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System and computer program product to issue a retail prepaid card including a user-designed external face using a chit and related computer implemented methods

  • US 8,485,441 B2
  • Filed: 06/28/2012
  • Issued: 07/16/2013
  • Est. Priority Date: 02/04/2009
  • Status: Active Grant
First Claim
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1. A method of providing personalized prepaid gift cards, the method comprising:

  • activating, by one or more processors, a chit redeemable for a prepaid card responsive to receipt of an activation message associated with an indication that a chit has been purchased by a purchaser at a merchant location, the activation message including a chit identifier and as chit value, associated with the purchased chit, the chit comprises an identification mechanism representing a financial commitment to issue one of a plurality of prepaid cards in an amount associated with the purchased chit value;

    receiving, by one or more processors, responsive to activation of the chit, the chit identifier from a remote user device operated by a user when the user attempts to redeem the chit to obtain the prepaid card;

    validating, by one or more processors, the chit identifier received from the user responsive to data indicative of activation;

    seeding a prepaid card with the a card value corresponding to the chit value such that the prepaid card is redeemable at the merchant for the card value;

    sending, by one or more processors to the remote user device, user-selectable design options by which the user configures the appearance of the prepaid card;

    receiving, by one or more processors, user-selected design options from the remote user device;

    causing the prepaid card to have an appearance in accordance with the received user-selected design options; and

    providing the configured appearance card to the user, the card being a physical card operable to be used to facilitate a financial transaction at least at the merchant location, the chit comprises an identification mechanism representing a financial commitment to issue one of a plurality of prepaid cards in an amount associated with the purchased chit value.

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