System and method for conducting a return transaction for a PIN-activated account
US7311249B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jan 16, 2004 |
| Grant date | Dec 25, 2007 |
| Priority date | — |
| Expiry date | Jul 28, 2024 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04M2215/54
- WIPO fieldTelecommunications
- WIPO sectorElectrical engineering
Abstract
A system and method for conducting a PIN-enabled stored value account refund transaction is provided. A refund request is received, wherein the refund request is for a stored value account having an associated value purchased in a previous transaction, and the refund request comprises a PIN associated with the stored value account. The refund request may be received by a central processor from a merchant terminal at the request of a customer. The central processor or merchant terminal determine whether any of the associated value has been previously redeemed. A refund amount is determined. The refund amount may be provided to the customer.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.