Loadable debit card system and method

• US 20030212796A1
• Filed: 02/24/2003
• Published: 11/13/2003
• Est. Priority Date: 02/23/2002
• Status: Abandoned Application

• Current Assignee: Wow Technologies, Inc.
• Original Assignee: Wow Technologies, Inc.
• Inventors: Willard, Rick L.
• Application Number:
  US10/374,737
• Publication Number:
  US 20030212796A1
• Time in Patent Office: Days
• US Class Current: 709/227
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/18 involving self-service terminals [SST], vending machines, kiosks or multimedia terminals
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/363 with the personal data of a user
• CPC Class Codes: G07F 7/0866 by active credit-cards adapted therefor G07F7/1008 takes precedence

Abstract

The present invention allows a customer to load money in real-time through existing technology over the existing ATM/debit network by way of a debit return with a PIN (or debit correction/reversal using a specific transaction code). Money may then be loaded in real-time on an anonymous stored value/debit/ATM/multi-purpose/private transaction PIN-based card. Loading of money on a card or cards with or without the same account numbers is also provided for.

Claims

1. A computer implemented method of real-time anonymous loading and activating a loadable debit card account, the method comprising:

obtaining a card load request comprising merchant security information, a loadable debit card account identifier and a load amount from a point of sale device;

verifying said merchant security information at a card managing server;

if said merchant security information is verified, updating the loadable debit card account with said load amount;

after updating the loadable debit card account, obtaining an activation request comprising activation information and a new card PIN;

verifying said activation information; and

if said activation information is verified, activating the loadable debit card account.

2. The method of claim 1 wherein said merchant security information comprises a point of sale device identifier.

3. The method of claim 1 wherein said merchant security information comprises a merchant PIN.

4. The method of claim 1 wherein said activation information comprises a security code.

5. The method of claim 1 wherein said activation information is verified by matching said security code with a security code corresponding to said loadable debit card account.

6. The method of claim 1 wherein said activation information comprises a consumer identifying information.

7. The method of claim 1 wherein said activation information is obtained from an interactive voice recognition unit.

8. A computer readable medium containing computer executable instructions for performing the method of any of claims 1 to 7.

9. A computing apparatus having a processor and a memory having computer executable instructions for performing the method of any of claims 1 to 7.