System and method to allow access to a value holding account

• US 8,196,813 B2
• Filed: 12/03/2008
• Issued: 06/12/2012
• Est. Priority Date: 12/03/2008
• Status: Active Grant

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: eBay Inc.
• Inventors: Vadhri, Srinivas
• Primary Examiner(s): Lee, Michael G
• Assistant Examiner(s): ELLIS, SUEZU Y
• Application Number:
  US12/327,665
• Publication Number:
  US 20100133334A1
• Time in Patent Office: 1,287 Days
• Field of Search: 235/379, 235/380, 235/382, 235/487, 235/492, 705/35, 705/39, 705/41, 705/64, 705/65, 705/17, 705/44
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/34 using cards, e.g. integrated circuit [IC] cards or magnetic cards
• CPC Class Codes: G06Q 20/367 involving electronic purses or money safes
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• 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 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

This document discusses, among other things, a system and method of allowing access to a value holding account. In various example embodiments, the value holding account is associated with a first account code that allows access to the value holding account. Some example embodiments include receiving a request for a second account code that is based on the first account code, and providing the second account code based on receiving the request for the second account code. The first account code may to allow access to the value holding account for a first determinable period and the second account code may allow access to the value holding account for a second determinable period that is different from the first determinable period.

Claims

1. An account access device comprising:

a selector;

a requester coupled with the selector, the requester to generate, at the account access device, a second request for a second account code responsive to receiving a first request for the second account code, the first request for the second account code associated with activation of the selector by a user of the account access device, the requester to receive the second account code from a value holding account associated with the account access device; and

a provider coupled with the requester, the provider to provide, at the account access device, the second account code based on the requester receiving the first request for the second account code, a first account code to allow access to a value holding account for a first determinable period, and the second account code to allow access to the value holding account for a second determinable period that is different from the first determinable period.

2. The account access device of claim 1, wherein the account access device is a financial instrument.

3. The device of claim 1, wherein the requester includes a wireless receiver to receive the first request via wireless connection.

4. The device of claim 1, wherein the requester is to transmit the second request for the second account code to an account server associated with the value holding account.

5. The device of claim 4, wherein the provider is to receive the second account code from the account server, based on the second request for the second account code.

6. The device of claim 5, wherein the requester is to wirelessly transmit the second request for the second account code, and the provider is to wirelessly receive the second account code.

7. The device of claim 1, wherein the provider is to provide the second account code via at least one of a display associated with the account access device, a barcode associated with the account access device and a magnetic encoder associated with the account access device.

8. The device of claim 1 wherein the value holding account includes at least one of a credit card account, a charge card account, a debit card account and a gift card account, and the first account code includes at least one of a credit card number, a charge card number, a debit card number and a gift card number.

9. The device of claim 1 wherein the second determinable period is to expire at or before an expiration time of the first determinable period.