SYSTEM AND METHOD TO ALLOW ACCESS TO A VALUE HOLDING ACCOUNT

• US 20120246070A1
• Filed: 06/11/2012
• Published: 09/27/2012
• Est. Priority Date: 12/03/2008
• Status: Active Grant

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: eBay Inc.
• Inventors: Vadhri, Srinivas
• Granted Patent: US 8,800,865 B2
• Time in Patent Office: Days
• US Class Current: 705/42
• CPC Class Codes: G06Q 20/34 using cards, e.g. integrated circuit [IC] cards or magnetic cards
• CPC Class Codes: G06Q 20/367 involving electronic purses or money safes
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

Example systems and methods that allow access to a value holding account are described. In one implementation, a method receives a first request for a second account code after activation of a selector on an account access object associated with a value holding account. The second account access code is associated with a first account access code that is associated with the value holding account. The first account code allows access to the value holding account for a first determinable period. The method generates a second request for the second account code and communicates the second request to the value holding account. The second account code is received from the value holding account and allows access to the value holding account for a second determinable period that differs from the first determinable period. The method provides the second account code to a user of the account access object.

Claims

1. A processor-implemented method comprising:

receiving a first request for a second account code responsive to activation of a selector on an account access object, the account access object associated with a value holding account, the second account code associated with a first account code that is associated with the value holding account, the first account code allowing access to the value holding account for a first determinable period;

generating a second request for the second account code responsive to receiving the first request for the second account code;

communicating the second request for the second account code to the value holding account;

receiving the second account code from the value holding account, the second account code allowing access to the value holding account for a second determinable period that is different from the first determinable period; and

providing the second account code to a user of the account access object responsive to receiving the second account code from the value holding account.

2. The method of claim 1, wherein the account access object is a cell phone.

3. The method of claim 2, the providing of the second account code including displaying the second account code on a display associated with the cell phone.

4. The method of claim 1, wherein the account access object is a financial instrument.

5. The method of claim 1, the selector on the account access object including a touch sensitive screen.

6. The method of claim 5, the activation of the selector on the account access object including the user contacting the touch sensitive screen.

7. The method of claim 1, the selector on the account access object including a software application executing on the account access object.

8. The method of claim 7, the activation of the selector on the account access object including interacting with the software application executing on the account access object.

9. The method of claim 1, the providing of the second account code including displaying the second account code on a display associated with the account access object.

10. The method of claim 1, the providing of the second account code including at least one of displaying the second account code within a barcode on a display associated with the account access object, and including the second account code within a magnetic encoder associated with the account access object.

11. The method of claim 1, the communicating of the second request for the second account code including wirelessly communicating the second request for the second account code to an account server associated with the value holding account.

12. The method of claim 11, the receiving of the second account code from the value holding account including wirelessly receiving the second account code from the account server associated with the value holding account.

13. The method of claim 1, the value holding account including at least one of a credit card account, a charge card account, a debit card account, and a gift card account, and the first account code including at least one of a credit card number, a charge card number, a debit card number, and a gift card number.

14. The method of claim 1, the second determinable period expiring at or before the first determinable period.

15. A non-transitory machine-readable storage medium comprising instructions that, when executed by one or more processors of a machine, cause the machine to perform operations comprising:

receiving a first request for a second account code responsive to activation of a selector on an account access object, the account access object associated with a value holding account, the second account code associated with a first account code that is associated with the value holding account, the first account code allowing access to the value holding account for a first determinable period;

generating a second request for the second account code responsive to receiving the first request for the second account code;

communicating the second request for the second account code to the value holding account;

receiving the second account code from the value holding account, the second account code allowing access to the value holding account for a second determinable period that is different from the first determinable period; and

providing the second account code to a user of the account access object responsive to receiving the second account code from the value holding account.

16. The non-transitory machine-readable storage medium of claim 15, the account access object being a cell phone and the providing of the second account code including displaying the second account code on a display associated with the cell phone.

17. The non-transitory machine-readable storage medium of claim 15, the second determinable period expiring at or before the first determinable period.

18. The non-transitory machine-readable storage medium of claim 15, the selector on the account access object being a touch sensitive screen.

19. The non-transitory machine-readable storage medium of claim 18, the activation of a selector on an account access object including the user contacting the touch sensitive screen.

20. The non-transitory machine-readable storage medium of claim 15, the communicating of the second request for the second account code including wirelessly communicating the second request for the second account code to an account server associated with the value holding account.