Usio Inc (USIO)

[asp42001]

Patent Protection When Paying Bills, Using Plastic:

United States Patent
7,021,530
Hoch
April 4, 2006

System and method for managing and processing stored-value cards and bill payment therefrom

Abstract
A system and method for managing and processing stored-value debit, check card, signature debit, PIN based card or automatic teller machine (ATM) cards and bill payment from a variety of access points. Enrollment occurs between a card issuer and a card holder resulting in issuance of the card. When using the card, the cardholder will input the card into an input device. Cardholder information is routed to an initial network and then to the ATM/debit network. The information is then sent to the issuer. The issuer verifies the transaction to the input device and prompts the cardholder with options. For bill payment, the cardholder is provided a list of billers. The cardholder selects the appropriate biller and inputs all necessary information. A transaction is created to debit the cardholder's electronic account and credit the biller's account. This information is then routed to biller and confirmation is provided by the input device.

Inventors:
Hoch; Louis A. (San Antonio, TX)
Assignee:
Payment Data Systems, Inc. (San Antonio, TX)
Family ID:
34864115
Appl. No.:
11/065,389
Filed:
February 24, 2005

IF 7,021,530 protects payments, fUSIOneer card players... PROSPER!

Card (((ControlScans))) & Patent protection?... DEAL!