Method for depositing funds to a stored value card
First Claim
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1. A method for an SVC processing center to enable a person to deposit and spend money, using an SVC, the method comprising the following steps:
- a. opening an account at a bank;
b. providing opportunities and helpful instructions to the person so that the person can supply correct application data for enrolling in the SVC processing center'"'"'s SVC program;
c. receiving the person'"'"'s application data, and establishing an SVC account for the person;
d. issuing an SVC to the person either directly or through the person'"'"'s employer;
e. activating the person'"'"'s SVC; and
f. updating the person'"'"'s SVC account whenever the person, using his SVC, makes deposits and withdrawals at the bank.
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Abstract
A method for depositing funds to an SVC, issued by an issuer such as a bank, or through an approved agent of the bank. The method enables the SVC cardholders to deposit funds into the account individually or via direct deposit from an employer. Deposits are made at any bank or any ATM, and the funds deposited are available for use by the SVC cardholder.
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Citations
34 Claims
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1. A method for an SVC processing center to enable a person to deposit and spend money, using an SVC, the method comprising the following steps:
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a. opening an account at a bank;
b. providing opportunities and helpful instructions to the person so that the person can supply correct application data for enrolling in the SVC processing center'"'"'s SVC program;
c. receiving the person'"'"'s application data, and establishing an SVC account for the person;
d. issuing an SVC to the person either directly or through the person'"'"'s employer;
e. activating the person'"'"'s SVC; and
f. updating the person'"'"'s SVC account whenever the person, using his SVC, makes deposits and withdrawals at the bank. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. A method for a bank to enable a person to deposit and spend money, using an SVC, the method comprising the following steps:
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a. assisting the person to open an SVC account at the bank;
b. providing information about the person to an SVC processing center;
c. establishing an SVC account for the person at an SVC processing center;
d. issuing an SVC to the person either directly or through the person'"'"'s employer;
e. activating the person'"'"'s SVC; and
f. updating the person'"'"'s SVC account whenever the person, using his SVC, makes deposits and withdrawals at the bank. - View Dependent Claims (19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34)
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Specification