On-us cash withdrawal at a point-of-sale

• US 7,676,395 B2
• Filed: 05/27/2005
• Issued: 03/09/2010
• Est. Priority Date: 10/14/2003
• Status: Active Grant

• Current Assignee: CC Serve Corp. (Atlanticus Holdings Corporation)
• Original Assignee: Compucredit Intellectual Property Holdings Corporation II
• Inventors: Harris, Dwight, Srinvasan, Krishnamoorthy, Foss, Jr., Sheldon H.
• Primary Examiner(s): Zeender, F.
• Assistant Examiner(s): Champagne, Luna
• Application Number:
  US11/139,772
• Publication Number:
  US 20070007333A1
• Time in Patent Office: 1,747 Days
• Field of Search: 705/16
• US Class Current: 705/16
• CPC Class Codes: G06Q 20/04 Payment circuits
• 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 20/20 Point-of-sale [POS] network systems
• 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 20/26 Debit schemes, e.g. "pay now"
• CPC Class Codes: G06Q 20/342 Cards defining paid or billed services or quantities
• 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 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G07F 19/203 Dispensing operations within ATMs dispensing in general G07D11/00
• CPC Class Codes: G07F 7/025 by means, e.g. cards, providing billing information at the time of purchase, e.g. identification of seller or purchaser, quantity of goods delivered or to be delivered
• CPC Class Codes: G07G 1/12 electronically operated digital data processing aspects G06Q20/00

Abstract

Various embodiments of systems, methods, computer programs, merchant terminals, etc. for providing an on-us cash withdrawal service at a point-of-sale are provided. One embodiment comprises a method for providing a cash withdrawal service at a point-of-sale. One such method comprises: issuing an association-branded financial card to a cardholder, the association-branded financial card comprising an association account number corresponding to a credit card association and a proprietary account number corresponding to an issuer of the association-branded financial card; at a merchant terminal, reading the proprietary account number from the association-branded financial card and receiving a cash withdrawal amount; providing the proprietary account number and the cash withdrawal amount to a switch associated with the issuer; at the switch, determining the association account number based on the proprietary account number; and authorizing the cash withdrawal amount by submitting an authorization request to a issuing host, the authorization request including the association account number and the cash withdrawal amount.

Claims

1. A method for providing a cash withdrawal service at a point-of-sale, the method comprising:

providing an association-branded financial card to a cardholder which stores both a proprietary account number and an association account number, the proprietary account number corresponding to an issuer of the financial card and the association account number corresponding to an association network;

initiating an on-us cash withdrawal transaction at a point-of sale terminal using the association-branded financial card, wherein the on-us cash withdrawal transaction comprises an electronic transaction which is acquired by the issuer of the financial card rather than the association network; and

electronically providing the on-us cash withdrawal transaction using both the association account number and the proprietary account number by;

in response to the initiation of the on-us cash withdrawal transaction, the point-of-sale terminal electronically reading the proprietary account number without reading the association account number;

the point-of-sale terminal determining a cash withdrawal amount for the on-us cash withdrawal transaction to be withdrawn from an account associated with the association-branded financial card;

the point-of-sale terminal providing the proprietary account number and the cash withdrawal amount to a switch associated with the issuer of the association-branded financial card without electronically accessing the association network;

the switch determining the association account number based on the proprietary account number; and

the issuer electronically authorizing the cash withdrawal amount based on the association account number without electronically accessing the association network.

2. The method of claim 1, wherein the association-branded financial card comprises a stored value card.

3. The method of claim 1, wherein the determining the proprietary account number associated with the association-branded financial card comprises reading data from a track in a magnetic strip of the association-branded financial card.

4. The method of claim 1, wherein the providing the proprietary account number and the cash withdrawal amount to a switch comprises submitting an authentication request to the switch.

5. The method of claim 1, wherein the determining the association account number based on the proprietary account number involves a look-up table at the switch.

6. The method of claim 1, wherein the authorizing the cash withdrawal amount comprises submitting an authorization request to a host.