US Patent No: 5,798,508

Number of patents in Portfolio can not be more than 2000

Postpaid traveler's checks

1 Status Updates

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ATTORNEY / AGENT: (SPONSORED)

Importance

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Abstract

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A system and method for issuing and clearing traveler's checks that are paid for by credit card. A quantity of traveler's checks having a total value are sold to a buyer. An account identifier is received from the buyer. A lock is placed against the identified account for a lock value of at least a portion of the total value. Preferably, the identified account is a credit card account. The lock value and the credit card account number are communicated to a credit card clearing house and an authorization that a lock equal to the lock value has been placed against the credit card account is then received from the credit card clearing house. Information identifying the credit card account of the buyer of each traveler's check that is sold is communicated to the traveler's check issuer, which stores the information in a database. When the buyer cashes a traveler's check, the traveler's check issuer obtains payment on the check. The identified account is debited while the lock on the account is reduced by a generally equal amount. A predetermined value based on the value of the cashed traveler's check is communicated to the credit card clearing house, which debits the account, reduces the lock and communicates a payment credit to the traveler's check issuer.

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First Claim

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Patent Owner(s)

Patent OwnerAddressTotal Patents
WALKER ASSET MANAGEMENT LIMITED PARTNERSHIPSTAMFORD, CT188
ZYNGA INC.SAN FRANCISCO, CA330

International Classification(s)

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Case, T Scott Darien, CT 34 3170
Walker, Jay S Ridgefield, CT 1495 65630

Cited Art Landscape

Patent Info (Count) # Cites Year
 
Other [Check patent profile for assignment information] (2)
* 4,997,188 Divided-paying travelers checks and system 28 1990
* 5,686,713 Apparatus and method for allowing a money order purchase via an ATM 79 1996
 
ESCROWCARD, INC., A CORP. OF FLORIDA (1)
* 5,426,281 Transaction protection system 393 1993
 
ARIGERN CAPITAL L.L.C. (1)
* 5,546,523 Electronic fund transfer system 261 1995
* Cited By Examiner

Patent Citation Ranking

Forward Cite Landscape

Patent Info (Count) # Cites Year
 
WALKER DIGITAL, LLC (1)
6,330,544 System and process for issuing and managing forced redemption vouchers having alias account numbers 179 1999
 
Other [Check patent profile for assignment information] (8)
* 2001/0025,263 Multiple level philanthropic giving system and method 1 2000
* 2003/0191,712 Electronic money issuing system 13 2003
7,822,664 Future check financing method 0 2004
* 7,774,269 Future check financing method 0 2004
* 2006/0015,428 Future check financing method 15 2004
7,155,614 System and method for single sign on process for websites with multiples applications and services 21 2006
* 2006/0213,985 METHOD AND APPARATUS FOR ISSUING AND MANAGING GIFT CERTIFICATES 20 2006
* 2013/0297,487 System and Method for Providing a Cash Advance 0 2012
 
MOORE NORTH AMERICA, INC. (1)
* 6,481,752 Multiple company integrated document production 14 1998
 
General Electric Capital Financial (2)
6,901,387 Electronic purchasing method and apparatus for performing the same 50 2002
* 2003/0110,136 Electronic purchasing method and apparatus for performing the same 23 2002
 
ZAKS, YAEL (1)
* 2009/0254,451 Transaction system and method 0 2005
 
SMART VOUCHER LIMITED (1)
* 2003/0158,782 Electronic processing system 26 2003
 
COLUMBIA PROFESSIONAL BASEBALL, L.L.C. (1)
* 2007/0282,740 Electronic funds card 46 2007
 
Zynga Inc. (5)
* 6,193,155 Method and apparatus for issuing and managing gift certificates 162 1997
7,747,522 Method and apparatus for issuing and managing gift certificates 5 2000
7,895,120 Method and apparatus for issuing and managing gift certificates 1 2006
8,099,360 Method and apparatus for issuing and managing gift certificates 2 2011
* 2011/0145,142 METHOD AND APPARATUS FOR ISSUING AND MANAGING GIFT CERTIFICATES 0 2011
 
ELECTRONIC COMMERCE PROTECTION CORPORATION (1)
* 2008/0077,528 MECHANISM FOR FRAUD-RESISTANT CONSUMER TRANSACTIONS 1 2007
 
OL SECURITY LIMITED LIABILITY COMPANY (2)
* 7,104,443 Method and system for facilitating electronic funds transactions 218 2002
7,775,426 Method and system for facilitating electronic funds transactions 5 2006
 
