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.
Claims30
A method for conducting a split-payment transaction between a customer and a merchant having a point-of-sale (POS) device, comprising:
- transmitting, via a near-field communication (NFC) interface, payment initiation data including an identifier associated with a plurality of monetary accounts to the POS device;
- receiving, from the POS device, transaction details including at least a transaction amount for a purchase transaction;
- allocating the transaction amount across the plurality of monetary accounts associated with the identifier;
- and
- transmitting, via the NFC interface, at least one authorization request to the POS device to initiate payment using the plurality of accounts according to the allocation.
A method performed by merchant operating a point-of-sale (POS) device for conducting a split-payment transaction between a customer and the merchant, the method comprising:
- receiving, via a near-field communication (NFC) interface, payment initiation data including an identifier associated with a plurality of monetary accounts;
- transmitting, via the NFC interface, transaction details including at least a transaction amount for a purchase transaction;
- and
- receiving, via the NFC interface, at least one authorization request to initiate payment using the plurality of monetary accounts according to an allocation of the transaction amount across the plurality of monetary accounts associated with the identifier.
A computer-implemented method for processing an online purchase transaction by a server of a merchant, comprising:
- receiving, via the Internet from a first buyer, an identifier associated with the first buyer and with a plurality of independent monetary accounts of the first buyer, transaction details for an online purchase including a transaction amount, and allocation data specifying how the transaction amount is to be allocated among the plurality of independent monetary accounts;
- in response to receiving the identifier, identifying the plurality of independent monetary accounts associated with the first buyer;
- and
- initiating, by the server and via Internet communication, payment authorization for the online purchase transaction in accordance with the allocation data by communicating with at least one payment processing system associated with the plurality of independent monetary accounts.
Dependencies are inferred from the claim text.