Debit purchasing of stored value card for use by and/or delivery to others

• US 7,174,317 B2
• Filed: 11/15/2004
• Issued: 02/06/2007
• Est. Priority Date: 06/22/1998
• Status: Expired due to Term

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Norwine, Jeffrey, Joines, Penny, Phillips, Gregory Joseph, Deporte, Rebecca
• Primary Examiner(s): Diaz, Susanna M.
• Application Number:
  US10/987,104
• Publication Number:
  US 20050097045A1
• Time in Patent Office: 813 Days
• Field of Search: 705/41, 705/1, 705/14, 705/26
• US Class Current: 705/41
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G06Q 20/355 Personalisation of cards for use
• 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 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0215 Including financial accounts
• CPC Class Codes: G06Q 30/0234 Rebates after completed purchase
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0609 Buyer or seller confidence or verification
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G07F 17/42 for ticket printing or like apparatus , e.g. apparatus for dispensing of printed paper tickets or payment cards
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system
• CPC Class Codes: G07G 1/0036 Checkout procedures

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.

Claims

1. A computer-implemented system for issuing a stored value card affiliated with a predetermined transaction network and an issuer, comprising:

a central processor;

an input processor electrically connected and responsive to the central processor for enabling a customer to input information including a prepayment amount in connection with a prepaid card, and for generating an information signal to

the central processor;

a processor for receiving payment from the customer for the prepayment amount;

an output processor for communicating prompting data, wherein the prompting data is operative to prompt the customer to input the information including the prepayment amount; and

a network interface device electrically connected and responsive to said central processor for interfacing with a communications network to connect to a remote central server, wherein said central processor is programmed to transmit the customer inputted information including the prepayment amount through the communications network to the remote central server, wherein the remote central server is configured to store account data associated with the prepaid card based on the customer inputted information;

a processor for creating in a database a separate and independent prepaid card account, wherein the prepaid card account comprises information of;

a) an account number of a prepaid card; and

b) a purchase value of the prepaid card;

a processor for activating the separate and independent prepaid card account;

a processor for issuing the prepaid card to a customer, wherein the prepaid card is marked with the name of the customer before issuance;

a processor for reloading the separate and independent prepaid card account in response to receiving a reload request from the customer;

wherein the customer is provided with the option of identifying the authorized user as the customer or a separate recipient.

2. The prepaid card system of claim 1, wherein the communications network is the Internet.

3. The prepaid card system of claim 2, further comprising a communications channel connecting the network interface device to the Internet.

4. The prepaid card system of claim 1, wherein the prepaid card includes indicia which is related to the account data of the remote central server.

5. The prepaid card system of claim 4, further comprising a prepaid card reader for reading the prepaid card indicia.

6. The prepaid card system of claim 4, wherein the indicia represents an identifier corresponding to the account data associated with the prepaid card.

7. The prepaid card system of claim 1, further comprising a processor for passing a prepaid card to the customer based on a request for a prepaid card.

8. The prepaid card system of claim 1, further comprising a processor for accepting cash to pay for the prepaid card.

9. The prepaid card system of claim 1, wherein the account data includes a prepaid balance amount and a spending history.

10. A method for enabling a customer to perform a prepay transaction in connection with a prepaid card, said method comprising:

identifying a prepaid card;

receiving information associated with the selection of a prepayment amount;

accepting payment from the customer to pay for the selected prepayment amount;

transmitting information identifying a prepaid card and information identifying the selected prepayment amount from a central processor to a remote central server adapted for storing and maintaining account data including a balance amount in a separate and independent prepaid card account, wherein the account data is associated with the prepaid card, and wherein the identification and the prepayment amount are transmitted via a communications network; and

adding the selected prepayment amount to the balance amount on the remote central server;

activating the separate and independent prepaid card account;

issuing the prepaid card to the customer, wherein the prepaid card is marked with the name of the customer before issuance;

reloading the separate and independent prepaid card account in response to receiving a reload request from the customer;

wherein the customer is provided with the option of identifying the authorized user as the customer or a separate recipient.

