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

• Current Assignee: e2Interactive Incorporated
• Original Assignee: e2Interactive Incorporated
• Inventors: Chakiris, Phil M., Denzer, Karl, Graves, Phillip C., Young, Dustin
• Application Number:
  US11/672,082
• Publication Number:
  US 20080172331A1
• Time in Patent Office: Days
• US Class Current: 705/41
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/06 Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/347 Passive cards
• CPC Class Codes: G06Q 20/351 Virtual cards

Abstract

The invention is directed to a system and method for managing a payment system. The method generally comprises activating a payment card, associating a value with the payment card, associating at least one third party with the bill payment card, receiving a request from a bill payment card user to transfer at least some of the value to a selected third party, the request comprising receiving an identifier associated with the payment card and receiving an indication of an amount of value to transfer, and transferring at least some of the value to the selected third party. Systems of the invention may generally comprise one or more payment cards, a database storing a plurality of records comprising information related to the payment card; one or more communication devices; and a processor in communication with the database and in selective communication with the communication device.

Claims

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.

2. The method if managing a payment card system according to claim 1, further comprising:

transferring at least some of the value to the third party payee.

4. The method of managing a payment card system according to claim 1, wherein the step of associating value with the payment card comprises:

receiving value;

identifying a value account associated with the identifier; and

placing at least some of the value in the value account associated with the identifier.

5. The method of managing a payment card system according to claim 4, wherein the step of receiving value comprises receiving value from the payment card user.

6. The method of managing a payment card system according to claim 4, wherein the step of receiving value comprises receiving value from a retailer.

9. The method of managing a payment card system according to claim 1, wherein the step of receiving a request from a payment card user to transfer at least some of the value to the third party payee comprises:

receiving an indication of an amount of value to transfer.

10. The method of managing a payment card system according to claim 9, further comprising:

determining an amount owed to the third party payee; and

providing to the payment card user an indication of the amount owed to the third party payee.

12. The method of managing a payment card system according to claim 1, wherein at least a second third party payee is associated with the payment card.

13. The method of managing a payment card system according to claim 12, wherein the step of receiving a request from a payment card user ti transfer at least some of the value to the third party payee comprises:

providing an indication of the third party payees associated with the payment card;

receiving a selection of at least one of the third party payees; and

receiving an indication of an amount of value to transfer.

16. The method of managing a payment card system of claim 1, wherein the payment card user comprises a limited number of authorized users.

3. (canceled)

7. (canceled)

8. (canceled)

11. (canceled)

14. A system for managing a payment card system comprising:

at least one payment card;

a database of a central reprocess comprising a plurality of records, the plurality of records comprising information related to the at least one payment card;

at lease one communication device; and

the central processor in communication with the database and in selective communication with the least one communication device, the processor being configures to;

activate the at least one payment card;

associate value with the at least one payment card;

associate a third party payee with the at least one payment by receiving information capable of 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 a payment record to reflect the association if the third party payee;

receive an identifier associated with the payment card during a payment transaction;

determine 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 provide an indication of the amount of value

associated with the payment card to the payment card user during the payment transaction;

receive a request to transfer at least some of the value to the third party payee during the payment transaction; and

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

15. A method for managing the transfer of value to a third party payee using a payment card comprising:

providing the payment card to a user or listed number of users;

activating the payment card;

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

initiating a payment transaction associated with the payment card;

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

associating value with the payment card;

determining at the central processor an amount of value associated with the payment and providing an indication of the amount of value associated with the payment card to the payment card user or limited number of users, during the payment transaction;

associating one or more third party payees with the payment card by receiving information capable of identifying the third party payee and information capable of identifying a pre-existing customer account with the third party payee, and modifying a payment record to reflect the association of the third party payee;

selecting a specific third party payee from one or more third party payees to be associated with the transaction during the payment transaction;

receivingfromt the user an amount of value to transfer to the specific third party payee during the payment transaction;

transferring to the specific third party payee the amount of value; and

terminating the transaction.