Patents by Inventor Justin T. Monk
Justin T. Monk has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Patent number: 10546287Abstract: In one embodiment of the invention, a method is described. The method comprises receiving at a server computer, an authorization request message from a first merchant computer operated by a first merchant that includes information associated with a transaction conducted by a consumer using a prepaid device associated with a second merchant, determining, based on the information in the authorization request message, the second merchant associated with the prepaid device, transmitting the authorization request message to a second merchant computer operated by the second merchant, receiving an authorization response message from the second merchant computer, and sending the authorization response message to the first merchant computer.Type: GrantFiled: May 7, 2013Date of Patent: January 28, 2020Assignee: Visa International Service AssociationInventor: Justin T. Monk
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Publication number: 20180053189Abstract: According to embodiments of the invention, data not ordinarily sent through a transaction network can be transmitted to a resource provider (e.g., a merchant) in an authorization response message. For example, a location of an authorized user of a credential can be transmitted to a merchant to be compared to the merchant's location. This allows the merchant to determine whether to deliver goods or services to a consumer presenting the credential. In an additional or alternative example, transaction statistics can be transmitted to a merchant to allow the merchant to perform analytics. In both cases, the authorization response message serves the function of not only providing authorization services, but also authentication services (via user location) and/or data services (via statistics).Type: ApplicationFiled: August 18, 2016Publication date: February 22, 2018Inventors: Justin T. Monk, Howard Fish, Shoon Ping Wong
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Patent number: 9262762Abstract: A processing system is operable for issuance and processing of cards with fee options applicable to a group of fee types. In one embodiment, the processing system includes a processing module, a secure card network, an issuer fee database and card account database. The card issuance database is operable to store a fee record associated with a card, wherein the fee record includes the fee options configured to apply to the group of fee types. The card account database is operable to store a card account record for the card, wherein the card account record includes a universal fee access counter for tracking parameters associated with the fee options configured to apply to the group of fee types.Type: GrantFiled: October 9, 2008Date of Patent: February 16, 2016Assignee: Visa U.S.A. Inc.Inventor: Justin T. Monk
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Patent number: 8788382Abstract: Embodiments of the invention provide systems and methods for automatically migrating a consumer from one prepaid financial account to another prepaid financial account based on preset trigger criteria. A prepaid payment device, such as a payroll card, may be issued to the consumer and associated with a prepaid financial account. The prepaid financial account may include a profile for the consumer. The issuer of the prepaid payment device may monitor the account activity and set trigger criteria that control when the consumer is automatically migrated from the current prepaid financial account and which type of new account the consumer is migrated into.Type: GrantFiled: November 19, 2010Date of Patent: July 22, 2014Assignee: Visa U.S.A. Inc.Inventor: Justin T. Monk
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Patent number: 8740068Abstract: A prepaid card processing system is operable for processing customized expiration dates of prepaid cards. The prepaid card processing system includes a database for storing program expiration parameters associated with an issuer prepaid card program; a set of card accounts created under the issuer prepaid card program, wherein each card account has an expiration date for a prepaid card associated with the card account; and one or more customized expiration parameters for the set of card accounts. The prepaid card processing system is operable to determine the expiration date for the prepaid card associated with the card account based on the program expiration parameters and the customized expiration parameters for the set of card accounts.Type: GrantFiled: May 20, 2013Date of Patent: June 3, 2014Assignee: Visa International Service AssociationInventor: Justin T. Monk
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Patent number: 8589285Abstract: An apparatus is disclosed. The apparatus is for comparing a set of production fraud parameters with one or more sets of test or proposed fraud parameters run against prepaid card production data in a prepaid card analysis. The apparatus may include a system for uploading a set of production fraud parameters and one or more sets of test fraud parameters, a processing engine for receiving the uploaded parameters for running production data against the set of production fraud parameters in tandem with the one or more sets of test fraud parameters to produce a set of suspected fraud cases triggered by each set of fraud parameters, and one or more databases integrated with or in communications with the processing engine for card validation.Type: GrantFiled: September 23, 2009Date of Patent: November 19, 2013Assignee: Visa U.S.A. Inc.Inventor: Justin T. Monk
