Stored value transaction system and method including an integrated database server

• US 8,635,114 B2
• Filed: 10/12/2010
• Issued: 01/21/2014
• Est. Priority Date: 06/26/1998
• Status: Expired due to Term

• Current Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: Lead Core Fund LLC (Intellectual Ventures LLC)
• Inventors: Belczynski, Mari, Berry, Robert, Blandina, Michael
• Primary Examiner(s): ZURITA, JAMES H
• Application Number:
  US12/902,820
• Publication Number:
  US 20110029395A1
• Time in Patent Office: 1,197 Days
• Field of Search: 705/26.1, 705/27.1
• US Class Current: 705/26.1
• 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 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• 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 20/342 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 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0605 Supply or demand aggregation
• CPC Class Codes: G06Q 30/0619 Neutral agent
• CPC Class Codes: G06Q 30/0623 Item investigation
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• 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

Abstract

An integrated database and information server are provided that efficiently share information and tasks between various stored value programs. A server is configured to provide reusable objects and data structures that are suitably shared between various stored value products. A database at the server allows data to be shared between various programs so that each consumer associates with only one database record even though that consumer may use multiple shared value products. By integrating modules and avoiding duplicate records, the record communicates with all stored value programs, so the information does not need to be repeatedly entered into the database. Moreover, new stored value products are quickly and easily created through selection and arrangement of various shared objects preferably maintained within the database.

Claims

1. A computer-based system, comprising:

memory having program instructions stored therein, wherein the program instructions are executable by the computer-based system to cause the computer-based system to perform operations including;

managing a database on behalf of a plurality of different clients that are issuers of stored value products, wherein stored value products included in the database are assigned a respective prepaid account balance available for transactions, and wherein managing the database includes storing account balances for a plurality of the stored value products, wherein the database includes a record for a consumer to which at least two of the plurality of stored value products have been issued; and

facilitating a transaction using one of the at least two stored value products, wherein facilitating the transaction includes adjusting a stored account balance for the stored value product.

2. The computer-based system of claim 1, wherein the operations further include:

receiving a notification from a client specifying that a consumer has requested creation of a card associated with an account of one of the plurality of stored value products; and

in response to receiving the notification, contacting a card production system configured to create the card, wherein the database includes information about the card.

3. The computer-based system of claim 2, wherein the operations further include:

providing information about the card to an activation server configured to perform activation of the card for the consumer.

4. The computer-based system of claim 1, wherein the operations further include:

receiving a notification from a client specifying that a consumer has provided funds to the client;

in response to receiving the notification, adjusting an account balance associated with one of the plurality of stored value products.

5. The computer-based system of claim 1, wherein the operations further include:

storing, in the database, one or more management rules associated with one of the plurality of stored value products, wherein the one or more management rules include a rule specifying that usage of the stored value product is permitted within only a specified time period.

6. The computer-based system of claim 1, wherein the operations further include:

provide information from the database to a report generating system configured to generate a periodic account statement for the consumer.

7. The computer-based system of claim 1, wherein the clients represent different brands of stored value products.

8. The computer-based system of claim 1, wherein one of the plurality of stored value products corresponds to a pre-paid phone card.

9. A computer-based system, comprising:

memory having program instructions stored therein, wherein the program instructions are executable by the computer-based system to cause the computer-based system to perform operations including;

receiving requests from a plurality of clients, wherein each client is an issuer of one or more respective stored value products, wherein stored value products are assigned a respective prepaid account balance available for transactions, and wherein the requests includes requests to store transaction information usable to facilitate transactions with the stored value products, wherein the transaction information includes account balances of the stored value products; and

storing the transaction information in a database of the computer-based system.

10. The computer-based system of claim 9, wherein the transaction information includes consumer records for consumers to which ones of the stored value products have been issued, and wherein the transaction information includes at least one record for a consumer to which at least two of the stored value products have been issued.

11. The computer-based system of claim 9, wherein the stored value products include magnetic-stripe cards, smart-cards, ATM cards, RFID cards, or Internet transaction account cards.

12. The computer-based system of claim 9, wherein the operations further include:

receiving a request from one of the plurality of clients to add value to a stored value product; and

in response to the request, adjusting an account balance associated with the stored value product.

13. The computer-based system of claim 9, wherein the operations further include:

providing stored transaction information from the database to a transaction authorization system, wherein the transaction authorization system is configured to facilitate a transaction conducted using one of the stored value products.

14. The computer-based system of claim 9, wherein the provided transaction information includes a card status indication specifying whether transactions are permitted with a stored value product.

15. The computer-based system of claim 9, wherein the operations further include:

organizing the database according to one or more product classes associated with the stored value products.

16. The computer-based system of claim 9, wherein the operations further include:

organizing the database according to one or more geographic regions associated with the stored value products.

17. A method, comprising:

a client system of a stored-value-product issuer providing, to a computer-based system, account information associated with stored value products issued by the issuer, wherein the computer-based system is configured to maintain a database of account information associated with a plurality of stored-value-product issuers, and wherein the computer-based system is configured to communicate with a transaction authorization system to facilitate transactions with one or more of the stored value products, wherein the one or more stored value products are assigned a respective prepaid balance available for transactions, wherein the account information includes account balances for the one or more stored value products; and

the client system receiving account information from the computer-based system, wherein the received account information includes information from the database.

18. The method of claim 17, further comprising:

the client system providing a notification to the computer-based system, wherein the notification specifies that value be added to an account associated with a stored value product offered by the issuer, and wherein the computer-based system is configured to adjust an account balance of the account based on the notification.

19. The method of claim 17, further comprising:

the client system providing a notification to the computer-based system, wherein the notification specifies that a consumer has requested creation of a stored value product, and wherein the computer-based system is configured to contact a production system to create the stored value product.

20. The method of claim 17, wherein the received account information includes a report generated by the computer-based system, wherein the report is associated with one or more of the plurality of stored value products.