Customer activated multi-value (CAM) card

• US 7,801,799 B1
• Filed: 11/29/2005
• Issued: 09/21/2010
• Est. Priority Date: 11/17/1998
• 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: Zimmerman, Jennifer, Brake, Francis B. Jr., Schwartz, Deborah
• Primary Examiner(s): Trammell; James P
• Assistant Examiner(s): LIU, I JUNG
• Application Number:
  US11/289,872
• Time in Patent Office: 1,757 Days
• Field of Search: 705 1- 60, 380 1- 50, 235200-380
• US Class Current: 705/37
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/342 Cards defining paid or billed services or quantities
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• 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: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

Abstract

The Customer Activated Multi-Value (CAM) card provides a customer with a primary use as a transaction card which can be further activated to have a secondary use as a credit card. The CAM card can be activated as a transaction card or as a transaction card with a credit card feature. Activation of the CAM card as a transaction card allows the customer to purchase goods and services from one specific vendor and to establish a relationship with that vendor for the goods or services rendered (for example, telephone calling card or gasoline product purchasing card) while enjoying reward benefits based on those to purchases. Activation of the credit feature of the card allows the customer to interact with any merchant that accepts traditional credit cards such as VISA®, MASTERCARD®, AMERICAN EXPRESS®, or DISCOVER®. The combination of features allows a customer to purchase various goods and services from several different merchants. If the customer chooses to activate the CAM card as both a transaction card and a credit card, the customer is given the benefit of using the card in both manners described above.

Claims

1. A multi-feature transaction card, comprising:

at least one primary feature comprising a debit feature that is activated by a holder of the multi-feature transaction card and is pre-built in an inactive status into the multi-feature transaction card;

at least one secondary feature, comprising a transaction feature enabling the holder of the multi-feature transaction card to purchase goods or services, the at least one secondary feature being pre-built in an inactive status into the multi-feature transaction card and is activated by a holder of the multi-feature transaction card following activation of the at least one primary feature;

the multi-feature transaction card being personalized with a name and an account number of the holder prior to being issued to the holder;

the multi-feature transaction card using one-way transfer of information from the multi-feature transaction card to a merchant; and

the multi-feature transaction card being capable of functioning with only the primary feature activated.

2. The multi-feature transaction card of claim 1, wherein the multi-feature transaction card comprises a device, or account.

3. The multi-feature transaction card of claim 2, wherein the at least one secondary feature comprises a credit, stored value, transaction, identification or rewards feature, or any combination thereof.

4. The multi-feature transaction card of claim 1, wherein the at least one secondary feature comprises a rewards feature.

5. The multi-feature transaction card of claim 4, wherein the rewards feature can be redeemed at a specific merchant.

6. The multi-feature transaction card of claim 4, wherein the rewards feature can be redeemed or spent at several different merchants.

7. The multi-feature transaction card of claim 4, wherein the rewards feature can be redeemed or spent at any merchant who accepts a logo associated with the multi-feature transaction card.

8. The multi-feature transaction card of claim 4, wherein the rewards feature can be used as a credit against the at least one primary feature or the at least one secondary feature to reduce the balance associated with the multi-feature transaction card.

9. The multi-feature transaction card of claim 4, wherein the rewards feature can be redeemed by the holder.

10. The multi-feature transaction card of claim 1, wherein identification is required to activate the at least one primary and the at least one secondary feature wherein the identification feature comprises at least a telephone number or any other security indicator that is unique to the holder and can be used to authenticate the holder.

11. The multi-feature transaction card of claim 4, wherein the holder receives reward credit every time at least the at least one primary feature is used.

12. The multi-feature transaction card of claim 1, wherein activation of the at least one primary and the at least one secondary feature is an automated process.

13. The multi-feature transaction card of claim 1, wherein the at least one primary and the at least one secondary feature are not activated when the multi-feature transaction card is received by the holder.