System and method for assigning a funding source for a radio frequency identification device

US7249112B2 · kind B2 · utility

Assignee

• American Express Travel Related Services Company, Inc. · US

Inventors

• Michael J. Berardi · North Palm Beach, US
• Michal Bliman · Matawan, US
• David S. Bonalle · New Rochelle, US
• Jennifer Elwood · New York, US
• Matthew C. Hood · Wayne, US
• Susan E. Isenberg · New York, US
• Alexandra Mayers · New York, US
• Trevor J. Perry · West Jordan, US
• Peter D. Saunders · Salt Lake City, US
• Kathryn D. Scheding · New York, US
• Sejal Ajit Shah · New York, US
• Kristin L. VonWald · Bluffdale, US
• John R. Williamson · Jersey City, US

Key dates

• Filing date: Dec 13, 2002
• Grant date: Jul 24, 2007
• Expiry date: Mar 21, 2025

Classification

• Technology area (CPC G): Physics
• CPC primary: G07C9/29
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A transponder-reader payment system includes a RFID reader for interrogating a transponder, and a fob including a transponder which is associated with fob data file funded by one or more funding sources. In exemplary operation, the fob identifying information may be presented to the RFID reader for completion of a transaction request. The transaction request may be provided to a fob issuer system which may process the transaction request in accordance with a funding protocol wherein the transaction request is satisfied according to a fob issuer predefined funding criteria relative to the multiple funding sources.