System and method for transponder-enabled account transactions

摘要

A transponder-initiated transaction system is electromagnetically coupled to an account transponder device at the point of sale. The account transponder device may be embedded within a watch, key chain or other personal article for convenience or affinity. The transponder device may communicate account information to an RF-enabled point of sale device, enabling transactions to take place without resort to remote data processing facilities. In other embodiments partial or complete account information may be accessed or stored at co-located or remote sources. New account registrants may access a Web site to enter a transponder ID and activate a new account, which may be a credit account, debit account, cash account, special purpose vending account, or other types of accounts.

主权项

1. A computer implemented system for authorizing transponder-enabled transactions, comprising:
a transaction server comprising a memory that stores an account table and is communicatively linked to a point of sale device, wherein the account table comprises financial account information relating to a financial account and the point of sale device is associated with a merchant; a transponder, that is provided to a user and is configured for inclusion in or on a wireless communications device that communicates independently of the transponder, that emits transponder identification information, linked to the financial account information, and that is capable of being received by a transponder information identification receiver that is coupled to the point of sale device, and the transponder identification information is emitted from the transponder upon presentation of the transponder with a transaction presented at the point of sale device; wherein further the received transponder identification information is communicated to the point of sale device, and subsequently transmitted to the transaction server along with a payment amount for the transaction, the transmission occurring via the communications link, and the transaction server providing a validation for the transaction, allowing the transaction to be completed, based upon the validation; wherein the transaction server and the account table are associated with an issuing bank and a transaction network; and a registration server communicatively coupled with at least the account table and at least one client workstation; wherein the registration server receives the financial account information and the transponder identification information from the client workstation, and links the financial account information and the transponder identification information in a database, and stores the linked information in the database for subsequent processing of transactions.