Systems, methods and apparatus for selecting a payment account for a payment transaction

Patent metadata

Field	Value
Publication number	US-9569768-B2
Application number	US-38986309-A
Country	US
Kind code	B2
Filing date	Feb 20, 2009
Priority date	Feb 20, 2009
Publication date	Feb 14, 2017
Grant date	Feb 14, 2017

Abstract

Systems and methods for selecting a payment account for a payment transaction are provided by certain embodiments of the invention. Data may be collected from a payment device utilized for the transaction, and a plurality of payment accounts may be associated with the payment device. A personal identification number associated with the payment device may be received. At least one of the plurality of payment accounts associated with the payment device may be selected based on a portion of the received personal identification number. The transaction may be facilitated utilizing at least one of the selected payment accounts.

First claim

The claimed invention is:

1. A method for selecting a payment account for completing a payment transaction, the method comprising:
collecting, by a point of sale (POS) terminal, data from a payment device associated with a mobile communication device utilized for the payment transaction;
identify a number of a plurality of payment accounts is associated with the mobile communication device or payment device;
receiving, by the POS terminal, a personal identification number associated with the mobile communication device or payment device;
in response to receiving the personal identification number, identifying, by a processor of the POS terminal, a first portion and a second portion of the received personal identification number;
communicating, by the processor of the POS terminal, the first portion and the second portion to a payment processor external to the POS terminal to conduct a security enhancement of the plurality payment accounts associated with the payment device by using the second portion comprising a two-digit alphanumeric number as a pointer to a matrix list of the plurality of payment accounts, the two-digit alphanumeric number identifies any one of the plurality of payment accounts when the number of plurality of payment accounts exceeds a predetermined number of payment accounts associated with the payment device;
receiving, by the POS terminal, from the payment processor, a message that indicates the payment account is approved or denied for the payment transaction;
in response to receiving the message that indicates the payment account number is approved, facilitating, by the POS terminal, the payment transaction, and
facilitating, by the POS terminal, the payment transaction based at least in part upon communicating, to the payment processor, a second payment account number associated with the stored value account.

2. The method of claim 1 , wherein collecting data from the payment device comprises collecting data via a payment device reader.

3. The method of claim 1 , further comprising:
parsing the personal identification number to identify one or more alphanumeric characters associated with the selected one of the plurality of payment accounts.

4. The method of claim 3 , wherein parsing the personal identification number comprises parsing the personal identification number to determine a first alphanumeric character of the personal identification number, wherein the first alphanumeric character identifies the selected one of the plurality of payment accounts as a desired payment account.

5. The method of claim 1 , wherein the collected data comprises data associated with each of the plurality of payment accounts, and further comprising:
utilizing, by the POS terminal, the portion of the received personal identification number to identify a portion of the collected data associated with the payment account number for the selected one of the plurality of payment accounts.

6. The method of claim 1 , wherein determining a payment account number for a selected one of the plurality of payment accounts comprises:
requesting, by the POS terminal from the payment device based at least in part on the portion of the received personal identification number, the payment account number for the selected one of the plurality of payment accounts; and
receiving, by the POS terminal in response to the request, the payment account number.

7. The method of claim 1 , wherein the selected one of the plurality of payment accounts comprises a credit card account, a debit card account, a checking account, a savings account, or a stored value account.

8. The method of claim 1 , further comprising:
receiving, by the POS terminal, information associated with at least one of adding a payment account to the plurality of payment accounts or deleting a payment account from the plurality of payment accounts; and
communicating, by the POS terminal, at least a portion of the information to the payment device.

9. A point of sale (POS) terminal for processing a payment transaction, the point of sale terminal comprising:
at least one reader;
at least one input device;
at least one communications interface;
at least one memory storing computer-executable instructions; and
at least one processor, wherein the at least one processor is configured to access the at least one memory and to execute the computer-executable instructions to:
obtain, by the at least one reader, account information from a payment instrument associated with a number of a plurality of payment accounts;
receive, by the at least one input device, a personal identification number associated with the payment instrument;
in response to receiving the personal identification number, identifying, by a processor of the POS terminal, a first portion and a second portion of the received personal identification number;
communicating, by the processor of the POS terminal, the first portion and the second portion to a payment processor external to the POS terminal to conduct a security enhancement of the plurality payment accounts associated with the payment device by using the second portion comprising a two-digit alphanumeric number as a pointer to a matrix list of the plurality of payment accounts, the two-digit alphanumeric number identifies any one of the plurality of payment accounts when the number of plurality of payment accounts exceeds a predetermined number of payment accounts associated with the payment device;
receive, by the at least one communications interface, a message that indicates the payment account number is approved or denied for the payment transaction;
in response to receiving the message that indicates the payment account is approved, communicate, by the at least one communications interface, at least the payment account number to the payment processor to complete the payment transaction; and
communicate, by the at least one communications interface to the payment processor to facilitate the payment transaction, a second payment account number associated with the stored value account.

10. The point of sale terminal of claim 9 , wherein the at least one reader comprises a magnetic strip reader, an infrared reader, or a radio frequency identification (RFID) reader.

11. The point of sale terminal of claim 9 , wherein the portion of the personal identification number comprises at least one alphanumeric character of the personal identification number.

12. The point of sale terminal of claim 9 , wherein:
the at least one reader is further operable to request additional account information associated with the selected payment account based at least in part on the portion of the personal identification number and to receive the requested additional information, and
the communications interface is further operable to communicate at least a portion of the received additional account information to complete the payment transaction.

13. The point of sale terminal of claim 9 , wherein:
the communications interface is further operable to receive information associated with adding an account to the plurality of accounts or deleting an account from the plurality of accounts, and
the at least one reader is operable to communicate the received information associated with adding or deleting an account to the payment instrument.

14. The point of sale terminal of claim 9 , wherein the selected one of the plurality of payment accounts comprises a credit card account, a debit card account, a checking account, a savings account, or a stored value account.

15. The method of claim 5 , wherein the portion of the received personal identificati

Assignees

• Kean Brian T
• First Data Corp

Inventors

• Kean Brian T

Classifications

• G06Q40/12

  Accounting · CPC title

• G06Q30/06

  Buying, selling or leasing transactions · CPC title

• G07F7/10

  together with a coded signal {, e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data} · CPC title

• G06Q20/40

  Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists · CPC title

• G06Q20/204

  comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit · CPC title