Method and system for activation and funding of prepaid card accounts within a restricted authorization network

摘要

A method for activating and funding a stored value, prepaid card account includes acquiring, with a point of sale (POS) device, a first data set associated with the card and purchase thereof, and a second data set associated with the card and activation, deactivation, funding, loading, and reloading thereof. The method also includes transmitting a specific transaction trigger amount for card account activation and transmitting the second data set across a universal payment network to an authorization system associated with the second data set. The method further includes transmitting, from the authorization system, a transaction approval message to the POS including data relating to a funded value of the account, an electronic settlement message causing payment to the merchant for selling the card, an electronic message in the amount of the funded value of the account plus the specific transaction trigger amount, and an electronic message to debit the account.

主权项

1. A method for activating and funding a stored value prepaid card account, said method comprising:
acquiring, with a point of sale (POS) device, a first data set associated with a stored value prepaid card, the first data set also associated with a purchase of the stored value prepaid card; acquiring, with the POS device, a second data set associated with the stored value prepaid card, the second data set also associated with an activation, deactivation, funding, loading, and reloading of a stored value prepaid card account, the second data set including a transaction trigger amount pre-defined for card activation; transmitting the second data set from the POS device onto a universal payment network; receiving the transmission at an authorization system associated with the second data set; transmitting, from the authorization system, an authorization response message to the POS, the authorization response message including data relating to a funded value of the stored value prepaid card account; transmitting, from the authorization system, an electronic message causing a payment to be made to the merchant for selling the stored value prepaid card; transmitting, from the authorization system, an electronic settlement message in the amount of the funded value of the stored value prepaid card account plus the transaction trigger amount, the electronic settlement message operable to debit an account of an entity with which the stored value prepaid card may be redeemed; and settling the amount of the funded value of the stored value prepaid card account plus the transaction trigger amount with an operator of the authorization system and the universal payment network.