On-us cash withdrawal at a point-of-sale

• US 20070007333A1
• Filed: 05/27/2005
• Published: 01/11/2007
• Est. Priority Date: 10/14/2003
• Status: Active Grant

• Current Assignee: CC Serve Corp. (Atlanticus Holdings Corporation)
• Original Assignee: CompuCredit Co.
• Inventors: Srinivasan, Krishnamoorthy, Harris, Dwight, Foss, Sheldon
• Granted Patent: US 7,676,395 B2
• Time in Patent Office: Days
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 20/26 Debit schemes, e.g. "pay now"
• CPC Class Codes: G06Q 20/342 Cards defining paid or billed services or quantities
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G07F 19/203 Dispensing operations within ATMs dispensing in general G07D11/00
• CPC Class Codes: G07F 7/025 by means, e.g. cards, providing billing information at the time of purchase, e.g. identification of seller or purchaser, quantity of goods delivered or to be delivered
• CPC Class Codes: G07G 1/12 electronically operated digital data processing aspects G06Q20/00

Abstract

Various embodiments of systems, methods, computer programs, merchant terminals, etc. for providing an on-us cash withdrawal service at a point-of-sale are provided. One embodiment comprises a method for providing a cash withdrawal service at a point-of-sale. One such method comprises: issuing an association-branded financial card to a cardholder, the association-branded financial card comprising an association account number corresponding to a credit card association and a proprietary account number corresponding to an issuer of the association-branded financial card; at a merchant terminal, reading the proprietary account number from the association-branded financial card and receiving a cash withdrawal amount; providing the proprietary account number and the cash withdrawal amount to a switch associated with the issuer; at the switch, determining the association account number based on the proprietary account number; and authorizing the cash withdrawal amount by submitting an authorization request to a issuing host, the authorization request including the association account number and the cash withdrawal amount.

Claims

1. A method for providing a cash withdrawal service at a point-of-sale, the method comprising:

determining a proprietary account number associated with a financial card;

determining a cash withdrawal amount to be withdrawn from an account associated with the financial card;

providing the proprietary account number and the cash withdrawal amount to a switch;

translating the proprietary account number to a corresponding external account number; and

authorizing the cash withdrawal amount based on the external account number.

2. The method of claim 1, wherein the financial card comprises a stored value card.

3. The method of claim 1, wherein the determining a proprietary account number associated with the financial card comprises reading data from a track in a magnetic strip of the financial card.

4. The method of claim 1, wherein the providing the proprietary account number and the cash withdrawal amount to a switch comprises submitting an authentication request to the switch.

5. The method of claim 1, wherein the external account number comprises an association account number.

6. The method of claim 1, wherein the translating the proprietary account number to a corresponding external account number involves a look-up table at the switch.

7. The method of claim 1, wherein the authorizing the cash withdrawal amount comprises submitting an authorization request to a host.

8. A method for providing an on-us cash withdrawal service, the method comprising:

reading a proprietary account number from an association-branded financial card corresponding to a cardholder;

receiving a cash withdrawal amount;

providing the proprietary account number and the cash withdrawal amount to an issuer switch;

translating the proprietary account number to an association account number associated with the association-branded financial card;

submitting an authorization request to an issuing host, the authorization request including the association account number and the cash withdrawal amount; and

authorizing the cash withdrawal amount for the association account number.

9. The method of claim 8, further comprising providing cash to the cardholder based on the cash withdrawal amount.

10. The method of claim 9, further comprising charging a transaction fee.

11. A method for providing an on-us cash withdrawal service, the method comprising:

issuing an association-branded financial card to a cardholder, the association-branded financial card comprising an association account number corresponding to a credit card association and a proprietary account number corresponding to an issuer of the association-branded financial card;

at a merchant terminal, reading the proprietary account number from the association-branded financial card and receiving a cash withdrawal amount;

providing the proprietary account number and the cash withdrawal amount to a switch associated with the issuer;

at the switch, determining the association account number based on the proprietary account number; and

authorizing the cash withdrawal amount by submitting an authorization request to a issuing host, the authorization request including the association account number and the cash withdrawal amount.

12. A method for providing an on-us cash withdrawal service, the method comprising:

issuing an association-branded private label financial services card to a customer, the financial services card comprising a magnetic strip on which an association account number is stored on a first track and on which a proprietary account number associated with a card issuer is stored on a second track; and

configuring a merchant terminal to read the second track in response to a request for a cash withdrawal amount and submit the proprietary account number to a switch for authorization.

13. The method of claim 12, further comprising determining the association account number, at the switch, based on the proprietary account number.

14. The method of claim 13, further comprising authorizing the cash withdrawal amount using the association account without accessing an association network.

15. The method of claim 14, wherein the authorizing the cash withdrawal amount comprises submitting an authorization request to a host associated with the issuer.

16. The method of claim 15, further comprising:

notifying the merchant terminal that the cash withdrawal amount has been authorized; and

providing cash to the customer.

17. The method of claim 16, wherein the providing cash to the customer comprises charging a transaction fee.

18. A system for providing an on-us cash withdrawal service, the system comprising:

a merchant terminal for reading a cardholder'"'"'s financial card, the financial card comprising a magnetic strip on which an association account number is stored on a first track and on which a proprietary account number associated with a card issuer is stored on a second track; and

logic associated with the merchant terminal for capturing the proprietary account number in response to a request for an on-us cash withdrawal.

19. The system of claim 18, further comprising a switch for receiving the proprietary account number, the switch configured to determine the association account number based on the proprietary account number.

20. The system of claim 19, further comprising an issuer host for authorizing the on-us cash withdrawal based on the association account number.