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 9,767,451 B2
• Filed: 07/12/2013
• Issued: 09/19/2017
• Est. Priority Date: 02/04/2009
• Status: Active Grant

• Current Assignee: Pathward National Association
• Original Assignee: MetaBank (Meta Financial Group Incorporated)
• Inventors: Brooks, Jason
• Primary Examiner(s): WALSH, DANIEL I
• Application Number:
  US13/940,412
• Publication Number:
  US 20130297506A1
• Time in Patent Office: 1,530 Days
• Field of Search: 235379-383, 235487, 235492, 235493
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/3415 Cards acting autonomously as pay-media
• CPC Class Codes: G06Q 20/342 Cards defining paid or billed services or quantities
• CPC Class Codes: G06Q 20/354 Card activation or deactivation
• 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: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system

Abstract

Embodiments of systems, computer program product, and related computer implemented methods to issue a closed-loop retail prepaid card including a user-designed external face using a chit, the chit being defined by an identification mechanism representing a financial commitment to issue a closed-loop retail prepaid card in an amount associated with a value paid for the chit, are provided. Embodiments of the present invention advantageously provide a service that enables a consumer to purchase, at the storefront of a retail establishment, a chit card that the consumer can subsequently redeem through a graphical user interface of an Internet website for a closed-loop retail prepaid card with a user-designed external face. The user-designed closed-loop retail prepaid card, for example, can be subsequently printed and delivered to an intended recipient. Advantageously, such a service can be made available to any retail establishment that uses a point-of-sale system.

Claims

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 a chit value associated with the purchased chit, the chit including an identification mechanism related to a financial commitment to issue one of a plurality of prepaid cards in an amount associated with the purchased chit value, wherein the activation message identifies the merchant;

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 a 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, the prepaid card being a physical card operable to facilitate a financial transaction at the merchant, the financial transaction including redemption of 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; and

causing the prepaid card to have an appearance in accordance with the received user-selected design options to be provided to the user, the causing comprising printing the prepaid card in accordance with the user-selected design options.

2. A method defined by claim 1, further comprising:

identifying, by one or more processors, a merchant corresponding to the chit identifier received from the user; and

retrieving, by one or more processors, the user-selectable design options, the user-selectable design options being selected by the merchant corresponding to the chit identifier, and wherein the prepaid card comprises a closed-loop prepaid card such that the chit is purchased from the merchant at which the prepaid card is redeemable.

3. A method defined by claim 1, further comprising:

receiving, by one or more processors, user-selectable design options from each of a plurality of merchants; and

storing the user-selectable design options from each merchant in a data file corresponding to the merchant, and

wherein sending the remote user device the user-selectable design options comprises;

identifying a merchant corresponding to the chit identifier received from the user,

retrieving the user-selectable design options corresponding to the identified merchant from memory, and

sending, by one or more processors, the retrieved user-selectable design options.

4. A method defined by claim 3, wherein the user-selectable design options include a plurality of different images, a selected one of which to be printed on the prepaid card.

5. A method defined by claim 3, wherein the user-selectable design options include a field of user-identified text to be printed on the prepaid card and font in which to print the text.

6. A method defined by claim 5, wherein the user-selectable design options include a location of the user-identified text on the prepaid card.

7. A method defined by claim 1, further comprising:

communicating, through an electronic communication network, the activated chit to an account of the user, the step of communicating also including the chit identifier and an address of a chit redemption website.

8. A method defined by claim 1, wherein the activation message is received from a financial services network, and wherein the chit identifier includes an identifier of a prepaid-card provider.

9. A method defined by claim 1, wherein activating the chit comprises storing an activation code in a data file corresponding to the chit, and

wherein validating the chit comprises verifying that the chit identifier corresponds to a data file including the activation code.

10. A method defined by of claim 1, further comprising:

sending to a computer of the merchant an activation code created upon activation of the chit.

11. A method defined by claim 8, further comprising:

receiving, by one or more processors, user-selectable design options from each of a plurality of merchants; and

storing the user-selectable design options from each merchant in a data file corresponding to the merchant, and

wherein sending the remote user device the user-selectable design options comprises;

identifying a merchant corresponding to the chit identifier received from the user,

retrieving the user-selectable design options corresponding to the identified merchant from memory, and

sending, by one or more processors, the retrieved user-selectable design options.

