Patent ID: 9165306
Filing Date: 2015-10-20
Classification: G06Q

Abstract:
1. A method comprising: allowing, by a server computer, a first person to select a customized set of terms for a portable consumer device, wherein the server computer communicates with an issuer computer operated by an issuer that issues portable consumer devices to consumers, and wherein the portable consumer devices include payment cards; allowing, by the server computer, a second person to request the portable consumer device governed by the customized set of terms, wherein the first and second persons are consumers, and wherein the issuer computer manages a payment account for the second person; evaluating the second person's credit at the server computer or the issuer computer associated with the second person to ensure that the second person is eligible for the customized set of terms, wherein the portable consumer device is enabled to initiate a transfer of funds from the payment account for the second person during a transaction; and initiating sending of the portable consumer device to the second person, wherein the customized set of terms are applied to transactions using the portable consumer device.