Method of packaging and activating open loop prepaid cards
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United States of America Patent
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Oct 1, 2013
Grant Date -
N/A
app pub date -
Mar 11, 2010
filing date -
Mar 11, 2010
priority date (Note) -
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Abstract
A method is provided for packaging and activating open loop stored value cards. A retailer is provided an open loop card and a closed loop card in an integrated package, the open loop card associated with a first account number and configured for activation by an open loop account processor, and the closed loop card associated with a second account number. An electronically readable card component contains data corresponding to a control account including the first and second account numbers. Upon receiving an activation request from a point of sale which contains the data corresponding to the control account, the control account and the account numbers are identified, and the closed loop card is activated. An activation request is transmitted electronically to the open loop account processor, wherein activating of the closed and open loop cards may be substantially simultaneous with respect to the point of sale.
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