System and method for charity gift card

• US 20070063020A1
• Filed: 09/21/2005
• Published: 03/22/2007
• Est. Priority Date: 09/21/2005
• Status: Abandoned Application

• Current Assignee: Capital One Financial Corporation
• Original Assignee: Capital One Financial Corporation
• Inventors: Barrafato, Eleanor
• Application Number:
  US11/232,342
• Publication Number:
  US 20070063020A1
• Time in Patent Office: Days
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/3433 the counter having monetary units
• CPC Class Codes: G07F 7/02 by keys or other credit registering devices

Abstract

Systems and methods enable the provision, management and use of a monetary card for making donations. A processor may cause information associated with donation parameters to be stored on a monetary card. The card may be given as a gift to a recipient. The recipient may use the card to make a donation to a donation recipient. The donation may be made by way of any suitable method or configuration. In one example scenario, the donation is made by the card recipient using a web-based communication system to specify one or more values associated with the donation parameters. For example, the card recipient may use the card to access an account or record and may select a donation recipient from among a list of available donation recipients and may also specify an amount to be donated. The donation may be linked to a separate financial account which may be held, for instance, by the purchaser of the card. The separate financial account may be debited when the card is first purchased, or when a donation is actually made by the card recipient.

Claims

20. A method for providing a donation gift card, comprising:

providing a card to a first entity, the card incorporating at least a first value corresponding to a first donation parameter;

receiving information associated with a donation after the donation has been made using the card, the donation information corresponding to the first donation parameter.

1. A system for enabling donations, comprising

at least one processor;

and

at least one data storage device electronically coupled to the at least one processor,

the at least one processor operable to receive, from a first entity, a purchase request comprising a selection of one or more donation parameters, the selection comprising at least one potential donation recipient and at least a monetary amount,

the at least one data storage device operable to store information associated with the purchase request;

the at least one processor being further operable to receive a donation request comprising at least one donation recipient and at least one monetary amount.

2. The system of claim 1, wherein the at least one potential donation recipient comprises a plurality of potential donation recipients.

3. The system of claim 1, wherein the at least one potential donation recipient is a potential donation recipient included in a plurality of potential donation recipients presented to the first entity.

4. The system of claim 1, wherein the donation request is received from a second entity, which is different than the first entity.

5. The system of claim 1, further comprising an account module operable to link at least a portion of the purchase request information to a separate account.

6. The system of claim 1, further comprising an account module operable to link at least a portion of the donation request information to a separate account.

7. The system of claim 1, wherein the donation request is associated with a donation and wherein the donation is linked to a separate financial account.

8. The system of claim 7, wherein an amount of the donation is deducted from the separate financial account.

9. The system of claim 7, wherein the separate financial account is an account held by the first entity.

10. The system of claim, 9, wherein the separate financial account is a credit card account.

11. The system of claim 9, wherein the separate financial account is a savings account.

12. The system of claim 9, wherein the separate financial account is a checking account.

13. The system of claim 1, wherein at least a portion of the purchase request information is incorporated into a monetary card.

14. The system of claim 13, wherein the incorporated information is embedded in a magnetic stripe on the card.

15. The system of claim 1, further comprising a monetary card having at least a portion of the purchase request information incorporated therein, the monetary card being used to make the donation request.

16. The system of claim 1, wherein the donation request is received telephonically.

17. The system of claim 1, wherein the donation request is received by using a card reader to read information from a monetary card.

18. The system of claim 1, wherein the donation request is received through a web-based communications network.

19. The system of claim 1, wherein the donation request is received over a computer network.

21. The method of claim 20, wherein the first donation parameter is one of a plurality of donation parameters.

22. The method of claim 20, wherein the card incorporates a plurality of values, each corresponding to one of a plurality of donation parameters.

23. The method of claim 20, wherein the first parameter comprises at least one potential donation recipient.

24. The method of claim 20, wherein the at least a first value comprises a first value and a second value, the first value representing at least one potential donation recipient and the second value representing at least one monetary amount.

25. The method of claim 20, wherein the receiving step comprises receiving the donation information from a second entity.

26. The method of claim 20, wherein the first donation parameter is a plurality of potential donation recipients selected by the first entity, the selection being made from a group of potential donation recipients presented to the first entity.

27. The method of claim 26, wherein the donation information is received from a second entity and the donation information comprises at least one donation recipient selected from the plurality of potential donation recipients of the first donation parameter.

28. The method of claim 20, wherein the donation information comprises at least one monetary value and at least one donation recipient.

29. The method of claim 20, wherein the first donation parameter is a time parameter.

30. The method of claim 20, further comprising the step of executing a donation based at least in part on the donation information.

31. The method of claim 20, further comprising the step of linking the at least a first value to a separate financial account.

32. The method of claim 31, wherein the separate financial account is an account held by the first entity.

33. The method of claim 31, further comprising the step of executing a donation based at least in part on the donation information, and the step of debiting the separate financial account.

34. The method of claim 33, wherein the step of debiting the separate financial account occurs after the step of receiving the donation information.

35. The method of claim 33, wherein the step of debiting the separate financial account occurs in connection with the step of providing the card to the first entity.

36. The method of claim 20, further comprising determining who, between the first entity and a second entity, will be entitled to claim a tax deduction based on the donation.

37. The method of claim 20, wherein the first entity establishes the value based on a financial contribution.

38. The method of claim 20, wherein the first entity reimburses account awards to establish the value.

22-1. The method of claim 20, wherein the first donation parameter is a monetary parameter.