System and method for processing financial transactions
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United States of America Patent
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Aug 4, 2009
Grant Date -
N/A
app pub date -
Feb 17, 2000
filing date -
Feb 19, 1999
priority date (Note) -
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Abstract
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.
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