transaction details, if the transaction triggered a rules triggering event;
identify rule associated with the rule triggering event, wherein identifying the rule is based at least in part on detecting the transaction triggered the rules triggering event;
identify the selected payment vehicle associated with the rule associated with the rules triggering event;
and
apply, automatically, the selected payment vehicle to the total purchase amount of the transaction.

10 more elements

A computer program product for a single transaction card associated with one or more payment vehicles to complete a transaction, the computer program product comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:

an executable portion configured for providing a single transaction card to a customer, wherein the single transaction card acts like a payment card and is associated with one or more payment vehicles available to the customer;
an executable portion configured for determining one or more payment vehicles available to the customer and associated the one or more payment vehicles with the single transaction card;
an executable portion configured for providing rules engine for customer rules input, wherein the inputted rules determine a selected payment vehicle for a transaction based on a rules triggering event;
an executable portion configured for receiving indication of a transaction between the customer and a merchant, wherein the single transaction card was utilized in the transaction;
an executable portion configured for receiving transaction details associated with the transaction between the customer and the merchant, wherein transaction details include merchant type, merchant location, merchant name, products of the transaction, and total purchase amount;
an executable portion configured for detecting, based at least in part on the transaction details, if the transaction triggered a rules triggering event;
an executable portion configured for identifying rule associated with the rule triggering event, wherein identifying the rule is based at least in part on detecting the transaction triggered the rules triggering event;
an executable portion configured for identifying the selected payment vehicle associated with the rule associated with the rules triggering event;
and
an executable portion configured for applying, automatically, the selected payment vehicle to the total purchase amount of the transaction.

7 more elements

A computer-implemented method for a single transaction card associated with one or more payment vehicles to complete a transaction, the method comprising:

providing a computing system comprising a computer processing device and a non-transitory computer readable medium, where the computer readable medium comprises configured computer program instruction code, such that when said instruction code is operated by said computer processing device, said computer processing device performs the following operations:
providing a single transaction card to a customer, wherein the single transaction card acts like a payment card and is associated with one or more payment vehicles available to the customer;
determining one or more payment vehicles available to the customer and associated the one or more payment vehicles with the single transaction card;
providing rules engine for customer rules input, wherein the inputted rules determine a selected payment vehicle for a transaction based on a rules triggering event;
receiving indication of a transaction between the customer and a merchant, wherein the single transaction card was utilized in the transaction;
receiving transaction details associated with the transaction between the customer and the merchant, wherein transaction details include merchant type, merchant location, merchant name, products of the transaction, and total purchase amount;
detecting, via a computer processing device, based at least in part on the transaction details, if the transaction triggered a rules triggering event;
identifying rule associated with the rule triggering event, wherein identifying the rule is based at least in part on detecting the transaction triggered the rules triggering event;
identifying the selected payment vehicle associated with the rule associated with the rules triggering event;
and
applying, automatically, the selected payment vehicle to the total purchase amount of the transaction.

8 more elements

Dependencies are inferred from the claim text.

Facts

Application: 13/827,665Filed 14 Mar 2013
Published: 18 Sep 2014
Term ends: Not estimatedThe source records don’t support an estimate.

Classification3 codes

G06Q 20/3572
Cards having a plurality of specified features: multiple accounts on card
G06Q 20/405
Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check…:…
G06Q
Information and communication technology [ict] specially adapted for administrative, commercial, financial, managerial

Family

US 9,514,456 B2Related patent
US 2014/0279471 A1This patent

From the US filing history. Foreign family members aren’t listed.

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