Methods And Systems For Value Transfers Using A Reader Device

  • Published: Jun 12, 2014
  • Earliest Priority: Dec 11 2012
  • Family: 2
  • Cited Works: 0
  • Cited by: 13
  • Cites: 5
  • Additional Info: Full text
Abstract

Embodiments of the invention are directed to a method and system for conducting fund transfers between a plurality of payment devices using a reader device associated with a mobile device. The plurality of payment devices may be read by the reader device and payment data for the plurality of payment devices may be sent to a payment processing network to perform a funds transfer process. In other embodiments, a plurality of prepaid cards can be read by the reader device and prepaid card data for the plurality of prepaid cards may be sent to the payment processing network to perform a consolidation of the values of the plurality of prepaid cards.


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Document History
  • Publication: Jun 12, 2014
  • Application: Dec 10, 2013
    US US 201314101725 A
  • Priority: Dec 10, 2013
    US US 201314101725 A
  • Priority: Dec 11, 2012
    US US 201261735956 P

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