Debit purchasing of stored value card for use by and/or delivery to others
First Claim
Patent Images
1. A computer implemented method for issuing a stored value card affiliated with a predetermined credit network and an issuer, the method comprising:
- presenting an individual human purchaser with an opportunity to buy the stored value card;
prior to issuing the stored value card, determining with a computer processor whether the individual human purchaser has sufficient funds in a card-based account of the individual human purchaser to pay for the stored value card;
creating in a computer database an independent stored value card account for a recipient designated by the individual human purchaser, wherein the independent stored value card account comprises information about;
a) the recipient'"'"'s name;
b) a stored value card account number; and
c) a stored value card purchase amount;
the independent stored value account being accessible by the recipient to add funds after the card is issued;
issuing the stored value card by the issuer directly to the recipient, wherein the stored value card is marked with the designated recipient'"'"'s name at the time of issuance and at least one of credit network identification indicia associated with the credit network and issuer identification indicia associated with the issuer, and wherein the stored value card is accepted for purchases anywhere the predetermined credit network is accepted for purchases;
receiving notification from the recipient that the stored value card has been received, wherein said notification occurs separate from the recipient'"'"'s use of the card to execute a stored value card transaction;
verifying the identity of the recipient; and
activating the stored value card based on the verification.
8 Assignments
0 Petitions
Accused Products
Abstract
A method of issuing a purchase card is provided. The method includes the steps of presenting a purchaser with the opportunity to buy the purchase card, determining whether the purchaser has sufficient funds to pay for the purchase card, creating a purchase card account for a recipient designated by the purchaser, and issuing the purchase card. The purchase card may also be issued in connection with another credit card, for example as a rebate for purchases on the credit card. The purchase card may also be converted to a credit card.
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Citations
18 Claims
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1. A computer implemented method for issuing a stored value card affiliated with a predetermined credit network and an issuer, the method comprising:
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presenting an individual human purchaser with an opportunity to buy the stored value card;
prior to issuing the stored value card, determining with a computer processor whether the individual human purchaser has sufficient funds in a card-based account of the individual human purchaser to pay for the stored value card;
creating in a computer database an independent stored value card account for a recipient designated by the individual human purchaser, wherein the independent stored value card account comprises information about;
a) the recipient'"'"'s name;
b) a stored value card account number; and
c) a stored value card purchase amount;
the independent stored value account being accessible by the recipient to add funds after the card is issued; issuing the stored value card by the issuer directly to the recipient, wherein the stored value card is marked with the designated recipient'"'"'s name at the time of issuance and at least one of credit network identification indicia associated with the credit network and issuer identification indicia associated with the issuer, and wherein the stored value card is accepted for purchases anywhere the predetermined credit network is accepted for purchases;
receiving notification from the recipient that the stored value card has been received, wherein said notification occurs separate from the recipient'"'"'s use of the card to execute a stored value card transaction;
verifying the identity of the recipient; and
activating the stored value card based on the verification. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A computer implemented system for issuing a stored value card affiliated with a predetermined credit network and an issuer, the system comprising:
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means for presenting an individual human purchaser with an opportunity to buy the stored value card;
means for determining whether the individual human purchaser has sufficient funds available in a card-based account of the individual human purchaser to pay for the stored value card prior to issuing the stored value card;
means for creating an independent stored value card account for a recipient designated by the individual human purchaser, wherein the independent stored value card account comprises information about;
a) the recipient'"'"'s name b) a stored value card account number; and
c) a stored value card purchase amount, the independent stored value account being accessible by the recipient to add funds after the card is issued; means for issuing the stored value card by the issuer directly to the recipient, wherein the stored value card is marked with the designated recipient'"'"'s name at the time of issuance and at least one of credit network identification indicia associated with the credit network and issuer identification indicia associated with the issuer, and wherein the stored value card is accepted for purchase anywhere the predetermined credit network is accepted for purchases; and
means for receiving notification from the recipient that the stored value card has been received wherein said notification occurs separate from the recipient'"'"'s use of the card to execute a stored value card transaction and includes verifying the identity of the recipient and activating the stored value card based on the verification. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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Specification