System and apparatus for transactions using prepaid cards

• US 20080041938A1
• Filed: 08/16/2006
• Published: 02/21/2008
• Est. Priority Date: 08/16/2006
• Status: Active Grant

• Current Assignee: Kurt Wise
• Original Assignee: Kurt Wise
• Inventors: Wise, Kurt
• Granted Patent: US 7,677,446 B2
• Time in Patent Office: Days
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/18 involving self-service terminals [SST], vending machines, kiosks or multimedia terminals
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G07F 19/206 Software aspects at ATMs

Abstract

A system, method and apparatus having the capability of issuing at least one unique identifying card, associating a payment amount and face value with each unique identifying card and receiving a payment for each unique identifying card. The method, system and apparatus are further capable of crediting the payment to one or more revenue distribution recipients in real time and updating the face value of the unique identifying card in real time to reflect its use for a transaction, and of tracking information about the card and use of the card.

Claims

1. A transaction system comprising:

an issuing mechanism capable of issuing at least one unique identifying card to a customer;

a rate plan tracking mechanism capable of associating at least one rate plan with said at least one unique identifying card and allowing each of said at least one rate plan to be changed by an authorized administrator;

a payment receiving mechanism capable of receiving and recording a payment amount from said customer, associating a face value to said at least one unique identifying card, and crediting said payment amount to at least one revenue recipient based upon said at least one rate plan in real time; and

a validation mechanism capable of recording that said unique identifying card is presented at a point-of-use and updating said face value associated with said unique identifying card in real time to reflect a transaction based on at least one redemption policy.

2. The transaction system of claim 1, wherein said transaction system further includes a vendor tracking mechanism capable of maintaining information about one or more vendors

3. The transaction system of claim 1, wherein said transaction system further includes a report generating mechanism capable of generating one or more reports.

4. The transaction system of claim 1, wherein said transaction system further includes a mechanism capable of associating data about said point-of-use and said transaction with said at least one unique identifying card and storing said data in real time and allowing said data to be viewed on a computer interface.

5. The transaction system of claim 1, wherein said transaction system further includes a mechanism capable of associating data about said at least one unique identifying card with information about said customer and storing at least a portion of said data in real time and allowing said data to be viewed on a computer interface.

6. The transaction system of claim 1, wherein said transaction system further includes a mechanism capable of associating at least one award selected from a group comprised of points, discounts, goods, services and additional monetary value with said at least one unique identifying card and allowing each of said at least one award to be changed by said authorized administrator.

7. The transaction system of claim 1, wherein said transaction system further includes a mechanism capable of simultaneously associating said at least one rate plan with a plurality of said at least one unique identifying cards and determining which of said at least one rate plan is in effect for each of said at least one unique identifying card based upon a promotional campaign.

8. The transaction system of claim 1, wherein said transaction system further includes a mechanism capable of associating at least one tier of cards with said at least one rate plan and at least one cycle to create a promotional campaign.

9. The transaction system of claim 1, wherein said transaction system further includes a mechanism capable of detecting a fraudulent use of said at least one unique identifying card in real time

10. A transaction system comprising:

an issuing mechanism capable of issuing at least one unique identifying card to a customer;

a rate plan tracking mechanism capable of associating at least one rate plan with at least one unique identifying card and allowing each of said at least one rate plan to be changed by an authorized administrator;

a payment receiving mechanism capable of receiving and recording a payment amount from said customer, associating a face value to at least one unique identifying card, designating said at least one unique identifying card so that said at least one unique identifying card may be accepted by at least one vendor as a method of payment, and crediting said payment amount to at least one revenue recipient based upon said at least one rate plan in real time; and

a validation mechanism capable of recording that said unique identifying card is presented at a point-of-use, sending a message to said point-of-use indicating in real time whether said at least one unique identifying card has said face value sufficient to complete a transaction and updating said face value of said unique identifying card if said transaction can be completed to reflect said transaction in real time.

