Stored value card transaction control systems and methods
AssigneeFirst Data Corporation
InventorsBret M. Esslinger, Cathy A. Olson
Life of this patent
Estimating the term…
Abstract
A gift card processing system which includes a database storing interval information representing a required interval between transactions using the gift card. The database also stores data representing the maximum amount of each transaction. The gift card processing system is part of a network that includes POS terminals at merchant locations, where the gift card may be presented. A card ID is read from the card at a POS terminal and used to access the interval data and the maximum transaction amount data.
Claims16
A system for processing transactions using a stored value card, comprising:
- a POS terminal for capturing card identifying information when the card is used for a transaction;
- a database storing, in association with the card identifying information, transaction interval data defining a required time interval between transactions using the card;
- and
- a management system for accessing the database in response to card identifying information captured at the POS terminal and authorizing a transaction at the POS terminal only if the transaction satisfies the required interval between transactions.
A system for processing transactions using a stored value card, comprising:
- POS means for capturing card identifying information when the card is used for a transaction;
- database means for storing, in association with the card identifying information, transaction interval data defining a required time interval between transactions using the card;
- and
- a management system means for accessing the database in response to card identifying information captured at the POS means and authorizing a transaction at the POS means only if the transaction satisfies the required interval between transactions.
A method for processing stored value card transactions, comprising:
- providing a card ID for a stored value card;
- storing interval data at a database, the interval data representing a required interval between transactions that are conducted using the card;
- receiving, at a management system, card ID data captured at a POS device when the card is used for a transaction;
- using, at a management system, the card ID data captured at the POS device to retrieve the interval data from the database;
- and
- authorizing, by the management system, the transaction at the POS device only if the required interval has passed since the last transaction.
The method 9, wherein the stored value card is purchased by a purchaser, and where the purchaser selects the required interval when activating the card.
A system for processing transactions using a stored value card, wherein value stored on the card has been provided to a card user by a third party, the system comprising:
- a database for storing, in association with the card identifying information for each card, data defining a card type corresponding to each card, and for storing, in association with each card type, transaction interval data defining a required time interval between transactions;
- and
- a management system for accessing the database in response to card identifying information captured at a POS terminal from the card used at the POS terminal for a transaction, in order to obtain transaction interval data for the card type corresponding to the card used at the POS terminal, for authorizing a transaction at the POS terminal if the transaction satisfies the required time interval between transactions, and for providing an alert to the third party if the required interval between transactions has been exceeded.
Dependencies are inferred from the claim text.