Patent ID: 8812402
Filing Date: 2014-08-19
Classification: G06Q,G07F

Abstract:
1. A method for operating a payment system to allow a first token and a second token associated with a venue to be used as payment devices to conduct payment transactions using the payment system, the method comprising: receiving a request from a customer to associate a first token identifier and a second token identifier with a payment account, the first and second token identifiers uniquely identifying the first token and the second token, respectively and allowing holders thereof access to a venue, and wherein the first and the second tokens are not associated with the payment account prior to the request; establishing, at the payment system, a temporary use period, the temporary use period defining a start date and time and an end date and time during which the first and the second tokens are enabled for use as a payment device; transferring, by the payment system, a first predetermined amount of funds to the first token from the payment account for use during the temporary use period; transferring, by the payment system, a second predetermined amount to the second token from the payment account for use during the temporary use period; receiving information identifying first use criteria associated with the first token and second use criteria associated with the second token, the first and second use criteria to be applied by the payment system during a transaction authorization process involving either of the first token and the second token, the first use criteria different from the second use criteria and the second use criteria including (i) data indicative of goods and/or services that may be purchased using the second token, (ii) data indicative of an amount that can be spent using the second token, and (iii) data indicative of a restricted portion of the venue at which purchases may not be made using the second token; activating the first token and second token for use as payment devices at point of sale devices in communication with the payment system such that the payment system applies the temporary use period, the predetermined amount of funds, and the first and second use criteria during the transaction authorization process when either of the first token and second token are presented at a point of sale device; and automatically transferring, by the payment system to the payment account, any funds remaining on the first token and the second token after the end date and time.