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Systems and methods of payment account activation

  • US 7,885,878 B2
  • Filed: 05/28/2008
  • Issued: 02/08/2011
  • Est. Priority Date: 05/28/2008
  • Status: Expired due to Fees
First Claim
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1. A method for activating a payment account at a point of sale device, the method comprising:

  • providing a payment instrument having a first identifier, a second identifier, at least one storage device, and a radio frequency device, wherein;

    the first identifier and the second identifier are associated with an unique account record in a database;

    the first identifier is physically stored on the at least one storage device selected from a group consisting of;

    a magnetic strip,a bar code, andboth the magnetic stripe and the barcode;

    the second identifier is physically stored on the radio frequency device;

    the first identifier is not associated with the second identifier; and

    the first identifier cannot be used to access funds in the payment account;

    receiving from the point of sale device an activation request at a processing system to activate the payment account, the activation request comprising the first identifier that was read from the at least one storage device by the point of sale device;

    determining the unique account record associated with the payment account using the first identifier;

    updating the unique account record to indicate that the payment account has been activated; and

    transmitting from the processing system an activation response that the payment account has been activated;

    wherein the unique account record is also determinable using the second identifier;

    receiving from another point of sale device a request to debit an amount from the payment account, the request comprising the second identifier that was read from the radio frequency device using the other point of sale device;

    wherein the first identifier is accessible through a reader selected from the group consisting of a magnetic stripe reader and a bar code reader; and

    wherein the second identifier is accessible through a radio frequency identification reader.

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