System and process for issuing and managing forced redemption vouchers having alias account numbers

US6330544A · kind A · utility

Assignee

• Walker Digital, LLC · US

Inventors

• Jay S. Walker · Ridgefield, US
• Sanjay K. Jindal · Wilton, US

Key dates

• Filing date: Mar 5, 1999
• Grant date: Dec 11, 2001
• Expiry date: Mar 5, 2019

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A redemption voucher program having systems and processes for use in a credit card system. The following steps are carried about by the systems and processes and include, but are not limited to, identifying an account issued by an account issuer, generating a redemption voucher identifier corresponding to the account identifier and producing a redemption voucher including the redemption voucher identifier, distributing the redemption voucher to an account owner, and, at a merchant facility, receiving a redemption voucher from the account owner during a transaction having a specified value. Thereafter, such systems and processes take care of transmitting the redemption voucher identifier and the specified value from the merchant facility to an account number clearing authority for clearing against the account. Next, at the account issuer, the systems take care of receiving a request to authorize the redemption voucher during the transaction, identifying the account corresponding to the redemption voucher identifier, authorizing the redemption voucher, updating the account based on the transaction value, and transmitting an authorization notification from the account issuer to the ac…