Prepaid value account with reversion to purchaser systems and methods
AssigneeThe Western Union Company
InventorRobert Enzaldo
Life of this patent
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Abstract
Systems, methods, and devices are described for a refundable prepaid transaction cards. The methods and systems include a prepaid transaction card funded with funds by a purchaser. Also included is an issuer. The issuer receives the funds a distributes a prepaid transaction card associated with the funds. The methods and systems also include a prepaid transaction card identifier, wherein the prepaid transaction card identifier identifies the prepaid transaction card. The issuer maintains a central computer system that stores at least one parameter entitling the purchaser to a refund of at least a portion of the funds. The methods and systems also include a cash pool, the cash pool holding at least a portion of the funds funded by the purchaser.
Claims1
A method for providing a refundable pre-paid transaction card, the method comprising:
- receiving, with a computer system, an indication of an amount of funds received from a purchaser;
- linking, by the computer system associated with the issuer, an identifier of the transaction card with the funds, wherein:
- the identifier is used by a user to conduct purchase transactions;
- and
- the user and the purchaser are different persons;
- receiving, by the computer system, one or more parameters that govern use of the identifier;
- determining, by the computer system, at least one parameter of the one or more parameters has been satisfied;
- and
- providing, by the computer system, at least a partial refund to the purchaser of funds associated with the identifier that were not spent by the user.
Dependencies are inferred from the claim text.