System, Program Product, and Computer-Implemented Method For Loading a Loan on an Existing Pre-Paid Card
First Claim
1. A computer system for loading loan proceeds to a pre-paid card, the computer system associated with a bank, configured as a bank computer, and in communication through an electronic communications network with a lender computer positioned to approve a loan request from a borrower and with a pre-paid card processor computer positioned to load loan proceeds to an existing pre-paid card, comprising:
- a processor positioned to credit loan proceeds for an existing pre-paid card responsive to an authorization received from the lender computer;
an input/output unit for transferring data to the processor; and
a memory having stored therein a computer program product, stored on a tangible computer memory media, operable on the processor, the computer program product comprising a set of instructions that, when executed by the processor, cause the computer to load loan proceeds to a pre-paid card by performing the operations of;
receiving authorization by the bank computer from the lender computer to credit loan proceeds from the lender to the approved borrower on an existing pre-paid card associated with the pre-paid card processor, andcrediting the loan proceeds relatively instantaneously by the bank computer to the pre-paid card processor computer for the existing pre-paid card so that the loan proceeds are released to the approved borrower and are immediately available to thereby convert the pre-paid card into a loan delivery apparatus.
2 Assignments
0 Petitions
Accused Products
Abstract
Embodiments of the present invention provide systems, program products, and methods of loading a loan on a pre-paid card. A bank receives authorization from a lender to credit loan proceeds from the lender to an approved borrower on an existing pre-paid card associated with the pre-paid card processor. Next, the bank credits the loan proceeds to the pre-paid card processor for the existing pre-paid card so that the loan proceeds are released to the approved borrower and are immediately available.
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Citations
20 Claims
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1. A computer system for loading loan proceeds to a pre-paid card, the computer system associated with a bank, configured as a bank computer, and in communication through an electronic communications network with a lender computer positioned to approve a loan request from a borrower and with a pre-paid card processor computer positioned to load loan proceeds to an existing pre-paid card, comprising:
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a processor positioned to credit loan proceeds for an existing pre-paid card responsive to an authorization received from the lender computer; an input/output unit for transferring data to the processor; and a memory having stored therein a computer program product, stored on a tangible computer memory media, operable on the processor, the computer program product comprising a set of instructions that, when executed by the processor, cause the computer to load loan proceeds to a pre-paid card by performing the operations of; receiving authorization by the bank computer from the lender computer to credit loan proceeds from the lender to the approved borrower on an existing pre-paid card associated with the pre-paid card processor, and crediting the loan proceeds relatively instantaneously by the bank computer to the pre-paid card processor computer for the existing pre-paid card so that the loan proceeds are released to the approved borrower and are immediately available to thereby convert the pre-paid card into a loan delivery apparatus. - View Dependent Claims (2, 3, 4)
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5. Program product, stored on a tangible computer memory media, operable on a computer, the program product comprising a set of instructions that, when executed by the computer, cause the computer to perform the operations of:
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receiving authorization by a computer associated with a bank defining a bank computer from a computer associated with a lender defining a lender computer to credit loan proceeds from the lender to an approved borrower on an existing pre-paid card associated with a pre-paid card processor; and crediting the loan proceeds relatively instantaneously by the bank computer to a computer associated with the pre-paid card processor defining a pre-paid card processor computer for the existing pre-paid card so that the loan proceeds are released to the approved borrower and are immediately available to thereby convert the pre-paid card into a loan delivery apparatus. - View Dependent Claims (6, 7, 8, 9, 10, 11, 12, 13)
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14. A computer-implemented method of loading loan proceeds to a pre-paid card, the method comprising:
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receiving authorization by a computer associated with a bank defining a bank computer in a first computer process from a computer associated with a lender defining a lender computer to credit loan proceeds from the lender to an approved borrower on an existing pre-paid card associated with a pre-paid card processor; and crediting the loan proceeds relatively instantaneously in a second computer process by the bank computer to a computer associated with the pre-paid card processor defining a pre-paid card processor computer responsive to the received authorization from the first computer process for the existing pre-paid card so that the loan proceeds are released to the approved borrower and are immediately available to thereby convert the pre-paid card into a loan delivery apparatus. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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Specification