Bill Payment Card Method and System

• US 20100042540A1
• Filed: 09/22/2009
• Published: 02/18/2010
• 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:
  US12/564,474
• Publication Number:
  US 20100042540A1
• Time in Patent Office: Days
• US Class Current: 705/40
• 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

1-16. -16. (canceled)

17. A method of managing a payment system to provide payment to a first pre-existing customer account with a first provider of goods or services, the system configured to facilitate the insertion of value into a plurality of pre-existing customer accounts, including the first pre-existing customer account, with a plurality of providers of goods or services, including the first provider, the system being managed among the provider, a terminal, and a central processor, the central processor being in selective communication with the provider and the terminal, the method comprising:

receiving a request to provide payment to the first pre-existing customer account, the request comprising an identification of the first provider;

determining the first pre-existing customer account and communicating with the first provider to determine a balance of and current amount due for the first pre-existing customer account;

determining any fees or taxes applicable to the first pre-existing customer account with the first provider;

conveying to the customer;

the balance of the first pre-existing customer account; and

the total amount currently due, including any determined applicable fees or taxes, for the first pre-existing customer account;

receiving value from the customer; and

inserting the value received from the customer into the first pre-existing customer account with the first provider.

18. The method of claim 17, further comprising activating the payment card by:

receiving at the central processor a request to activate a payment card, comprising an identifier associated with the payment card;

activating the payment card by associating the first pre-existing customer account with the payment card by;

receiving at the central processor information identifying the first provider and the first pre-existing customer account; and

confirming that the identified first pre-existing customer account is valid by establishing selective communication between the central processor and the first provider.

19. The method of claim 18, wherein the identifier on the payment card comprises machine readable data, selected from the group consisting of a bar code, a magnetic stripe, an RFID tag, or a smart-chip.

20. The method of claim 17, wherein the payment card is associated with at least the first provider prior to receiving the request to provide payment.

21. The method of claim 17, wherein the plurality of providers with which the payment card may be used are printed on the card or on packaging associated with the payment card.

22. The method of claim 17, wherein the applicable fees and taxes are determined based upon a geographic location from which the request to provide payment was received.

23. The method of claim 17, wherein the applicable fees and taxes are determined based upon a geographic location with which the first pre-existing customer account is associated with.

24. The method of claim 17, wherein the applicable fees and taxes are determined based upon the type of provider of goods or services the first provider qualifies as.

25. The method of claim 17, wherein the applicable fees and taxes are determined based upon information received at the central processor from the first provider.

26. The method of claim 17, further comprising providing an indication to the customer that the value has been inserted.

27. The method of claim 17, wherein the step of receiving value from the customer comprises receiving value from a retailer terminal.

28. The method of claim 17, wherein the step of receiving value from the customer comprises receiving account information from a customer via a telecommunication system.

29. The method of claim 17, further comprising:

associating a second pre-existing customer account with a second provider with the payment card;

receiving a request to provide payment to the second pre-existing customer account, the request comprising an identification of the second provider;

determining the second pre-existing customer account and communicating with the second provider to determine a balance of and current amount due for the second pre-existing customer account;

determining any fees or taxes applicable to the second pre-existing customer account with the second provider;

conveying to the customer;

the balance of the second pre-existing customer account; and

the total amount currently due, including any determined applicable fees or taxes, for the second pre-existing customer account;

receiving value from the customer; and

inserting the value received from the customer into the second pre-existing customer account with the second provider.

30. The method of claim 29, wherein the payment card is associated with the first provider and the second provider prior to receiving the request to provide payment.

31. The method of claim 29, further comprising:

conveying to the customer the total amount due for both the first pre-existing customer account and the second pre-existing customer account;

receiving value from the customer;

receiving from the customer an indication of the amount of value to provide each of the first and second pre-existing customer accounts;

inserting the indicated amount of value received from the customer into the first and second pre-existing customer accounts.

32. The method of claim 29, further comprising providing an indication to the customer of the first and second providers associated with the payment card, and receiving a selection of at least one of the providers for payment. third party payees;

and

33. A method of managing a payment system to provide payment to a first pre-existing customer account with a first provider of goods or services, the system configured to facilitate the insertion of value into a plurality of pre-existing customer accounts, including the first pre-existing customer account, with a plurality of providers of goods or services, including the first provider, the system being managed among the provider, a terminal, and a central processor, the central processor being in selective communication with the provider and the terminal, the method comprising:

receiving at the central processor a request to activate a payment card, comprising an identifier associated with the payment card;

activating the payment card by associating the first pre-existing customer account with the payment card by;

receiving at the central processor information identifying the first provider and the first pre-existing customer account; and

confirming that the identified first pre-existing customer account is valid by establishing selective communication between the central processor and the first provider.

receiving a request to provide payment to the first pre-existing customer account, the request comprising an identification of the first provider;

determining the first pre-existing customer account and communicating with the first provider to determine a balance of and current amount due for the first pre-existing customer account;

determining any fees or taxes applicable to the first pre-existing customer account with the first provider based upon the type of provider of goods or services the first provider is and based upon information received at the central processor from the first provider;

conveying to the customer;

the balance of the first pre-existing customer account; and

the total amount currently due, including any determined applicable fees or taxes, for the first pre-existing customer account;

receiving value from the customer; and

inserting the value received from the customer into the first pre-existing customer account with the first provider.