Fund on activation
AssigneeVisa U.S.A. Inc.
InventorDavid Ross Baumgartner, IV
Life of this patent
Estimating the term…
Abstract
A system and method of funding a financial transaction card, providing a financial transaction card to a user, wherein the financial transaction card has a face value and wherein an amount of funds pertaining to the face value is placed in a liability account, and wherein the financial transaction card has an actual value of zero, activating the financial transaction card by the user; and funding a funds pool for the financial transaction card with the funds from the liability account after the activation of the financial transaction card, wherein only funds from the funds pool is available for conducting a purchase.
Claims13
A system of finding a financial transaction card, comprising:
- a card issuer-generator configured to generate a financial transaction card, the financial transaction card having a face value,
- wherein the face value is provided and specifiable in an order of the financial transaction card, and
- wherein an amount of funds pertaining to the face value is placed in a liability pool database upon the order completion of the financial transaction card, and
- wherein the financial transaction card has an actual value of zero that remains zero following the order completion and prior to activation of the financial transaction card;
- and
- an activation interface configured to receive an electronic activation request for the financial transaction card from a customer.
A processor-implemented method of funding a financial transaction card, comprising:
- providing, using a processor, a financial transaction card to a user, the financial transaction card having a face value,
- wherein the face value is provided and specifiable in an order of the financial transaction card, and
- wherein an amount of funds pertaining to the face value is placed in a liability pool database upon the order completion of the financial transaction card, and
- wherein the financial transaction card has an actual value of zero that remains zero following the order completion and prior to activation of the financial transaction card;
- and
- receiving an activating request for the financial transaction card by a customer.
A computer-readable storage medium encoded with data and instructions, that when executed by a computing device, causes the computing device to:
- provide a financial transaction card to a user, the financial transaction card having a face value,
- wherein the face value is provided and specifiable in an order of the financial transaction card, and
- wherein an amount of funds pertaining to the face value is placed in a liability pool database upon the order completion of the financial transaction card, and
- wherein the financial transaction card has an actual value of zero that remains zero following the order completion and prior to activation of the financial transaction card;
- and
- receive an activating request for the financial transaction card by a customer.
Dependencies are inferred from the claim text.