Patents by Inventor Philip Binder

Philip Binder has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Method and system for conducting off-line and on-line pre-authorized payment transactions
    Patent number: 7765162
    Abstract: A system and method for conducting a financial transaction using an integrated circuit device issued by a card issuer and capable of conducting off-line and on-line transactions with a payment card network. The method includes utilizing the card for conducting a transaction and reading from the card a pre-authorized balance, a pre-authorized limit, and an account number. The method also includes requesting on-line authorization in the event the value of the transaction is greater than the difference between the pre-authorized limit and the pre-authorized balance. Finally, the method includes receiving authorization to conduct the transaction and updating by the card the pre-authorized balance and the pre-authorized limit, wherein the card issuer, through the integrated circuit device, is able to continually update the pre-authorized limit based on various factors including the transaction and account activity.
    Type: Grant
    Filed: October 7, 2003
    Date of Patent: July 27, 2010
    Assignee: MasterCard International Incorporated
    Inventors: Philip Binder, Adam Gluck
  • Method and system for conducting off-line and on-line pre-authorized payment transactions
    Publication number: 20040230535
    Abstract: A system and method for conducting a financial transaction using an integrated circuit device issued by a card issuer and capable of conducting off-line and on-line transactions with a payment card network. The method includes utilizing the card for conducting a transaction and reading from the card a pre-authorized balance, a pre-authorized limit, and an account number. The method also includes requesting on-line authorization in the event the value of the transaction is greater than the difference between the pre-authorized limit and the pre-authorized balance. Finally, the method includes receiving authorization to conduct the transaction and updating by the card the pre-authorized balance and the pre-authorized limit, wherein the card issuer, through the integrated circuit device, is able to continually update the pre-authorized limit based on various factors including the transaction and account activity.
    Type: Application
    Filed: October 7, 2003
    Publication date: November 18, 2004
    Inventors: Philip Binder, Adam Gluck