Patent ID: 8600770
Filing Date: 2013-12-03
Classification: G06Q

Abstract:
1. A payment convergence system comprising: a portable storage medium; a primary payment source information stored on said storage medium; at least one secondary payment source information stored on said storage medium; and a convergence information stored on said storage medium, said convergence information comprising instructions readable by a point of sale terminal accessing said storage medium while said storage medium is located at the location of said point of sale terminal, said instructions being used by said point of sale terminal for determining appropriate combination and order of utilization of said primary payment source information and said secondary payment source information to provide a single payment vehicle by communicating electronically through said point of sale terminal with said primary payment source and said at least one secondary payment source, such that payment is obtained by said point of sale terminal by determining at said point of sale terminal a primary payment amount to be collected from said primary payment source and at least one secondary payment amount to be collected from said at least one secondary payment source.