SYSTEM AND METHOD FOR PREPAID PURSE DRIVE PAYMENTS

SYSTEM AND METHOD FOR PREPAID PURSE DRIVE PAYMENTS

A prepaid spending card for the storage of funds, the prepaid spending card comprising a single primary account number. The prepaid spending card further comprises a first purse identified by a first pseudo DDA, the first purse authorized to received funds from any available funding source, and a se...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: Buckley, Andrew, Cronin, Thomas Robert, Hudson, Scott, Johnson, Marvin Richard
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A prepaid spending card for the storage of funds, the prepaid spending card comprising a single primary account number. The prepaid spending card further comprises a first purse identified by a first pseudo DDA, the first purse authorized to received funds from any available funding source, and a second purse identified by a second pseudo DDA, the second purse authorized to send and receive funds only from restricted sources. The first pseudo DDA is used to route incoming funds to the first purse and the second pseudo DDA is used to route incoming funds to the second purse. Moreover, the first purse receives funds from any available funding source and the second purse receives from restricted funding sources.