System for operating a prepaid reloadable debit card having ancillary services

• US 20060138215A1
• Filed: 12/17/2004
• Published: 06/29/2006
• Est. Priority Date: 12/17/2004
• Status: Active Grant

• Current Assignee: Enrique Pallares
• Original Assignee: Enrique Pallares
• Inventors: Pallares, Enrique
• Granted Patent: US 7,334,724 B2
• Time in Patent Office: Days
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/26 Debit schemes, e.g. "pay now"

Abstract

Disclosed is a system for operating a prepaid reloadable debit card. The system includes providing ancillary services associated with the prepaid reloadable debit card. The prepaid reloadable debit card is primarily directed to the “unbanked” population and may provide a means for remittance to immigrants for transferring funds to family members back home using existing ATM and credit card infrastructures.

Claims

1. A system for operating a prepaid reloadable debit card comprising:

providing ancillary services associated with the prepaid reloadable debit card.

2. The system of claim 1, wherein the ancillary services include roadside assistance.

3. The system of claim 1, wherein the ancillary services include discounted medical services.

4. The system of claim 1, wherein the ancillary services include discounted pharmaceuticals.

5. The system of claim 1, wherein the ancillary services include legal counseling.

6. The system of claim 1, wherein the ancillary services include term life insurance.

7. The system of claim 1, wherein the ancillary services are provided to a holder of the reloadable debit card.

8. The system of claim 1, further comprising activating the prepaid reloadable debit card by a reseller.

9. The system of claim 8, wherein the reseller is selected from the group consisting of gas stations, convenience stores, employer payrolls, call centers and combinations thereof.

10. The system of claim 1, wherein the prepaid reloadable debit card has an initial value.

11. The method of claim 1, wherein the prepaid reloadable debit card may be used for a plurality of transactions, and wherein each successive one of the plurality of transactions decreases a remaining value on the prepaid reloadable debit card.

12. The method of claim 1, wherein the prepaid reloadable debit card is a remittance card.

13. A system for operating a prepaid reloadable debit card comprising:

providing a first prepaid reloadable debit card having a primary account to a primary cardholder;

providing a second prepaid reloadable debit card linked to the primary account of the primary cardholder; and

providing ancillary services associated with the prepaid reloadable debit cards.

14. The system of claim 13, wherein the second prepaid reloadable card is a remittance card.

15. The system of claim 13, wherein the ancillary services are selected from the group consisting essentially of roadside assistance, discounted medical services, discounted pharmaceuticals, legal counseling, term life insurance and combinations thereof.

16. The system of claim 13, further comprising activating the prepaid reloadable debit card by a reseller.

17. The system of claim 16, wherein the reseller is selected from the group consisting of gas stations, convenience stores, employer payrolls, call centers and combinations thereof.

18. The system of claim 13, wherein the prepaid reloadable debit card has an initial value.

19. The method of claim 13, wherein the prepaid reloadable debit card may be used for a plurality of transactions, and wherein each successive one of the plurality of transactions decreases a remaining value on the prepaid reloadable debit card.

20. A system for operating a prepaid reloadable debit card comprising:

providing a first prepaid reloadable debit card having a primary account to a primary card holder;

providing a second prepaid reloadable debit card linked to the primary account of the primary card holder, wherein the second prepaid reloadable debit card is a remittance card; and

providing ancillary services associated with the prepaid reloadable debit cards, wherein the ancillary services are selected from the group consisting essentially of roadside assistance, discounted medical services, discounted pharmaceuticals, legal counseling, term life insurance and combinations thereof.