Multiple-network system and method for loading, transferring and redeeming value through stored value accounts
First Claim
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1. A system for storing and transferring funds, comprising:
- (a) a first network for electronically transferring funds to and from stored value accounts; and
(b) a second network for electronically transferring funds to and from stored value accounts;
(c) wherein funds can be exchanged between a first account associated with said first network and a second account associated with said second network.
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Abstract
A system and method for loading, transferring and redeeming value whereby two different systems of stored value accounts, one system being on a major network and the second system being on a secondary network, are linked, providing multiple paths to perform critical operations.
78 Citations
1 Claim
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1. A system for storing and transferring funds, comprising:
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(a) a first network for electronically transferring funds to and from stored value accounts; and
(b) a second network for electronically transferring funds to and from stored value accounts;
(c) wherein funds can be exchanged between a first account associated with said first network and a second account associated with said second network.
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Specification