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 20070022047, Payment program for use in point-of-sale transactions.

1. A method of enrolling a customer in a merchant payment program, comprising: (a) providing by the customer account information while at a point of sale; and (b) associating by the merchant a unique identification number with the account information such that the customer may pay for goods purchased from the merchant via an ACH transaction from the account prior to the customer leaving the point of sale.

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

3. The method of claim 2 wherein the performance of steps (a) and (b) in the check-out lane does not adversely affect the quality of service for other customers waiting in the check-out lane.

4. The method of claim 1 wherein the performance of steps (a) and (b) at the point of sale occurs in less than about 1 minute; 45 seconds, 30 seconds, 15 seconds.

5. The method of claim 1 wherein the unique identification number is generated and provided by the customer.

6. The method of claim 5 wherein the unique identification number comprises the customer's telephone number, date of birth, or both.

7. The method of claim 1 wherein the unique identification number is a unique card number provided by the merchant.

8. The method of claim 1 further comprising associating a security code provided by the customer with authorization for the payment of goods purchased from the merchant.

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

10. The method of claim 1 further comprising verifying by the merchant the validity of the account information provided by the customer.

11. The method of claim 1 further comprising cross-checking the identity of the customer against a list of prohibited customers.

12. 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.

13. The method of claim 12 further comprising providing the customer with a loyalty card having a unique card number and associating by the merchant the unique card number with the account information such that the customer may conduct business with the merchant via an ACH transaction from the account by using the unique identification number, the unique card number, or both.

14. The method of claim 1 wherein the customer may purchase goods via the unique identification number with one or more merchants in addition to the enrolling merchant.

15. The method of claim 13 wherein the customer may purchase goods via the unique identification number, the unique card number, or both with one or more merchants in addition to the enrolling merchant.

16. The method of claim 15 wherein at least one of the other merchants provide the customer with an additional unique card number associated with a savings program of the other merchant and the additional unique card number is associated with the account information such that the customer may purchase goods with the other merchant via an ACH transaction from the account by using at least one of the unique identification number, the unique card number, the additional unique card number, or combinations thereof.

17. The method of claim 16 wherein the purchasing of goods by the customer with the enrolling merchant or one or more other merchants accumulate savings from one or both of such merchants in accordance with the respective savings program.

18. The method of claim 1 further comprising presenting electronically to the customer at a point of sale terms and conditions of the savings program; and accepting electronically by the customer at the point of sale the terms and conditions of the savings program.

19. The method of claim 18 wherein the presenting and accepting are via a pinpad.

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

21. 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.

22. The method of claim 21 wherein the separate accounts comprise accounts from different financial institutions.

23. The method of claim 21 wherein the separate accounts comprise a savings account, a checking account, a line of credit, a credit card account, or combinations thereof.

24. The method of claim 23 wherein the line of credit or credit card account is from the merchant.

25. The method of claim 1 further comprising providing one or more additional unique identification numbers corresponding to one or more additional users authorized by the customer and associating the one or more additional unique identification numbers with the account information such that the additional authorized users may likewise purchase goods from the merchant.

Brief Patent Description - Full Patent Description - Patent Claims

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Industry Class:
Data processing: financial, business practice, management, or cost/price determination

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