Payment program for use in point-of-sale transactions

Title: Payment program for use in point-of-sale transactions

Related Patent Categories: Data Processing: Financial, Business Practice, Management, Or Cost/price Determination, Automated Electrical Financial Or Business Practice Or Management Arrangement, Finance (e.g., Banking, Investment Or Credit), Including Funds Transfer Or Credit Transaction

Brief Patent Description - Full Patent Description - Patent Claims

The Patent Description & Claims data below is from USPTO Patent Application 20070022046, Payment program for use in point-of-sale transactions.

1. A method of paying a merchant for goods purchased by a customer, comprising: (a) providing by the customer at a point of sale data comprising a card-free unique identification number and security code; and (b) associating by the merchant the data with account information previously provided by the customer such that the customer may pay for goods purchased from the merchant via an ACH transaction from the account.

2. The method of claim 1 wherein the data is generated by the customer.

3. The method of claim 1 wherein the card-free unique identification number comprises the customer's telephone number, date of birth, or both.

4. The method of claim 1 wherein the point of sale is a check-out lane.

5. The method of claim 1 wherein the data is provided via a pinpad.

6. The method of claim 1 further comprising verifying by the merchant the identity of the customer.

7. The method of claim 1 further comprising associating by the merchant the unique identification number with a savings program such that the customer may accumulate savings from the merchant in accordance with the savings program.

8. The method of claim 7 wherein at least a portion of the savings are earned on a per transaction basis.

9. The method of claim 8 wherein the customer earns a product discount, a free product, or both upon conducting a predetermined number of transactions.

10. The method of claim 7 wherein at least a portion of the savings are earned on a combined per transaction and product basis.

11. The method of claim 1 wherein the customer may purchase goods via the card-free unique identification number with a plurality of merchants.

12. The method of claim 11 wherein the purchasing of goods by the customer with one or more of the plurality of merchants accumulates savings from the merchants in accordance with a respective savings program.

13. The method of claim 1 wherein the merchant is a grocer.

14. The method of claim 1 wherein the account information identifies two or more separate accounts such that the customer may select the account at time of payment.

15. The method of claim 14 wherein the separate accounts comprise accounts from different financial institutions.

16. The method of claim 14 wherein the separate accounts comprise a savings account, a checking account, a line of credit, a credit card account, or combinations thereof.

17. The method of claim 16 wherein the line of credit or credit card account is from the merchant.

Brief Patent Description - Full Patent Description - Patent Claims

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Previous Patent Application:
Electronic identifier payment systems and methods
Next Patent Application:
Payment program for use in point-of-sale transactions
Industry Class:
Data processing: financial, business practice, management, or cost/price determination

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