Patent ID: 7885878
Filing Date: 2011-02-08
Classification: G06Q,G07F

Abstract:
1. A method for activating a payment account at a point of sale device, the method comprising: providing a payment instrument having a first identifier, a second identifier, at least one storage device, and a radio frequency device, wherein: receiving from the point of sale device an activation request at a processing system to activate the payment account, the activation request comprising the first identifier that was read from the at least one storage device by the point of sale device; determining the unique account record associated with the payment account using the first identifier; updating the unique account record to indicate that the payment account has been activated; and transmitting from the processing system an activation response that the payment account has been activated; wherein the unique account record is also determinable using the second identifier; receiving from another point of sale device a request to debit an amount from the payment account, the request comprising the second identifier that was read from the radio frequency device using the other point of sale device; wherein the first identifier is accessible through a reader selected from the group consisting of a magnetic stripe reader and a bar code reader; and wherein the second identifier is accessible through a radio frequency identification reader.