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US 9,754,252 B2Granted
System and method for providing a user-loadable stored value card
AssigneeCapital One Financial Corporation
InventorDavid Pinski
Life of this patent
Estimating the term…
Abstract
A system and method in accordance with example embodiments may provide a user-loadable stored value card. Additionally, a system and method in accordance with example embodiments may allow an institution to receive a user-loadable stored value card activation request from a sender, activate a user-loadable stored value card using the information received in the activation request, and provide card management capabilities to the sender.
Claims20
A system, comprising:
- one or more computer processors that receives, via a network, a user-loadable stored value card activation request for an amount to be loaded onto the user-loadable stored value card from a fund source of a sender;
- an institution database that stores information about the user-loadable stored value card associated with the activation request;
- a processor that activates the user-loadable stored value card using the information received in the activation request;
- a management module that provides card management and deposit capabilities to the sender via a system generated user interface;
- and
- a redemption module that includes a processor, wherein the redemption module receives a redemption request from a recipient of the user-loadable stored value card and processes the redemption request to automatically transfer funds from the sender fund source;
- wherein the redemption module receives and evaluates a recipient key associated with the redemption request, which is paired with a sender key associated with the activation request, via a mobile device of the recipient to authenticate the processing of the redemption request.
4 more elements
A method, comprising:
- receiving, via a network, a user-loadable stored value card activation request from a sender for an amount to be loaded onto the user-loadable stored value card from a fund source of the sender;
- storing information about the user-loadable stored value card associated with the activation request in an institution database;
- activating the user-loadable stored value card using the information received in the activation request;
- providing card management capabilities to the sender via a system generated user interface;
- receiving, via a redemption module, a redemption request from a recipient of the user-loadable stored value card and processes the redemption request to automatically transfer funds from the sender fund source;
- wherein the redemption module receives and evaluates a recipient key associated with the redemption request, which is paired with a sender key associated with the activation request, via a mobile device of the recipient to authenticate the processing of the redemption request.
3 more elements
Dependencies are inferred from the claim text.