Debit purchasing of stored value card for use by and/or delivery to others
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Abstract
A method of issuing a purchase card is provided. The method includes the steps of presenting a purchaser with the opportunity to buy the purchase card, determining whether the purchaser has sufficient funds to pay for the purchase card, creating a purchase card account for a recipient designated by the purchaser, and issuing the purchase card. The purchase card may also be issued in connection with another credit card, for example as a rebate for purchases on the credit card. The purchase card may also be converted to a credit card.
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Citations
55 Claims
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1-19. -19. (canceled)
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20. A computer-implemented method for an issuer to establish a stored value account of a customer, comprising:
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receiving from a customer a request to establish a first account;
determining with a computer processor whether to establish the first account; and
presenting an offer to the customer to establish a second account, wherein the second account is a stored value account, and the stored value account comprises account information stored in a database, wherein the account information comprises;
a) an account number of the stored value account; and
b) a funding value of the stored value account. - View Dependent Claims (21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36)
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37. A system for an issuer to establish a stored value card account of a customer, comprising:
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means for receiving from a customer a request to establish a first account;
means for determining with a computer processor whether to establish the first account; and
means for presenting an offer to the customer to establish a second account, wherein the second account is a stored value card account, and the stored value card account comprises account information stored in a database, wherein the account information comprises;
a) an account number of a stored value card; and
b) a funding value of the stored value card. - View Dependent Claims (38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53)
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54. A computer-implemented method for an issuer to establish a stored value card account of an offeree, comprising:
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presenting an offeree with an offer to establish a credit card account;
receiving personal information of the offeree, wherein the personal information comprises at least one of a name, an address, a credit card number, a social security number, a telephone number, and information indicating the age of the offeree;
determining using a computer processor whether to establish the credit card account based on a credit rating of the offeree;
denying the request based on the determining action;
creating in a database a stored value card account associated with the offeree, wherein the stored value card account comprises information of;
a) an account number of a stored value card; and
b) a funding value of the stored value card; and
after denying the request, activating the stored value card account.
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55. A system for an issuer to establish a stored value card account of an offeree, comprising:
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an output device that delivers an offer to establish a credit card account to an offeree;
an input device that receives personal information of the offeree, wherein the personal information comprises at least one of a name, an address, a credit card number, a social security number, a telephone number, and information indicating the age of the offeree;
a credit decisioning module that determines whether to deny the request based on credit rating information of the offeree;
a data storage module that creates in a database a stored value card account associated with the offeree, wherein the stored value card account comprises information of;
a) an account number of a stored value card; and
b) a funding value of the stored value card; and
an activation module that activates the stored value card account after the request is denied;
a fund loading module that adds funds to the stored value card account based on at least one of a purchase at a retail location and a loading of funds at a retail location.
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Specification