System and method for re-associating an account number to another transaction account
Inactive Publication Date: 2012-02-07
LIBERTY PEAK VENTURES LLC
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Thus, one of the problems faced within the transaction card industry is how to most effectively distribute credit or charge cards to potential customers while still abiding by the distribution restrictions.
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[0014]The following descriptions are of exemplary embodiments of the invention, and are not intended to limit the scope, applicability or configuration of the invention in any way.
[0015]Rather, the following descriptions are intended to provide convenient illustrations for implementing various embodiments of the invention. As will become apparent, various changes may be made in the function and arrangement of the elements described in these embodiments without departing from the spirit and scope of the invention.
[0016]The present invention overcomes the problems of the prior art by allowing a single card number originally used as a first transaction account device (e.g., stored value card) to be changed to a second transaction account device (e.g., credit card). In an exemplary embodiment, the number on the card (“card number”), which is associated with a first transaction account in a host system, is re-associated to a second transaction account in a host system. In another embodim...
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Abstract
A method and system for converting a first transaction account device to a second transaction account device wherein a card number associated with, or defined as, a first transaction account (e.g., stored value account) is re-associated with, or re-defined as, a second transaction account (e.g., credit card account).
Description
CROSS REFERENCE TO RELATED APPLICATIONS[0001]This application is a Reissue of U.S. application Ser. No. 10 / 710,484 (filed Jul. 14, 2004), now U.S. Pat. No. 6,991,157 (issued Jan. 31, 2006); the '484 application itself is a continuation of, and claims priority to, U.S. Ser. No. 10 / 242,584, filed on Sep. 12, 2002 now U.S. Pat. No. 6,805,287 issued Oct. 19, 2004, and entitled “SYSTEM AND METHOD FOR CONVERTING A STORED VALUE CARD TO A CREDIT CARD,” which is hereby incorporated by reference.FIELD OF INVENTION[0002]The present invention relates, generally, to a system and method for transferring the association of a transaction card number from a first type of account to a second type of account. In particular, this invention allows a customer to transmit an existing card number, such as that embossed on a stored value card, to a host system, and request that the account number be re-associated and / or redefined from a first transaction account (e.g., stored value account) to a second tran...
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Application Information
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