Patent ID: 8862504

Claim:
A method for activating and funding a stored value prepaid card account, said method comprising: acquiring, with a point of sale (POS) device, a first data set associated with a stored value prepaid card, the first data set also associated with a purchase of the stored value prepaid card; acquiring, with the POS device, a second data set associated with the stored value prepaid card, the second data set also associated with an activation, deactivation, funding, loading, and reloading of a stored value prepaid card account, the second data set including a transaction trigger amount pre-defined for card activation; transmitting the second data set from the POS device onto a universal payment network; receiving the transmission at an authorization system associated with the second data set; transmitting, from the authorization system, an authorization response message to the POS, the authorization response message including data relating to a funded value of the stored value prepaid card account; transmitting, from the authorization system, an electronic message causing a payment to be made to the merchant for selling the stored value prepaid card; transmitting, from the authorization system, an electronic settlement message in the amount of the funded value of the stored value prepaid card account plus the transaction trigger amount, the electronic settlement message operable to debit an account of an entity with which the stored value prepaid card may be redeemed; and settling the amount of the funded value of the stored value prepaid card account plus the transaction trigger amount with an operator of the authorization system and the universal payment network.