Methods and systems for bulk activation of multiple, disparate stored value accounts

• US 9,785,931 B2
• Filed: 09/25/2013
• Issued: 10/10/2017
• Est. Priority Date: 06/10/2002
• Status: Active Grant

• Current Assignee: First Data Resources Incorporated (Fiserv Incorporated)
• Original Assignee: ValueLink LLC (Fiserv Incorporated)
• Inventors: Dwyre, Douglas P., Arthur, Steven E., Toomer, Christopher L., Algiene, Kenneth
• Primary Examiner(s): Masud, Rokib
• Application Number:
  US14/036,347
• Publication Number:
  US 20140089114A1
• Time in Patent Office: 1,476 Days
• Field of Search: 235379, 235380, 705 35, 705 40, 705 44
• CPC Class Codes: G06K 19/00 Record carriers for use with machines and with at least a part designed to carry digital markings
• CPC Class Codes: G06Q 20/208 Input by product or record sensing, e.g. weighing or scanner processing
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

According to one embodiment of the invention, a method of activating a plurality of disparate stored value accounts utilizes a set of multiple presentation instruments redeemable at different merchants. Each presentation instrument includes a unique presentation instrument identifier used to associate value with the presentation instrument. Also, the set includes a set identifier, which may be included on a package that secures the presentation instruments together. In one embodiment, the set identifier is received over an electronic network, a list of the presentation instruments in the set is accessed from a computer database, and each of the presentation instruments is activated.

Claims

1. A method of activating a plurality of disparate stored value presentation instruments, the method comprising:

providing a set of multiple presentation instruments, wherein each presentation instrument includes a unique presentation instrument identifier used to associate value with the presentation instrument, and wherein the set includes at least first and second presentation instruments, wherein the first presentation instrument is redeemable at a first set of merchants and the second presentation instrument is redeemable at a second set of merchants, wherein the first and second sets of merchants are different from each other and wherein no merchants in the first set of merchants is included in the second set of merchants;

receiving, by a host computer system over an electronic network, a set identifier that identifies the set of presentation instruments;

accessing from a computer database, based on the set identifier, a list of the presentation instruments in the set; and

activating each presentation instrument in the set for a certain activation amount.

2. The method of claim 1, wherein at least one of the presentation instruments is a gift card.

3. The method of claim 1, wherein at least one of the presentation instruments is a ticket.

4. The method of claim 3, wherein the ticket is an admission ticket to a concert, sporting event, theater, amusement park, or ski lift.

5. The method of claim 1, wherein the set of presentation instruments is secured together by a package, and further comprising electronically reading the set identifier from the package at a point of sale using a reader selected form the set consisting of a bar code reader, a magnetic stripe reader, and an RF reader.

6. The method of claim 1, wherein each of the presentation instruments is represented electronically.

7. The method of claim 1, wherein at least one of the presentation instruments is activated for an amount different than an amount for which another of the presentation instruments is activated.

8. The method of claim 1, wherein providing the set of multiple presentation instruments further comprises selling the set to a consumer at a point of sale.

9. The method of claim 1, wherein providing the set of multiple instruments further comprises selling the set to a consumer over a computer network.

10. The method of claim 1, wherein the stored value associated with at least one of the presentation instruments is a service.

11. A presentation instrument package arrangement, comprising:

a set of multiple physical presentation instruments, each presentation instrument having a unique account identifier stored thereon, each account identifier associated with a stored value account maintained on a host computer system, the set comprising first and second presentation instrument, wherein the first presentation instrument is redeemable at a first set of merchants and the second presentation instrument is redeemable at a second set of merchants, wherein the first and second sets of merchants are different from each other and wherein no merchant in the first set of merchants is included in the second set of merchants;

a package securing the presentation instruments together; and

a set identifier uniquely identifying the set of presentation instruments, the set identifier readable from the package by a point of sale device to activate each of the presentation instruments.

12. The presentation instrument package arrangement of claim 11, wherein at least one of the presentation instruments is a gift card.

13. The presentation instrument package arrangement of claim 11, wherein at least one of the presentation instruments is a ticket.

14. The presentation instrument package arrangement of claim 13, wherein the ticket is an admission ticket to concert, sporting event, theater, amusement park, or ski lift.

15. The presentation instrument package arrangement of claim 11, wherein the presentation instruments in the set are selected to conform with a theme.

16. The presentation instrument package arrangement of claim 11, wherein the set identifier is readable from the package by one of a bar code reader, a magnetic stripe reader, and an RF reader.

17. The presentation instrument package arrangement of claim 11, wherein the stored value associated with at least one of the presentation instruments is a service.

18. A method of producing a presentation instrument package, the method comprising:

selecting a set of physical presentation instruments;

storing a unique account identifier on each presentation instrument, the set comprising at least first and second presentation instruments, wherein the first presentation instrument is redeemable at a first set of merchants and the second presentation instrument is redeemable at a second set of merchants, wherein the first and second sets of merchants are different from each other and wherein no merchant in the first set of merchants is included in the second set of merchants;

securing the presentation instruments together with a package, the package comprising a set identifier uniquely identifying the set of presentation instruments; and

associating the unique account identifiers with the set identifier in a computer database.

19. The method of claim 18, further comprising storing the database on a host computer.

20. The method of claim 18, further comprising storing the database on an aggregating computer.