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US 10,540,650 B2Granted
System and method for providing a user-loadable stored value card
AssigneeCapital One Services, LLC
InventorDavid Aaron Pinski
Life of this patent
Estimating the term…
Abstract
A system and method in accordance with example embodiments may provide a user-loadable stored value card. Additionally, a system and method in accordance with example embodiments may allow an institution to receive a user-loadable stored value card activation request from a sender, activate a user-loadable stored value card using the information received in the activation request, and provide card management capabilities to the sender.
Claims18
A system, comprising:
- one or more computer processors that receives, via a network, from a sender, an activation request for an amount to be loaded onto a user-loadable stored value card from a fund source of the sender, the activation request including a sender key associated with the user-loadable stored value card;
- an institution database that stores information about the user-loadable stored value card associated with the activation request;
- the one or more processors being further configured to:
- activate the user-loadable stored value card using the information received in the activation request;
- receive, via a user device of a recipient of the user-loadable stored value card, a redemption request, the redemption request being associated with a recipient key associated with the user-loadable stored value card;
- and
- process the redemption request to automatically transfer funds from the fund source of the sender based on a determination that the recipient key is paired with the sender key associated with the activation request.
4 more elements
A method, comprising:
- receiving, via a network by one or more computer processors, an activation request for an amount to be loaded onto a user-loadable stored value card from a fund source of a sender;
- storing, in an institution database, information about the user-loadable stored value card associated with the activation request;
- activating, by the one or more computer processors, the user-loadable stored value card using the information received in the activation request;
- providing, by the one or more computer processors, card management and deposit capabilities to the sender via a system generated user interface;
- receiving, via a user device of a recipient, a redemption request from the recipient of the user-loadable stored value card, the redemption request being associated with a recipient key;
- and
- processing, by the one or more computer processors, the redemption request to automatically transfer funds from the fund source of the sender based on a determination that the recipient key is paired with a sender key associated with the activation request, wherein the user-loadable stored value card includes a first and second part being presented to the sender, the second part being presented to the recipient.
4 more elements
Dependencies are inferred from the claim text.