RELOADABLE DEBIT CARD SYSTEM AND METHOD

摘要

A reloadable debit card system (2) and method includes an issuing institution (4) whereat a main account is set up and multiple sub-accounts are established thereunder. Each sub-account corresponds to a respective cardholder. The sub-accounts are established and debit cards (10) are printed with respective sub-account numbers prior to distributing the cards to an POS distribution network (8). The cards (10) are purchased from the POS member establishments for predetermined incremental values, resulting in credits to the sub-accounts (12) Value can be added to such cards (10) in such increments. Goods and services can be purchased with the cards (10) whereupon the sub-accounts (12) are debited. Negotiable instruments, such as money orders and the like, can optionally be purchased with the cards (10).