Michael Douglas Hursta

US Patent:

20070090183, Apr 26, 2007

Filed:

Oct 25, 2005

Appl. No.:

11/258653

Inventors:

Michael Hursta - Littleton CO, US
Joel Morrow - Golden CO, US

Assignee:

First Data Corporation - Englewood CO

International Classification:

G06K 5/00
G07F 19/00
G06Q 40/00

US Classification:

235380000, 235379000, 705037000

Abstract:

Electronic transaction networks are described that are operable to find a pathway to complete an electronic data exchange for a prepaid transaction account. The networks may include an intermediary node, in electronic communication with a transaction point node where transaction information is input, and a plurality of processing nodes that can communicate with an account provider node that administers the prepaid transaction account. The intermediary node receives transaction data that may include an account identifier from the transaction point node, and identify one or more of the processing nodes that can form part of the pathway. The pathway may include the transaction point node, the intermediary node, at least one of the processing nodes, and the account provider node. In addition, the intermediary node may find the processing node that forms the pathway for the highest transaction commission when more than one of the processor nodes can form part of the pathway.

US Patent:

20090204503, Aug 13, 2009

Filed:

Feb 7, 2008

Appl. No.:

12/027798

Inventors:

Michael Hursta - Littleton CO, US

Assignee:

First Data Corporation - Greenwood Village CO

International Classification:

G06Q 40/00

US Classification:

705 16, 705 36 R

Abstract:

This disclosure describes, generally, methods and systems for establishing an investment account associated with a presentation instrument. In one embodiment, the method includes providing a presentation instrument with an associated account identifier. The method further includes establishing an investment account with an associated account identifier. The method associates the presentation instrument with the investment account using the presentation instrument's account identifier and the investment account's account identifier, and loads funds onto the presentation instrument using the associated account identifier. Further, the method assigns the funds to the investment account based on the association of the presentation instrument with the investment account.

US Patent:

20150348012, Dec 3, 2015

Filed:

Jun 3, 2015

Appl. No.:

14/729393

Inventors:

- Greenwood Village CO, US
Michael Hursta - Greenwood Village CO, US

International Classification:

G06Q 20/34
G06Q 20/28

Abstract:

Systems, methods, and computer-readable media are disclosed for managing funds. Example methods may include receiving an indication of a monetary funds value from a merchant, the monetary funds value associated with a universal fund item. The method may include receiving an activation indication indicating that the universal fund item is activated, creating a non-allocated account in which to place monetary funds, and associating the non-allocated account with the universal fund item. The method may include receiving registration information from a user account, associating the non-allocated account with the user account, and generating a set of merchants at which monetary funds can be allocated. The method may include receiving a selection of one or more merchants at which to allocate a portion of the monetary funds, and allocating the portion to the selected merchant, such that the portion is redeemable at the selected merchant via the universal fund item.

US Patent:

20150262160, Sep 17, 2015

Filed:

Jun 3, 2014

Appl. No.:

14/294438

Inventors:

- Greenwood Village CO, US
Michael Hursta - Greenwood Village CO, US

Assignee:

FIRST DATA CORPORATION - Greenwood Village CO

International Classification:

G06Q 20/22
G06Q 30/02

Abstract:

Embodiments of the disclosure relate to systems and methods for managing accounts associated with a proxy. In one embodiment, a method can include receiving a merchant ID associated with a merchant from either a user interface or a point of sale device associated with the merchant. The method can include receiving proxy information associated with a proxy from either the user interface or the point of sale device associated with the merchant. Further, the method can include determining a payment account associated with both the merchant and the proxy, based at least in part on the merchant ID or the proxy information, the payment account having a balance and selected from an account database. The method can include transmitting payment information associated with the payment account to either the user interface or the point of sale device, based at least in part on the merchant ID or the proxy information.