IP Library › Granted Patent US 8,025,221
Granted Patent B2
US 8,025,221 · App. 12/111,692 · Granted Sep 27, 2011

Stored value card transaction control systems and methods

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Quick Facts
Patent No.
US 8,025,221
App. No.
12/111,692
Granted
Sep 27, 2011
Kind
B2
Abstract

A gift card processing system which includes a database storing interval information representing a required interval between transactions using the gift card. The database also stores data representing the maximum amount of each transaction. The gift card processing system is part of a network that includes POS terminals at merchant locations, where the gift card may be presented. A card ID is read from the card at a POS terminal and used to access the interval data and the maximum transaction amount data.

Claims (7)

1. A system for processing transactions using a stored value card, comprising:

a POS terminal for capturing card identifying information when the card is used for a transaction;

a database storing, in association with the card identifying information, transaction interval data defining a required time interval between transactions using the card; and

a management system for accessing the database in response to card identifying information captured at the POS terminal and authorizing a transaction at the POS terminal only if the transaction satisfies the required interval between transactions;

wherein the interval data includes the date of the last transaction and a required interval between the last transaction and a current transaction, and wherein the management system provides an alert if more time than the required interval has passed since the last transaction.

2. The system of claim of claim 1 , wherein the alert is provided to the POS terminal.

3. The system of claim of claim 1 , wherein value stored on the card has been provided to a card user by a third party, and wherein the alert is electronically provided to the third party.

Assignments (13)
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 050092/0925 →
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: FIRST DATA CORPORATION; CLOVER NETWORK, INC.; MONEY NETWORK FINANCIAL, LLC
Reel/Frame 049899/0001 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Nov 29, 2016
From: FIRST DATA CORPORATION
To: VALUELINK, LLC
Reel/Frame 040448/0908 →
SECURITY AGREEMENT Recorded Mar 25, 2013
From: FIRST DATA CORPORATION; CLOVER NETWORKS, INC.; MONEY NETWORK FINANCIAL, LLC
To: CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
Reel/Frame 030080/0531 →
SECURITY AGREEMENT Recorded Jul 12, 2011
From: FIRST DATA CORPORATION
To: WELLS FARGO BANK, NATIONAL ASSOCIATION, AS COLLATERAL AGENT
Reel/Frame 026578/0186 →
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 Apr 30, 2008
From: ESSLINGER, BRET M.; OLSON, CATHY A.
To: FIRST DATA CORPORATION
Reel/Frame 020877/0994 →