System and method for processing transactions using a multi-account transactions device
AssigneeJPMorgan Chase Bank, N.A.
InventorsManning R. Field, Walter Brent Reinhard
Life of this patent
Estimating the term…
Abstract
A system and method for processing transactions using a multi-account transaction device. The method comprises the steps of: receiving at least one transaction particular relating to a transaction conducted with a multi-account transaction device; determining at least one first desired account associated with the multi-account transaction device to which the transaction will be posted; posting the transaction to the at least one first desired account; receiving at least one second desired account to which at least a portion of the transaction should be posted; posting the at least a portion of the transaction to the at least one second desired account; and reconciling the at least one first desired account.
Claims6
A multi-account transaction device, comprising:
- a top portion having at least one top portion identifier associated with at least one first account;
- a bottom portion having at least one bottom portion identifier associated with at least one second account;
- a hinge connecting the top portion to the bottom portion,
- wherein the top portion and the second portion are relatively movable between a first position where a first amount of account identifiers are available for initiation to a second position where a second amount of account identifiers are available for initiation;
- and
- wherein the at least one top portion identifier or the at least one bottom portion identifier may be initiated at a point-of-sale terminal to designate at least one initial account to which a transaction amount is to be posted.
Dependencies are inferred from the claim text.