Systems and methods for prepaid card funding for sponsored purchases
AssigneeWorldpay, LLC
InventorJackson Andrew Unrau
Life of this patent
Estimating the term…
Abstract
A computer-implemented method for prepaid card funding for sponsored purchases includes receiving a payment request for funding a sponsored purchase using a payment vehicle, deducting funds from a financial account associated with the payment vehicle, such that the financial account has a negative balance, and loading additional funds into the financial account associated with the payment vehicle, such that the financial account has a zero balance.
Claims20
A computer-implemented method for prepaid card funding for sponsored purchases, the method comprising:
- receiving a payment request for funding a sponsored purchase using a payment vehicle;
- approving the payment request based on the payment vehicle meeting predetermined criteria including one or more of the sponsored purchase being at a certain type of merchant identified by a merchant category code (MCC), at a particular merchant identified by a merchant identifier (MID), within a geofence radiating a predetermined radius from a desired location, at a location along a particular route from a starting point and a destination, within a predetermined window of time, or for a particular product or service;
- and
- deducting funds from a financial account associated with the payment vehicle.
A computer-implemented method for prepaid card funding for sponsored purchases, the method comprising:
- receiving a payment request for funding a sponsored purchase using a payment vehicle;
- approving the payment request based on the payment vehicle meeting predetermined criteria including one or more of the sponsored purchase being at a certain type of merchant identified by a merchant category code (MCC), at a particular merchant identified by a merchant identifier (MID), within a geofence radiating a predetermined radius from a desired location, at a location along a particular route from a starting point and a destination, within a predetermined window of time, or for a particular product or service;
- and
- adding the payment request to a settlement file.
A non-transitory machine-readable medium storing instructions that, when executed by a computing system, causes the computing system to perform a method for method for prepaid card funding for sponsored purchases, the method including:
- receiving a payment request for funding a sponsored purchase using a payment vehicle;
- approving the payment request based on the payment vehicle meeting predetermined criteria including one or more of the sponsored purchase being at a certain type of merchant identified by a merchant category code (MCC), at a particular merchant identified by a merchant identifier (MID), within a geofence radiating a predetermined radius from a desired location, at a location along a particular route from a starting point and a destination, within a predetermined window of time, or for a particular product or service;
- and
- adding the payment request to a settlement file.
Dependencies are inferred from the claim text.