Abstract: A method enabling a prepaid, open-ended stored-value charity card used as a fundraising vehicle providing dollar-based monetary funding to pre-selected charities is disclosed. The method uses an existing prepaid, open-ended, stored-value card that relies upon credit card technology, and can be redeemed at any merchant accepting credit card transactions. A prepaid, open-ended, stored-value card has a defined value that may be used in multiple transactions or until the value is depleted. The stored-value card is distributed to pre-selected charities either directly from a Charity Card Provider, or through an intermediate Reseller, and further distributed to a user. The charity receives funds by either distributing the charity card to a user at a premium in addition to the face value, obtaining the charity card at a discount to the face value, or by having merchant sponsorships.
Type:
Application
Filed:
June 6, 2003
Publication date:
December 9, 2004
Applicant:
Impact Consulting & Management
Inventors:
Paul H. Prato, Gayla L. Sajben, June W. Chung, Erin M. Pedersen, Dawn E. Winship