Systems for processing transponder-based transactions

Details Systems for processing transponder-based transactions Systems for processing transponder-based transactions

2011-04-12

2011-04-12

Abdi, Kambiz (Department: 3684)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S035000, C705S039000, C705S045000

Reexamination Certificate

active

07925576

ABSTRACT:
The present invention includes transaction processing systems that process transactions from merchant systems designed to convert the presentation of a transponder device into electronic debits from a checking account. The transaction processing systems also can provide risk assessment, validation or user data and/or MICR data, and/or transaction guarantee services.

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