III HOLDINGS 1, LLC (26)
7,805,376 Methods and apparatus for facilitating a transaction 13 2003
* 2003/0233,334 Methods and apparatus for facilitating a transaction 94 2003
7,500,598 Negotiable instruments and systems and processing same 2 2003
* 2007/0241,179 Negotiable instruments and systems and processing same 44 2003
7,577,585 Method and system for completing transactions involving partial shipments 2 2003
* 2005/0119,942 Method and system for completing transactions involving partial shipments 4 2003
* 8,600,880 Method and system for providing point of sale services 0 2004
* 2005/0203,753 METHOD AND SYSTEM FOR PROVIDING POINT OF SALE SERVICES 3 2004
7,413,112 Method and system for manual authorization 6 2004
* 2005/0205,662 Method and system for manual authorization 0 2004
7,606,766 Computer system and computer-implemented method for selecting invoice settlement options 12 2006
* 2008/0154,769 Computer system and computer-implemented method for selecting invoice settlement options 16 2006
7,584,151 Electronic purchasing method and apparatus for performing the same 13 2007
* 2007/0185,821 Electronic purchasing method and apparatus for performing the same 10 2007
7,735,720 Method and system for manual authorization 3 2008
* 2008/0313,064 METHOD AND SYSTEM FOR MANUAL AUTHORIZATION 1 2008
7,861,923 Negotiable instruments and systems and processing same 1 2008
* 2009/0121,013 NEGOTIABLE INSTRUMENTS AND SYSTEMS AND PROCESSING SAME 0 2008
* 2009/0177,563 AUTHORIZATION REFRESH SYSTEM AND METHOD 7 2009
8,069,120 Electronic purchasing method and apparatus 4 2009
* 2009/0292,631 ELECTRONIC PURCHASING METHOD AND APPARATUS 4 2009
8,195,574 System and method for setting up a pre-authorization record 2 2009
* 2010/0070,393 SYSTEM AND METHOD FOR SETTING UP A PRE-AUTHORIZATION RECORD 2 2009
7,909,240 Method and system for manual authorization 0 2009
* 2010/0153,271 Method and System for Manual Authorization 0 2009
8,083,132 Negotiable instruments and systems and processing same 0 2010
 
eCharge Corporation (26)
7,606,355 Method and apparatus for ordering goods, services and content over an internetwork 6 2001
* 2001/0001,147 Method and apparatus for ordering goods, services and content over an internetwork 29 2001
* 2006/0168,663 Secure transaction protocol 38 2002
7,249,097 Method for ordering goods, services, and content over an internetwork using a virtual payment account 114 2003
7,606,760 Method and apparatus for ordering goods, services and content over an internetwork using a virtual payment account 11 2003
* 2005/0192,896 Method and apparatus for ordering goods, services and content over an internetwork using a virtual payment account 52 2003
7,908,226 Method and apparatus for ordering goods, services and content over an internetwork using a virtual payment account 47 2005
7,761,385 Method and apparatus for ordering goods, services and content over an internetwork using a virtual payment account 8 2005
* 2006/0004,659 Method and apparatus for ordering goods, services and content over an internetwork using a virtual payment account 12 2005
* 2005/0261,984 Method and apparatus for ordering goods, services and content over an internetwork using a virtual payment account 12 2005
7,669,762 Method and apparatus for ordering goods, services and content over an internetwork 4 2005
7,606,737 Method and apparatus for ordering goods, services and content over an internetwork 3 2005
* 2006/0085,287 Method and apparatus for ordering goods, services and content over an internetwork 1 2005
* 2008/0016,003 METHOD AND APPARATUS FOR ORDERING GOODS, SERVICES, AND CONTENT OVER AN INTERNETWORK USING A VIRTUAL PAYMENT ACCOUNT 10 2007
* 2010/0010,916 METHOD AND APPARATUS FOR ORDERING GOODS, SERVICES AND CONTENT OVER AN INTERNETWORK USING A VIRTUAL PAYMENT ACCOUNT 3 2009
8,015,264 Method and apparatus for ordering goods, services and content over an internetwork 1 2009
8,005,722 Method and apparatus for ordering goods, services and content over an internetwork 0 2009
* 2010/0017,335 METHOD AND APPARATUS FOR ORDERING GOODS, SERVICES AND CONTENT OVER AN INTERNETWORK 0 2009
* 2010/0017,331 METHOD AND APPARATUS FOR ORDERING GOODS, SERVICES AND CONTENT OVER AN INTERNETWORK 0 2009
8,016,190 Method and apparatus for ordering goods, services and content over an internetwork 0 2010
8,011,574 Method and apparatus for ordering goods, services and content over an internetwork 0 2010
* 2010/0145,817 METHOD AND APPARATUS FOR ORDERING GOODS, SERVICES AND CONTENT OVER AN INTERNETWORK 0 2010
* 2010/0145,816 METHOD AND APPARATUS FOR ORDERING GOODS, SERVICES AND CONTENT OVER AN INTERNETWORK 0 2010
* 2010/0306,081 METHOD AND APPARATUS FOR ORDERING GOODS, SERVICES AND CONTENT OVER AN INTERNETWORK USING A VIRTUAL PAYMENT ACCOUNT 1 2010
* 2010/0312,708 METHOD AND APPARATUS FOR ORDERING GOODS, SERVICES AND CONTENT OVER AN INTERNETWORK USING A VIRTUAL PAYMENT ACCOUNT 2 2010
* 2011/0137,801 METHOD AND APPARATUS FOR ORDERING GOODS, SERVICES AND CONTENT OVER AN INTERNETWORK USING A VIRTUAL PAYMENT ACCOUNT 0 2011
 
