Stored value cards and methods for their issuance
8 Assignments
0 Petitions
Accused Products
Abstract
A method for issuing both a virtual card and a physical card to a cardholder comprises issuing a virtual card to a cardholder, with the virtual card comprising an identifier and an associated database record of a stored value. A physical card is also issued to the cardholder. The physical card includes an identifier that is different from the virtual card identifier, and the physical card is in an inactive state until the physical card is activated by linking of the physical card identifier to the database record of the stored value.
24 Citations
37 Claims
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1-18. -18. (canceled)
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19. A method for issuing both a non-physical virtual card and a physical card to a cardholder, wherein both the virtual card and the physical card may be used for conducting transactions against a funded value, the method comprising:
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receiving at a processing system a request to receive both a physical card and a virtual card, along with a funded value that is associated with both the physical card and the virtual card;
using the processing system to first electronically issue a virtual card to a cardholder, the virtual card comprising an identifier and an associated database record of a stored value, wherein the virtual card is active upon issuance; and
receiving at the processing system a request to debit the funded value by a redemption amount from an electronic purchase over a network;
debiting the funded value by the redemption amount;
sending a physical card to the cardholder, wherein the physical card includes a card body and an identifier that is different from the virtual card identifier, and wherein the physical card is in an inactive state until the physical card is activated by linking of the physical card identifier to the database record of the stored value, and wherein the funded value of the physical card is the funded value less the redemption amount. - View Dependent Claims (20, 21, 22, 23, 24, 25)
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26. A method for issuing both a non-physical virtual card and a physical card that may each be used for conducting transactions against the account of a cardholder, the method comprising:
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receiving at a processing system a request to receive both a physical card and a virtual card, along with a funded value that is associated with both the physical card and the virtual card;
issuing a virtual card to a cardholder, the virtual card comprising an identifier and an associated database record of a stored value, wherein the virtual card is in an active state upon issuance;
receiving at a processing system a request to debit the funded value by a redemption amount from an electronic purchase over a network;
debiting the funded value by the redemption amount;
issuing a physical card to the cardholder, wherein the physical card is issued after the virtual card is issued and includes a card body and a physical card identifier, and wherein the physical card is in an inactive state;
receiving a request to activate the physical card, wherein the request includes the physical card identifier; and
in response to the request, linking the physical card identifier to the database record of the stored value, with the stored value being previously debited by the redemption amount. - View Dependent Claims (27, 28, 29, 30, 31)
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32. A computerized system for linking a non-physical virtual card with a physical card for the same cardholder, the system comprising:
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a physical card comprising a card body having an identifier;
a processing system; and
a database having a record of a stored value, a virtual card identifier that is associated with the stored value record, and the physical card identifier;
wherein the physical card is in an inactive state while the virtual card is in an active state;
wherein the processing system is configured to receive a request to debit the stored value record by a redemption amount based on a purchase made over an electronic network using the virtual card identifier; and
wherein the processing system is configured to link the physical card identifier to the stored value record after receipt of the physical card by a cardholder and to allow access to the stored value record using either card identifier once linked, thereby activating the physical card, with the stored value record being equal to the stored value less the redemption amount. - View Dependent Claims (33, 34, 35, 36, 37)
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Specification