Dual function medical benefits card

A dual-function, monetary technology, used in point-of-sale network systems, data processing applications, payment architecture, etc.

Inactive Publication Date: 2016-08-17
E2INTERACTIVE INC D B A E2INTERACTIVE
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

For example, such a card could be linked to a health savings account, or to the Medicare/Medicaid system...

Method used

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  • Dual function medical benefits card
  • Dual function medical benefits card
  • Dual function medical benefits card

Examples

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Embodiment Construction

[0019] The matters described in detail in this specification are helpful for a comprehensive understanding of various exemplary embodiments disclosed with reference to the accompanying drawings. Accordingly, those of ordinary skill in the art will recognize that various changes and modifications of the exemplary embodiments described herein can be made without departing from the spirit and scope of the invention as claimed. Descriptions of well-known functions and constructions are omitted for clarity and conciseness. Furthermore, as used herein, a singular form may be interpreted as a plural form, and alternatively, any plural term may be interpreted as a singular term.

[0020] refer to figure 1 , a general system 10 that may be used for various transactions related to medical benefit cards, according to some embodiments of the present invention, will now be discussed. System 10 may include a medical benefit card 110, which may include a user name 111, an identifier 112 on...

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PUM

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Abstract

The invention is generally directed to methods of conducting transactions using a dual function card that is transacted amongst a processor in communication with a point of sale: receiving a message including: an indicia of the card and identifiers of goods; identifying a closed loop account and amount, a schedule of eligible goods, and an open loop account and amount; determining eligible goods and a purchase amount; comparing the purchase amount to the amount in the closed loop account, and if the purchase amount is less than or equal to value in the closed loop account, authorizing the transaction. Upon a determination that the purchase amount is less than the amount in the closed loop account, determining if the value in the open loop account is greater than or equal to the deficit, and if so, deducting all value from the closed loop account and the deficit from the open loop account.

Description

Background technique [0001] The present invention generally relates to a medical benefit card that can be used to access funds to pay for eligible goods and / or services. More specifically, the present invention relates to a dual-function medical benefit card that can operate on a closed-loop network with participating merchants to purchase eligible goods and / or services, and can operate on an open-loop network with Purchases of ineligible goods and / or services by non-participating merchants. [0002] In general, insurance companies and healthcare organizations often provide cards with various information that can be used to indicate which goods and / or services are covered by the applicable insurance plan. Such cards can also be used at a point of sale (POS) for the POS to send the transaction to a processor which can determine the level of coverage or coverage (if any) that can be applied to the good and / or service. [0003] Additionally, the card can have an associated acco...

Claims

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Application Information

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IPC IPC(8): G06Q20/20G06Q20/34G06Q50/22
CPCG06Q20/3572G06Q20/204G06Q20/3574
Inventor 罗伯特·斯基巴蒂姆·里查森杰夫·路易斯德温·韦德
Owner E2INTERACTIVE INC D B A E2INTERACTIVE
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