Inventors:
Michael J. Berardi - Ft. Lauderdale FL, US
Michal Bliman - Matawan NJ, US
David S. Bonalle - New Rochelle NY, US
Jennifer Anne Elwood - New York NY, US
Matthew C. Hood - Wayne PA, US
Susan E. Isenberg - New York NY, US
Alexandra Mayers - Brooklyn NY, US
Trevor J. Perry - West Jordan UT, US
Peter D. Saunders - Salt Lake City UT, US
Kathryn D. Scheding - New York NY, US
Sejal Ajit Shah - New York NY, US
Kristin L. VonWald - South Jordan UT, US
John R. Williamson - Jersey City NJ, US
Assignee:
Xatra Fund MX, LLC - Wilmington DE
International Classification:
G06F 7/04
US Classification:
340 58, 340 52, 340 101, 235381, 235382, 705 16
Abstract:
A transponder-reader payment system includes a fob including a transponder, and a RFID reader for interrogating the transponder. The system may further include a payment device separate and distinct from the fob, but associated with payment account mutually shared with the fob. In exemplary operation, the fob identifying information, or the payment device information, may be presented to the RFID reader for completion of a transaction request. A process server may receive the transaction request and satisfy the transaction request in accordance with a predetermined payment criteria. The process server may additionally augment a rewards account based on fob or payment device usage, thereby incenting fob usage in one instance and payment device usage in the other.