Virtual terminal for payment processing
View Patent ↗In some embodiments, a process for performing transaction tasks using a virtual terminal comprises: presenting functions to a user, receiving a selected function, and performing the selected function. The presented functions may comprise: (a) activating at least one card; (b) deactivating a card; (c) generating a PIN; (d) inserting value; (e) generating an End of Day report; and (f) managing users.
1. A system of processing stored value card transactions over a network, the system comprising:
a merchant processor configured to:
use as a virtual terminal such that a dedicated physical merchant terminal is unnecessary, wherein the virtual terminal configured to display a plurality of stored value card transaction options, which including at least one of the set consisting of stored value card activation, stored value card deactivation, personal identification number (PIN) generation, and account value insertion; and
transmit a transaction request in response to selection of one of the stored value card transaction options by a user of the virtual terminal;
a central processor configured to:
receive over the network the transaction request from the merchant processor, wherein the transaction request having been initiated by a merchant selection from the plurality of stored value card transaction request options;
determine which of the transaction request options was selected;
determine that sufficient information to carry out the transaction request was provided;
determine, based on information of the transaction request, whether the transaction request meets at least one authorization criteria by determining whether the merchant processor is authorized to request one of the stored value card transaction options;
responsive to a determination that the transaction request does not meet the authorization criteria, transmit an error message to the merchant processor; and
responsive to a determination that the transaction request meets the authorization criteria, transmit a confirmation message to the merchant processor and initiating the requested transaction.
2. The system according to claim 1 wherein the transaction request is a request to activate a stored value card, the transaction request comprises a stored value card serial number and a value to be associated with the stored value card provided by the user in response to prompts by the virtual terminal, and the central processor further configured to activate the stored value card and associate the value with the stored value card responsive to a determination that the transaction request meets the authorization criteria.
3. The system according to claim 2 wherein the determination of whether the transaction request meets the authorization criteria includes at least one of the set consisting of:
determining by the central processor whether the stored value card has already been activated,
determining by the central processor whether the merchant processor is authorized to request activation of the card, and
determining by the central processor whether the stored value card serial number is valid.
4. The system according to claim 1 wherein the transaction request is a request to deactivate a stored value card, the transaction request comprises at least one of the set consisting of a stored value card serial number and a PIN provided by the user in response to prompts by the virtual terminal, and the central processor further configured to determine whether the stored value card is active, and deactivating the stored value card based on a determination by the central processor that the transaction request meets the authorization criteria.
5. The system according to claim 4 wherein the determination of whether the transaction request meets the authorization criteria includes at least one of the set consisting of:
determining by the central processor whether the stored value card is active,
determining by the central processor whether the merchant processor is authorized to request deactivation of the card, and
determining by the central processor whether the at least one of the set consisting of a stored value card serial number and a PIN is valid.
6. The system according to claim 1 wherein the transaction request is a request to insert value into a pre-existing customer account with a provider of goods and services, the transaction request comprises a stored value card serial number, information sufficient to identify the pre-existing customer account, and an amount to be inserted into the pre-existing customer account provided by the user in response to prompts by the virtual terminal, and the central processor further configured to, responsive to a determination that the transaction request meets the authorization criteria, determine the provider of goods and services based on the information in the transaction request, and pass to the provider of goods or services a request to insert the amount into the pre-existing customer at the provider of goods or services.
7. The system according to claim 6 wherein the central processor determines whether the transaction request meets the authorization criteria comprises at least one determination of the set consisting of:
whether the stored value card is active,
whether the amount to be inserted exceeds a value associated with the stored value card, and
whether the merchant processor is authorized to request value insertion.