System and method for immediate issuance of transaction cards
US8191778B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Feb 2, 2012 |
| Grant date | Jun 5, 2012 |
| Priority date | — |
| Expiry date | Feb 2, 2032 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07G3/003
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method for substantially immediate issuance of transaction cards includes at least one unassigned transaction card including a storage medium having a card number encoded thereupon. The system also includes a computing system configured to receive application information from an applicant that has been provided said unassigned transaction card, and to activate the unassigned transaction card so that access to monetary funds is extended to the applicant through said unassigned transaction card, upon an evaluation of said application information indicating that the applicant has been approved for access to the monetary funds. The unassigned transaction card bears no visible marking presenting information concerning the applicant and encodes no information concerning said applicant upon the storage medium of said unassigned transaction card.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.