METHOD AND SYSTEM FOR PROCESSING CARD REISSUE TRANSACTIONS

• US 20070239602A1
• Filed: 05/22/2007
• Published: 10/11/2007
• Est. Priority Date: 03/26/2002
• Status: Abandoned Application

• Current Assignee: First Data Corporation (Fiserv Incorporated)
• Original Assignee: First Data Corporation (Fiserv Incorporated)
• Inventors: Goodman, Rebecca, Prendergast, Jim, Hogan, Sharon, Buggs, Michelle
• Application Number:
  US11/751,795
• Publication Number:
  US 20070239602A1
• Time in Patent Office: Days
• US Class Current: 705/41
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A method and system for reissue processing for card issuance units (CIUs) such as credit cards, smart cards, phone cards and the like. Prior to expiration of the credit card, cardholder accounts in good standing are identified. Thereafter, uncompleted records for the cardholders are provided. The uncompleted record contains minimal account information about the cardholder. Thereafter, the method includes evaluating whether the cardholder accounts are eligible for credit card reissue when the uncompleted records are selected. The cardholder accounts are evaluated by running the records through client defined criteria. After evaluation, if the cardholder accounts are eligible, completed records of cardholders are generated for fulfilling the credit cards.

Claims

1-10. -10. (canceled)

11. A method for reissuing cards to cardholders, the method comprising:

evaluating a record for a cardholder account for a first time to determine whether the cardholder account is eligible for reissue;

evaluating the record a second time to determine whether the cardholder account is still eligible for reissue; and

embossing the card for reissue, if the cardholder account remains eligible after the second evaluation.

12. The method of claim further comprising forwarding, immediately or shortly after the act of fulfilling, the card to the cardholder.

13. The method of claim further comprising providing a summary row from which records are selectable.

14. The method of claim wherein both acts of evaluating further comprises running account information about the cardholder account through an adaptive control system.

15. A system for reissuing cards to cardholders, the system comprising:

a product control file having one or more reissue criteria;

one or more software instructions for generating a record for one or more cardholder accounts in good standing;

one or more software instructions for evaluating the cardholder account for a first time by running the cardholder account through the product control file to determine whether the cardholder account is eligible;

one or more software instructions for evaluating the cardholder account a second time to determine whether the cardholder account is still eligible for reissue; and

one or more software instructions to assist embossing a card using the record if the cardholder account remains eligible after the second evaluation.

16. The system of claim further comprising an embossing machine for embossing the card based on the record.

17-19. -19. (canceled)