Patents Assigned to FEXCO
  • Patent number: 10354248
    Abstract: A system and method for converting the amount of a transaction at a POS terminal from a local currency used by a merchant to an alternative currency (e.g., the home currency of the card). Card currency data obtained from a financial card is provided to a remote currency conversion system. The POS terminal determines whether a chip card is being used for the transaction, and if it is, card currency data on the card is accessed. The cardholder is provided a choice of completing the transaction using either the local currency or the home currency. On the other hand, if a card with a magnetic stripe is being used for the transaction, card number information on the magnetic stripe is used to determine possible home currencies and receive a selection from the cardholder of one of the possible home currencies or the local currency.
    Type: Grant
    Filed: May 5, 2016
    Date of Patent: July 16, 2019
    Assignee: FEXCO MERCHANT SERVICES UNLIMITED COMPANY
    Inventor: Adrian Gerald Kennedy
  • Publication number: 20190213673
    Abstract: According to one embodiment, a method for performing a money withdrawal transaction includes transmitting a transaction identifier for use by an ATM. The method also includes receiving the transaction identifier from a mobile device of a user, where the mobile device obtains the transaction identifier by capturing machine readable code from the ATM. The method further includes receiving a withdrawal amount from the mobile device along with an identification of an account for use in the withdrawal transaction. The method additionally includes transmitting withdrawal information to a payment service provider to effectuate authorization of a withdrawal of funds from the ATM in an amount equal to the withdrawal amount. The withdrawal information is transmitted from the payment service provider to the ATM and subsequently received therefrom along with a PIN that is input by the user into the ATM. This process mimics existing withdrawal transaction processes of the ATM.
    Type: Application
    Filed: March 14, 2019
    Publication date: July 11, 2019
    Applicants: FEXCO, First Data Corporation
    Inventors: John F. McCarthy, Brian Frey
  • Patent number: 10275827
    Abstract: According to one embodiment, a method for performing a money withdrawal transaction includes transmitting a transaction identifier for use by an ATM. The method also includes receiving the transaction identifier from a mobile device of a user, where the mobile device obtains the transaction identifier by capturing machine readable code from the ATM. The method further includes receiving a withdrawal amount from the mobile device along with an identification of an account for use in the withdrawal transaction. The method additionally includes transmitting withdrawal information to a payment service provider to effectuate authorization of a withdrawal of funds from the ATM in an amount equal to the withdrawal amount. The withdrawal information is transmitted from the payment service provider to the ATM and subsequently received therefrom along with a PIN that is input by the user into the ATM. This process mimics existing withdrawal transaction processes of the ATM.
    Type: Grant
    Filed: March 14, 2013
    Date of Patent: April 30, 2019
    Assignees: FEXCO, First Data Corporation
    Inventors: John F. McCarthy, Brian Frey
  • Publication number: 20160350741
    Abstract: Mobile device transactions are conducted at a POS terminal using gift card infrastructure. When a mobile device transaction is desired, a pre-designated gift card number is used at the POS terminal, which is recognized during gift card processing as assigned for use with mobile transactions and which results in an open invoice message. At the same time, a mobile device reads a QR code displayed at the POS terminal, in order to generate a transaction request. The open invoice message and transaction request are matched and processed at a mobile transaction processing system.
    Type: Application
    Filed: June 1, 2015
    Publication date: December 1, 2016
    Applicant: FEXCO
    Inventor: Paul Reen
  • Publication number: 20160328706
    Abstract: A system and method for converting the amount of a transaction at a POS terminal from a local currency used by a merchant to an alternative currency (e.g., the home currency of the card). Card currency data obtained from a financial card is provided to a remote currency conversion system. The POS terminal determines whether a chip card is being used for the transaction, and if it is, card currency data on the card is accessed. The cardholder is provided a choice of completing the transaction using either the local currency or the home currency. On the other hand, if a card with a magnetic stripe is being used for the transaction, card number information on the magnetic stripe is used to determine possible home currencies and receive a selection from the cardholder of one of the possible home currencies or the local currency.
    Type: Application
    Filed: May 5, 2016
    Publication date: November 10, 2016
    Applicant: FEXCO Merchant Services
    Inventor: Adrian Gerald Kennedy
  • Patent number: 9043237
    Abstract: Embodiments of the invention provide methods and systems for performing a payment transaction. A method for performing a payment transaction may include receiving purchase information from a merchant and associating the purchase information with an identifier. The method may also include transmitting the identifier to the merchant and receiving the identifier from a wireless device of a customer. The wireless device may obtain the identifier by receiving a code from a merchant device and by interpreting the code. The method may additionally include associating the identifier with the purchasing information, determining a payment account associated with the customer, transmitting a request to a payment service provider system to provide funds for the payment transaction, and receiving an authorization from the payment service provider system to provide the funds. The method may additionally include transmitting a confirmation of the authorization to the merchant.
