Family stored value card program

• US 7,204,412 B2
• Filed: 12/27/2004
• Issued: 04/17/2007
• Est. Priority Date: 08/27/2003
• Status: Active Grant

• Current Assignee: CC Serve Corp. (Atlanticus Holdings Corporation)
• Original Assignee: Compucredit Intellectual Property Holdings Corporation II
• Inventors: Foss, Jr., Sheldon H.
• Primary Examiner(s): Lee, Michael G.
• Assistant Examiner(s): Trail, Allyson N
• Application Number:
  US11/022,739
• Publication Number:
  US 20050098624A1
• Time in Patent Office: 841 Days
• Field of Search: 235/380, 235/379, 235/381, 705/64, 705/68
• US Class Current: 235/380
• CPC Class Codes: G06F 21/31 User authentication
• CPC Class Codes: G06F 2221/2107 File encryption
• CPC Class Codes: G06F 2221/2117 User registration
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 20/2295 Parent-child type, e.g. where parent has control on child rights
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/347 Passive cards
• CPC Class Codes: G06Q 20/363 with the personal data of a user
• CPC Class Codes: G06Q 20/3676 Balancing accounts
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• 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
• CPC Class Codes: G07C 9/33 by means of a password
• CPC Class Codes: G07F 7/0866 by active credit-cards adapted therefor G07F7/1008 takes precedence
• CPC Class Codes: G07F 7/10 together with a coded signal , e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data
• 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: G07F 7/1025 Identification of user by a PIN code
• CPC Class Codes: G07F 7/1075 : PIN is checked remotely

Abstract

A family stored value card program is provided. One embodiment is a method for implementing a stored value card program. One such method comprises: identifying an existing stored value card account; and enabling a first customer associated with the existing stored value card account to establish a new stored value card account associated with a second customer, the new stored value card account linked to the first stored value card account.

Claims

1. A method for implementing a stored value card program, the method comprising:

enrolling a first customer in a stored value card program with a first stored value card account;

enabling the first customer to create a second stored value card account for a second customer, wherein the second stored value card account comprises a secondary account associated with the first stored value account;

enabling the first customer to identify the second customer;

receiving information that identifies the second customer, wherein the information was provided by the first customer;

authenticating the second customer using information provided by the first customer;

responsive to the authentication of the second customer, creating the second stored value card account for the second customer; and

establish a maximum value for an aggregate balance on the first stored value card account and the second stored value card account.