IP Library › Granted Patent US 7,413,120
Granted Patent B2
US 7,413,120 · App. 11/483,391 · Granted Aug 19, 2008

Transaction card assemblies and methods

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Quick Facts
Patent No.
US 7,413,120
App. No.
11/483,391
Granted
Aug 19, 2008
Kind
B2
Abstract

Transaction card assemblies, systems and methods of making are provided. One such assembly includes a card carrier having a card integrally formed within. The card peripherally engages the card carrier and is adapted to be removed from the card carrier. An encodable strip is disposed on the card. The strip has first and second encodable tracks. The first encodable track is positioned to be read by a point-of-sale device when the card is engaged with the card carrier, and the second encodable track is positioned to be read by the point-of-sale device after the card is separated from the carrier. In this manner, the card can be read using the same point-of-sale device whether or not the card has been separated from the carrier.

Claims (31)

1. A method for performing a financial transaction comprising;

providing a transaction card assembly comprising:

a carrier;

a card integrally formed within and peripherally engaging the carrier, the card adapted to be removed from the carrier; and

a magnetic strip disposed on the card;

swiping the combined card and carrier through a point of sale device;

reading with the point of sale device identification data from only a first track on the magnetic strip to activate an account associated with the card;

detaching the card from the carrier;

swiping the detached card through a point of sale device;

reading with the point of sale device identification data from only a second track on the magnetic strip to perform a financial transaction associated with the account.

2. A method as in claim 1 , wherein the combined card and carrier are swiped through a slot in the point of sale device.

3. A method as in claim 1 , wherein the financial transaction comprises a debit transaction.

4. The method as in claim 3 wherein the carrier assembly and the card are substantially co-planar when the card peripherally engages the carrier and when swiped through the slot.

5. The method as in claim 3 wherein the card has generally rectangular first and second surfaces spaced apart by a peripheral edge, and wherein four sides of the peripheral edge engage the carrier assembly when the card assembly is swiped through the slot.

6. The method as in claim 1 wherein the card is a punch-out portion of the carrier, and further comprising punching out the card from the carrier.

7. The method as in claim 1 wherein an interface between the carrier and the card comprises a scored region in the carrier, the scored region defining a periphery of the card, and further comprising breaking the scores to remove the card.

8. The method as in claim 1 wherein the magnetic strip is positioned a first distance from a card edge and is positioned a second distance from an edge of the carrier, the card edge being disposed between the magnetic strip and the carrier edge.

9. The method as in claim 8 wherein a spacing between the two tracks is substantially the same as a difference between the second distance and the first distance.

10. The method as in claim 1 wherein the magnetic strip further comprises a third track.

11. The method as in claim 1 wherein the first and second tracks are encoded with a same data set.

12. The method as in claim 11 wherein the data set includes a card identifier.

13. A method for performing a financial transaction comprising;

providing a transaction card assembly comprising:

a carrier;

a card integrally formed within and peripherally engaging the carrier, the card adapted to be removed from the carrier; and

a magnetic strip disposed on the card;

swiping the combined card and carrier through a point of sale device;

reading with the point of sale device identification data from only a first portion on the magnetic strip to activate an account associated with the card;

detaching the card from the carrier;

swiping the detached card through a point of sale device;

reading with the point of sale device identification data from only a second portion on the magnetic strip to perform a financial transaction associated with the account.