    Type: Grant
    Filed: September 21, 2011
    Date of Patent: May 26, 2015
    Assignee: Fexco Merchant Services
    Inventor: John F. McCarthy
  • Patent number: 8671053
    Abstract: This invention concerns direct currency conversion, that is automatic currency conversion at point of payment for card transactions. In particular it concerns a method for operating equipment associated with a financial transaction. The method includes the steps of: Presenting a card related to a customer's account. Recording a card number from the card. Applying all or part of the card number to a tree structure, and automatically processing that number by the tree one bit at a time to arrive at an end node of the tree coded with information related to the currency of the customer's card account. Determining the currency of the customer's card account. Comparing the currency of the customer's card account with one or more currencies predetermined for the equipment. Where the comparison indicates different currencies, providing direct currency conversion services. In other aspects it concerns the equipment itself, and a method of preparing a tree structure for use by the equipment.
    Type: Grant
    Filed: November 1, 2010
    Date of Patent: March 11, 2014
    Assignee: FEXCO Merchant Services
    Inventors: Denis Cleary, Tim Ring
  • Publication number: 20130073365
    Abstract: Embodiments of the invention provide methods and systems for performing a payment transaction. A method for performing a payment transaction may include receiving purchase information from a merchant and associating the purchase information with an identifier. The method may also include transmitting the identifier to the merchant and receiving the identifier from a wireless device of a customer. The wireless device may obtain the identifier by receiving a code from a merchant device and by interpreting the code. The method may additionally include associating the identifier with the purchasing information, determining a payment account associated with the customer, transmitting a request to a payment service provider system to provide funds for the payment transaction, and receiving an authorization from the payment service provider system to provide the funds. The method may additionally include transmitting a confirmation of the authorization to the merchant.
    Type: Application
    Filed: September 21, 2011
    Publication date: March 21, 2013
    Applicant: FEXCO Merchant Services
    Inventor: John F. McCarthy
  • Publication number: 20120179603
    Abstract: Methods and systems for conducting online payments using a currency other than a base currency of a webpage are described. An indication of a purchaser's currency may be received. A plurality of prices on a webpage in a base currency may be identified. A request for a conversion rate between the base currency of the webpage and the purchaser's currency may be transmitted to a host computer system. The identified plurality of prices on the webpage listed in the base currency may be converted to a plurality of prices in the purchaser's currency using the conversion rate received from the host computer system. Purchase information and an identifier linked to the purchase information may be transmitted to a merchant computer system to conduct the online payment.
    Type: Application
    Filed: January 11, 2011
    Publication date: July 12, 2012
    Applicants: Fexco Merchant Services, First Data Corporation
    Inventors: Brian Frey, Oghie Sheehy
  • Patent number: 7953634
    Abstract: This invention concerns direct currency conversion, that is automatic currency conversion at point of payment for card transactions. In particular it concerns a method for operating equipment associated with a financial transaction. The method includes the steps of: Presenting a card related to a customer's account. Recording a card number from the card. Applying all or part of the card number to a tree structure, and automatically processing that number by the tree one bit at a time to arrive at an end node of the tree coded with information related to the currency of the customer's card account. Determining the currency of the customer's card account. Comparing the currency of the customer's card account with one or more currencies predetermined for the equipment. Where the comparison indicates different currencies, providing direct currency conversion services. In other aspects it concerns the equipment itself, and a method of preparing a tree structure for use by the equipment.
    Type: Grant
    Filed: July 6, 2005
    Date of Patent: May 31, 2011
    Assignee: FEXCO Merchant Services
    Inventors: Denis Cleary, Tim Ring
  • Publication number: 20110047073
    Abstract: This invention concerns direct currency conversion, that is automatic currency conversion at point of payment for card transactions. In particular it concerns a method for operating equipment associated with a financial transaction. The method includes the steps of: Presenting a card related to a customer's account. Recording a card number from the card. Applying all or part of the card number to a tree structure, and automatically processing that number by the tree one bit at a time to arrive at an end node of the tree coded with information related to the currency of the customer's card account. Determining the currency of the customer's card account. Comparing the currency of the customer's card account with one or more currencies predetermined for the equipment. Where the comparison indicates different currencies, providing direct currency conversion services. In other aspects it concerns the equipment itself, and a method of preparing a tree structure for use by the equipment.
    Type: Application
    Filed: November 1, 2010
    Publication date: February 24, 2011
    Applicant: FEXCO LIMITED
    Inventors: Denis Cleary, Tim Ring