Patent ID: 7165049
Filing Date: 2007-01-16
Classification: G06Q,G07F

Abstract:
1. A method for issuing a stored value card affiliated with a predetermined credit network, an organization sponsor, and an issuer, wherein the credit network, the issuer, and the organization sponsor each have separate identification indicia, the method comprising: creating one account associated with the stored value card, wherein the organization sponsor funds the account and the account is independent and unassociated with any other account; and issuing the stored value card to a cardholder, wherein: a) the issued stored value card is marked with the cardholder's name and at least one of the credit network identification indicia, the issuer identification indicia, and the organization sponsor identification indicia; b) the stored value card is accepted wherever cards associated with the predetermined credit network are accepted; and c) the stored value card uses a one-way only transfer of identification information from the stored value card to the predetermined credit network.