Transaction device and processing system

US9111269B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• James G. Ronca · Decatur, US
• Mark D. Zanzot · Huntersville, US
• Christopher R. Griggs · Hickory, US
• Lisa Gibson · Newnan, US

Key dates

• Filing date: Sep 23, 2011
• Grant date: Aug 18, 2015
• Expiry date: Mar 15, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/3278
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

According to some embodiments, a transaction device for performing a transaction between a customer and a merchant comprises an account selection engine and a communication link. The account selection engine operable to receive information identifying at least one characteristic of a proposed transaction, identify a plurality of accounts associated with the customer, and select a first account from among the plurality of accounts based on the at least one characteristic. The communication link is operable to transmit identification of the first account to a point of sale interface of a transaction device, the point of sale interface operable to transmit a transaction request to a point of sale receiver associated with the merchant, the transaction request comprising an account number associated with the first account.