Patent ID: 8712852
Filing Date: 2014-04-29
Classification: G06Q,G07F

Abstract:
1. A method, comprising: a computer system receiving, from a computing device, via a web page, a request to fund an open transaction account in association with purchase of an open transaction instrument by a consumer at a point of sale device associated with the computing device, wherein the request includes a payment amount, wherein the open transaction instrument is associated with the open transaction account; the computer system receiving information identifying the open transaction instrument purchased by the consumer; the computer system using the information identifying the open transaction instrument to access a database to verify that the open transaction instrument is eligible to be funded; the computer system storing, in the database, physical tracking information for the open transaction instrument, wherein the physical tracking information for the open transaction instrument is accessible in the database using the information identifying the open transaction instrument, and wherein the physical tracking information is usable to determine a physical location of one or more other open transaction instruments; the computer system processing the request, wherein said processing includes determining a funded amount based on the payment amount; the computer system funding the open transaction account with the funded amount; and the computer system transmitting to the computing device an authorization message indicating that the open transaction account was funded with the funded amount and specifying authorization to distribute the open transaction instrument to the consumer.