JOINT CLOSED-LOOP AND OPEN-LOOP INSTRUMENT ISSUANCE FOR DISBURSING FUNDS
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United States of America Patent
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N/A
Issued Date -
Jul 26, 2012
app pub date -
Jan 24, 2011
filing date -
Jan 24, 2011
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A system for disbursing funds is described. The system includes a memory for storing cardholder information and a processor. The processor is configured to receive a cardholder identification, to receive a unique identifier from an instrument used for purchasing at least one of goods and services, to associate the unique identifier with the cardholder information based on the received cardholder identification, and to send the unique identifier and the cardholder information to a server. Methods and machine-readable storage media are also described.
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