Patent ID: 8326711

Claim:
A computerized system comprising: at least one processor for enabling the following: receiving information indicative of a tax refund payment payable by a taxing authority to a taxpayer: receiving information indicative of a selection by the taxpayer to associate at least a portion of the tax refund payment with either of a stored value card or a prepaid card; receiving an assignment of right from the taxpayer entitling a third-party payor to retain at least a portion of the associated tax refund payment; causing the selected stored value card or prepaid card to be associated with funds representing the retained portion of the associated tax refund payment, wherein the association of the funds with the selected stored value card or prepaid card is not subject to a loan agreement pursuant to regulatory banking laws between the taxpayer and the third-party payor; receiving, at the third-party payor and from the taxing authority, the associated tax refund payment: and issuing the selected stored value card or prepaid card to the taxpayer.