System and method for capturing payments data onto uniquely identified payer-carried chips for periodic upload and download with institutions

摘要

Uniquely identified chips on portable payment devices can categorize customer transactions under universal sets of expenditure categories for household and business use based on certain characteristics of card readers that process payments. The expansive storage on the payment cards allows holders to upload batched transaction data derived from prior payment transactions by interfacing the cards into on-site and off-site ATMs that are linked to their card issuer or financial institution. Similarly, those same cards can use the properly linked ATM to download from the institution categorized payments data onto the storage medium inside the cards. This data would then be transferred through a card reader into the holder's own maintained transaction databases residing in a PC, laptop or other enabling appliance in her possession. To facilitate unique global addressing of card, card readers, and holders themselves, each component of the extended payment network all the way to the payer is identified with a unique global network addresses. This enhances overall security within the economy as well as efficient flow and assignment of categorization labels to payment transactions.