Patent ID: 7657486
Filing Date: 2010-02-02
Classification: G06Q,G07F

Abstract:
1. A computer-implemented method of electronically managing a first stored value application having a first application balance and a second stored value application having a second application balance, said first stored value application and said second stored value application being associated with a portable payment device comprising a body portion, a memory associated with said body portion, and at least one processor associated with said body portion and coupled to said memory, said method comprising the steps of: facilitating electronically conducting a first transaction by said first stored value application by using said at least one processor of said portable payment device, said first stored value application and said first application balance residing on said portable payment device within said memory of said portable payment device; and electronically synchronizing said second stored value application with said first stored value application by using said at least one processor of said portable payment device, said synchronizing being substantially contemporaneous with said first transaction, said second stored value application and said second application balance also residing on said portable payment device within said memory of said portable payment device, said synchronizing comprising communication between said first stored value application and said second stored value application via said payment device.