Stored value cards and methods for their issuance

US7774209B2 · kind B2 · utility

Assignees

• FIRST DATA CORPORATION · US
• The Western Union Company · US

Inventors

• Kevin James · Waynesville, US
• Peter A. Pridgeon · Sunrise, US
• David Cox
• Ryan Teixeira · Coral Springs, US

Key dates

• Filing date: Jul 22, 2008
• Grant date: Aug 10, 2010
• Expiry date: Jul 22, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for issuing both a virtual card and a physical card to a cardholder comprises issuing a virtual card to a cardholder, with the virtual card comprising an identifier and an associated database record of a stored value. A physical card is also issued to the cardholder. The physical card includes an identifier that is different from the virtual card identifier, and the physical card is in an inactive state until the physical card is activated by linking of the physical card identifier to the database record of the stored value.