Pre-paid internet credit card

• US 20040188515A1
• Filed: 03/26/2003
• Published: 09/30/2004
• Est. Priority Date: 03/26/2003
• Status: Abandoned Application

• Current Assignee: Ivan Jimenez
• Original Assignee: Ivan Jimenez
• Inventors: Jimenez, Ivan
• Application Number:
  US10/402,761
• Publication Number:
  US 20040188515A1
• Time in Patent Office: Days
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/342 Cards defining paid or billed services or quantities
• CPC Class Codes: G06Q 20/3433 the counter having monetary units
• CPC Class Codes: G06Q 20/4033 Local solvency checks
• CPC Class Codes: G07F 7/02 by keys or other credit registering devices
• 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
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

Abstract

A card with different credit limits, in US dollars or currency of each country. The card has a bar code on the back that needs to be scratched, before using information that will show will be Pin or ID number, it will also show the name of the company, ID number, and the user can add customer name at the time of purchase (this is optional), expiration date, instructions on how to use the card to make purchases over the internet, if customer needs to add more credit limit to card he may do over the phone or on-line using a credit card or debit card . The cards will be sold at supermarkets, gas stations, pharmacies, train stations, airports, coffee shops. Material to create this card can be plastic, or any resistant material. Magnetic strip may be added by the company who sells the cards.

Claims

1. A pre-paid internet credit card system for making secured purchases over the internet without using personal or corporate credit cards, the system comprising:

a physical card portion, the card portion having a personal identification number (PIN) and expiration date associated therewith and imbedded therein, the physical card portion also having a removable material for temporarily blocking the PIN from optical view;

a predetermined initial credit value, the predetermined initial credit value associated with the PIN;

means for activating the card;

an available credit value, the available credit value based upon the amount of use of the card by a user such that as the more a user uses the card, the less the available credit value remaining on the card; and

means for increasing the available credit value of the card such that the card is useful for making desired purchases over the internet.

2. The prepaid internet credit card of claim 1 further comprising a magnetic strip in which the PIN is imbedded.

3. The prepaid internet credit card of claim 1 in which the card is activated via the internet.

4. The prepaid internet credit card of claim 1 in which the card is activated over the telephone.

5. The prepaid internet credit card of claim 1 in which the card is activated via the internet.

6. The prepaid internet credit card of claim 1 in which the means for increasing the available credit value comprises a central computer with access to the PIN.

7. The prepaid internet credit card of claim 6 in which the available credit value can be increased by payment of cash.

8. The prepaid internet credit card of claim 6 in which the available credit value can be increased by regular credit card payment.

9. The prepaid internet credit card of claim 6 in which the available credit value can be increased by electronic transfer of funds.

10. The prepaid internet credit card of claim 1 in which the removable material can be scratched off by a user upon purchase of the card.