ELECTRONIC PAYMENT INSTRUMENT SYSTEM AND METHOD
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United States of America Patent
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Issued Date -
Sep 13, 2007
app pub date -
Mar 8, 2007
filing date -
May 18, 2005
priority date (Note) -
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Abstract
A payment instrument that may be purchased at a retail location and used for conducting money transfers and other financial transactions. The amount associated with the instrument is stored in an non-banking account maintained by a money transfer entity. In order to activate the instrument after it has been purchased, a customer links the instrument to a personal profile of the customer using a PIN provided with the instrument.
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