Single payment device for multiple payment accounts
AssigneeVisa International Service Association
InventorDanish KAMAAL
Life of this patent
Estimating the term…
Abstract
A payment device including a medium is disclosed. A first programmable chip and a first magnetic stripe are disposed on the medium. The first programmable chip and the first magnetic stripe are associated with a first payment account. A second programmable chip and a second magnetic stripe are disposed on the medium. The second programmable chip and the second magnetic stripe are associated with a second payment account. The first and second programmable chips are programmed separately for each of the first and second payment accounts.
Claims15
A payment device comprising:
- a medium;
- a first programmable chip disposed on the medium;
- a first magnetic stripe disposed on the medium, wherein the first programmable chip and the first magnetic stripe are associated with a first payment account;
- a second programmable chip disposed on the medium;
- and
- a second magnetic stripe disposed on the medium, wherein the second programmable chip and the second magnetic stripe are associated with a second payment account;
- wherein the first and second programmable chips are programmed separately for each of the first and second payment accounts.
A payment device comprising:
- a medium;
- a master programmable chip disposed on the medium;
- a first connector disposed on the medium and electronically connected to and in communication with the master programmable chip, wherein the first connector is associated with a first payment account;
- a second connector disposed on the medium and electronically connected to and in communication with the master programmable chip, wherein the second connector is associated with a second payment account;
- wherein the master programmable chip contains programmed logic that can be accessed by any of the first and second connectors.
A payment transaction system comprising:
- a reader for reading a payment device, the reader being associated with a merchant payment account, wherein the payment device has two or more programmable chips disposed on a medium, each of the programmable chips being associated with a separate user payment account, and wherein one of the programmable chips is selected for use in the payment transaction;
- and
- a payment processing network, wherein the payment processing network:
- transmits a request for payment from the reader to an acquirer associated with the merchant account,
- transmits an authentication request to an issuer associated with the user payment account selected for the transaction,
- transmits payment from the user payment account selected for the transaction to the merchant account, and
- transmits a payment confirmation message to the reader.
Dependencies are inferred from the claim text.