Dynamic fee structuring in a stored valude card program
Dynamic fee structuring in a stored valued program is provided. One embodiment is a system for implementing a stored value card program, which comprises: a device that provides stored value card services to a user; and a fee structure database for determining an amount of a transaction fee to charge a user for a stored value card service provided by the device.
1 . A method for loading a stored value card, the method comprising:
receiving a user selection for an amount to be loaded to a stored value card account; and
determining a transaction fee based on the user selection.
2 . The method of claim 1 , further comprising loading the stored value card account with the remainder of the user-selected amount minus the transaction fee.
3 . The method of claim 1 , wherein the determining a transaction fee based on the user selection comprises determining a transaction fee based on the amount to be loaded to the stored value card account.
4 . The method of claim 1 , wherein the determining a transaction fee based on the user selection comprises determining a transaction fee based on information related to the user.
5 . The method of claim 1 , wherein the determining a transaction fee based on the user selection comprises determining a transaction fee based on information related to a merchant device.
6 . The method of claim 1 , wherein the determining a transaction fee based on the user selection comprises determining a transaction fee based on a merchant associated with a merchant device.
7 . The method of claim 1 , wherein the determining a transaction fee based on the user selection comprises:
submitting a request to a host for the amount of the transaction fee; and
receiving the amount of the transaction fee from the host.
8 . The method of claim 7 , further comprising accessing a fee structure database to determine the amount of the transaction fee.
9 . The method of claim 1 , wherein the transaction fee-comprises an enrollment fee.
10 . The method of claim 1 , wherein the transaction fee comprises a reload fee.
11 . A device for providing stored value card services, the device comprising:
an input device that reads data from a stored value card of a user; and
a dynamic fee structure module that automatically determines an amount of a transaction fee to charge a user for a stored value card service provided by the device.
12 . The device of claim 11 , further comprising a network interface device configured to communicate with a host via a communications network.
13 . The device of claim 12 , wherein the dynamic fee structure module comprises logic configured to request the amount of the transaction fee from the host.
14 . The device of claim 12 , wherein the dynamic fee structure module comprises:
logic configured to receive a user selection for a load amount to be loaded to the stored value card; and
logic configured to submit a request to the host to determine the amount of the transaction fee.
15 . The device of claim 12 , wherein the dynamic fee structure module submits a request to the host to determine the amount of the transaction fee based on a load amount requested by the user.
16 . The device of claim 12 , wherein the dynamic fee structure module submits a request to the host to determine the amount of the transaction fee based on at least one of a load amount requested by the user, a merchant associated with the device, user information related to the user, temporal information; and information identifying the device.
17 . A system for implementing a stored value card program, the system comprising:
a device that provides stored value card services to a user; and
a fee structure database that determines an amount of a transaction fee to charge a user for a stored value card service provided by the device.
18 . The system of claim 17 , wherein the fee structure database determines the amount of the transaction fee based on a load amount requested by the user.
19 . The system of claim 17 , wherein the fee structure database determines the amount of the transaction fee based at least one of a load amount requested by the user, a device identifier, a merchant identifier, temporal information; and information related to the user.
20 . The system of claim 17 , wherein at least a portion of the fee structure database is included in the device.
21 . The system of claim 17 , wherein the fee structure database is maintained by a host in communication with the device.
22 . The system of claim 21 , wherein the device submits a request to the host to provide the amount of the transaction fee based on the fee structure database.
23 . A method for implementing a stored value card program, the method comprising:
monitoring transaction data from a plurality of devices, which are providing stored value card services; and
based on the transaction data, developing a fee schedule database for controlling transaction fees to be charged for stored valued card services provided by the plurality of devices.
24 . The method of claim 23 , further comprising optimizing the fee structure database based on the transaction data.
25 . The method of claim 23 , wherein the fee schedule database defines the transaction fees based on at least one of a merchant ID, a device ID, information corresponding to consumer information, temporal information; and a load amount associated with a stored value card transaction.
26 . The method of claim 23 , further comprising receiving a fee amount request from one of the plurality of devices.
27 . The method of claim 26 , further comprising determining an amount for a transaction fee based on information provided in the fee amount request.
28 . A system for implementing a stored value card program, the system comprising:
a fee structure database for receiving fee amount requests from a plurality of devices that provide stored value card services, the fee structure database configured to determine an amount for a transaction fee to charge a customer being serviced by one of the plurality of devices based on the fee amount request received from the one of the plurality of devices; and
a fee optimization engine that receives transaction data from the plurality of devices and updates the fee structure database based on the transaction data.
29 . The system of claim 28 , wherein the fee structure database determines the amount for the transaction fee based on at least one of a merchant ID, a device ID, information corresponding to consumer information, temporal information; and a load amount associated with a stored value card transaction.
30 . The system of claim 28 , wherein the fee structure database supports at least one marketing program.
31 . The system of claim 30 , wherein the at least one marketing program targets at least one merchant associated with at least one of the plurality of device.