SYSTEM AND METHOD FOR PROCESSING FINANCIAL TRANSACTIONS

SYSTEM AND METHOD FOR PROCESSING FINANCIAL TRANSACTIONS

A network for processing retail sales transactions includes a customer transceiver with a unique customer number, a reader receiving the customer number and sending it to a point-of-sale device where it is combined with transaction information to form a transaction entry. The transaction entry is se...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: GIORDANO, JOSEPH A, TRAVIS, TORY N, GARBARINO, LOUIS C
Format: Patent
Sprache:eng ; fre ; ger
Schlagworte:
CALCULATING
CHECKING-DEVICES
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
REGISTERING THE RECEIPT OF CASH, VALUABLES, OR TOKENS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A network for processing retail sales transactions includes a customer transceiver with a unique customer number, a reader receiving the customer number and sending it to a point-of-sale device where it is combined with transaction information to form a transaction entry. The transaction entry is sent through a merchant computer to a transaction processing system having a customer database. The transaction processing system references an entry in the customer database corresponding to the customer/transmitter ID number and routes the transaction entry to a payment processing system specified in the customer database entry.