System, program product, and associated methods to autodraw for micro-credit attached to a prepaid card
IPC분류정보
국가/구분
United States(US) Patent
등록
국제특허분류(IPC7판)
G06Q-020/00
출원번호
US-0417211
(2009-04-02)
등록번호
US8069085
(2011-11-16)
발명자
/ 주소
Ahlers, Rebecca
Crowe, Andrew B.
Galit, Scott H.
Sorbe, Trent
출원인 / 주소
Metabank
대리인 / 주소
Bracewell & Giuliani LLP
인용정보
피인용 횟수 :
33인용 특허 :
107
초록▼
A prepaid card processor receives data for a line of credit for a prepaid card from a lending institution computer. The prepaid card processor makes available draws to the line of credit line on behalf of the lending institution computer in an authorization stream for a proposed purchase using the p
A prepaid card processor receives data for a line of credit for a prepaid card from a lending institution computer. The prepaid card processor makes available draws to the line of credit line on behalf of the lending institution computer in an authorization stream for a proposed purchase using the prepaid card as payment. When the line of credit is accessed, the processor loads the prepaid card with an additional value equal to one or more preselected loan increments so that the prepaid card then has a new amount totaling a previous amount plus the amount of value of the one or more preselected loan increments and so that the new amount exceeds or equals the value of a proposed purchase. Then the processor notifies the lending institution so that the line of credit balances on the lending institution computer and the prepaid card processor are kept in sync.
대표청구항▼
That claimed is: 1. A system to allow a prepaid card user to access a line of credit coupled to a prepaid card account when using a prepaid card, the system comprising:a first computer associated with a plurality of prepaid card accounts defining a prepaid card processor, the prepaid card processor
That claimed is: 1. A system to allow a prepaid card user to access a line of credit coupled to a prepaid card account when using a prepaid card, the system comprising:a first computer associated with a plurality of prepaid card accounts defining a prepaid card processor, the prepaid card processor configured to control access to the plurality of prepaid card accounts and communicate with a second computer associated with a lending institution defining a lending institution computer through an electronic communications network; andnon-transitory computer memory encoded with computer program operable on the prepaid card processor, computer program comprising:a first computer program to facilitate extending a line of credit coupled to at least one of the plurality of prepaid card accounts defining an incremental line of credit interface module, the incremental line of credit interface module comprising the instructions of:associating a line of credit identifier with at least one of the plurality of prepaid card accounts responsive to receiving line of credit data from the lending institution computer to thereby couple the at least one of the plurality of prepaid card accounts to a line of credit adapted to be drawn in at least one of a plurality of separate predetermined loan increments and established by the lending institution computer, the line of credit data including the following: a value of one of the plurality of separate predetermined loan increments, a predetermined loan advance fee, and a total credit limit,a second computer program to allow one or more draws to the line of credit coupled to at least one of the plurality of prepaid card accounts in one or more of the plurality of separate predetermined loan increments when using a prepaid card, the second computer program defining an incremental line of credit dispensing module and comprising the instructions of:processing, by the prepaid card processor, transaction data associated with a proposed purchase to thereby determine when a prepaid card associated with the at least one of the plurality of the prepaid card accounts is being used as payment for the proposed purchase and when a value of the proposed purchase is greater than a value associated with the at least one of the plurality of the prepaid card accounts,determining, by the prepaid card processor responsive to the value of the proposed purchase being greater than the value associated with the at least one of the plurality of the prepaid card accounts, a number of separate predetermined loan increments to be added to the value associated with at least one of the plurality of the prepaid card accounts so that the number of separate predetermined loan increments multiplied by the value of one of the plurality of separate predetermined loan increments plus the value associated with the at least one of the plurality of prepaid card accounts exceeds the value of the proposed purchase by less than the value of one of the plurality of separate predetermined loan increments,loading, by the prepaid card processor, the at least one of the plurality of the prepaid card accounts with at least one of the plurality of separate predetermined loan increments that corresponds with the number of separate predetermined loan increments to thereby define loaded predetermined increments when the loaded predetermined increments and a total value of the predetermined loan advance fee corresponding thereto collectively do not exceed a line of credit balance available, the total value of the predetermined loan advance fee being equal to the predetermined loan advance fee multiplied by the number of separate predetermined loan increments and being less than a value of the loaded predetermined increments,approving, by the prepaid card processor, the proposed purchase,deducting, by the prepaid card processor, the value of the proposed purchase from the value associated with the at least one of the plurality of the prepaid card accounts, the difference between the value of the proposed purchase and the value associated with the prepaid card account being no greater than the value of one of the plurality of separate predetermined loan increments, each of the plurality of separate predetermined loan increments being equal in value, andnotifying, by the prepaid card processor, the lending institution computer of the loaded predetermined increments to the at least one of the plurality of prepaid card accounts.
연구과제 타임라인
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이 특허에 인용된 특허 (107)
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