Prepaid debit card processing

• US 20070078767A1
• Filed: 10/14/2004
• Published: 04/05/2007
• Est. Priority Date: 10/30/2003
• Status: Abandoned Application

• Current Assignee: VeriFone Israel Limited (Verifone Systems, Inc.)
• Original Assignee: VeriFone Israel Limited (Verifone Systems, Inc.)
• Inventors: Gendelman, Simcha
• Application Number:
  US10/577,610
• Publication Number:
  US 20070078767A1
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/347 Passive cards
• 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 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02
• CPC Class Codes: G07F 7/122 Online card verification

Abstract

A method for processing prepaid card transactions including issuing a multiplicity of prepaid cards, each bearing prepaid card identification indicia, inputting the prepaid card identification indicia of a prepaid card into a point of sale terminal, communicating the prepaid card identification indicia from the point of sale terminal to a remote server to validate the prepaid card and upon receipt of acceptable validation from the remote server, processing a prepaid card transaction using the prepaid card as a credit card transaction.

Claims

1. A method for processing prepaid card transactions comprising:

issuing, by a prepaid card issuer, a multiplicity of prepaid cards, each bearing prepaid card identification indicia;

inputting the prepaid card identification indicia of a prepaid card into a point of sale terminal;

communicating said prepaid card identification indicia from the point of sale terminal to a remote server to validate said prepaid card; and

upon receipt of acceptable validation from said remote server, processing a prepaid card transaction using the prepaid card as a credit card transaction employing a credit card account associated with said prepaid card issuer.

2. A method for processing prepaid card transactions according to claim 1 and wherein said processing a prepaid card transaction includes:

providing credit card identification indicia for said credit card account; and

charging said credit card account, identified by said credit card identification indicia, for the amount of said prepaid card transaction.

3. A method for processing prepaid card transactions according to claim 2 and wherein said credit card account corresponds to at least a plurality of said multiplicity of prepaid cards.

4. A method for processing prepaid card transactions according to claim 2 and wherein said credit card identification indicia is stored at said point of sale terminal.

5. A method for processing prepaid card transactions according to claim 4 and wherein said credit card identification indicia is accessed at said point of sale terminal using said prepaid card identification indicia.

6. A method for processing prepaid card transactions according to claim 2 and wherein said credit card identification indicia is stored at said remote server.

7. A method for processing prepaid card transactions according to claim 6 and wherein said credit card identification indicia is accessed at said remote server using said prepaid card identification indicia.

8. A method according to claim 1 and wherein said inputting comprises reading said identification indicia.

9. A method according to claim 1 and wherein said inputting comprises keying in said identification indicia.

10. A method according to claim 1 and wherein said acceptable validation comprises balance information.

11. A point of sale terminal comprising:

an input device operative to receive prepaid card identification indicia from a prepaid card issued by a prepaid card issuer; and

a processor, operative to process a prepaid card transaction using the prepaid card as a credit card transaction employing a credit card account associated with said prepaid card issuer.

12. A point of sale terminal according to claim 11 and wherein said input device is a card reader.

13. A point of sale terminal according to claim 11 and wherein said input device is a keyboard.

14. A point of sale terminal according to claim 11 and wherein said processor is operative to verify acceptable validity of said prepaid card prior to processing said prepaid card transaction.

15. A point of sale terminal according to claim 11 and wherein said processor is operative to verify a balance associated with said prepaid card prior to processing said prepaid card transaction.

16. A point of sale terminal according to claim 11 and also comprising a communicator, operative to communicate said prepaid card identification indicia to a remote server to determine validity of said prepaid card.

17. A point of sale terminal according to claim 16 and wherein said remote server is operative to communicate a balance in said prepaid card, via said communicator, to said terminal.

18. A point of sale terminal according to claim 11 and wherein said processor is operative to identify said credit card account by credit card identification indicia and to charge said credit card account for the amount of said prepaid card transaction.

19. A point of sale terminal according to claim 18 and also comprising a storage device for storing said credit card identification indicia.