Multiple accounts and purposes card method and system

• US 20020174016A1
• Filed: 04/02/2002
• Published: 11/21/2002
• Est. Priority Date: 06/16/1997
• Status: Abandoned Application

• Current Assignee: Vincent Cuervo
• Original Assignee: Vincent Cuervo
• Inventors: Cuervo, Vincent
• Application Number:
  US10/114,522
• Publication Number:
  US 20020174016A1
• Time in Patent Office: Days
• US Class Current: 705/16
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/023 the neutral party being a clearing house
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/342 Cards defining paid or billed services or quantities
• CPC Class Codes: G06Q 20/387 Payment using discounts or coupons relating to marketing G06Q30/02
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G07F 17/42 for ticket printing or like apparatus , e.g. apparatus for dispensing of printed paper tickets or payment cards
• CPC Class Codes: G07F 19/20 Automatic teller machines [ATMs]
• CPC Class Codes: G07F 19/203 Dispensing operations within ATMs dispensing in general G07D11/00
• CPC Class Codes: G07F 7/025 by means, e.g. cards, providing billing information at the time of purchase, e.g. identification of seller or purchaser, quantity of goods delivered or to be delivered

Abstract

An invention relating to a multiple accounts and purposes single card with a choice to be used in one or as combination of operative different accounts available, as a prepaid debit, a bank, an ATM, a “Smart Card”, a Stored Value, a Gift, a Check, a Cash, a Debit or a Credit card. One versatile rechargeable card to be sold, purchased, replaceable if lost, activated and issued carrying any, some or all of the above features.

It differs from any other presently available cards, for adding to their present tracking information. As a credit card, or a Gift card, or purchaser may ad the prepaid debit card feature for a child in college at a remote city or country, adding control of the expenditures of the user, while using the same serial identifying or link number card in a different function(s) like including electronic mail or wireless telephone service, notification of timely usage of the card, amount charged and where was used. Another practical use involves the distribution to traveling salespersons authorizing geographical specific use, allowing others the use of same functions or others in the card in a different area.

A card loaded with different available features and functions able to be purchase using cash, or with charges to any other bankcard, checking or savings account as a deposit, an allowance, rebate, gift or reward. A card capable of money transfers, funds card-to-card, person-to-person through ATMs, POS, online, offline, or through wireless services.

Claims

1. A method and system for the sale, dispensing or delivering validating and activating a multiple accounts and purposes versatile single card, credit or debit card, the magnetic-only variety cards and or the “

Smart”

cards-wallet-size electronic payment cards with embedded microchips, with or without an attached or associated bank savings account opened by the issuing bank, comprising;

A) A plurality of computerized terminals as on site point-of-sale (POS), “

Smart”

cards-wallet-size electronic payment cards with embedded microchips or Smart cards readers, and automated teller machines (ATM) located at participating banks, merchant store and service providers, authorized entity or an issuing bank, including first computer means with associated first storage means that further includes input and output means for entering data from merchant, and from purchaser pertaining to him or her, the issuing bank and the particulars of the transaction in said first storage means, said first input means includes a keypad assembly and further including means for funds validation and the use of the card through said input means so that a line of credit is computed by first computer means and storage in said first storage means with a validation signal and a block of data is assembled including the option of a new savings account opening and readiness for transmission;

B) Means for dispensing or delivering an issue a credit or debit card for each transaction, and each of said cards including means for storing a unique identification numbers, personal identification number, login IDs, and/or passwords, said cards being dispensed and or delivered by hand or through computerized terminals and validated only after a first predetermined number of conditions have been met and said validation signal is received from the issuer.

C) A remotely located computerized clearing house assembly, including second computer means, second input and output means for receiving and sending said block of information so that the line of credit, the prepaid stored value amount, or the bank account affixed to the debit card to withdraw from authorization, to the issuer or pre-approved by the issuer is entered for each said unique identification numbers; and

D) network means for connecting said computerized assembly to said clearing house assembly.

2. The system set forth in claim 1, wherein the instructions and data in said second means permit an issuer to offer user to link more than one said identification numbers of said card to one line of credit or loaded stored value, or the check or saving bank account selected and thereby permitting more than one user to simultaneously to access said credit line or storage value, when using the magnetic black stripe variety card or the “

smart”

cards-wallet-size electronic payment cards with embedded microchips at new card readers point of sale new terminals.

3. The system set forth in claim 2 wherein the instructions and data in said second means permit an issuer to affect the line of credit or stored value of the card users upon occurrence of a second predetermined conditions.

4. The system set forth in claim 3 wherein said second predetermined conditions includes processing a versatile variety of features permits the card users to individually or commonly have access through out personal identification numbers, passwords.

5. The system set forth in claim 4 wherein said second predetermined conditions includes the passage of time with unused balances.

6. The system set forth in claim 5 wherein the card users can send and accept deposits and withdrawals to readily affect transfers of funds to remote locations, including foreign countries, and the transfer directly between and among each other debit or credit cards creating the person-to-person payments and transfers through the use of linked debit cards over a network of remotely distributed computerized assemblies.

7. The system set forth in claim 6 wherein includes the use of said cards in predetermined geographic locations.

8. The system set forth in claim 7 wherein said line of credit, store value, prepaid amount, or pre-approved line of credit, is calculated by issuer in one or more pre-selected foreign currencies.

9. The system set forth in claim 8 wherein a predetermined number of incentives are added to said card line of credit or stored value, selectively, upon occurrence of said second number of predetermined conditions.

10. The system set forth in claim 1 wherein said second storage means further includes instructions and data for transmitting to electronic mail addresses, computers, and or wireless services a predetermined amount of information every time a transaction take place involving the card identification number or password.

11. The system set forth in claim 10 wherein said second storage means further includes instructions and data for accepting a third number of predetermined conditions before the said transmissions to said predetermined electronic mail addresses, computer or wireless services occur.

12. The system set forth in claim 11 wherein the instructions and data in said second storage means permits a user to link more than one said identification or password numbers to said card to one line of credit or prepaid stored value thereby permitting more than one user to simultaneously access said credit line or stored value, as well as permitting the use of all, a predetermined number of them, or only one of the versatile variety of features in the card.

13. The system set forth in claim 12 wherein the instructions and data in said second storage means permit the card user to affect all, few, or only one of the variety of features in the card permitting the issuer of said cards to affect the line of credit or stored value upon the occurrence of a second number of predetermined conditions.

14. The system set forth in claim 1 wherein said block of information includes more than one personal identification or password number and a respective set of limitations associated with each of said personal identification or password numbers for the withdrawal or transfer of funds.

15. The system set forth in claim 14 wherein permits the choice of using the said card only as:

as a credit card;

as a debit card with a checking or savings account linked;

as a prepaid debit card with no previous bank association or links;

as a gift card with a limited amount of stored value;

as a Smart Card;

as a bank card;

as an ATM card, or as a Cash card, or using the said card with several of the variety card'"'"'s multiple purpose features available upon occurrence of predetermined conditions.

16. The system set forth in claim 15 wherein said second number of predetermined conditions includes the passage of time with unused balances.

17. The system set forth in claim 16 wherein users can send and receive funds, accept deposits and withdrawals to readily affect transfers of funds to remote locations, including foreign countries, and in one or more pre-selected foreign currencies, and the transfer directly between and among each other debit and credit cards creating the person-to-person payments and or transfers through the use of linked debit or credit cards.

18. The system set forth in claim 17 wherein a predetermined number of incentives are added to said line of credit, selectively, upon the occurrence of said number of predetermined conditions.