System and method for re-associating an account number to another transaction account
View Patent ↗A method and system for converting a first transaction account device to a second transaction account device wherein a card number associated with, or defined as, a first transaction account (e.g., stored value account) is re-associated with, or re-defined as, a second transaction account (e.g., credit card account).
1. A method for facilitating the re-association of an account number associated with a first transaction account to a second transaction account, comprising the steps of:
providing said second transaction account;
receiving said account number associated with said first transaction account;
associating account number with said second transaction account;
wherein said account number is a proxy account number associate with a transponder, wherein said proxy account number within a proxy system is configured to associate said proxy account number to more than one transaction account, and wherein said proxy account number is authorized to be used for multiple transactions.
2. The method of claim 1 , wherein said account number comprises unchangeable indicia permanently associating said account number with a proxy account number.
3. The method of claim 1 , wherein said first transaction account includes at least one of a stored value account, charge card account, loyalty account, phone card account, credit card account, and debit card account.
4. The method of claim 1 , wherein said second transaction account includes at least one of a stored value account, charge card account, loyalty account, phone card account, credit card account, and debit card account.
5. The method of claim 1 , wherein said account number includes at least one of number, code, letter, symbol, and biometric.
6. The method of claim 1 , wherein said receiving step further includes receiving a PIN.
7. A method for facilitating the re-association of an account number associated with a first transaction account to a second transaction account, comprising the steps of:
providing said second transaction account;
receiving said account number associated with said first transaction account;
associating said account number with said second transaction account,
wherein said second transaction account is associated with at least one of a stored value account, charge card account, loyalty account, phone card account, credit card account, and debit card account; wherein said account number is a proxy account number, wherein said proxy account number within a proxy system is configured to associate said proxy account number to more than one transaction account, and wherein said proxy account number is authorized to be used for multiple transactions.