Patents Assigned to Prepaid Solutions, Inc.
  • Patent number: 8781961
    Abstract: A system is provided for a stored-value card account to serve as a platform to transfer funds in alternate currency. A prepaid cardholder may transfer to a recipient in a first currency from an account in a second currency. The prepaid cardholder selects the amount to be transferred, the recipient, and the currency to be provided to the recipient. An exchange rate is obtained automatically from a currency exchanger and once the prepaid cardholder authorizes the transfer, funds in the requested currency are transferred to the recipient and the prepaid cardholder account owner's prepaid cardholder account is debited the appropriate amount. Thus, currency conversion and delivery to a recipient is possible in an automated process.
    Type: Grant
    Filed: August 20, 2008
    Date of Patent: July 15, 2014
    Assignee: Prepaid Solutions, Inc.
    Inventor: Daniel Grotto