11. The method of claim 10, further comprising passing the prepaid card to the customer.

12. A computer-implemented method for issuing a stored value card affiliated with a predetermined transaction network and an issuer, comprising:

receiving customer input information including a prepayment amount in connection with a prepaid card;

generating an information signal to the central processor;

receiving payment from the customer for the prepayment amount;

communicating prompting data, wherein the prompting data is operative to prompt the customer to input the information including a prepayment amount; and

transmitting the customer inputted information including the prepayment amount through a communications network to a remote central server, wherein the remote central server is configured to store account data associated with the prepaid card based on the customer inputted information in a separate and independent prepaid card account;

activating the separate and independent prepaid card account;

issuing the prepaid card to a customer, wherein the prepaid card is marked with the name of the customer before issuance; and

reloading the separate and independent prepaid card account in response to receiving a reload request from the customer;

wherein the customer is provided with the option of identifying the authorized user as the customer or a separate recipient.

13. The prepaid card method of claim 12, wherein the communications network is the Internet.

14. The prepaid card method of claim 13, wherein a communications channel connects the network interface device to the Internet.

15. The prepaid card method of claim 12, wherein the prepaid card includes indicia which is related to the account data of the remote central server.

16. The prepaid card method of claim 15, further comprising:

reading the prepaid card indicia by a prepaid card reader.

17. The prepaid card method of claim 15, wherein the indicia represents an identifier corresponding to the account data associated with the prepaid card.

18. The prepaid card method of claim 12, further comprising:

passing a prepaid card to the customer based on a request for a prepaid card.

19. The prepaid card method of claim 12, further comprising:

accepting cash to pay for the prepaid card.

20. The prepaid card method of claim 12, wherein the account data includes a prepaid balance amount and a spending history.

21. A system for enabling a customer to perform a prepay transaction in connection with a prepaid card, said method comprising:

a processor for identifying a prepaid card;

a processor for receiving information associated with the selection of a prepayment amount;

a processor for accepting payment from the customer to pay for the prepayment amount selected;

a central processor for transmitting information identifying a prepaid card and information identifying the selected prepayment amount to a remote central server adapted for storing and maintaining account data including a balance amount in a separate and independent account, wherein the account data is associated with the prepaid card, and wherein the identification and the prepayment amount are transmitted via a communications network;

a processor for adding the selected prepayment amount to the balance amount on the remote central server;

a processor for activating the separate and independent prepaid card account;

a processor for issuing the prepaid card to a customer, wherein the prepaid card is marked with the name of the customer before issuance; and

a processor for reloading the separate and independent prepaid card account in response to receiving a reload request from the customer

wherein the customer is provided with the option of identifying the authorized user as the customer or a separate recipient.

22. The system of claim 21, further comprising:

a processor for passing the prepaid card to the customer.

23. A computer-implemented system for issuing a stored value card affiliated with a predetermined transaction network and an issuer, comprising:

a central processor;

an input processor electrically connected and responsive to the central processor for enabling a customer to input information including a prepayment amount in connection with a prepaid card, and for generating an information signal to the central processor;

a processor for receiving payment from the customer for the prepayment amount;

an output processor for communicating prompting data, wherein the prompting data is operative to prompt the customer to input the information including the prepayment amount; and

a network interface device electrically connected and responsive to said central processor for interfacing with the Internet to connect to a remote central server, wherein said central processor is programmed to transmit the customer inputted information including the prepayment amount through the communications network to the remote central server, wherein the remote central server is configured to store account data associated with the prepaid card based on the customer inputted information in a separate and independent prepaid card account, wherein the account data includes a prepaid balance amount and a spending history, and wherein the prepaid card includes indicia representing an identifier corresponding to the account data associated with the prepaid card;

a processor for activating the separate and independent prepaid card account;

a processor for issuing the prepaid card to a customer, wherein the prepaid card is marked with the name of the customer before issuance; and

a processor for reloading the separate and independent prepaid card account in response to receiving a reload request from the customer;

wherein the customer is provided with the option of identifying the authorized user as the customer or a separate recipient.