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Methods and systems for making a payment via a stored value card in a mobile environment

  • US 9,911,114 B2
  • Filed: 07/06/2006
  • Issued: 03/06/2018
  • Est. Priority Date: 07/06/2006
  • Status: Active Grant
First Claim
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1. A method for making a financial payment to a payee via a stored value (SV) card utilizing a mobile device connected for communications via a wireless network, the mobile device being connected via the wireless network with a mobile financial transaction system (MFTS) that is operatively coupled to a payment instruction recipient capable of issuing a SV card to a payee, comprising the steps of:

  • receiving user input at the mobile device of information identifying the payee to which a payment is to be made;

    displaying a plurality of selectable payment methods on the mobile device corresponding to the payment to be made to the identified payee, the plurality of selectable payment methods including a stored value (SV) card payment method;

    receiving selection at the mobile device of the SV card payment method;

    receiving a SMS message and automatically activating an application in response to receiving the SMS message;

    generating, in response to activating the application, a mobile payment instruction comprising information corresponding to the identified payee and indicating the SV card payment method; and

    wirelessly communicating the mobile payment instruction from the mobile device to the MFTS, whereby the MFTS communicates a payment instruction to the payment instruction recipient and the payment instruction recipient effects the payment to the identified payee via a stored value card by issuing a new SV card to the identified payee or adding value to a preexisting SV card of the identified payee.

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