Stored-value card agent

US10748141B2 · kind B2 · utility

Assignee

• The Toronto-Dominion Bank · CA

Inventors

• Salim Jivraj · North York, CA
• Lawrence Wong · San Francisco, US

Key dates

• Filing date: Oct 7, 2016
• Grant date: Aug 18, 2020
• Expiry date: Dec 29, 2038

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F7/1008
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A stored-value card agent includes a database and a card processor. The card processor is configured to receive from a wallet client a deposit request identifying a deposit amount, effect an electronic funds transfer of the deposit amount to a first account maintained by a computer server, and in the database configure a ledger with the deposit amount. The ledger is uniquely associated with the wallet client in the database. The card processor is configured to receive from the wallet client a withdrawal request identifying a withdrawal amount, confirm that the current balance value in the ledger is at least equal to the withdrawal amount, reduce the current balance value by the withdrawal amount, and initiate an electronic funds transfer of the withdrawal amount from the first account to a second account associated with the wallet client by transmitting to the computer server a transfer request identifying the withdrawal amount.