Patent ID: 8024238
Filing Date: 2011-09-20
Classification: G06Q

Abstract:
1. A method of managing account data for a plurality of pre-paid accounts having a negative balance, comprising: accessing account data for the plurality of pre-paid accounts stored in an electronic data storage device, wherein each of the plurality of accounts has a negative balance; filtering the accessed account data to select which of the plurality of pre-paid accounts are subjected to further processing, the filtering based on application of criteria including one or more of the number of days an account has had a negative balance, the type of account, the issuer of the account, or a value of the negative balance; processing the filtered account data to determine which of the plurality of pre-paid accounts are suitable for chargeback processing based on application of one or more issuer defined criteria; bulk processing the filtered account data using an electronic data processing device for those of the plurality of accounts that are not suitable for chargeback processing; selecting one of the plurality of accounts that were not subjected to bulk processing for individual processing; accessing the account data for the account selected for individual processing; and determining if the account selected for individual processing is eligible for chargeback processing based on application of one or more criteria defined by a payment processor, the payment processor responsible for processing transactions that are performed using the account selected for individual processing.