Importance

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Abstract

A prepaid card issuing system that includes a card with identifying indicia associated with a specific entity, such as a store from which products or services can be purchased, and a value such as a financial denomination, disposed thereon. An issuing terminal is also provided and is structured to receive the card, identify the security identifier, and communicate with a remote, control processor that receives the security identifier and defines and communicates to the issuing terminal usage information associated with the security identifier. The issuing terminal is further structured to dispose account information on the card in accordance with said the information so as to permit use of the card for the purchase of products or services, and to retain the card therein during detection of the security identifier, disposition of the account information on the card and printing of an issuance confirmation on the card.

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First Claim