System and method to allow access to a value holding account

• US 9,361,647 B2
• Filed: 06/28/2014
• Issued: 06/07/2016
• Est. Priority Date: 12/03/2008
• Status: Active Grant

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Inventors: Vadhri, Srinivas
• Primary Examiner(s): Lee, Michael G
• Assistant Examiner(s): ELLIS, SUEZU Y
• Application Number:
  US14/318,605
• Publication Number:
  US 20140379572A1
• Time in Patent Office: 710 Days
• Field of Search: 235/379, 235/380, 235/492, 705/35, 705/39, 705/41, 705/42, 705/17
• US Class Current: 1/1
• 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

Example systems and methods that allow access to a value holding account are described. In one implementation, a method receives a first request for a second account code after activation of a selector on an account access object associated with a value holding account. The second account access code is associated with a first account access code that is associated with the value holding account. The first account code allows access to the value holding account for a first determinable period. The method generates a second request for the second account code and communicates the second request to the value holding account. The second account code is received from the value holding account and allows access to the value holding account for a second determinable period that differs from the first determinable period. The method provides the second account code to a user of the account access object.

Claims

1. A method comprising:

transmitting, in response to a selection at a device imprinted with a first account code that identifies a value holding account, from the device, a request for a second account code that is usable to access the value holding account;

receiving, at a server, from the device imprinted with the first account code that identifies the value holding account, the request for the second account code;

responsive to the request, generating the second account code; and

communicating, to the device, the second account code.

2. The method of claim 1, further comprising:

associating the second account code with the first account code.

3. The method of claim 1, wherein the device is a financial instrument.

4. The method of claim 1, wherein the selection at the device includes a user contacting a touch sensitive screen.

5. The method of claim 1, wherein the selection at the device includes a user interacting with a software application executing on the device.

6. The method of claim 1, wherein the device is associated with a magnetic encoder.

7. The method of claim 1, wherein the receiving of the request for the second account code is performed by an account server associated with the value holding account.

8. The method of claim 7, wherein the communicating of the second account code to the device includes wirelessly transmitting the second account code from the account server associated with the value holding account.

9. The method 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.

10. The method of claim 1, wherein:

the first account code is valid for a first determinable period; and

the second account code is valid for a second determinable period.

11. The method of claim 10, wherein the second determinable period expires at or before the first determinable period.

12. A system comprising:

a device imprinted with a first account code that identifies a value holding account, the device configured to perform operations comprising;

transmitting, in response to a selection at the device, a request for a second account code that is usable to access the value holding account and

a server comprising one or more processors configured to perform operations comprising;

receiving, from the device imprinted with the first account code that identifies the value holding account, the request for the second account code;

responsive to the request, generating the temporary account code; and

communicating, to the device, the temporary account code.

13. The system of claim 12, wherein the operations further comprise:

associating the second account code with the first account code.

14. The system of claim 12, wherein the device is a financial instrument.

15. The system of claim 12, wherein the selection at the device includes a user contacting a touch sensitive screen.

16. The system of claim 12, wherein the selection at the device includes a user interacting with a software application executing on the device.

17. The system of claim 12, wherein the device is associated with a magnetic encoder.

18. The system of claim 12, 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 persistent account code includes at least one of a credit card number, a charge card number, a debit card number, and a gift card number.