Techniques for co-existence of multiple stored value applications on a single payment device managing a shared balance

US7657486B2 · kind B2 · utility

Assignee

• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• Patrik Smets · Nijlen, BE
• Mike Cowen · London, GB

Key dates

• Filing date: Nov 28, 2006
• Grant date: Feb 2, 2010
• Expiry date: Apr 8, 2027

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F7/1008
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method of managing a first stored value application having a first application balance and a second stored value application having a second application balance, can include the steps of facilitating conducting of a first transaction by the first stored value application, and synchronizing the second stored value application with the first stored value application. The synchronization can be substantially contemporaneous with the transaction. The applications can reside on the same portable payment device.