MITCHELL S SCHECTER
Accountancy in Framingham, MA
License number
Massachusetts 9982
Issued Date
May 6, 1987
Expiration Date
Jun 30, 2010
Type
Certified Public Accountant
Address
Address
Framingham, MA 01701
Professional information
Systems And Methods For Implementing Parking Transactions And Other Financial Transactions
US Patent:
2007026, Nov 22, 2007
Filed:
May 14, 2007
Appl. No.:
11/748384
Inventors:
Robert Nix - Concord MA, US
Mitchell Schecter - Framingham MA, US
Mitchell Schecter - Framingham MA, US
Assignee:
Chockstone, Inc. - Portland OR
International Classification:
G07F 19/00, G06K 5/00, G07B 15/00, G06Q 40/00, G07B 15/02
US Classification:
235379, 235380, 705 39, 705 13, 235384
Abstract:
A payment processing system configured to provide merchant-specific accounts to consumers, such as virtual prepaid parking accounts, that are accessed by payment instruments. In one embodiment, the payment processing system can create and provide a variety of payment methodologies for purchases, such as pay-as-you-go, virtual prepaid, virtual subscription, and post-paid purchases. In some embodiments, the merchant can provide consumers with rewards accounts and opportunities to earn reward points or other loyalty-based currencies through qualifying purchase transactions. The system can also refund merchant-specific accounts for returns or unused portions of prepaid resources. The consumer can access their merchant-specific accounts for purchase payment or refund using a preferred payment instrument, such as a credit or debit card.