Method and system for performing purchase and other transactions using tokens with multiple chips
US10282536B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Feb 23, 2011 |
| Grant date | May 7, 2019 |
| Priority date | — |
| Expiry date | Feb 6, 2033 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F17/42
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An embodiment of the present invention is directed to devices with multiple chips for facilitating small purchase transactions through a stored value account while also permitting other transactions through a network as directed by the user. According to an embodiment of the present invention, a method and system for performing at least one transaction may involve identifying a token used to perform a transaction wherein the token is read at a reader associated with a service provider, the token comprising at least two chips, a first chip associated with a first protocol accessing a local system and a second chip associated with a second protocol accessing a central controller via a network; identifying an appropriate protocol for the transaction; routing the transaction to the appropriate protocol; identifying at least one account for funding the transaction; authenticating the transaction; and funding the transaction through the at least one account.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.