US Patent No: 5,798,508

Number of patents in Portfolio can not be more than 2000

Postpaid traveler's checks

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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, CT127
ZYNGA INC.SAN FRANCISCO, CA203

International Classification(s)

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Case, T Scott Darien, CT 39 2903
Walker, Jay S Ridgefield, CT 1996 50429

Cited Art Landscape

Patent Info (Count) # Cites Year
 
ARIGERN CAPITAL L.L.C. (1)
5,546,523 Electronic fund transfer system 248 1995
 
ESCROWCARD, INC., A CORP. OF FLORIDA (1)
5,426,281 Transaction protection system 363 1993
 
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 73 1996

Patent Citation Ranking

Forward Cite Landscape

Patent Info (Count) # Cites Year
 
JPMORGAN CHASE BANK, N.A. (37)
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 29 2000
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7,246,263 System and method for portal infrastructure tracking 15 2001
8,438,086 System and method for providing customers with seamless entry to a remote server 0 2001
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7,421,696 Methods and systems for managing successful completion of a network of processes 1 2004
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7,756,816 System and method for network-based project management 1 2005
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7,461,265 System and method for single sign on process for websites with multiple applications and services 17 2006
7,444,672 System and method for single sign on process for websites with multiple applications and services 18 2006
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8,145,522 System and method for establishing or modifying an account with user selectable terms 4 2006
8,793,490 Systems and methods for multifactor authentication 0 2006
7,966,496 System and method for single sign on process for websites with multiple applications and services 5 2006
8,335,855 System and method for portal infrastructure tracking 0 2007
8,185,940 System and method for providing discriminated content to network users 1 2007
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8,590,008 System and method for single sign on process for websites with multiple applications and services 0 2008
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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
 
III HOLDINGS 1, LLC (13)
7,805,376 Methods and apparatus for facilitating a transaction 4 2003
7,500,598 Negotiable instruments and systems and processing same 1 2003
7,577,585 Method and system for completing transactions involving partial shipments 1 2003
8,600,880 Method and system for providing point of sale services 0 2004
7,413,112 Method and system for manual authorization 5 2004
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8,069,120 Electronic purchasing method and apparatus 2 2009
8,195,574 System and method for setting up a pre-authorization record 2 2009
7,909,240 Method and system for manual authorization 0 2009
8,083,132 Negotiable instruments and systems and processing same 0 2010
 
eCharge Corporation (11)
7,606,355 Method and apparatus for ordering goods, services and content over an internetwork 4 2001
7,249,097 Method for ordering goods, services, and content over an internetwork using a virtual payment account 95 2003
7,606,760 Method and apparatus for ordering goods, services and content over an internetwork using a virtual payment account 8 2003
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WALKER DIGITAL, LLC (4)
6,338,049 User-generated traveler's checks 91 1997
6,208,978 System and method for issuing security deposit guarantees based on credit card accounts 114 1997
6,330,544 System and process for issuing and managing forced redemption vouchers having alias account numbers 161 1999
7,496,537 User-generated traveler's checks 1 2001
 
ZYNGA INC. (4)
6,193,155 Method and apparatus for issuing and managing gift certificates 149 1997
7,747,522 Method and apparatus for issuing and managing gift certificates 2 2000
7,895,120 Method and apparatus for issuing and managing gift certificates 0 2006
8,099,360 Method and apparatus for issuing and managing gift certificates 1 2011
 
CYNTHIA COOK INC., DBA THE MERCHANDISING TEAM (2)
7,444,305 Methods of coordinating products and service demonstrations 3 2001
7,797,191 Promotional event tracking system 13 2005
 
GENERAL ELECTRIC COMPANY (2)
7,246,087 Method and apparatus for product selection assistance 10 2000
6,571,236 Method and apparatus for problem diagnosis and solution 59 2000
 
RELOCALL GROUP B.V. LLC (2)
7,104,443 Method and system for facilitating electronic funds transactions 196 2002
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AMERIPRISE FINANCIAL, INC. (1)
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FUJINON CORPORATION (1)
7,595,939 Imaging lens 1 2007
 
General Electric Capital Financial (1)
6,901,387 Electronic purchasing method and apparatus for performing the same 38 2002
 
MONEYGRAM INTERNATIONAL, INC. (1)
8,401,969 Virtual traveler's check 0 2010
 
MOORE NORTH AMERICA, INC. (1)
6,481,752 Multiple company integrated document production 13 1998
 
PARAGON TRADE BRANDS, INC. (1)
7,266,839 System and method for providing discriminated content to network users 18 2001
 
Other [Check patent profile for assignment information] (3)
7,822,664 Future check financing method 0 2004
7,774,269 Future check financing method 0 2004
7,155,614 System and method for single sign on process for websites with multiples applications and services 13 2006