Patent ID: 9047637
Filing Date: 2015-06-02
Classification: G06Q,G07F

Abstract:
1. A computing system implemented method for converting paper checks into pre-paid debit or credit card funds comprising the following, which when executed individually or collectively by any set of one or more processors perform a process comprising: providing a consumer a pre-paid debit or credit card account; providing a consumer a pre-paid debit or credit card associated with the pre-paid debit or credit card account, the pre-paid debit or credit card having an associated pre-paid debit or credit card balance stored on the pre-paid debit or credit card, the pre-paid debit or credit card balance representing funds that can be used via the pre-paid debit or credit card; providing a check conversion station, the check conversion station including a card reader and a paper check scanning capability; the consumer providing the pre-paid debit or credit card to the check conversion station card reader and the check conversion station obtaining consumer account data from the pre-paid debit or credit card; the consumer providing a paper check to the check conversion station paper check scanning capability, the paper check representing paper check funds transferred from a payer listed on the paper check to the consumer via the paper check; the check conversion station obtaining check data from the provided paper check, the check data including data indicating the paper check funds; the check conversion station providing at least part of the consumer account data and check data to one or more processors; the one or more processors analyzing, and/or verifying, at least part of the consumer account data and check data; accessing first historical transaction data of the consumer and second historical transaction data of the payer and analyzing the first and second historical transaction data to assess the reliability of the consumer and the payer; approving, based on the analysis of the first and second historical transaction data for reliability of the consumer and the payer, a virtual transfer of less than the full amount of the paper check funds to the pre-paid debit or credit card, and updating the pre-paid debit or credit card balance stored on the pre-paid debit or credit card; virtually transferring the approved amount of the paper check funds to the pre-paid debit or credit card; offering at least one card-linked offer to the consumer, the offer being linked to the purchase of at least one specific item, the offer including an offer term indicating that a balance of the pre-paid debit or credit card will be increased by a certain predefined percentage upon purchase of the specific item by the consumer using the pre-paid debit or credit card; and tracking, using information stored on the pre-paid debit or credit card, any progress made by the consumer towards satisfaction of the card-linked offer.