Systems, methods, and devices for selling transaction instruments via web-based tool

• US 8,712,852 B2
• Filed: 05/09/2008
• Issued: 04/29/2014
• Est. Priority Date: 03/12/2004
• Status: Expired due to Fees

• Current Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: Sharecomm Limited Liablity Company (Intellectual Ventures LLC)
• Inventors: Feldman, Gennye Hannover, Vollmer, Nicole Milne, Rose, John R., Rubner, Marc, Holt, Elizabeth Anne
• Primary Examiner(s): SHEIKH, ASFAND M
• Application Number:
  US12/118,590
• Publication Number:
  US 20080215449A1
• Time in Patent Office: 2,181 Days
• Field of Search: None
• US Class Current: 705/16
• 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 20/202 Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
• 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 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G06Q 20/355 Personalisation of cards for use
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0603 Catalogue ordering
• 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
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system

Abstract

The present invention generally relates to a system and method for distributing a transaction instrument. The system includes the steps of: offering for sale, in a retail environment, the transaction instrument; selling a selected transaction instrument; communicating with the issuer of the transaction instrument via an internet accessible web site, and enabling the use of the transaction instrument. The transaction instrument may be, for example, an open pre-paid card. The distribution of the transaction instrument may also include the step of sending a message, through the web site, in substantially real time, causing the pre-paid transaction instrument to be funded but not activated until later through an interactive voice response system, for example. In another example, an associated transaction account may be funded and activated at the time of distribution. Furthermore, an issuer system may be suitably configured to leverage existing Travelers Cheque infrastructure for inventory and related processes.

Claims

1. A method, comprising:

a computer system receiving, from a computing device, via a web page, a request to fund an open transaction account in association with purchase of an open transaction instrument by a consumer at a point of sale device associated with the computing device, wherein the request includes a payment amount, wherein the open transaction instrument is associated with the open transaction account;

the computer system receiving information identifying the open transaction instrument purchased by the consumer;

the computer system using the information identifying the open transaction instrument to access a database to verify that the open transaction instrument is eligible to be funded;

the computer system storing, in the database, physical tracking information for the open transaction instrument, wherein the physical tracking information for the open transaction instrument is accessible in the database using the information identifying the open transaction instrument, and wherein the physical tracking information is usable to determine a physical location of one or more other open transaction instruments;

the computer system processing the request, wherein said processing includes determining a funded amount based on the payment amount;

the computer system funding the open transaction account with the funded amount; and

the computer system transmitting to the computing device an authorization message indicating that the open transaction account was funded with the funded amount and specifying authorization to distribute the open transaction instrument to the consumer.

2. The method of claim 1, wherein said determining the funded amount comprises deducting an administrative charge amount from the payment amount.

3. The method of claim 1, wherein a tracking code is included on at least one of:

the open transaction instrument and a sleeve associated with the open transaction instrument.

4. The method of claim 1, wherein the open transaction instrument is configured with geographic restrictions.

5. The method of claim 1, wherein said determining the funded amount comprises determining an amount of loyalty points associated with a loyalty program, wherein said funding the open transaction account with the funded amount comprises funding the open transaction account with the amount of loyalty points.

6. The method of claim 1,

wherein the request received by the computer system comprises a request to fund the open transaction account without activating the open transaction account;

wherein the computer system does not activate the open transaction account in processing the request.

7. The method of claim 6,

wherein the computer system includes an interactive voice response (IVR) system;

wherein the method further comprises;

the computer system activating the open transaction account in response to the IVR system receiving a request to activate the open transaction account subsequently to distribution of the open transaction instrument to the consumer at the point of sale device.

8. The method of claim 1,

wherein the request received by the computer system comprises a request to both fund the open transaction account and activate the open transaction account;

wherein said processing the request further includes the computer system activating the open transaction account.

9. The method of claim 1,

wherein said processing the request further includes the computer system verifying that the open transaction instrument is listed as available inventory in the database.

10. The method of claim 1,

wherein said processing the request further includes:

prior to transmitting the authorization message, the computer system verifying that status information for the open transaction instrument indicates that the open transaction instrument has not already been sold; and

subsequently to said verifying, the computer system updating the status information to indicate that the open transaction instrument has been sold.

