Systems, methods and devices for selling transaction instruments
First Claim
1. A method for creating an open transaction instrument for use in a retail environment, comprising:
- receiving a plurality of account codes;
configuring one of the plurality of account codes to respectively correspond to one of a plurality of tracking codes; and
,facilitating sale of the open transaction instrument, wherein one of the plurality of account codes is respectively associated with a transaction account and the transaction account is associated with the open transaction instrument, and wherein at least one of;
a package, another item within the package and the open transaction instrument includes one of the plurality of tracking codes, wherein the package contains the open transaction instrument and wherein the open transaction instrument is offered by a merchant to a consumer and is directly accessible by the consumer.
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Accused Products
Abstract
The present invention generally relates to a system and method for distributing an open transaction instrument. The system includes the steps of: accessibly offering for sale, in a retail environment, the open transaction instrument; selling a selected open transaction instrument; and enabling the use of the open transaction instrument. The transaction instrument may be, for example, an open pre-paid card. Furthermore, accessibly offering the open pre-paid card for sale, in one exemplary embodiment, is performed by hanging the pre-paid card on a rack. The distribution of the open transaction instrument may also comprise the step of sending a message, in substantially real time, causing the pre-paid open transaction instrument to be funded but not activated. Also, in accordance with further exemplary embodiments of the present invention, an issuer system is suitably configured to leverage existing infrastructure for inventory and related processes.
126 Citations
32 Claims
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1. A method for creating an open transaction instrument for use in a retail environment, comprising:
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receiving a plurality of account codes; configuring one of the plurality of account codes to respectively correspond to one of a plurality of tracking codes; and
,facilitating sale of the open transaction instrument, wherein one of the plurality of account codes is respectively associated with a transaction account and the transaction account is associated with the open transaction instrument, and wherein at least one of;
a package, another item within the package and the open transaction instrument includes one of the plurality of tracking codes, wherein the package contains the open transaction instrument and wherein the open transaction instrument is offered by a merchant to a consumer and is directly accessible by the consumer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A method for funding an open transaction instrument for use in a retail environment, comprising:
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receiving a tracking code, wherein at least one of;
a package, another item in the package and the open transaction instrument includes the tracking code, and wherein the package contains the open transaction instrument;converting the tracking code to a corresponding account code associated with the open transaction instrument, wherein the open transaction instrument is directly accessible by a consumer, wherein the open transaction instrument is offered by a merchant to the consumer and wherein the account code is associated with a transaction account and the transaction account is associated with the open transaction instrument; transmitting the corresponding account code to an issuer to facilitate funding of the open transaction instrument; receiving an approval message from the issuer; re-converting the corresponding account code back to the tracking code; and
,transmitting the approval message. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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Specification