Fund on activation
US8620781B2 · kind B2 · utility
1Cited by
2References
13Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Jun 10, 2009 |
| Grant date | Dec 31, 2013 |
| Priority date | — |
| Expiry date | Nov 19, 2029 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/12
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method of funding a financial transaction card, providing a financial transaction card to a user, wherein the financial transaction card has a face value and wherein an amount of funds pertaining to the face value is placed in a liability account, and wherein the financial transaction card has an actual value of zero, activating the financial transaction card by the user; and funding a funds pool for the financial transaction card with the funds from the liability account after the activation of the financial transaction card, wherein only funds from the funds pool is available for conducting a purchase.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.