Title:
SYSTEM AND METHOD FOR ACTIVATING OR CHANGING THE STATUS OF AN ACCOUNT ASSOCIATED WITH A PREPAID CARD
Document Type and Number:
WIPO Patent Application WO2005010679
Kind Code:
B1
Abstract:
A system and method for activating and funding prepaid cards at the point of sale by making innovative use of existing point-of-sale devices and existing credit/debit card acceptance networks and processes. The invention obviates the need to implement new/different technology at point-of-sale terminals that are widely used at retail outlets. This invention makes use of the existing credit and charge card systems and processes, including industry standard message formats, to settle funds and fees between the seller and the issuer of the prepaid card, thus further reducing the expense and time-to-market for product distribution.
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Inventors:
SHARMA BANSI L (US)
PETERSON MICHAEL L (US)
PETERSON MICHAEL L (US)
Application Number:
PCT/US2004/022639
Publication Date:
November 10, 2005
Filing Date:
July 14, 2004
Export Citation:
Assignee:
AMERICAN EXPRESS TRAVEL RELATE (US)
SHARMA BANSI L (US)
PETERSON MICHAEL L (US)
SHARMA BANSI L (US)
PETERSON MICHAEL L (US)
International Classes:
G06Q20/34; G06Q40/02; G07F19/00; G06F; (IPC1-7): G06F17/60
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