ADJUSTABLE BALANCE LIMIT PREPAID PRESENTATION INSTRUMENT
First Claim
1. A computerized method of providing an adjustable balance limit prepaid presentation instrument, the method comprising:
- receiving a request for an adjustable balance limit prepaid presentation instrument;
obtaining customer information;
processing the customer information with a processor to determine a risk level associated with changing a funding limit associated with the prepaid presentation instrument;
assigning the funding limit to the adjustable balance limit prepaid presentation instrument; and
funding the adjustable balance limit prepaid presentation instrument to up to a maximum of the assigned funding limit.
1 Assignment
0 Petitions
Accused Products
Abstract
This disclosure describes, generally, methods and systems for providing an adjustable balance limit prepaid presentation instrument is described. The method includes receiving a request for the adjustable balance limit prepaid presentation instrument and obtaining customer information. The method further includes, processing the customer information with a processor to determine a risk level associated with changing a funding limit associated with the prepaid presentation instrument. The method further funds the adjustable balance limit prepaid presentation instrument to up to a maximum of the assigned funding limit using a variety of funding sources.
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Citations
25 Claims
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1. A computerized method of providing an adjustable balance limit prepaid presentation instrument, the method comprising:
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receiving a request for an adjustable balance limit prepaid presentation instrument; obtaining customer information; processing the customer information with a processor to determine a risk level associated with changing a funding limit associated with the prepaid presentation instrument; assigning the funding limit to the adjustable balance limit prepaid presentation instrument; and funding the adjustable balance limit prepaid presentation instrument to up to a maximum of the assigned funding limit. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A method of converting a fixed limit prepaid presentation instrument into an adjustable balance limit prepaid presentation instrument, the method comprising:
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presenting a customer'"'"'s preexisting fixed limit prepaid presentation instrument; analyzing the customer'"'"'s usage history associated with the fixed limit prepaid presentation instrument; based on the usage history, deriving a new funding limit; and applying the new funding limit to the prepaid presentation instrument. - View Dependent Claims (18, 19, 20)
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21. A system for providing an adjustable balance limit prepaid presentation instrument, the system comprising:
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a point-of-sale (POS) device configured to receive a request for an adjustable balance limit prepaid presentation instrument; an account processor connected with the POS device via a financial network, configured to obtain customer information, wherein the account processor includes a decision engine configured, based on the customer information, to assign a funding limit to the adjustable balance limit prepaid presentation instrument; and a banking network connected with the account processor configured to fund the adjustable balance limit prepaid presentation instrument to up to a maximum of the funding limit. - View Dependent Claims (22, 23)
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24. A machine-readable medium for providing an adjustable balance limit prepaid presentation instrument, the machine-readable medium including sets of instruction which, when executed by a machine, cause the machine to:
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receive a request for the adjustable balance limit prepaid presentation instrument; obtain customer information; based on the customer information, assign a funding limit to the adjustable balance limit prepaid presentation instrument; and fund the adjustable balance limit prepaid presentation instrument to up to a maximum of the assigned funding limit using a variety of funding sources. - View Dependent Claims (25)
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Specification