Granted Patent B2

US 8,424,758 · App. 13/242,844 · Granted Apr 23, 2013

Abstract

Claims (36)

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 last use data defining the occurence of the last transaction 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 current transaction at the POS terminal only if the current transaction satisfies the required interval between the last transaction and the current transaction.

2. The system of claim 1 ,

wherein the database further stores card type data for each card;

wherein the interval data is stored for each card in association with the card type data for that card;

wherein the card identifying information for an card captured at the POS is used to access the card type data in the database for that card; and

wherein the accessed card type data is used to access the interval data for that card.

3. The system of claim 1 , wherein the interval represented by the interval data represents a required number of days since the last transaction.

4. The system of claim 1 , wherein the interval data includes the a permitted number of days between the last transaction and the date of the current transaction.

5. The system of claim 1 , wherein the management system limits the transaction to a predetermined monetary amount.

6. The system of claim 1 , wherein the stored value card is a gift card having a predetermined monetary value.

7. The system of claim 1 , wherein the stored value card is purchased by a purchaser, and where the purchaser selects the required interval when activating the card.

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

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

database means for storing, in association with the card identifying information, transaction interval data defining a required time interval between transactions using the card and last use data defining the occurrence of the last transaction using the card; and

a management system means for accessing the database in response to card identifying information captured at the POS means and authorizing a current transaction at the POS means only if the current transaction satisfies the required interval between the last transaction and the current transaction, and declining the current transaction if the current transaction does not satisfy the required interval between the last transaction and the current transaction.

9. A method for processing stored value card transactions, comprising:

providing a card ID for a stored value card;

storing interval data and last use data at a database, the interval data representing a required interval between transactions that are conducted using the card and the last use data defining the occurrence of the last transaction using the card;

receiving, at a management system, card ID data captured at a POS device when the card is used for a transaction;

using, at a management system, the card ID data captured at the POS device for a current transaction, to retrieve the interval data and the last use data from the database;

authorizing, by the management system, the current transaction at the POS device only if the required interval has passed between the current transaction the last transaction.

10. The method of claim 9 ,

wherein the database further stores card type data for each card;

wherein the interval data is stored for each card in association with the card type data for that card;

wherein the card ID data for an card received at the POS is used to access the card type data in the database for that card; and

wherein the accessed card type data is used to access the interval data for that card.

11. The method of claim 9 , wherein the interval represented by the interval data represents a required number of days since the last transaction.

12. The method of claim 9 , further including the step limiting the transaction to a predetermined monetary amount.

13. The method of claim 9 , wherein the stored value card is a gift card having a predetermined monetary value.

14. The method 9 , wherein the stored value card is purchased by a purchaser, and where the purchaser selects the required interval when activating the card.

15. A system for processing transactions using a stored value card, wherein value stored on the card has been provided to a card user by a third party, the system comprising:

a database for storing, in association with the card identifying information for each card, data defining a card type corresponding to each card, and for storing, in association with each card type, transaction interval data defining a required time interval between transactions and last use data defining the occurrence of the last transaction using the card; and

a management system for accessing the database in response to card identifying information captured at a POS terminal from the card used at the POS terminal for a transaction, in order to obtain transaction interval data and last use data for the card type corresponding to the card used at the POS terminal, for authorizing a transaction at the POS terminal if the transaction satisfies the required time interval between transactions, and for providing an alert to the third party if the required interval between transactions has been exceeded.

Assignments (8)