PREPAID ACCOUNT FUNDS TRANSFER APPARATUSES, METHODS AND SYSTEMS

• US 20110202455A1
• Filed: 02/15/2011
• Published: 08/18/2011
• Est. Priority Date: 02/15/2010
• Status: Active Grant

• Current Assignee: Visa USA, Inc. (Visa, Inc.)
• Original Assignee: Visa USA, Inc. (Visa, Inc.)
• Inventors: Vasten, Brett, Mathias, Virgil
• Granted Patent: US 9,355,390 B2
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"

Abstract

The PREPAID ACCOUNT FUNDS TRANSFER APPARATUSES, METHODS AND SYSTEMS (“PAFT”) transform prepaid account invitation requests via PAFT components into scheduled prepaid account transactions. In one embodiment, the PAFT obtains, from a transferor user holding a transferor prepaid account, a prepaid account invitation request specifying a transferee user and a prepaid funds transfer amount. The PAFT generates a customized prepaid account invitation for the transferee user based on the prepaid account invitation request, and provides the customized prepaid account invitation for the transferee user. Upon obtaining an invitation acceptance from the transferee user in response to the provided customized prepaid account invitation, the PAFT creates a transferee prepaid account for the transferee user, and transfers, upon creating the transferee prepaid account, the prepaid funds transfer amount of funds specified in the prepaid account invitation request from the transferor prepaid account to the created transferee prepaid account.

Claims

1. A prepaid account funds transfer processor-implemented method, comprising:

obtaining, from a transferor user holding a transferor prepaid account, a prepaid account invitation request specifying a transferee user and a prepaid funds transfer amount;

generating a customized prepaid account invitation for the transferee user based on the prepaid account invitation request;

providing the customized prepaid account invitation for the transferee user;

obtaining an invitation acceptance from the transferee user in response to the provided customized prepaid account invitation;

creating, via a processor, a transferee prepaid account for the transferee user; and

transferring, upon creating the transferee prepaid account, the prepaid funds transfer amount of funds specified in the prepaid account invitation request from the transferor prepaid account to the created transferee prepaid account.

2. The method of claim 1, further comprising:

providing a prepaid account application for the transferee user; and

obtaining a completed prepaid account application;

wherein the transferee prepaid account is created based on the completed prepaid account application.

3. The method of claim 2, wherein creation of the transferee prepaid account is contingent upon the transferee user passing a screening test based on the completed prepaid account application.

4. The method of claim 1, wherein the transferee prepaid account is created locally.

5. The method of claim 1, wherein the customized prepaid account invitation is customized based on an attribute of a transferee client device of the transferee user.

6. The method of claim 1, further comprising:

generating a prepaid account funds transfer schedule for transfer of funds between the transferor prepaid account and the transferee prepaid account; and

transferring a scheduled transfer amount from the transferor prepaid account to the created transferee prepaid account based on the generated prepaid account funds transfer schedule.

7. The method of claim 6, wherein at least one scheduled funds transfer included in the prepaid account funds transfer schedule specifies transferring funds from the transferee prepaid account to the transferor prepaid account.

8. A prepaid account funds transfer system, comprising:

a memory; and

a processor disposed in communication with the memory and configured to issue processing instructions stored in the memory to;

obtain, from a transferor user holding a transferor prepaid account, a prepaid account invitation request specifying a transferee user and a prepaid funds transfer amount;

generate a customized prepaid account invitation for the transferee user based on the prepaid account invitation request;

provide the customized prepaid account invitation for the transferee user;

obtain an invitation acceptance from the transferee user in response to the provided customized prepaid account invitation;

create a transferee prepaid account for the transferee user; and

transfer, in response to creating the transferee prepaid account, the prepaid funds transfer amount of funds specified in the prepaid account invitation request from the transferor prepaid account to the created transferee prepaid account.

9. The system of claim 8, the memory further storing processing instructions to:

provide a prepaid account application form for the transferee user; and

obtain a completed prepaid account application form;

wherein the transferee prepaid account is created based on the completed prepaid account application form.

10. The system of claim 9, wherein creation of the transferee prepaid account depends on the transferee user passing a screening test based on the completed prepaid account application.

11. The system of claim 8, wherein the transferee prepaid account is created locally.

12. The system of claim 8, wherein the customized prepaid account invitation is customized based on an attribute of a transferee client device of the transferee user.

13. The system of claim 8, the memory further storing processing instructions to:

generate a prepaid account funds transfer schedule for transfer of funds between the transferor prepaid account and the transferee prepaid account; and

transfer a scheduled transfer amount from the transferor prepaid account to the created transferee prepaid account according to the generated prepaid account funds transfer schedule.

14. The system of claim 13, wherein at least one scheduled funds transfer included in the prepaid account funds transfer schedule specifies transferring funds from the transferee prepaid account to the transferor prepaid account.

15. A processor-readable tangible medium storing processor-issuable prepaid account funds transfer instructions to:

obtain, from a transferor user holding a transferor prepaid account, a prepaid account invitation request specifying a transferee user and a prepaid funds transfer amount;

generate a customized prepaid account invitation for the transferee user based on the prepaid account invitation request;

provide the customized prepaid account invitation for the transferee user;

obtain an invitation acceptance from the transferee user in response to the provided customized prepaid account invitation;

create a transferee prepaid account for the transferee user; and

transfer, in response to creating the transferee prepaid account, the prepaid funds transfer amount of funds specified in the prepaid account invitation request from the transferor prepaid account to the created transferee prepaid account.

16. The medium of claim 15, further storing processing instructions to:

provide a prepaid account application for the transferee user; and

obtain a completed prepaid account application;

wherein the transferee prepaid account is created based on the completed prepaid account application form.

17. The medium of claim 16, wherein creation of the transferee prepaid account depends on the transferee user passing a screening test based on the completed prepaid account application.

18. The medium of claim 15, wherein the transferee prepaid account is created locally.

19. The medium of claim 15, wherein the customized prepaid account invitation is customized based on an attribute of a transferee client device of the transferee user.

20. The medium of claim 15, further storing processing instructions to:

generate a prepaid account funds transfer schedule for transfer of funds between the transferor prepaid account and the transferee prepaid account; and

transfer a scheduled transfer amount from the transferor prepaid account to the created transferee prepaid account according to the generated prepaid account funds transfer schedule.

21. The medium of claim 20, wherein at least one scheduled funds transfer included in the prepaid account funds transfer schedule specifies transferring funds from the transferee prepaid account to the transferor prepaid account.