A transponder-reader payment system includes a RFID reader for interrogating a transponder, and a fob including a transponder which is associated with fob data file funded by one or more funding sources. In exemplary operation, the fob identifying information may be presented to the RFID reader for completion of a transaction request. The transaction request may be provided to a fob issuer system which may process the transaction request in accordance with a funding protocol wherein the transaction request is satisfied according to a fob issuer predefined funding criteria relative to the multiple funding sources.

Title
System and method for payment using radio frequency identification in contact and contactless transactions
Application Number
10/318480
Publication Number
20050165695
Application Date
December 13, 2002
Publication Date
July 28, 2005
Inventor
John R Williamson
Jersey City
NJ, US
Kristin L VonWald
South Jordon
UT, US
Sejal Ajit Shah
New York
NY, US
Kathryn D Scheding
New York
NY, US
Peter D Saunders
Salt Lake City
UT, US
Trevor W Perry
North Jordon
UT, US
Alexandra Mayers
New York
NY, US
Susan E Isenberg
New York
NY, US
Matthew C Hood
Wayne
PA, US
Jennifer Anne Elwood
New York
NY, US
David S Bonalle
New Rochele
NY, US
Michal Bliman
Matawan
NJ, US
Michael J Berardi
Ft Lauderdale
FL, US
Agent
One Arizona Center
AZ, US
Snell & Wilmer
AZ, US
IPC
G06F 17/60
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