Funding a radio frequency device transaction

Abstract

A transponder-reader payment system includes an RFID reader for interrogating a transponder and an RFID transponder device. The RFID reader receives, from the RFID transponder device, a code that is associated with a first funding source and a second funding source. The RFID reader communicates a request associated with a transaction to a payment processor. The request includes the code and the transaction is funded using the first funding source and the second funding source associated with the code. In one embodiment, the transaction is funded according to a funding account protocol associated with the code.

What is claimed is: 
     
         1 . A method, comprising:
 receiving, at a payment processor, a request for a transaction, the request including a code from a radio frequency (RF) transponder device;   verifying, by the payment processor, the RF transponder device;   authorizing, by the payment processor, use of a first funding source according to a funding account protocol associated with the code;   funding, by the payment processor, the transaction with the first funding source according to the funding account protocol;   authorizing, by the payment processor, use of a second funding source according to the funding account protocol; and   changing, by the payment processor, the funding of the transaction from the first funding source to the second funding source according to the funding account protocol in response to an amount of the transaction exceeding an available value of the first funding source.   
     
     
         2 . The method of  claim 1 , wherein the funding account protocol includes a predetermined formula. 
     
     
         3 . The method of  claim 1 , wherein the funding account protocol involves the first funding source and the second funding source. 
     
     
         4 . The method of  claim 1 , further comprising receiving funds from the second funding source in response to a first funding source value associated with the first funding source being less than a minimum depletion value associated with the first funding source. 
     
     
         5 . The method of  claim 1 , further comprising receiving funds from at least one of the first funding source or the second funding source according to a formula determined at least partially by at least one of: a merchant system, a payment processor system, an RF reader, a transaction processing system, a transponder device user, the RF transponder device, a loyalty points system, a first funding source system, or a second funding source system. 
     
     
         6 . The method of  claim 1 , further comprising receiving funds from at least one of the first funding source or the second funding source in accordance with at least one of: an amount associated with the transaction, a merchant type associated with the transaction, a first funding source value, a second funding source value, or a date of the request. 
     
     
         7 . The method of  claim 1 , wherein the funding account protocol is stored on at least one of: a merchant system, a payment processor system, an RF reader, the RF transponder device, a transaction processing system, a first funding source system, or a second funding source system. 
     
     
         8 . The method of  claim 1 , further comprising receiving a predetermined combination of funds from the first funding source and the second funding source in response to the amount of the transaction exceeding the available value of the first funding source. 
     
     
         9 . The method of  claim 8 , wherein the predetermined combination of funds comprises a percentage of a value of the transaction from the first funding source and a balance of the value of the transaction from the second funding source. 
     
     
         10 . The method of  claim 1 , wherein the transaction is funded by the second funding source in response to the amount of the transaction exceeding the available value of the first funding source. 
     
     
         11 . A non-transitory computer readable medium having instructions stored thereon that, in response to execution by a payment processor, causes the payment processor to perform operations comprising:
 receiving a request for a transaction, the request including a code from a radio frequency (RF) transponder device;   verifying the RF transponder device;   authorizing use of a first funding source according to a funding account protocol associated with the code;   funding the transaction with the first funding source according to the funding account protocol;   authorizing use of a second funding source according to the funding account protocol; and   changing the funding of the transaction from the first funding source to the second funding source according to the funding account protocol in response to an amount of the transaction exceeding an available value of the first funding source.   
     
     
         12 . The non-transitory computer readable medium of  claim 11 , wherein the funding account protocol includes a predetermined formula. 
     
     
         13 . The non-transitory computer readable medium of  claim 11 , wherein the funding account protocol involves the first funding source and the second funding source. 
     
     
         14 . The non-transitory computer readable medium of  claim 11 , further comprising receiving funds from the second funding source in response to a first funding source value associated with the first funding source being less than a minimum depletion value associated with the first funding source. 
     
     
         15 . The non-transitory computer readable medium of  claim 11 , further comprising receiving funds from at least one of the first funding source or the second funding source according to a formula determined at least partially by at least one of: a merchant system, a payment processor system, an RF reader, a transaction processing system, a transponder device user, the RF transponder device, a loyalty points system, a first funding source system, or a second funding source system. 
     
     
         16 . The non-transitory computer readable medium of  claim 11 , further comprising receiving funds from at least one of the first funding source or the second funding source in accordance with at least one of: an amount associated with the transaction, a merchant type associated with the transaction, a first funding source value, a second funding source value, or a date of the request. 
     
     
         17 . The non-transitory computer readable medium of  claim 11 , wherein the funding account protocol is stored on at least one of: a merchant system, a payment processor system, an RF reader, the RF transponder device, a transaction processing system, a first funding source system, or a second funding source system. 
     
     
         18 . An apparatus, comprising:
 a payment processor configured to:
 receive a request for a transaction, the request including a code from a radio frequency (RF) transponder device; 
 verify the RF transponder device; 
 authorize use of a first funding source according to a funding account protocol associated with the code; 
 fund the transaction with the first funding source according to the funding account protocol; 
 authorize use of a second funding source according to the funding account protocol; and 
 change the funding of the transaction from the first funding source to the second funding source according to the funding account protocol in response to an amount of the transaction exceeding an available value of the first funding source.