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RETURN PAYMENT CARD PROCESS

  • US 20110055057A1
  • Filed: 01/20/2010
  • Published: 03/03/2011
  • Est. Priority Date: 08/26/2009
  • Status: Active Grant
First Claim
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1. A computer method comprising:

  • receiving a card number at a computer of a card administration system for a returned payment card comprising a payment card that was intended for use in connection with a cardholder account having a current payment card;

    determining that the card number of the returned payment card is associated with an upgrade card or a replacement card in a card database of the card administration system;

    setting a “

    returned”

    indicator of a data record for the returned payment card in the card database of the card administration system and indicating that the returned payment card is to be destroyed, and maintaining a status of the current payment card in the card database without change;

    generating data for producing a return-replacement payment card associated with the cardholder account if updated profile information of the cardholder account is received at the computer of the card administration system within a predetermined time period, and closing the cardholder account and returning any funds in the cardholder account if no updated profile information of the cardholder account is received within the predetermined time period.

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