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Publication number: 20130297511Abstract: In one embodiment of the invention, a method is described. The method comprises receiving at a server computer, an authorization request message from a first merchant computer operated by a first merchant that includes information associated with a transaction conducted by a consumer using a prepaid device associated with a second merchant, determining, based on the information in the authorization request message, the second merchant associated with the prepaid device, transmitting the authorization request message to a second merchant computer operated by the second merchant, receiving an authorization response message from the second merchant computer, and sending the authorization response message to the first merchant computer.Type: ApplicationFiled: May 7, 2013Publication date: November 7, 2013Inventor: Justin T. Monk
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Publication number: 20130254105Abstract: A prepaid card processing system is operable for processing customized expiration dates of prepaid cards. The prepaid card processing system includes a database for storing program expiration parameters associated with an issuer prepaid card program; a set of card accounts created under the issuer prepaid card program, wherein each card account has an expiration date for a prepaid card associated with the card account; and one or more customized expiration parameters for the set of card accounts. The prepaid card processing system is operable to determine the expiration date for the prepaid card associated with the card account based on the program expiration parameters and the customized expiration parameters for the set of card accounts.Type: ApplicationFiled: May 20, 2013Publication date: September 26, 2013Inventor: Justin T. Monk
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Patent number: 8505815Abstract: A prepaid card processing system is operable for processing customized expiration dates of prepaid cards. The prepaid card processing system includes a database for storing program expiration parameters associated with an issuer prepaid card program; a set of card accounts created under the issuer prepaid card program, wherein each card account has an expiration date for a prepaid card associated with the card account; and one or more customized expiration parameters for the set of card accounts. The prepaid card processing system is operable to determine the expiration date for the prepaid card associated with the card account based on the program expiration parameters and the customized expiration parameters for the set of card accounts.Type: GrantFiled: January 11, 2012Date of Patent: August 13, 2013Assignee: Visa U.S.A., Inc.Inventor: Justin T. Monk
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Publication number: 20130204785Abstract: One embodiment of the invention is directed to a method comprising receiving, at a mobile payment system, transaction information from a mobile device operated by an originating user. The method further comprises generating, by the mobile payment system, a transaction request message using the transaction information from the mobile device operated by the originating user and analyzing, by the mobile payment system, the transaction request message to determine a type of the transaction. The method further comprises processing, by the mobile payment system, the transaction based on the type of the transaction, wherein the mobile payment system is configured to integrate at least two of an issuer, acquirer, and payment processing network functional modules.Type: ApplicationFiled: January 31, 2013Publication date: August 8, 2013Inventors: Justin T. Monk, Jeffrey J. Motto
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Patent number: 8290832Abstract: A method and system for handling returned prepaid device in a payment system. In one embodiment, upon receipt of a returned prepaid device corresponding to a consumer's account, a method indicates in the consumer's account that an address of the consumer is invalid; and determines whether the device should be stored in order to possibly re-send the device to the consumer if a new valid consumer address is received, or to destroy the device and refund the purchaser.Type: GrantFiled: June 4, 2007Date of Patent: October 16, 2012Assignee: Visa U.S.A. Inc.Inventor: Justin T. Monk
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Publication number: 20120203658Abstract: A prepaid card processing system is operable for processing customized expiration dates of prepaid cards. The prepaid card processing system includes a database for storing program expiration parameters associated with an issuer prepaid card program; a set of card accounts created under the issuer prepaid card program, wherein each card account has an expiration date for a prepaid card associated with the card account; and one or more customized expiration parameters for the set of card accounts. The prepaid card processing system is operable to determine the expiration date for the prepaid card associated with the card account based on the program expiration parameters and the customized expiration parameters for the set of card accounts.Type: ApplicationFiled: January 11, 2012Publication date: August 9, 2012Inventor: Justin T. Monk
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Publication number: 20120179591Abstract: A method of monitoring fraud associated with prepaid devices includes configuring fraud platform parameters which comprise one or more limits defined by one or more values, each limit associated with a particular platform parameter, one or more thresholds defined by one or more values, each threshold associated with a particular platform parameter, and one or more rules that define restrictions for certain prepaid device activities. The method further includes applying the fraud platform parameters to prepaid device production data and determining whether to issue the prepaid device depending on whether any parameters were triggered by the production data.Type: ApplicationFiled: March 20, 2012Publication date: July 12, 2012Inventor: Justin T. Monk
