Registers – Systems controlled by data bearing records – Banking systems
Reexamination Certificate
2006-04-04
2006-04-04
Lee, Michael G. (Department: 2876)
Registers
Systems controlled by data bearing records
Banking systems
C705S040000
Reexamination Certificate
active
07021530
ABSTRACT:
A system and method for managing and processing stored-value debit, check card, signature debit, PIN based card or automatic teller machine (ATM) cards and bill payment from a variety of access points. Enrollment occurs between a card issuer and a card holder resulting in issuance of the card. When using the card, the cardholder will input the card into an input device. Cardholder information is routed to an initial network and then to the ATM/debit network. The information is then sent to the issuer. The issuer verifies the transaction to the input device and prompts the cardholder with options. For bill payment, the cardholder is provided a list of billers. The cardholder selects the appropriate biller and inputs all necessary information. A transaction is created to debit the cardholder's electronic account and credit the biller's account. This information is then routed to biller and confirmation is provided by the input device.
REFERENCES:
patent: 5754655 (1998-05-01), Hughes et al.
patent: 6078907 (2000-06-01), Lamm
patent: 6349290 (2002-02-01), Horowitz et al.
Evans Michelle
Franklin Jamara A.
Gunn & Lee , P.C.
Lee Michael G.
Payment Data Systems, Inc.
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