11. The transaction system of claim 10, wherein said system further includes a vendor tracking mechanism capable of maintaining information about one or more vendors.

12. The transaction system of claim 10, wherein said system further includes a report generating mechanism capable of generating one or more reports.

13. The transaction system of claim 10, wherein said transaction system further includes a mechanism capable of associating data about said point-of-use and said transaction with said at least one unique identifying card and storing said data in real time and allowing said data to be viewed on a computer interface.

14. The transaction system of claim 10, wherein said system further includes a mechanism capable of associating data about said at least one unique identifying card with information about said customer and storing at least a portion of said data in real time and allowing such data to be viewed on a computer interface.

15. The transaction system of claim 10, wherein said system further includes a mechanism capable of associating at least one award selected from a group comprised of points, discounts, goods, services and additional monetary value with said at least one unique identifying card and allowing said at least one award to be changed by said authorized administrator.

16. The transaction system of claim 10, wherein said system further includes a mechanism capable of simultaneously associating at least one rate plan with a plurality of unique identifying card and determining which of said at least one rate plan is in effect for said at least one unique identifying card based on a promotional campaign.

17. The transaction system of claim 10, wherein said transaction system further includes a mechanism capable of associating at least one tier of said unique identifying cards with at least one said rate plan and at least one cycle to create a promotional campaign.

18. The transaction system of claim 10 wherein said system further includes mechanism capable of detecting a fraudulent use of said at least one unique identifying card in real time.

19. A method of managing at least one unique identifying card comprising the steps of:

creating said at least one unique identifying card;

issuing said at least one unique identifying card to at least one customer;

associating at least one rate plan with said at least one unique identifying card in real time;

receiving and recording a payment amount from said at least one customer;

crediting said payment amount to at least one revenue recipient based upon at least one of said at least one rate plan in real time;

associating a face value to said at least one unique identifying card in real time; and

recording that said at least one unique identifying card has been used for a transaction in real time.

20. The method of claim 19, wherein said method further includes the step of updating said face value associated with said at least one unique identifying card in real time to reflect a transaction based on at least one redemption policy.

21. The method of claim 19, wherein said method further includes updating each of said rate plan by an authorized administrator.

22. The method of claim 19, wherein said method further includes associating said at least one tier of said unique identifying cards with said at least one rate plan and at least one cycle to create a promotional campaign.

23. The method of claim 19, wherein said method further includes tracking information about one or more vendors.

24. The method of claim 19, wherein said method further includes generating one or more reports.

25. The method of claim 19, wherein said method further includes a step of associating data about said at least one point-of-use and said transaction with said at least one unique identifying card and storing said data in real time so that said data is capable of being viewed on a computer interface.

26. The method of claim 19, wherein said method further includes the step of associating data about at least one point-of-use and said transaction with said at least one customer and storing said data in real time so that said data is capable of being viewed on a computer interface.

27. The method of claim 19, wherein said method further includes a step of associating at least one award selected from a group comprised of points, discounts, goods, services and additional monetary value with said at least one unique identifying card and updating each of said at least one award by an authorized administrator.

28. The method of claim 19, wherein said method further includes a step of associating a plurality of said at least one rate plan with a plurality of said at least one unique identifying card, and determining which of said at least one rate plan is in effect for said at least one unique identifying card.

29. The method of claim 19, wherein said method further includes a step of detecting a fraudulent use of said at least one unique identifying card in real time.

30. The method of claim 19, wherein said method further includes a computer readable medium having stored therein instructions for causing a processor to execute said method.

31. The method of claim 19, wherein said method is performed by a computer system, said computer system comprised of a processor, a memory and an operating environment.

