Patent ID: 8118219

Claim:
A method for processing expiration dates of prepaid cards, comprising: receiving program expiration parameters for an issuer prepaid card program; receiving one or more customized expiration parameters for a prepaid card in a prepaid card order under the issuer prepaid card program; determining an expiration date for the prepaid card based on the one or more customized expiration parameters in accordance with the program expiration parameters; determining a second expiration date for a replacement of the prepaid card when indicated by a customized recalculation parameter and when the program expiration parameters indicate acceptance of the customized recalculation parameter, wherein the second expiration date is determined based on: a replacement customized fixed expiration date if the expiration date of the prepaid card is derived from a customized fixed expiration date; and a replacement customized card life cycle if the expiration date of the prepaid card is derived from a customized card life cycle; and processing a card account file for the prepaid card to store the expiration dates for the prepaid card.