Patent ID: 7860790

Claim:
A method of automatically migrating a consumer between prepaid financial accounts, the method comprising: issuing a first prepaid financial account to a consumer, wherein the first prepaid financial account is associated, using a server computer, with a profile of the consumer; setting, using the server computer, trigger criteria for migrating the consumer from the first prepaid financial account to a second prepaid financial account, wherein the trigger criteria is based on account activity of the first prepaid financial account; monitoring, using the server computer, the account activity of the first prepaid financial account to determine when the trigger criteria has been met; automatically issuing the second prepaid financial account to the consumer when the trigger criteria has been met, and associating, using the server computer, the profile with the second prepaid financial account, wherein associating the profile with the second prepaid financial account comprises associating at least a direct deposit account number of the consumer with the second prepaid financial account; and setting, using the server computer, the first prepaid financial account for closure, wherein the trigger criteria includes a fraud trigger and wherein after the fraud trigger has been met, the consumer is migrated to the second prepaid financial account.