Patent ID: 6615189
Filing Date: 2003-09-02
Classification: G06Q,G07F,G07G

Abstract:
A computer implemented method for issuing a stored value card affiliated with a predetermined credit network and an issuer, wherein the credit network and the issuer each have separate identification indicia, the method comprising:presenting an individual purchaser with an opportunity to buy the stored value card; determining with a computer processor whether the individual purchaser has sufficient funds to pay for the stored value card; creating in a computer database an independent stored value card account for a recipient designated by the individual purchaser, the independent stored value card account only accessible by the recipient such that the individual purchaser is unable to add funds to the independent account beyond the initial issue amount, wherein the independent stored value card account comprises information about: a) the recipient's name; b) a stored value card account number; and c) a stored value card purchase amount; issuing the stored value card, wherein the stored value card is marked with the designated recipient's name and at least one of the credit network identification indicia and the issuer identification indicia, and wherein the stored value card is accepted for purchases anywhere the predetermined credit network is accepted for purchases; and receiving notification from the recipient that the stored value card has been received.