RF transaction device

摘要

A RF transaction device is provided, which is operable to store a private label transaction account identifier associated with a private label transaction account. The invention further includes a RF operable reader in communication with a private label transaction processing system. The RF transaction device communicates with the reader to provide the private label transaction account identifier to the transaction processing system. As such, the invention provides a RF transaction device which may be used to complete a transaction using RF frequency in a contactless environment.

主权项

1. A method for facilitating a private label account transaction using data sets stored on a radio frequency transaction device, the method comprising id="REI-00004" date="20150714" the steps ofid="REI-00004" :
providing a radio frequency (RF) transaction device responsive to a radio frequency interrogation signal, saidthe RF transaction device including a database configured for storingto store a data set owned by a private label account provider; receiving, by a service partner, an application for saidthe RF transaction device from a consumer; extracting credit application information from the application for the RF transaction device; communicating the extracted credit application information extracted from said application to a provider of credit services; extracting service partner information from the application; and communicating the extracted service partner information extracted from said application to ato the service partner, wherein saidthe RF transaction device is operableconfigured to provide saidthe data set via radio frequency communication for completion ofto complete a private label transaction, and wherein a portion of saidthe data set facilitates the completion of athe private label transaction.