12. A method defined by claim 1, further comprising:

receiving a mailing address and a name of the user from the remote user device, and

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

printing the mailing address and the name of the user on an envelope.

13. A method defined by claim 12, wherein the prepaid card is partially printed prior to printing the prepaid card in accordance with the user-selected design options.

14. A method defined by claim 1, further comprising:

receiving, prior to activating the chit, information by which the identity of the purchaser of the chit is confirmable; and

verifying that the user redeeming the chit knows the information by which the identity of the purchaser of the chit is confirmable.

15. A method defined by claim 1, further comprising:

authenticating the received chit identifier before activating the chit, the authenticating including determining that two chit identifiers are provided in a sequence.

16. A method defined by claim 1, wherein seeding the prepaid card with the card value comprises:

associating a data file corresponding to the chit with a data file corresponding to the prepaid card, wherein the card value equals the chit value.

17. A method defined by claim 1, further comprising:

receiving, prior to activating the chit, information by which the identity of the purchaser of the chit is confirmable;

verifying that the user redeeming the chit knows the information by which the identity of the purchaser of the chit is confirmable;

sending to a computer of the merchant an activation code created upon activation of the chit;

identifying a merchant corresponding to the chit identifier received from the user; and

retrieving, by one or more processors, the user-selectable design options, the user-selectable design options being selected by the merchant corresponding to the chit identifier, and wherein;

the chit identifier represents a financial commitment to issue a prepaid card in an amount equal to a value paid for the chit,

the prepaid card comprising a closed-loop prepaid card such that the chit is purchased from the merchant at which the prepaid card is redeemable, and wherein the activation message identifies the merchant, and

the user-selectable design options include a plurality of images, a selected one of which to be printed on the prepaid card.

18. A method defined by claim 1, wherein the chit is printed on a receipt confirming and recording the transaction resulting in the purchase and activation of the chit.

19. A prepaid card machine comprising:

one or more processors; and

non-transitory, tangible computer readable memory in communication with the one or more processors, the memory storing code that when executed by the one or more processors cause the one or more processors to perform the steps including;

receiving an activation message, the activation message indicating that a chit has been purchased by a purchaser, and the activation message including a chit identifier and indicating a chit value associated with the purchased chit, the chit including 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, wherein the activation message identifies the merchant;

activating the chit by storing in the memory data indicative of activation;

receiving the chit identifier from a user device operated by a user redeeming the chit purchased by the purchaser to obtain a prepaid card;

validating the chit identifier received from the user responsive to the data indicative of activation;

seeding the prepaid card with the a card value corresponding to the chit value such that the prepaid card is redeemable for the card value, the prepaid card being a physical card operable to facilitate a financial transaction at the merchant, the financial transaction including redemption of the card value;

sending, from the prepaid-card provider computer system to the user computer, user-selectable design options by which a the user configures the appearance of the prepaid card;

receiving the user-selected design options from the user computer; and

causing the prepaid card to have an appearance in accordance with the received user-selected design options to thereby be provided to the user, the causing comprising printing the prepaid card in accordance with the user-selected design options.

20. A tangible, non-transitory machine readable medium storing instructions that when executed by one or more processors cause steps to be performed, the steps comprising:

receiving, by one or more processors, an activation message, the activation message indicating that a chit has been purchased by a purchaser, and the activation message including a chit identifier and a 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, wherein the activation message identifies the merchant;

activating, by one or more processors, the chit responsive to data indicative of activation;

receiving, by one or more processors, the chit identifier from a remote user device operated by a user redeeming the chit to obtain the prepaid card;

validating the chit identifier received from the user responsive to the data indicative of activation;

seeding the prepaid card with the a card value corresponding to the chit value such that the prepaid card is redeemable for the card value, the prepaid card being a physical card operable to facilitate a financial transaction at the merchant, the financial transaction including redemption of the card value;

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

receiving the user-selected design options from the remote user device; and

causing the prepaid card to have an appearance in accordance with the received user-selected design options, the causing comprising printing the prepaid card in accordance with the user-selected design options.