Patent ID: 7313546

Claim:
A system for processing currency selectable stored value instruments, comprising: at least one transaction server; an interface to at least one client terminal connected to the at least one transaction server via a communications link; means for loading value onto a currency selectable stored value instrument or onto an account associated therewith using the at least one client terminal, the value loading means requesting a user of the instrument to specify a load currency, a load value, and a funding source; means for determining if the load value, the load currency and the funding source are in the same currency; first means for converting the load currency at the time of loading if it is different from the funding source and for converting the load value at the time of loading if it is in a different currency than the load currency; second means for converting the currency of the value on the currency selectable stored value instrument or on the account associated therewith to a different currency, the conversion taking place after the value is loaded but prior to redemption; and third means for converting the currency of the value on the selectable stored value instrument or on the account associated therewith to a different currency, the conversion taking place at the time of redemption.