Methods for providing stand-in services for transaction card customization

US8136726B2 · kind B2 · utility

Assignee

• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• Tom Ferrara · Webster Groves, US
• Anna Whelan · Florissant, US
• Peter Weinberger · Wallisellen, CH

Key dates

• Filing date: Jan 21, 2010
• Grant date: Mar 20, 2012
• Expiry date: Mar 24, 2030

Classification

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

Abstract

The present invention is directed to methods for billing a transaction card applicant for the cost of a new customized transaction card as a stand-in service on behalf of a transaction card issuer. In some embodiments, the method comprises the steps of: (a) sending an approved customized transaction card image of an applicant to a database of the transaction card issuer; (b) sending information about the applicant and the cost of the new transaction card to a transaction formatter; (c) reformatting the information to produce a billing authorization record and submitting the record to a clearing system of a transaction card franchiser; (d) directly applying the cost of the new transaction card to an account of the applicant within a billing system of the transaction card issuer; and (e) mailing an invoice statement to the applicant including the cost of the new transaction card.