METHOD AND MEANS FOR REGISTERING A DEBIT CARD

• US 20070203715A1
• Filed: 02/15/2006
• Published: 08/30/2007
• Est. Priority Date: 02/15/2006
• Status: Active Grant

• Current Assignee: Larry Kane
• Original Assignee: Larry Kane
• Inventors: KANE, Larry
• Granted Patent: US 7,717,333 B2
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/342 Cards defining paid or billed services or quantities
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• 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

Abstract

A method and means of registering for a debit card includes a card having an account number that is the same as an account number encoded on a magnetic strip of the card. Removably attached to the card is a first and a second label. The first label has the account number printed thereon and a designated area where customer information is filled in. The second label has an authorization code such as a PIN number printed thereon. Both the account number and PIN number are stored in a database maintained by a service provider. To register, the first label is removed from the card and attached to a customer'"'"'s check and the second label is removed and retained by the customer. The check is scanned and transmitted to the service provider. The service provider compares the account number on the first label of the scanned check with the stored PIN number and creates a debit card account for the customer associated with the customer'"'"'s checking account.

Claims

1. A debit card, comprising:

a card having an account number that is the same as an encoded account number on a magnetic strip positioned on a surface of a card;

a first label removably attached to the card and having the account number printed on the first label; and

a second label removably attached to the card having an authorization code printed on the second label.

2. The debit card of claim 1 wherein the first label has a designated area for personal information.

3. The debit card of claim 1 wherein the designated area consists of at least one from the group of driver'"'"'s license number, phone number, and initials.

4. The debit card of claim 1 wherein the authorization code is a PIN number.

5. A method of registering for a debit card, the method comprising the steps of:

providing at least one debit card having a first label and a second label removably attached to the card;

removing the first label and attaching the first label to a check;

removing the second label for retention by a customer;

scanning the check with the first label to record a MICR line and image of the labeled check;

transmitting the recorded check information to a service provider; and

comparing the first label with stored information associated with the second label to create a debit card registration for the debit card associated with the MICR line of the check.

6. The method of claim 5 further comprising the step of adding personal identification information on the first label.

7. The method of claim 5, further comprising the step of printing an account number associated with the debit card on the first label.

8. The method of claim 5 further comprising the step of printing an authorization code on the second label.

9. The method of claim 5 further comprising the step of assigning an account number and an authorization code to the debit card.

10. The method of claim 9 wherein the account number and authorization code are stored in a database.