Patent ID: 8020754
Filing Date: 2011-09-20
Classification: G06Q

Abstract:
1. A method for automatically reloading a prefunded account associated with an RFID tag, the method comprising: associating an RFID tag with a prefunded account, a collective account, a financial institution and at least one organization, wherein a tagholder is a holder of the prefunded account, wherein further the financial institution comprises one or more host computers, wherein further the one or more host computers calculate a reward for the at least one organization based at least in part on RFID tag usage; determining that an event related to the RFID tag has occurred, wherein the event includes an activity related to the RFID tag that satisfies a promotional goal; incrementing a balance of the collective account by a pre-authorized amount; and notifying the holder of the prefunded account that incrementing the balance has occurred.