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US 2014/0207683 A1Published application
Combination payment card and methods thereof
AssigneeWorldpay, LLC
InventorsBryan T. Bailey, Edward D. Paciolla
Life of this patent
Estimating the term…
Abstract
Systems and methods for processing payment transactions using combination payment cards. The combination payment card is associated with an open-loop account and one or more closed-loop accounts. Transaction information is received from a point-of-sale device. At least one of the closed-loop and open-loop account is debited.
Claims20
A non-transitory computer readable medium having instructions stored thereon which when executed by a processor cause the processor to:
- receive transaction information from an acquirer through a sponsoring network, the transaction information comprising an authorization request, a payment card account number, and a merchant identifier;
- determine whether the payment card account number identifies a combination payment card, wherein the combination payment card has an assigned card number that is associated with both a closed-loop account and an open-loop account, wherein the closed-loop account associated with the assigned card number is affiliated with a closed-loop merchant and the open-loop account associated with the assigned card number is affiliated with the sponsoring network;
- when the payment card account number identifies the combination payment card:
- determine, based on the merchant identifier, whether the transaction information is received from the closed-loop merchant;
- when the received transaction information is from the closed-loop merchant, determine whether the closed-loop account has sufficient funds;
- when the closed-loop account has sufficient funds, cause an authorization of sale to be transmitted to the acquirer through the sponsoring network;
- when the received transaction information is not from the closed-loop merchant, determine whether the open-loop account has sufficient funds;
- when the open-loop account has sufficient funds, cause an authorization of sale to be transmitted to the acquirer through the sponsoring network;
- and
- when the payment card account number is not associated with the combination payment card, determine whether a payment card account identified by the payment card account number has sufficient funds.
7 more elements
A non-transitory computer readable medium having instructions stored thereon which when executed by a processor cause the processor to:
- receive transaction information from an acquirer through a sponsoring network, the transaction information comprising an authorization request and a payment card account number;
- determine whether the payment card account number is associated with a combination payment card, wherein the combination payment card has an assigned card number that is associated with both a closed-loop prepaid account that is affiliated with a merchant and a prepaid account that is affiliated with the sponsoring network;
- when the payment card account number is associated with a combination payment card and the transaction information is received from the merchant, cause an authorization to be transmitted to the acquirer through the sponsoring network when the closed-loop prepaid account has sufficient funds to cover the authorization request;
- when the payment card account number is associated with a combination payment card and the transaction information is not received from the merchant, determine whether the prepaid account has sufficient funds to cover the authorization request;
- and
- when the payment card account number is not associated with the combination payment card, determine whether a payment card account associated with the payment card account number has sufficient funds to cover the authorization request.
3 more elements
A payment processing system, comprising:
- a combination payment card, wherein the combination payment card has an assigned card number that is associated with both a closed-loop account and an open-loop account, wherein the closed-loop account associated with the assigned card number is affiliated with a closed-loop merchant and the open-loop account associated with the assigned card number is affiliated with a sponsoring network;
- a payment processor, wherein the payment processor is one of an acquirer and an issuer, wherein the payment processor is configured to:
- receive transaction information comprising an authorization request, a payment card account number, and a merchant identifier;
- determine whether the payment card account number identifies the combination payment card;
- when the payment card account number identifies the combination payment card:
- determine, based on the merchant identifier, whether the transaction information is associated with the closed-loop merchant;
- when the received transaction information is associated with the closed-loop merchant, determine whether the closed-loop account has sufficient funds;
- when the closed-loop account has sufficient funds, cause an authorization of sale to be transmitted;
- when the received transaction information is not from the closed-loop merchant, determining whether the open-loop account has sufficient funds;
- when the open-loop account has sufficient funds, cause an authorization of sale to be transmitted;
- and
- when the payment card account number is not associated with the combination payment card, determine whether a payment card account identified by the payment card account number has sufficient funds.
9 more elements
Dependencies are inferred from the claim text.