American Express Travel Related Services Company, Inc.

Lead Core Fund, L.l.c.

Other

Bansi L Sharma

Fred Alan Bishop

Tracey R Thomas

Michael L Peterson

A system and method for activating and funding prepaid cards at the point of sale by making innovative use of existing point-of-sale devices and existing credit/debit card acceptance networks and processes. The invention obviates the need to implement new/different technology at point-of-sale terminals that are widely used at retail outlets. This invention makes use of the existing credit and charge card systems and processes, including industry standard message formats, to settle funds and fees between the seller and the issuer of the prepaid card, thus further reducing the expense and time-to-market for product distribution.

System and method for activating or changing the status of an account associated with a prepaid card

A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.

Allocating partial payment of a transaction amount using an allocation rule

A credit card and credit card payment system includes a zero-LOC card account having an associated zero-LOC card with a unique identification number and a zero line of credit. The issuer of the zero-LOC card assumes no credit risk. This zero-LOC card account is independent of a funding card account, such that the zero-LOC card is funded, at some point before use, by at least one funds transfer from the funding card account to provide a positive credit balance in the zero-LOC card account. At the point of use, zero-LOC card functions just like a regular credit card except for the fact that a debit/payment transaction on the zero-LOC card is authorized using the available credit balance on the zero-LOC card account instead of the available line-of-credit as in the case of a regular credit card.

Credit card, credit card systems and method

Systems and methods for authorizing an allocation of an amount between transaction accounts

A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also includes the options of interest payments, the use of different account issuers, different financial accounts, budget transfers, spend compartmentalization, cost-splitting, adjusting credit limits, loans, gifting, intermediary facilitating the transaction, transaction tracking, rapid funds availability, confidential transfer of funds, immediate initiation of shipment by a seller, releasing funds to a seller only after approval of the goods, services, or other value, demonstrating proof of payment, and recourse against a remote seller.

Systems and methods for facilitating transactions with interest

Systems and methods for suggesting an allocation

Systems and methods for facilitating transactions between different financial accounts

Systems and methods for adjusting crediting limits to facilitate transactions

Systems and methods for allocating an amount between transaction accounts

Systems and methods for establishing an allocation of an amount between transaction accounts

Systems and methods for facilitating transactions

Systems and methods for allocating an amount between sub-accounts

Systems and methods for receiving an allocation of an amount between transaction accounts

Systems and methods for facilitating transactions with different account issuers

Growing community of inventors

New York, NY, United States of America

Bansi L Sharma