Frank Talarico

US Patent:

20040182922, Sep 23, 2004

Filed:

Mar 19, 2004

Appl. No.:

10/804686

Inventors:

Frank Talarico - Yorba Linda CA, US

International Classification:

G06F017/60
G06K005/00

US Classification:

235/380000

Abstract:

Systems and methods are disclosed that allow a cardholder of a loadable stored-value card to load monetary funds into an account associated with the card. An issuer of the card credits a specified portion of the loaded value to a designated charity or other beneficiary identified by the cardholder. The card may be used to pay for goods, services, and other transactions in a manner similar to that of a debit card or a pre-paid card. The portion provided to a specified beneficiary may be calculated as a specified percentage or other portion of the monetary value that is loaded onto the card. The stored-value card may also be reloaded with value in order to replenish the available monetary funds for spending using the card, thereby also providing additional funds to the specified beneficiary.