Assignments (11)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Oct 28, 2020
From: GIFT SOLUTIONS LLC
To: FIRST DATA RESOURCES, LLC
Reel/Frame 054198/0704 →
MERGER AND CHANGE OF NAME Recorded Nov 20, 2019
From: VALUELINK, LLC; GIFT SOLUTIONS LLC
To: GIFT SOLUTIONS LLC
Reel/Frame 051068/0592 →
TERMINATION AND RELEASE OF SECURITY INTEREST IN PATENT RIGHTS Recorded Aug 19, 2019
From: WELLS FARGO BANK, NATIONAL ASSOCIATION
To: FIRST DATA CORPORATION; DW HOLDINGS, INC.; FIRST DATA RESOURCES, INC. (K/N/A FIRST DATA RESOURCES, LLC); FUNDSXPRESS FINANCIAL NETWORKS, INC.; INTELLIGENT RESULTS, INC. (K/N/A FIRST DATA SOLUTIONS, INC.); LINKPOINT INTERNATIONAL, INC.; MONEY NETWORK FINANCIAL, LLC; SIZE TECHNOLOGIES, INC.; TASQ TECHNOLOGY, INC.; TELECHECK INTERNATIONAL, INC.
Reel/Frame 050090/0060 →
TERMINATION AND RELEASE OF SECURITY INTEREST IN PATENT RIGHTS Recorded Aug 19, 2019
From: WELLS FARGO BANK, NATIONAL ASSOCIATION
To: FIRST DATA CORPORATION; DW HOLDINGS, INC.; FIRST DATA RESOURCES, LLC; FUNDSXPRESS FINANCIAL NETWORK, INC.; FIRST DATA SOLUTIONS, INC.; LINKPOINT INTERNATIONAL, INC.; MONEY NETWORK FINANCIAL, LLC; SIZE TECHNOLOGIES, INC.; TASQ TECHNOLOGY, INC.; TELECHECK INTERNATIONAL, INC.
Reel/Frame 050091/0474 →
TERMINATION AND RELEASE OF SECURITY INTEREST IN PATENT RIGHTS Recorded Aug 19, 2019
From: WELLS FARGO BANK, NATIONAL ASSOCIATION
To: FIRST DATA CORPORATION
Reel/Frame 050094/0455 →
RELEASE OF SECURITY INTEREST Recorded Jul 30, 2019
From: CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
To: CARDSERVICE INTERNATIONAL, INC.; DW HOLDINGS INC.; FIRST DATA CORPORATION; FIRST DATA RESOURCES, LLC; FUNDSXPRESS, INC.; INTELLIGENT RESULTS, INC.; LINKPOINT INTERNATIONAL, INC.; SIZE TECHNOLOGIES, INC.; TASQ TECHNOLOGY, INC.; TELECHECK INTERNATIONAL, INC.; TELECHECK SERVICES, INC.
Reel/Frame 049902/0919 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Nov 29, 2016
From: FIRST DATA CORPORATION
To: VALUELINK, LLC
Reel/Frame 040448/0908 →
SECURITY AGREEMENT Recorded Jan 31, 2011
From: DW HOLDINGS, INC.; FIRST DATA RESOURCES, LLC; FUNDSXPRESS FINANCIAL NETWORKS, INC.; FIRST DATA SOLUTIONS, INC.; LINKPOINT INTERNATIONAL, INC.; MONEY NETWORK FINANCIAL, LLC; SIZE TECHNOLOGIES, INC.; TASQ TECHNOLOGY, INC.; TELECHECK INTERNATIONAL, INC
To: WELLS FARGO BANK, NATIONAL ASSOCIATION, AS COLLATERAL AGENT
Reel/Frame 025719/0590 →
SECURITY AGREEMENT Recorded Nov 17, 2010
From: DW HOLDINGS, INC.; FIRST DATA RESOURCES, INC. (K/N/A FIRST DATA RESOURCES, LLC); FUNDSXPRESS FINANCIAL NETWORKS, INC.; INTELLIGENT RESULTS, INC. (K/N/A FIRST DATA SOLUTIONS, INC.); LINKPOINT INTERNATIONAL, INC.; MONEY NETWORK FINANCIAL, LLC; SIZE TECHNOLOGIES, INC.; TASQ TECHNOLOGY, INC.; TELECHECK INTERNATIONAL, INC.
To: WELLS FARGO BANK, NATIONAL ASSOCIATION, AS COLLATERAL AGENT
Reel/Frame 025368/0183 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jul 16, 2008
From: LEWIS, CYNTHIA M.; ALGIENE, KEN; PRICE, JAMES F.; DUESENBERG, JOHN R.
To: FIRST DATA CORPORATION
Reel/Frame 021242/0491 →
SECURITY AGREEMENT Recorded Oct 31, 2007
From: FIRST DATA CORPORATION; CARDSERVICE INTERNATIONAL, INC.; FUNDSXPRESS, INC.; LINKPOINT INTERNATIONAL, INC.; TASQ TECHNOLOGY, INC.; TELECHECK SERVICES, INC.; DW HOLDINGS, INC.; FIRST DATA RESOURCES, INC.; INTELLIGENT RESULTS, INC.; SIZE TECHNOLOGIES, INC.; TELECHECK INTERNATIONAL, INC.
To: CREDIT SUISSE, CAYMAN ISLANDS BRANCH, AS COLLATERAL AGENT
Reel/Frame 020045/0165 →