SYSTEMS, METHODS, AND DEVICES FOR SELLING TRANSACTION ACCOUNTS
First Claim
1. A method for facilitating distribution of a transaction account through a distributor, the method comprising the steps of:
- issuing a transaction account to the distributor; and
receiving information from the distributor via a MICR protocol, wherein said information reports the distribution of said transaction account.
3 Assignments
0 Petitions
Accused Products
Abstract
Systems and methods are configured to facilitate the distribution of transaction accounts through distributors. An exemplary method includes the steps of: issuing a transaction account to a distributor, receiving information from the distributor via the MICR protocol used by the banking and financial services industries, wherein the information reports the distribution of the transaction account, and processing the information via a Travelers Cheque infrastructure. The transaction account may be a pre-paid card and the distributor may be a seller of pre-paid cards. Distribution of the transaction account may be facilitated by use of a sequential number, such as a Travelers Cheque number. Thus, the system may be configured to be compatible with existing Travelers Cheque communication systems already in place. Furthermore, a financial transaction device may include a card that bears a serialized number, such as a Travelers Cheque number, in a manner that can be read by MICR technology.
45 Citations
22 Claims
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1. A method for facilitating distribution of a transaction account through a distributor, the method comprising the steps of:
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issuing a transaction account to the distributor; and
receiving information from the distributor via a MICR protocol, wherein said information reports the distribution of said transaction account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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- 12. A transaction account distribution device for facilitating the distribution of a card by a distributor, said transaction account distribution device comprising a card, wherein said card is also associated with a first number that is configured for communication in MICR protocol.
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16. A transaction account distribution device for facilitating the distribution of a card by a distributor, said transaction account distribution device comprising a card, wherein said card is also associated with a first number that is configured for processing by a Travelers Cheque infrastructure.
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17. A system for facilitating distribution of a transaction account through a third party distributor comprising:
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a transaction account issuing system configured to issue the transaction account to a distributor;
a distributor system configured distribute the transaction account and to communicate with the transaction account issuing system via a MICR protocol, wherein said communication provides information relating to the distribution of the transaction account. - View Dependent Claims (18, 19, 20)
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21. A system for facilitating distribution of a transaction account through a distributor comprising:
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a transaction account issuing system configured to consign the transaction account to a distributor; and
a distributor system configured distribute the transaction account and to communicate with the transaction account issuing system via a pre-established financial infrastructure.
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22. A method for facilitating distribution of a transaction account through a distributor, the method comprising the steps of:
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consigning a transaction account to the distributor; and
receiving information from the distributor and processing said information via a Travelers Cheque infrastructure, wherein said information reports the distribution of said transaction account.
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Specification