System and method for authorizing stored value card transactions

  • US 7,578,439 B2
  • Filed: 03/27/2007
  • Issued: 08/25/2009
  • Est. Priority Date: 08/19/1999
  • Status: Expired due to Term
First Claim
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1. A computer-implemented method for processing a stored-value card transaction request in a card data management system having a central processor in communication with a plurality of point-of-sale terminals over a communications network, each of the one or more terminals having a unique terminal identifier and being associated with a location and a prepaid card merchant, the central processor being in communication with a database having stored therein a plurality of card records, each card record containing data associated with a stored-value card distributed to a prepaid card merchant for further distribution to purchasers at a location controlled by the prepaid card merchant, the method comprising:

  • receiving the stored-value card transaction request from a requesting terminal, the requesting terminal being one of the plurality of point-of-sale terminals, the transaction request comprisinga requesting terminal identifier,a card identifier assigned to a stored value card, andinformation indicative of a requested transaction type;

    determining if the requesting terminal is authorized to request the requested transaction type for the stored value card;

    responsive to a determination that the requesting terminal is authorized to request the requested transaction type, initiating the requested transaction; and

    transmitting a request response to the requesting terminal.

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