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US 8,757,483 B1Granted
Cards deployed with inactivated products for activation
AssigneeDynamics Inc.
InventorsJeffrey D. Mullen, Philip W. Yen, Christopher J. Rigatti
Life of this patent
Estimating the term…
Abstract
A payment card is provided with a display. A card may be provided to a user with a number of inactivated products. The products may be assigned to the user at card issuance. A user may then activate these products online or via phone. Accordingly, a user may be provided with a cross-selling platform for new products. Discounts, fee waivers, and/or value may be added to an account when an inactivated product is activated.
Claims21
A payment device, comprising:
- a dynamic magnetic stripe communications device;
- a battery;
- and
- a plurality of buttons,
- wherein an activated credit product is associated with a first one of said plurality of buttons, said activated credit product being associated with a first payment network brand,
- an inactivated credit product is associated with a second one of said plurality of buttons, said inactivated credit product being associated with a second payment network brand,
- said first and second payment network brands are different, and
- said inactivated credit product is a product requiring activation by a user prior to completion of a purchase authorization associated with said inactivated product.
5 more elements
A payment device, comprising:
- a memory;
- and
- a plurality of buttons,
- wherein a primary product and an inactivated product are stored in said memory, and
- said inactivated product is a product requiring activation by a user prior to completion of a transaction associated with said inactivated product.
2 more elements
A method, comprising:
- storing a primary product in a memory of a payment device;
- and
- storing an inactivated product in said memory,
- wherein said inactivated product is a product requiring activation by a user prior to completion of a transaction associated with said inactivated product.
1 more element
Dependencies are inferred from the claim text.