11. The method of claim 1,

wherein the request further includes a location of the point of sale device;

wherein said processing the request further includes;

prior to transmitting the authorization message, the computer system verifying that status information for the open transaction instrument indicates that the open transaction instrument is located at the location of the point of sale device.

12. The method of claim 1,

wherein the point of sale device is located at a distributor;

wherein the computer system is associated with an issuer;

wherein the open transaction instrument has an identification number, wherein the request to fund the open transaction instrument further includes the identification number;

wherein said processing the request further includes the computer system determining an amount owed by the distributor to the issuer based on the identification number.

13. The method of claim 1,

wherein the open transaction instrument is a particular open transaction instrument;

wherein the request further includes a location of the point of sale device of the particular open transaction instrument;

wherein said processing the request further includes;

the computer system identifying one or more other open transaction instruments associated with the particular transaction instrument; and

for each respective open transaction instrument of the one or more other open transaction instruments, updating location information for the respective open transaction instrument to indicate that the respective open transaction instrument is at the location of the point of sale device of the particular open transaction instrument.

14. A non-transitory, computer-readable storage medium storing program instructions executable by one or more processors to cause a computer system to:

receive, from a computing device, via a web page, a request to fund an open transaction account in association with purchase of an open transaction instrument by a consumer at a point of sale device associated with the computing device, wherein the request includes a payment amount, wherein the open transaction instrument is associated with the open transaction account;

receive information identifying the open transaction instrument purchased by the consumer;

use the information identifying the open transaction instrument to access a database to verify that the open transaction instrument is eligible to be funded;

store, in the database, physical tracking information for the open transaction instrument, wherein the physical tracking information is accessible in the database using the information identifying the open transaction instrument, and wherein the physical tracking information is usable to determine a physical location of one or more other open transaction instruments;

process the request, wherein said processing includes determining a funded amount based on the payment amount;

fund the open transaction account with the funded amount; and

transmit to the computing device an authorization message indicating that the open transaction account was funded with the funded amount and specifying authorization to distribute the open transaction instrument to the consumer.

15. The non-transitory, computer-readable storage medium of claim 14, wherein the physical tracking information for the open transaction instrument comprises information indicating a geographical location associated with the point of sale device.

16. The non-transitory, computer-readable storage medium of claim 14,

wherein the request received by the computer system comprises a request to both fund the open transaction account and activate the open transaction account;

wherein said processing the request further includes activating the open transaction account.

17. The non-transitory, computer-readable storage medium of claim 14,

wherein said processing the request further includes:

prior to transmitting the authorization message, verifying that status information for the open transaction instrument indicates that the open transaction instrument has not already been sold; and

subsequently to said verifying, updating the status information to indicate that the open transaction instrument has been sold.

18. A system comprising:

one or more processors; and

memory storing program instructions, wherein the program instructions are executable by the one or more processors to;

receive, from a computing device, via a web page, a request to fund an open transaction account in association with purchase of an open transaction instrument by a consumer at a point of sale device associated with the computing device, wherein the request includes a payment amount, wherein the open transaction instrument is associated with the open transaction account;

receive information identifying the open transaction instrument purchased by the consumer;

use the information identifying the open transaction instrument to access a database to verify that the open transaction instrument is eligible to be funded;

store, in the database, physical tracking information for the open transaction instrument, wherein the physical tracking information is accessible in the database using the information identifying the open transaction instrument, and wherein the physical tracking information is usable to determine a physical location of one or more other open transaction instruments;

process the request, wherein said processing includes determining a funded amount based on the payment amount;

fund the open transaction account with the funded amount; and

transmit to the computing device an authorization message indicating that the open transaction account was funded with the funded amount and specifying authorization to distribute the open transaction instrument to the consumer.

19. The system of claim 18, wherein the physical tracking information for the open transaction instrument comprises information indicating a geographical location associated with a retail store that is associated with the point of sale device.

20. The system of claim 18, wherein said processing the request further includes verifying that the open transaction instrument is listed as available inventory in the database.