System and method for immediate issuance of transaction cards
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United States of America Patent
Stats
-
Nov 10, 2009
Grant Date -
May 31, 2007
app pub date -
Jul 14, 2006
filing date -
Jul 15, 2005
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A system and method for substantially immediate issuance of transaction cards includes at least one unassigned transaction card including a storage medium having a card number encoded thereupon. The system also includes a computing system configured to receive application information from an applicant that has been provided said unassigned transaction card, and to activate the unassigned transaction card so that access to monetary funds is extended to the applicant through said unassigned transaction card, upon an evaluation of said application information indicating that the applicant has been approved for access to the monetary funds. The unassigned transaction card bears no visible marking presenting information concerning the applicant and encodes no information concerning said applicant upon the storage medium of said unassigned transaction card.
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