Anonymous redemption and stored value system and method

• US 6,834,796 B2
• Filed: 08/20/2002
• Issued: 12/28/2004
• Est. Priority Date: 08/31/2000
• Status: Expired due to Fees

• Current Assignee: Level A LLC
• Original Assignee: Level Z LLC
• Inventors: Anvekar, Dinesh Kashinath, Mangla, Rajiv, Sundaram, Sridhar, Gopinath, Bhaskarpillai
• Primary Examiner(s): ST CYR, DANIEL
• Application Number:
  US10/224,080
• Publication Number:
  US 20020190123A1
• Time in Patent Office: 861 Days
• Field of Search: 235/379, 235/380, 235/382, 235/385, 235/487, 235/492, 705/17, 705/28, 705/41
• US Class Current: 235/380
• 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 20/385 using an alias or single-use codes

Abstract

A stored value commerce system and method enabling the anonymous creation and usage of stored value accounts for purchase of goods and/or services, including the anonymous redemption of a value up to a maximum of the balance value associated with a stored value account.

Claims

1. A method for anonymously certifying a value from a stored value account associated with a stored value card holder (SVCH) comprising

submitting an authorization request to a stored value card provider (SVCP) from the SVCH to guarantee the value, the authorization request including an anonymous account identifier for the SVCH, and

sending an authorization response corresponding to the authorization request from the SVCP to the SVCH, the response including an anonymous user authorization number, distinct from the account identifier, provided by the SVCP and linked to the value whenever the value does not exceed the stored value in the account of the SVCH.

2. The method as recited in claim 1 which further includes utilizing the user authorization number in lieu of the account identifier for a purchase or a redemption limited to the value.

3. The method as recited in claim 2 wherein the user authorization number may only be used once, whereupon the user authorization number is voided.

4. The method as recited in claim 2 wherein the user authorization number may be used more than once to fully draw down the value.

5. The method as recited in claim 2 wherein an authorized delegate of the SVCH, in addition to the SVCH, may utilize the user authorization number for the purchase or the redemption.

6. The method as recited in claim 2 wherein the redemption is completed at a Stored Value Redeeming Machine or an Automated Teller Machine.

7. The method as recited in claim 1, in response to the submitting, further including generating a sub-account for the SVCH, the sub-account including the user authorization number associated with the value, the sub-account being utilized to track the purchase or the redemption.

8. The method as recited in claim 7 wherein a stored value card is initially purchased from a point-of-sale terminal by the SVCH for an initial value used to certify the value.

9. The method as recited in claim 8 which further includes providing the stored value card to a point-of-sale (POS) terminal, the POS terminal dispensing the stored value card to the SVCH in exchange for monetary consideration.

10. A method for anonymously redeeming a value from a stored value account associated with a stored value card holder (SVCH) comprising

submitting an authorization request to a stored value card provider (SVCP) from the SVCH to redeem the value, the authorization request including an anonymous account identifier for the SVCH,

sending an authorization response corresponding to the authorization request from the SVCP to the SVCH , the response including an anonymous redemption authorization number (RAN) provided by the SVCP and linked to the value whenever the value does not exceed the stored value in the account of the SVCH,

transmitting a redemption request to a stored value redemption machine (SVRM), the redemption request including the RAN, and

issuing the value to the SVCH from the SVRM in response to the redemption request.

11. The method as recited in claim 10 wherein the RAN may only be used once, whereupon the user authorization number is voided.

12. The method as recited in claim 10 wherein the RAN may be used more than once to fully draw down the value.

13. The method as recited in claim 10 wherein an authorized delegate of the SVCH, in addition to the SVCH, may utilize the RAN for the redemption.

14. The method as recited in claim 10, in response to the submitting, further including generating a sub-account for the SVCH, the sub-account including the RAN associated with the value, the sub-account being utilized to track the redemption.

15. The method as recited in claim 14 wherein a stored value card is initially purchased from a point-of-sale terminal by the SVCH for an initial value which is used to certify the value.

16. The method as recited in claim 15 which further includes providing the stored value card to a point-of-sale (POS) terminal, the POS terminal dispensing the stored value card to the SVCH in exchange for monetary consideration.

17. The method as recited in claim 10 wherein the redemption is completed at a Stored Value Redeeming Machine or an Automated Teller Machine.

18. A method for anonymously guaranteeing a value from a stored value account associated with a stored value card holder (SVCH) comprising

submitting an authorization request to a stored value card provider (SVCP) from the SVCH to redeem the value, the authorization request including an anonymous account identifier for the SVCH,

sending an authorization response corresponding to the authorization request from the SVCP to the SVCH, the response including an anonymous purchase authorization number (PAN) provided by the SVCP and linked to the value whenever the value does not exceed the stored value in the account of the SVCH,

transmitting a purchase request from a seller to the SVCP, the purchase request including the PAN, and

authorizing the purchase from the seller by the SVCP in response to the purchase request.

19. The method as recited in claim 18 wherein the PAN may only be used once, whereupon the user authorization number is voided.

