Patent ID: 8261974
Filing Date: 2012-09-11
Classification: G06Q

Abstract:
1. A method of managing a consumer profile, the method comprising: in response to input from a consumer, creating a consumer profile, the consumer profile identifying a plurality of financial accounts suitable for making payments and respectively associated with a plurality of financial institutions and a plurality of loyalty accounts associated respectively with a plurality of merchants; associating a token with the consumer profile; storing the consumer profile in an integrated financial transaction and access system that is independent of the plurality of financial institutions and the plurality of merchants; in response to the consumer initiating a transaction with a first merchant among the plurality of merchants by providing the token to the first merchant: registering the plurality of merchants with the integrated financial transaction and access system; establishing a two-way connection between each registered merchant and the consumer profile to enable each registered merchant to view consumer purchase history information in the consumer profile and to install promotions to the consumer profile, wherein the consumer purchase history information viewable by each registered merchant identifies purchases made by the consumer at at least one competitor of such registered merchant; and with the integrated financial transaction and access system: