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

• US 7,676,415 B2
• Filed: 11/06/2007
• 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: Foss, Jr., Sheldon H., Harris, Dwight, Srinvasan, Krishnamoorthy
• Primary Examiner(s): Trammell, James P
• Assistant Examiner(s): GREGG, MARY M
• Application Number:
  US11/982,922
• Publication Number:
  US 20080120233A1
• Time in Patent Office: 854 Days
• Field of Search: 705/35, 705/17, 235/380
• US Class Current: 705/35
• 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 an on-us cash withdrawal service, the method comprising:

requesting an on-us cash withdrawal transaction at a merchant terminal, the on-us cash withdrawal transaction being facilitated using an association-branded financial card on which is stored a proprietary account number and an association account number;

in response to the request for the on-us cash withdrawal transaction, electronically reading the proprietary account number from the association-branded financial card instead of the association account number;

receiving a cash withdrawal amount;

electronically transmitting the proprietary account number and the cash withdrawal amount to a computer system comprising an issuer switch;

the issuer switch translating the proprietary account number to the association account number associated with the association-branded financial card;

electronically submitting an authorization request to an issuing host, the authorization request including the association account number and the cash withdrawal amount; and

authorizing the cash withdrawal amount for the association account number.

2. The method of claim 1, further comprising providing cash to the cardholder based on the cash withdrawal amount.

3. The method of claim 2, further comprising charging a transaction fee.

4. A method for providing an on-us cash withdrawal service, the method comprising:

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, initiating an on-us cash withdrawal service by electronically reading the proprietary account number from the association-branded financial card rather than the association account number and receiving a cash withdrawal amount;

electronically providing the proprietary account number and the cash withdrawal amount to a computer system comprising 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 electronically submitting an authorization request to a issuing host, the authorization request including the association account number and the cash withdrawal amount.

5. A method for providing an on-us cash withdrawal service, the method comprising:

issuing an association-branded private label financial services card to a customer, the financial services card comprising a magnetic strip on which an association account number is stored on a first track and on which a proprietary account number associated with a card issuer is stored on a second track; and

configuring a merchant terminal to read the second track and not read the first track in response to a request for a cash withdrawal amount and submit the proprietary account number to a switch for authorization.

6. The method of claim 5, further comprising determining the association account number, at the switch, based on the proprietary account number.

7. The method of claim 6, further comprising authorizing the cash withdrawal amount using the association account without accessing an association network.

8. The method of claim 7, wherein the authorizing the cash withdrawal amount comprises submitting an authorization request to a host associated with the card issuer.

9. The method of claim 8, further comprising:

notifying the merchant terminal that the cash withdrawal amount has been authorized; and

providing cash to the customer.

10. The method of claim 9, wherein the providing cash to the customer comprises charging a transaction fee.

11. A system for providing an on-us cash withdrawal service, the system comprising:

a merchant terminal for reading a cardholder'"'"'s financial card, the financial card comprising a magnetic strip on which an association account number is stored on a first track and on which a proprietary account number associated with a card issuer is stored on a second track; and

logic associated with the merchant terminal for capturing the proprietary account number instead of the association account number in response to a request for an on-us cash withdrawal.

12. The system of claim 11, further comprising a switch for receiving the proprietary account number, the switch configured to determine the association account number based on the proprietary account number.

13. The system of claim 12, further comprising an issuer host for authorizing the on-us cash withdrawal based on the association account number.