Payer-Based Account Porting To Portable Value Distribution Systems And Methods
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United States of America Patent
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Issued Date -
Aug 28, 2014
app pub date -
Feb 26, 2014
filing date -
Aug 4, 2006
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Abstract
A value distribution method includes enrolling a payee into a source program through which the payee receives funds from a payer. The source program includes a stored value account into which the payer deposits the payee's funds. The stored value account has account information associated therewith. The method also includes receiving a porting trigger, and, in response to the porting trigger, establishing a target program for the payee. The target program includes a target account into which entities in addition to the payer may deposit funds. The method also includes porting at least a portion of the account information from the source program to the target program.
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