Dynamic fee structuring in a stored valude card program
First Claim
Patent Images
1. A method for loading a stored value card, the method comprising:
- receiving a user selection for an amount to be loaded to a stored value card account; and
determining a transaction fee based on the user selection.
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Abstract
Dynamic fee structuring in a stored valued program is provided. One embodiment is a system for implementing a stored value card program, which comprises: a device that provides stored value card services to a user; and a fee structure database for determining an amount of a transaction fee to charge a user for a stored value card service provided by the device.
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Citations
31 Claims
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1. A method for loading a stored value card, the method comprising:
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receiving a user selection for an amount to be loaded to a stored value card account; and
determining a transaction fee based on the user selection. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A device for providing stored value card services, the device comprising:
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an input device that reads data from a stored value card of a user; and
a dynamic fee structure module that automatically determines an amount of a transaction fee to charge a user for a stored value card service provided by the device. - View Dependent Claims (12, 13, 14, 15, 16)
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17. A system for implementing a stored value card program, the system comprising:
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a device that provides stored value card services to a user; and
a fee structure database that determines an amount of a transaction fee to charge a user for a stored value card service provided by the device. - View Dependent Claims (18, 19, 20, 21, 22)
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23. A method for implementing a stored value card program, the method comprising:
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monitoring transaction data from a plurality of devices, which are providing stored value card services; and
based on the transaction data, developing a fee schedule database for controlling transaction fees to be charged for stored valued card services provided by the plurality of devices. - View Dependent Claims (24, 25, 26, 27)
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28. A system for implementing a stored value card program, the system comprising:
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a fee structure database for receiving fee amount requests from a plurality of devices that provide stored value card services, the fee structure database configured to determine an amount for a transaction fee to charge a customer being serviced by one of the plurality of devices based on the fee amount request received from the one of the plurality of devices; and
a fee optimization engine that receives transaction data from the plurality of devices and updates the fee structure database based on the transaction data. - View Dependent Claims (29, 30, 31)
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Specification