20. The method as recited in claim 18 wherein the PAN may be used more than once to fully draw down the value.

21. The method as recited in claim 18 wherein an authorized delegate of the SVCH, in addition to the SVCH, may utilize the PAN for the purchase.

22. The method as recited in claim 18, in response to the submitting, further including generating a sub-account for the SVCH, the sub-account including the PAN associated with the value, the sub-account being utilized to track the purchase.

23. The method as recited in claim 22 wherein a stored value card is initially purchased from a point-of-sale terminal by the SVCH for an initial value which is used to certify the value.

24. The method as recited in claim 23 further including providing the stored value card to a point-of-sale (POS) terminal, the POS terminal dispensing the stored value card to the SVCH in exchange for monetary consideration.

25. A method for anonymously certifying a value from a stored value account associated with a stored value card holder (SVCH) comprising

submitting an authorization request to a stored value card provider (SVCP) from the SVCH to guarantee the value, the authorization request including an anonymous account identifier for the SVCH,

generating an anonymous user authorization number provided by the SVCP and linked to the value whenever the value does not exceed the stored value in the account of the SVCH,

creating a sub-account for the SVCH to store the user authorization number and the sub-account associated value,

sending an authorization response corresponding to the authorization request from the SVCP to the SVCH, the response including the anonymous user authorization number provided by the SVCP, and

utilizing the user authorization number in lieu of the account identifier for a purchase or a redemption as tracked by the sub-account.

26. A computer readable medium having computer executable instructions for performing steps comprising

receiving an authorization request by a stored value card provider (SVCP) from a stored value card holder (SVCH) to guarantee the value, the authorization request including an anonymous account identifier for the SVCH, and

sending an authorization response corresponding to the authorization request from the SVCP to the SVCP, the response including an anonymous user authorization number provided by the SVCP and linked to the value whenever the value does not exceed the stored value in the account of the SVCH, the user authorization number being used in lieu of the account identifier for a purchase or a redemption limited to the value.

27. A Stored Value Card Provider (SVCP) server comprising:

a storage device; and

a processor coupled to the storage device;

said storage device storing a program for controlling said processor, said processor operative with said program to perform the steps of;

receiving an authorization request by the SVCP from a stored value card holder (SVCH) to guarantee the value, the authorization request including an anonymous account identifier for the SVCH, and

sending an authorization response corresponding to the authorization request from the SVCP to the SVCH , the response including an anonymous user authorization number provided by the SVCP and linked to the value whenever the value does not exceed the stored value in the account of the SVCH, the user authorization number being used in lieu of the account identifier for a purchase or a redemption limited to the value.

28. A system comprising

a Stored Value Card Provider (SVCP), having associated with the SVCP at least one stored value card holder (SVCH) with a pre-paid account, for providing a redemption authorization request (RAN) to the SVCH in response to a request from the SVCH to redeem a value from the account, the RAN being linked to the value and being distinct from the SVCH'"'"'s account identifier, and

a Stored Value Redeeming Machine (SVRM) for receiving the RAN from the SVCH, for providing to the SVCP a redemption authentication request, and for issuing the value to the SVCH upon authentication.

29. A method for anonymously certifying a value from a stored value account associated with a stored value card holder (SVCH) utilizing a trusted agent (TA), the method comprising

submitting a redemption request for the value to the TA, the redemption request including an Automated Teller Machine (ATM) account number of the SVCH with the TA, the identity of a stored value card provider (SVCP), and an anonymous account identifier of the stored value account of the SVCH with the SVCP,

transmitting a transfer request to the SVCP from the TA to guarantee the value, the transfer request including the TARs account number with the SVCP, and the SVCH'"'"'s anonymous account identifier,

transferring the value to the TA'"'"'s account with the SVCP whenever the balance in the stored value account is sufficient to guarantee the value,

debiting the value from the SVCWs account with the SVCP, and

crediting the SVCH'"'"'s ATM account with the value by the TA.

30. The method as recited in claim 29 further including

withdrawing the value by the SVCH from any ATM controlled by the TA, and

debiting the SVCH'"'"'s ATM account with the value withdrawn.

31. A method for anonymously certifying a value from a stored value account associated with a stored value card holder (SVCH) utilizing a trusted agent (TA), the value being credited to an authorized user delegated by the SVCH, the method comprising

submitting a redemption request for the value to the TA, the redemption request including an Automated Teller Machine (ATM) account number of the authorized user with the TA, the identity of a stored value card provider (SVCP), and an anonymous account identifier of the stored value account of the SVCH with the SVCP,

transmitting a transfer request to the SVCP from the TA to guarantee the value, the transfer request including the TA'"'"'s account number with the SVCP, and the SVCH'"'"'s anonymous account identifier,

transferring the value to the TA'"'"'s account with the SVCP whenever the balance in the stored value account is sufficient to guarantee the value,

debiting the value from the SVCH'"'"'s account with the SVCP, and

crediting the authorized user'"'"'s ATM account with the value by the TA.

32. The method as recited in claim 31 further including

withdrawing the value by the authorized user from any ATM controlled by the TA, and

debiting the authorized user'"'"'s ATM account with the value withdrawn.