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Patent number: 8165938Abstract: A method of monitoring fraud associated with prepaid devices includes configuring fraud platform parameters which comprise one or more limits defined by one or more values, each limit associated with a particular platform parameter, one or more thresholds defined by one or more values, each threshold associated with a particular platform parameter, and one or more rules that define restrictions for certain prepaid device activities. The method further includes applying the fraud platform parameters to prepaid device production data and determining whether to issue the prepaid device depending on whether any parameters were triggered by the production data.Type: GrantFiled: June 4, 2007Date of Patent: April 24, 2012Assignee: Visa U.S.A. Inc.Inventor: Justin T. Monk
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Patent number: 8146806Abstract: Systems and methods are provided for a prepaid credit card processing system wherein components or entities such as the acquirer, issuer, or prepaid card processing network can dynamically determine, at the time of the transaction, whether a credit card transaction will be allowed—even where the fee associated with the transaction would cause the balance to fall below zero.Type: GrantFiled: June 4, 2007Date of Patent: April 3, 2012Assignee: Visa U.S.A. Inc.Inventor: Justin T. Monk
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Patent number: 8118219Abstract: A prepaid card processing system is operable for processing customized expiration dates of prepaid cards. The prepaid card processing system includes a database for storing program expiration parameters associated with an issuer prepaid card program; a set of card accounts created under the issuer prepaid card program, wherein each card account has an expiration date for a prepaid card associated with the card account; and one or more customized expiration parameters for the set of card accounts. The prepaid card processing system is operable to determine the expiration date for the prepaid card associated with the card account based on the program expiration parameters and the customized expiration parameters for the set of card accounts.Type: GrantFiled: October 9, 2008Date of Patent: February 21, 2012Assignee: Visa USA Inc.Inventor: Justin T. Monk
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Publication number: 20110125634Abstract: Embodiments of the invention provide systems and methods for automatically migrating a consumer from one prepaid financial account to another prepaid financial account based on preset trigger criteria. A prepaid payment device, such as a payroll card, may be issued to the consumer and associated with a prepaid financial account. The prepaid financial account may include a profile for the consumer. The issuer of the prepaid payment device may monitor the account activity and set trigger criteria that control when the consumer is automatically migrated from the current prepaid financial account and which type of new account the consumer is migrated into.Type: ApplicationFiled: November 19, 2010Publication date: May 26, 2011Inventor: Justin T. Monk
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Publication number: 20100332382Abstract: A method determines that a first relationship between a holder of a portable consumer device and a first employer is terminated. In response to determining that the first relationship is terminated, the method also disassociates account information of the portable consumer device from the first employer while retaining an association between the portable consumer device and an issuer of the portable consumer device. In addition, the method establishes a second relationship between the employee and a second employer and links the account information of the portable consumer device with the second employer.Type: ApplicationFiled: September 2, 2010Publication date: December 30, 2010Inventor: Justin T. Monk
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Patent number: 7860790Abstract: Embodiments of the invention provide systems and methods for automatically migrating a consumer from one prepaid financial account to another prepaid financial account based on preset trigger criteria. A prepaid payment device, such as a payroll card, may be issued to the consumer and associated with a prepaid financial account. The prepaid financial account may include a profile for the consumer. The issuer of the prepaid payment device may monitor the account activity and set trigger criteria that control when the consumer is automatically migrated from the current prepaid financial account and which type of new account the consumer is migrated into.Type: GrantFiled: June 4, 2007Date of Patent: December 28, 2010Assignee: Visa U.S.A. Inc.Inventor: Justin T. Monk
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Patent number: 7809637Abstract: A method determines that a first relationship between a holder of a portable consumer device and a first employer is terminated. In response to determining that the first relationship is terminated, the method also disassociates account information of the portable consumer device from the first employer while retaining an association between the portable consumer device and an issuer of the portable consumer device. In addition, the method establishes a second relationship between the employee and a second employer and links the account information of the portable consumer device with the second employer.Type: GrantFiled: June 4, 2007Date of Patent: October 5, 2010Assignee: Visa U.S.A. Inc.Inventor: Justin T. Monk