Registers – Systems controlled by data bearing records – Credit or identification card systems
Reexamination Certificate
2006-09-12
2006-09-12
Le, Thien M. (Department: 2876)
Registers
Systems controlled by data bearing records
Credit or identification card systems
C235S375000, C235S379000, C705S035000, C705S041000, C705S053000
Reexamination Certificate
active
07104443
ABSTRACT:
A method and system for executing electronic funds transactions using a merchant based debit (MBD) card in a merchant-centric system that provides for reduced fees to acquiring merchants and remitting a portion of the collected fees to issuing merchants. The system also preferably provides information sharing on consumer transactions with merchants to facilitate consumer based incentive programs and the like. The system operates over conventional card processing infrastructure and utilizes the ACH network, or equivalent, to settle the transaction from a consumer checking account, or a merchant account in the case of a prepaid MBD card. Using the system, merchants may elect to qualify customers based on their own criterion. A portion of the interchange fee is distributed to the issuing merchant associated transaction executed using the merchant based debit card. Embodiments are described for prepaid, fixed value, programmable, and refillable, forms of merchant based debit cards.
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Hatfield R. Scott
Paul David K.
Debitman Card, Inc.
Koyama Kumiko C.
O'Banion John P.
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