The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Sep. 18, 2012
Filed:
Apr. 19, 2006
Theodore Vandeburg, Denver, CO (US);
David Baumgartner, Parker, CO (US);
Kevin James, Waynesville, NC (US);
Keith Newbrough, Parker, CO (US);
Theodore VanDeburg, Denver, CO (US);
David Baumgartner, Parker, CO (US);
Kevin James, Waynesville, NC (US);
Keith Newbrough, Parker, CO (US);
First Data Corporation, Greenwood Village, CO (US);
Abstract
System and methods for facilitating the settlement of financial accounts across different entities utilize a host computer system that tracks financial transactions made at each merchant location or store and uses this information to reconcile accounts across different entities. In one embodiment, for redemption transactions that occurred within one of the entities other than where the associated account was activated, the host computer system is configured to prepare a request to transfer a redemption amount to a central account from an entity account associated with where the account was activated, and to prepare a request to transfer less than the redemption amount from the central account to an entity account associated with where the redemption transaction occurred.