Pre-Allocated Negotiable Instrument And Presentation Instrument Purchasing And Activation Systems And Methods
First Claim
Patent Images
1. A presentation instrument package, comprising:
- a presentation instrument; and
a negotiable instrument;
wherein the package is configured for display at a point-of-sale, and wherein the presentation instrument and negotiable instrument are configured for activation at the point-of-sale.
3 Assignments
0 Petitions
Accused Products
Abstract
A presentation instrument package includes a presentation instrument and a negotiable instrument. The package is configured for display at a point-of-sale, and the presentation instrument and negotiable instrument are configured for activation at the point-of-sale.
81 Citations
18 Claims
-
1. A presentation instrument package, comprising:
-
a presentation instrument; and
a negotiable instrument;
wherein the package is configured for display at a point-of-sale, and wherein the presentation instrument and negotiable instrument are configured for activation at the point-of-sale. - View Dependent Claims (2, 3, 4, 5)
-
-
6. A method of creating an account for a customer, comprising:
-
creating an account;
providing a presentation instrument relating to the account;
providing a fund on issue negotiable instrument relating to the account;
packaging the presentation instrument and fund on issue negotiable instrument for display at a retail location; and
upon request from a customer at the retail location, activating the account using a point-of-sale device by associating a customer-specified amount of funds with the account, wherein the customer tenders the amount of funds at the retail location. - View Dependent Claims (7, 8, 9, 10, 11, 12, 13)
-
-
14. A method of completing a purchase transaction, comprising:
-
at a point-of-sale, receiving a request from a customer to activate an account, wherein the request identifies an activation amount of funds to associate with the account;
using a point-of-sale device to send an account identifier and the activation amount of funds to a host computer system;
creating a record at the host computer system, wherein the record identifies the activation amount of funds;
at the point-of-sale, competing a transaction with the customer in which transaction the consumer purchases a package that includes a presentation instrument and at least one negotiable document relating to the account;
receiving a request at the host computer system to allocate an allocation amount of funds from the account to the at least one negotiable document;
confirming that the allocation amount of funds is less than a current balance of funds;
allocating the allocation amount of funds to the at least one negotiable document;
providing a transaction number in response to the request to allocate funds;
receiving a request from a merchant to authorize a transaction using the at least one negotiable document, wherein the request includes a transaction amount of funds;
comparing the allocation amount of funds to the transaction amount of funds; and
based on the comparison, authorizing the transaction. - View Dependent Claims (15, 16, 17, 18)
-
Specification