Systems for processing transponder-based transactions
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United States of America Patent
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Apr 12, 2011
Grant Date -
Oct 2, 2003
app pub date -
Jun 26, 2002
filing date -
Mar 26, 2002
priority date (Note) -
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Abstract
The present invention includes transaction processing systems that process transactions from merchant systems designed to convert the presentation of a transponder device into electronic debits from a checking account. The transaction processing systems also can provide risk assessment, validation or user data and/or MICR data, and/or transaction guarantee services.
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