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Bill Payment Card Method and System

  • US 20080172331A1
  • Filed: 02/07/2007
  • Published: 07/17/2008
  • Est. Priority Date: 01/16/2007
  • Status: Abandoned Application
First Claim
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1. A method of managing a payment system comprising:

  • activating a payment card by;

    receiving an identifier associated with the payment card;

    creating a payment card record;

    storing the payment card record in a database of a central processor, wherein the payment card record comprises information capable of identifying the identifier; and

    associating a value account with the unique identifier;

    associating a value with the payment card;

    associating a third party payee with the payment card by receiving information capable if identifying the third party payee and information capable of identifying a pre-existing customer account with the third party payee, the pre-existing customer account having an identifying account number, and modifying the payment record to reflect the association of the third party payee;

    receiving the identifier associated with the payment card during a payment transaction;

    determining at the central processor an amount of value associated with the payment card by determining the account number of the pre-existing customer account using the identifier, and providing an indication of the amount of value associated with the payment card to the payment card user during the payment transaction;

    receiving a request from a payment card user to transfer at least some of the value to the third party payee during the payment transaction; and

    initiating a transfer of the at least some of the value to the third party payee.

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