Prepaid card issuing system

• US 20060032911A1
• Filed: 09/24/2004
• Published: 02/16/2006
• Est. Priority Date: 10/07/2002
• Status: Abandoned Application

• Current Assignee: Luis A. Arias
• Original Assignee: Luis A. Arias
• Inventors: Arias, Luis A.
• Application Number:
  US10/949,029
• Publication Number:
  US 20060032911A1
• Time in Patent Office: Days
• US Class Current: 235/381
• CPC Class Codes: G06K 17/0022 arrangements or provisious for transferring data to distant stations, e.g. from a sensing device "transfer between computer elements G06F13/00 "; data-transmission H04L
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G06Q 20/355 Personalisation of cards for use
• CPC Class Codes: G07F 17/42 for ticket printing or like apparatus , e.g. apparatus for dispensing of printed paper tickets or payment cards
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02
• CPC Class Codes: G07F 7/10 together with a coded signal , e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system

Abstract

A prepaid card issuing system that includes a card with identifying indicia associated with a specific entity, such as a store from which products or services can be purchased, and a value such as a financial denomination, disposed thereon. An issuing terminal is also provided and is structured to receive the card, identify the security identifier, and communicate with a remote, control processor that receives the security identifier and defines and communicates to the issuing terminal usage information associated with the security identifier. The issuing terminal is further structured to dispose account information on the card in accordance with said the information so as to permit use of the card for the purchase of products or services, and to retain the card therein during detection of the security identifier, disposition of the account information on the card and printing of an issuance confirmation on the card.

Claims

1. A prepaid card issuing system comprising:

a) a card, said card including identifying indicia thereon associated with a specific entity;

b) an issuing terminal, said issuing terminal structured to receive said card;

c) a remote, control processor communicatively associated with said issuing terminal;

d) a security identifier disposed on said card;

e) said issuing terminal structured to detect said security identifier and communicate said security identifier to said remote control processor;

f) said remote control processor structured to communicate usage information associated with said security identifier to said issuing terminal; and

g) said issuing terminal structured to dispose account information on said card in accordance with said usage information so as to permit use of said card for the purchase of products or services.

2. A prepaid card issuing system as recited in claim 1 wherein said issuing terminal further comprises a printer, said printer structured to print an issuance confirmation on said card so as to provide a visual verification of account information delivery.

3. A prepaid card issuing system as recited in claim 2 wherein said card includes a receipt portion on which said issuance confirmation is printed.

4. A prepaid card issuing system as recited in claim 3 wherein said receipt portion is removable from a remainder of said card.

5. A prepaid card issuing system as recited in claim 2 wherein said issuing terminal is structured to at least partially receive said card and maintain said card therein while detecting said security identifier, printing said issuance confirmation on said card, and disposing said account information on said card so as to ensure that said card is issued in accordance with its corresponding security identifier.

6. A prepaid card issuing system as recited in claim 1 wherein said usage information comprises said account information.

7. A prepaid card issuing system as recited in claim 1 wherein said account information comprises a pin number associated with a specific value, said value limiting a quantity of products or services that may be purchased with said card.

8. A prepaid card issuing system as recited in claim 1 wherein said card includes a magnetic stripe, said issuing terminal structured to dispose said account information on said magnetic stripe.

9. A prepaid card issuing system as recited in claim 1 wherein said issuing terminal is structured to imprint said account information on said card.

10. A prepaid card issuing system as recited in claim 1 wherein said card includes a memory chip, said issuing terminal structured to dispose said account information on said memory chip.

11. A prepaid card issuing system as recited in claim 1 wherein said security identifier is disposed on said card in machine readable form, said issuing terminal including a corresponding reader.

12. A prepaid card issuing system as recited in claim 1 wherein said security identifier is disposed on said card as a bar code, said issuing terminal structured to read said bar code.

13. A prepaid card issuing system as recited in claim 1 wherein said issuing terminal is structured to at least partially receive said card and maintain said card therein while detecting said security identifier and disposing said account number on said card so as to ensure that said card is issued in accordance with its corresponding security identifier.

14. A prepaid card issuing system comprising:

a) a card, said card including identifying indicia thereon associated with a specific entity;

b) an issuing terminal, said issuing terminal structured to receive said card;

c) a remote, control processor communicatively associated with said issuing terminal;

d) a security identifier disposed on said card;

e) said issuing terminal structured to detect said security identifier and communicate said security identifier to said remote control processor;

f) said remote control processor structured to communicate usage information associated with said security identifier to said issuing terminal;

g) said issuing terminal structured to dispose account information on said card in accordance with said usage information so as to permit use of said card for the purchase of products or services; and

h) said issuing terminal structured to at least partially retain said card therein during detection of said security identifier and disposition of said account information on said card so as to ensure said account information disposed on said card corresponds said security identifier on said card.

15. A prepaid card issuing system as recited in claim 14 further comprising a printer structured to print an issuance confirmation on said card so as to provide a visual verification of account information delivery.

16. A prepaid card issuing system as recited in claim 15 wherein said issuance terminal structured to at least partially retain said card therein during detection of said security identifier, disposition of said account information on said card and printing of said issuance confirmation on said card.

17. A prepaid card issuing system as recited in claim 14 wherein said account information comprises a pin number.