Stored-value card system

US11727393B2 · kind B2 · utility

Assignee

• The Toronto-Dominion Bank · CA

Inventors

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

Key dates

• Filing date: Jul 15, 2020
• Grant date: Aug 15, 2023
• Expiry date: Aug 15, 2040

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 system includes a POS terminal, a communications device, and a stored-value card agent. The stored-value card agent is configured to receive, from the communications device, a message that identifies a payment amount; transmit, to a stored-value card network, a request message that includes the payment amount; receive a confirmation of the stored-value card network associating the payment amount with a stored-value card account that is maintained by the stored-value card network; and transmit a token to the communications device. The POS terminal is configured to transmit to the stored-value card network a completion message that includes the token and excludes the payment amount, and receive from the stored-value card network an authorization code that confirms authorization of a funds transfer in the payment amount.