32. A method of managing at least one unique identifying card comprising the steps of:

creating said at least one unique identifying card;

issuing said at least one unique identifying card to at least one customer;

associating at least one rate plan with said at least one unique identifying card;

receiving and recording a payment amount from said at least one customer;

designating said at least one unique identifying card so that said at least one unique identifying card may be accepted by at least one vendor as a method of payment;

crediting said payment amount to at least one revenue recipient based upon said at least one rate plan in real time;

associating a face value to said at least one unique identifying card; and

validating that said at least one unique identifying card has said face value sufficient to complete a transaction, and if said face value is sufficient, updating said face value associated with said at least one unique identifying card in real time to reflect said transaction.

33. The method of claim 32, wherein said method further includes a step of updating each of said at least one rate plan by an authorized administrator.

34. The method of claim 32, wherein said method further includes associating said at least one tier of said cards with at least one said rate plan and at least one cycle to create a promotional campaign.

35. The method of claim 32, wherein said method further includes a step of tracking information about one or more vendors.

36. The method of claim 32, wherein said method further includes a step of generating one ore more reports.

37. The method of claim 32, wherein said method further includes a step of associating data about at least one point-of-use and said transaction with said at least one unique identifying card and storing said data in real time so that said data is capable of being viewed on a computer interface.

38. The method of claim 32, wherein said method further includes a step of associating said data about said at least one point-of-use and said transaction with said at least one customer and storing said data in real time so that said data is capable of being viewed on a computer interface.

39. The method of claim 32, wherein said method further includes a step of associating at least one award selected from a group comprised of points, discounts, goods, services and additional monetary value with said at least one unique identifying card and updating said at least one award by an authorized administrator.

40. The method of claim 32, wherein said method further includes a step of associating a plurality of said at least one rate plan with a plurality of at least one unique identifying card and determining which of said at least one rate plan is in effect for each of said at least one unique identifying card.

41. The method of claim 32, wherein said method further includes a step of detecting a fraudulent use of said at least one unique identifying card.

42. The method of claim 32, wherein said method further includes a computer readable medium having stored therein instructions for causing a processor to execute said method.

43. The method of claim 32, wherein said method is performed by a computer system, said computer system comprised of a processor, a memory and an operating environment.

44. An apparatus for managing at least one unique identifying card comprising:

an input mechanism, said input mechanism constructed and adapted to receive a message identifying at least one customer;

an issuing mechanism, said issuing mechanism constructed and adapted to issue at least one unique identifying card to said at least one customer and to associate a face value with said at least one unique identifying card;

a payment receiving mechanism, said payment receiving mechanism constructed and adapted to receive payment for said at least one unique identifying card and to credit said payment to at least one revenue recipient in real time.

45. The apparatus of claim 44 further comprising a rate plan tracking mechanism, said rate plan tracking mechanism constructed and adapted to associate at least one rate plan with said at least one unique identifying card and allowing said at least one rate plan to be changed by an authorized administrator.

46. The apparatus of claim 44 further comprising a promotional campaign tracking mechanism, said promotional campaign tracking mechanism constructed and adapted to associate at least one rate plan with at least one tier of unique identifying cards and at least one cycle and allowing said at least one promotional campaign to be changed by an authorized administrator.

47. The apparatus of claim 44 further comprising a validation mechanism, said validation mechanism constructed and adapted to associate that said at least one unique identifying card is presented at a point-of-use and updating said face value associated with said at least one unique identifying card in real time to reflect a transaction based on at least one redemption policy.

48. The apparatus of claim 44 further comprising a vendor tracking mechanism, said vendor tracking mechanism constructed and adapted to track information associated with one or more vendors.

49. The apparatus of claim 44 further comprising a report generating mechanism, said report generating mechanism constructed and adapted to generate one or more reports.

50. The apparatus of claim 44 further comprising a validation mechanism, said validation mechanism constructed and adapted to record that said at least one unique identifying card is presented at a point-of-use and indicating whether said at least one unique identifying card has said face value sufficient to complete a transaction and updating said face value of said at least one unique identifying card if said transaction is completed.