System and method for value delivery

A method for delivery of a monetary equivalent from an employer to a plurality of payees, the method comprising the steps of:

• identifying a first and second payee from the plurality of payees;
• identifying a first monetary amount to be delivered to the first payee and a first financial institution to be associated with the first payee, and identifying a second monetary amount to be delivered to the second payee and a second financial institution to be associated with the second payee;
• and
• funding a first stored value account for the first payee at the first financial institution, the first stored value account funded according to the first monetary amount, and funding a second stored value account for the second payee at the second financial institution, the second stored value account funded according to the second monetary amount.

A method for delivery of a monetary equivalent from a first employer to at least one payee associated with the first employer and from a second employer to at least one payee associated with the second employer, the method comprising the steps of:

• identifying at least one of the at least one payees associated with the first employer and a monetary amount to be delivered to each of the at least one identified payees associated with the first employer, such identification performed at the discretion and direction of the first employer;
• identifying at least one of the at least one payees associated with the second employer and a monetary amount to be delivered to each of the at least one identified payees associated with the second employer, such identification performed at the discretion and direction of the second employer;
• and
• funding a stored value account for each of the at least one identified payees associated with both the first and second employers, each stored value card account funded according to the monetary amount identified for the particular at least one identified payee.

A system for delivery of a monetary equivalent from an employer to a plurality of employees, the system comprising:

• means for identifying a first and second payee from the plurality of payees;
• means for identifying a first monetary amount to be delivered to the first payee and a first financial institution to be associated with the first payee;
• means for identifying a second monetary amount to be delivered to the second payee and a second financial institution to be associated with the second payee;
• means for funding a first stored value account for the first payee at the first financial institution, the first stored value account funded according to the first monetary amount;
• and
• means for funding a second stored value account for the second payee at the second financial institution, the second stored value account funded according to the second monetary amount.

A system for delivery of a monetary equivalent from a payor to at least one payee, the system comprising:

• a communications network operatively connecting at least one financial institution;
• at least one first processor, each of the at least one first processors accessible by one of the at least one financial institutions, and each of the at least one first processors capable of accepting and receiving funds for accounts handled by the at least one financial institution;
• a second processor accessible by the payor and operatively connected to the communications network, the second processor capable of accepting input from the payor identifying at least one of the at least one payees and the monetary amounts to be delivered to each of the at least one identified payees;
• a payor account established with one of the at least one financial institutions, the payor account funded with the total of the monetary amount(s) to be delivered to the at least one identified payees;
• at least one stored value account for each of the at least one identified payees, each of the at least one stored value accounts funded through the payor account and having a monetary value at least equal to the amount identified by the payor to be paid to the respective payee;
• at least one stored value card for each of the at least one payees, each of the at least one stored value cards having the monetary value of the corresponding at least one stored value account.

A system for delivery of value of a monetary equivalent from a payor to at least one payee, the system comprising:

• a communications network operatively connecting at least one financial institution;
• at least one first processor, each of the at least one first processors operatively connected to the communications network for use by one of the at least one financial institutions and providing access to and accepting and receiving funds for accounts handled by that financial institution;
• a second processor accessible by the payor and a third party processor, the second processor operatively connected to the communications network and capable of handling input from the payor identifying at least one of the at least one payees and the monetary amount to be received by each of the at least one identified payees;
• a payor funding account established at one of the at least one financial institutions;
• a settlement account established at one of the at least one financial institutions;
• at least one stored value account established for each of the at least one identified payees, each stored value account funded with an amount at least equal to the monetary amount identified for the identified payee for whom the stored value account is established.

A system and method for delivery of pay from a plurality of employers to at least one of the employees of that employer, the system comprising:

• a communications network operatively connecting a plurality of financial institutions;
• a plurality of first processors, each of the plurality of first processors operatively connected to the communications network for use by one of the plurality of financial institutions and providing access to accounts handled by that financial institution;
• a second processor accessible by the payor and a third party processor, the second processor operatively connected to the communications network, and capable of handling input from each of the plurality of employers whereby each employer in its discretion identifies at least one of the employees of that employer and the monetary amount to be received by the at least one identified employee from the employer;
• an employer funding account established at one of the at least one financial institutions;
• a settlement account established at one of the at least one financial institutions;
• at least one stored value account established for each of the at least one identified employees of the plurality of employers, each stored value account funded with an amount at least equal to the monetary amount identified for the identified employee for whom the stored value account is established.