STORED VALUE CARD ACCOUNT TRANSFER SYSTEM

• US 20080091599A1
• Filed: 12/05/2007
• Published: 04/17/2008
• Est. Priority Date: 10/14/2003
• Status: Abandoned Application

• Current Assignee: Compucredit Intellectual Property Holdings Corporation II
• Original Assignee: Compucredit Intellectual Property Holdings Corporation II
• Inventors: Foss, Sheldon
• Application Number:
  US11/951,318
• Publication Number:
  US 20080091599A1
• Time in Patent Office: Days
• US Class Current: 705/41
• CPC Class Codes: G06F 21/31 User authentication
• CPC Class Codes: G06F 2221/2107 File encryption
• CPC Class Codes: G06F 2221/2117 User registration
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/347 Passive cards
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G07C 9/33 by means of a password
• CPC Class Codes: G07F 7/10 together with a coded signal , e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system
• CPC Class Codes: G07F 7/1025 Identification of user by a PIN code
• CPC Class Codes: G07F 7/1075 PIN is checked remotely

Abstract

Systems, methods, computer programs, merchant terminals, etc. for transferring funds between stored value card accounts are provided. One embodiment comprises a method for loading a stored value card. One such method comprises: identifying a first stored value card account associated with a first customer; receiving a selection from the first customer of a second stored value card account associated with a second customer and a load amount for transferring to the second stored value card account; and initiating a funds transfer of the load amount from the first stored value card account to the second stored value card account.

Claims

1. A method for loading a stored value card, the stored value card being a financial instrument that is associated with a fixed dollar amount upon the issuance of the card, the fixed dollar amount being funded at the time of issuance of the card in a financial transaction rather than being tied to any financial account of the card holder, the method comprising the steps of:

identifying a first stored value card account associated with a first customer;

receiving a selection from the first customer of a second stored value card account associated with a second customer and a load amount for transferring to the second stored value card account; and

initiating a funds transfer of the load amount from the first stored value card account to the second stored value card account.

2. The method of claim 1, wherein the steps of identifying, receiving, and initiating occur at a merchant terminal.

3. The method of claim 1, further comprising applying a transaction fee to the first stored value card account.

4. The method of claim 1, further comprising applying a transaction fee to the second stored value card account.

5. A system for providing stored value card services, the system comprising:

means for reading data from a stored value card associated with a first stored value card account of a first customer; and

means for enabling the first customer to transfer a specified load amount from the first stored value card account to a second stored value card account associated with a second customer.