Patent ID: 8914306
Filing Date: 2014-12-16
Classification: G06Q,G07F

Abstract:
1. A debit card system for creating a plurality of debit cards, the debit card system comprising: a debit card printer configured to create debit cards based on instructions received through a computer network, the debit card printer comprising: a batch creation engine for processing batches of debit card distributions, the batch creation engine configured to receive through the computer network, from a user computing device, batch distribution information related to a batch of incomplete payments, the batch distribution information comprising a recipient name and a recipient payment amount for each of a plurality of recipients; a payment batches database for electronically storing information relating to the batches of debit card distributions, wherein the batch creation engine is further configured to assign a batch identifier to the batch of incomplete payments, calculate a total payment amount of the batch of incomplete payments by adding the recipient payment amounts, store the total payment amount in the payment batches database associated with the batch identifier, and transmit, through the computer network to the user computing device, the batch identifier and the total payment amount; a deposit management engine configured to receive, through the computer network from a deposit processing system, a deposit notification message, the deposit notification message comprising a deposit amount and a deposit identifier, wherein the deposit identifier matches the batch identifier, the deposit management engine further configured to access the total payment amount in the payment batches database using the deposit identifier, and to compare the deposit amount to the total payment amount to verify a correct amount of funds has been deposited; a distribution engine configured to, automatically in response to the verification that the correct amount of funds has been deposited, transmit instructions through the computer network to the debit card printer, causing the debit card printer to create a plurality of debit cards for at least a portion of the plurality of recipients by at least imprinting the recipient name and storing information associated with the recipient in the magnetic strip, wherein the distribution engine is further configured to initiate creation of an alternate account on behalf of each recipient related to a debit card that is not activated within a predetermined amount of time, and to transmit, through the computer network to the deposit processing system, instructions to enable a deposit into the alternate account of funds equal to the recipient payment amount; and one more computers configured to operate the batch creation engine, deposit management engine, and distribution engine, wherein the one or more computers comprises a computer processor and an electronic storage medium.