Cards deployed with inactivated products for activation

• US 8,757,483 B1
• Filed: 02/08/2013
• Issued: 06/24/2014
• Est. Priority Date: 06/23/2009
• Status: Active Grant

• Current Assignee: Dynamics Inc.
• Original Assignee: Dynamics Inc.
• Inventors: Mullen, Jeffrey D., Rigatti, Christopher J., Yen, Philip W.
• Primary Examiner(s): Marshall, Christle I
• Application Number:
  US13/762,644
• Time in Patent Office: 501 Days
• Field of Search: 235/375, 235/380
• US Class Current: 235/380
• CPC Class Codes: G06K 19/06206 the magnetic marking being emulated
• 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 20/354 Card activation or deactivation
• CPC Class Codes: G06Q 20/3552 Downloading or loading of personalisation data
• CPC Class Codes: G06Q 20/409 Device specific authentication in transaction processing
• CPC Class Codes: G07F 7/0833 Card having specific functional components

Abstract

A payment card is provided with a display. A card may be provided to a user with a number of inactivated products. The products may be assigned to the user at card issuance. A user may then activate these products online or via phone. Accordingly, a user may be provided with a cross-selling platform for new products. Discounts, fee waivers, and/or value may be added to an account when an inactivated product is activated.

Claims

1. A payment device, comprising:

a dynamic magnetic stripe communications device;

a battery; and

a plurality of buttons,

wherein an activated credit product is associated with a first one of said plurality of buttons, said activated credit product being associated with a first payment network brand,

an inactivated credit product is associated with a second one of said plurality of buttons, said inactivated credit product being associated with a second payment network brand,

said first and second payment network brands are different, and

said inactivated credit product is a product requiring activation by a user prior to completion of a purchase authorization associated with said inactivated product.

2. The payment device of claim 1, wherein said inactivated product is a pre-stored inactivated product.

3. The payment device of claim 1, wherein said inactivated product is a pre-stored inactivated product not requested by a user.

4. The payment device of claim 1, further comprising:

wherein said inactivated product is a pre-stored inactivated product, and

information associated with said inactivated product is printed on a face of said card.

5. The payment device of claim 1, further comprising:

a radio frequency identifications (RFID).

6. The payment device of claim 1, further comprising:

an integrated circuit (IC) chip.

7. The payment device of claim 1, further comprising:

an ink-receivable area.

8. A payment device, comprising:

a memory; and

a plurality of buttons,

wherein a primary product and an inactivated product are stored in said memory, and

said inactivated product is a product requiring activation by a user prior to completion of a transaction associated with said inactivated product.

9. The payment device of claim 8, wherein said inactivated product is a pre-stored inactivated product.

10. The payment device of claim 8, wherein said inactivated product is a pre-stored inactivated product not requested by a user.

11. The payment device of claim 8, wherein said inactivated product is a pre-stored inactivated product, and

information associated with said inactivated product is displayed on a virtual card.

12. The payment device of claim 8, further comprising:

a dynamic magnetic stripe communications device.

13. The payment device of claim 8, further comprising:

a dynamic magnetic stripe communications device; and

an integrated circuit (IC) chip.

14. The payment device of claim 8, further comprising:

a dynamic magnetic stripe communications device; and

a radio frequency identifications (RFID).

15. The payment device of claim 8, further comprising:

a dynamic magnetic stripe communications device;

an integrated circuit (IC) chip; and

a radio frequency identifications (RFID).

16. A method, comprising:

storing a primary product in a memory of a payment device; and

storing an inactivated product in said memory,

wherein said inactivated product is a product requiring activation by a user prior to completion of a transaction associated with said inactivated product.

17. The method of claim 16, wherein said inactivated product is a product not particularly requested by a user, and

said primary product is a product requested by said user.

18. The method of claim 16, further comprising:

determining said inactivated product based on preferences of the user.

19. The method of claim 16, wherein said inactivated product is a plurality of inactivated products.

20. The method of claim 16, further comprising:

shipping, to a user, said payment device with said primary product and said inactivated product.

21. The method of claim 16, further comprising:

receiving, by said payment device, an inactivated product communicated by a remote server.