JPMORGAN CHASE BANK, N.A. (42)
8,571,975 System and method for sending money via E-mail over the internet 0 1999
7,426,530 System and method for providing customers with seamless entry to a remote server 32 2000
7,321,864 System and method for providing funding approval associated with a project based on a document collection 115 2000
7,246,263 System and method for portal infrastructure tracking 16 2001
8,438,086 System and method for providing customers with seamless entry to a remote server 0 2001
7,987,501 System and method for single session sign-on 2 2001
7,941,533 System and method for single sign-on session management without central server 7 2002
7,246,324 Method and system for data capture with hidden applets 12 2002
7,143,174 Method and system for delayed cookie transmission in a client-server architecture 6 2002
7,472,171 Method and system for determining receipt of a delayed cookie in a client-server architecture 16 2002
7,689,504 System and method for establishing or modifying an account with user selectable terms 39 2002
8,301,493 System and method for providing incentives to consumers to share information 1 2002
7,676,431 Method and system for processing internet payments using the electronic funds transfer network 24 2003
* 2003/0140,004 Method and system for processing internet payments using the electronic funds transfer network 275 2003
7,353,383 System and method for single session sign-on with cryptography 30 2003
7,376,838 Method for controlled and audited access to privileged accounts on computer systems 12 2003
7,421,696 Methods and systems for managing successful completion of a network of processes 1 2004
8,190,893 Portable security transaction protocol 8 2004
8,185,877 System and method for testing applications 28 2005
7,756,816 System and method for network-based project management 2 2005
7,783,578 System for providing cardless payment 4 2006
7,461,265 System and method for single sign on process for websites with multiple applications and services 19 2006
7,444,672 System and method for single sign on process for websites with multiple applications and services 22 2006
8,583,926 System and method for anti-phishing authentication 2 2006
8,145,522 System and method for establishing or modifying an account with user selectable terms 10 2006
8,793,490 Systems and methods for multifactor authentication 2 2006
7,966,496 System and method for single sign on process for websites with multiple applications and services 9 2006
8,335,855 System and method for portal infrastructure tracking 1 2007
8,185,940 System and method for providing discriminated content to network users 1 2007
7,685,013 System and method for automatic financial project management 19 2007
8,849,716 System and method for preventing identity theft or misuse by restricting access 0 2007
8,473,735 Systems and methods for managing digital certificates 4 2008
8,590,008 System and method for single sign on process for websites with multiple applications and services 2 2008
8,321,682 System and method for generating and managing administrator passwords 1 2009
8,160,960 System and method for rapid updating of credit information 17 2009
8,732,072 System and method for establishing or modifying an account with user selectable terms 0 2010
8,458,070 System and method for providing customers with seamless entry to a remote server 0 2012
8,549,315 System and method for generating and managing administrator passwords 0 2012
8,726,011 Systems and methods for managing digital certificates 0 2013
9,374,366 System and method for anti-phishing authentication 0 2013
9,419,957 Confidence-based authentication 0 2014
9,240,012 Systems and methods for multifactor authentication 0 2014
 
CYNTHIA COOK INC., DBA THE MERCHANDISING TEAM (3)
7,444,305 Methods of coordinating products and service demonstrations 3 2001
7,797,191 Promotional event tracking system 22 2005
* 2005/0192,883 Promotional event tracking system 1 2005
 
HAIER US APPLIANCE SOLUTIONS, INC. (2)
7,246,087 Method and apparatus for product selection assistance 15 2000
6,571,236 Method and apparatus for problem diagnosis and solution 83 2000
 
PARAGON TRADE BRANDS, INC. (1)
7,266,839 System and method for providing discriminated content to network users 21 2001
 
MASS CONNECTIONS, INC. (3)
* 2005/0222,904 Prepaid monetary card for incentivizing return customers 18 2004
* 2006/0047,551 System and method for staffing promotional events with qualified event personnel 9 2004
* 2009/0083,156 SYSTEMS AND METHODS FOR FACILITATING THE STAFFING OF PROMOTIONAL EVENTS 3 2008
 
WALKER ASSET MANAGEMENT LIMITED PARTNERSHIP (4)
* 6,338,049 User-generated traveler's checks 96 1997
* 6,208,978 System and method for issuing security deposit guarantees based on credit card accounts 121 1997
7,496,537 User-generated traveler's checks 1 2001
* 2002/0042,766 User-generated traveler's checks 3 2001
 
FUJINON CORPORATION (2)
* 7,595,939 Imaging lens 1 2007
* 2007/0229,988 Imaging lens 0 2007
 
MONEYGRAM INTERNATIONAL, INC. (2)
* 8,401,969 Virtual traveler's check 0 2010
* 2011/0218,913 VIRTUAL TRAVELER'S CHECK 0 2010
 
AMERIPRISE FINANCIAL, INC. (1)
7,127,423 System and method for creating and administering an investment instrument 21 2001
* Cited By Examiner