Method of managing prepaid accounts
First Claim
1. A method of managing prepaid accounts, the method comprising:
- establishing a first prepaid account for a first account holder;
placing funds received from the first account holder into the first prepaid account; and
issuing a first virtual account number, the first virtual account number being compatible with a standardized credit transaction system and being limited to use in transactions placed over the Internet and in transactions between the first prepaid account and a second prepaid account.
3 Assignments
0 Petitions
Accused Products
Abstract
A method for managing prepaid accounts. A prepaid account is established for an account holder who deposits funds into the account. A virtual account number is issued for the prepaid account. The virtual account number is compatible with a standardized credit transaction system. Use of the virtual account number is limited to transactions placed over the Internet and to transactions between the prepaid account and another prepaid account. A physical credit card for the prepaid account may also be issued to the account holder. Such a credit card has a card account number which is different than the virtual account number. The card account number is also compatible with the standardized credit transaction system. The card account number may also include use limitations.
-
Citations
30 Claims
-
1. A method of managing prepaid accounts, the method comprising:
-
establishing a first prepaid account for a first account holder;
placing funds received from the first account holder into the first prepaid account; and
issuing a first virtual account number, the first virtual account number being compatible with a standardized credit transaction system and being limited to use in transactions placed over the Internet and in transactions between the first prepaid account and a second prepaid account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
-
-
16. A method of managing prepaid accounts, the method comprising:
-
establishing a first prepaid account for a first account holder;
placing funds received from the first account holder into the first prepaid account;
issuing a first virtual account number, the first virtual account number being compatible with a standardized credit transaction system and being limited to use in transactions placed over the Internet and in transactions between the first prepaid account and a second prepaid account;
issuing a credit card to the first account holder, the credit card having a card account number which is different than the first virtual account number and which is compatible with the standardized credit transaction system; and
accepting a transaction request from the first account holder, the transaction request being submitted from a remote access point. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23, 24)
-
-
25. A method of managing prepaid accounts, the method comprising:
-
establishing a first prepaid account for a first account holder;
placing funds received from the first account holder into the first prepaid account;
issuing a first virtual account number, the first virtual account number being compatible with a standardized credit transaction system and being limited to use in transactions placed over the Internet and in transactions between the first prepaid account and a second prepaid account;
creating one or more prepaid sub-accounts under the first prepaid account;
placing funds received from the first account holder into one or more of the prepaid sub-accounts;
issuing a unique virtual account number for each prepaid sub-account, wherein each unique virtual account number is different than the first virtual account number and is compatible with a standardized credit transaction system; and
issuing a credit card for each prepaid sub-account, each credit card having an unique card account number which is different than the first virtual account number and each unique virtual account number, wherein each unique card account number is compatible with the standardized credit transaction system. - View Dependent Claims (26, 27, 28, 29, 30)
-
Specification