Patent ID: 8452662
Filing Date: 2013-05-28
Classification: G06Q

Abstract:
1. A prepaid card processor associated with a plurality of prepaid accounts, the prepaid card processor comprising: one or more central processing units (CPU) configured to process a plurality of transactions associated with the plurality of prepaid card accounts; one or more input/output units to communicate with one or more remote computers; and non-transitory computer memory encoded with computer program operable by the one or more CPU so that during operations thereof, the prepaid card processor is configured to perform the following steps: determining, responsive to a value of a proposed purchase associated with one or more of the plurality of prepaid card accounts being greater than a value associated with the one or more of the plurality of the prepaid card accounts, a number of separate predetermined loan increments to be drawn from a line of credit coupled to the one or more of the plurality of prepaid card accounts, the number of separate predetermined loan increments multiplied by a value of one of the plurality of separate predetermined loan increments plus the value associated with one or more of the plurality of prepaid card accounts exceeding the value of the proposed purchase by less than the value of one of the plurality of separate predetermined loan increments; loading the one or more of the plurality of prepaid card accounts with draws from the line of credit in the number of separate predetermined loan increments to thereby define loaded predetermined increments responsive to receiving the draws from the line of credit; and deducting the value of the proposed purchase from the value associated with the one or more of the plurality of the prepaid card accounts, the difference between the value of the proposed purchase and the value associated with the one or more of the plurality of prepaid card accounts being no greater than the value of one of the plurality of separate predetermined loan increments, each of the plurality of separate predetermined loan increments being equal in value.