MAGNETICALLY ENCODED STORED VALUE DEBIT

Brand	Owner (click to sort)	Address	Description
CATHOLIC EDUCATION FUND	Rodering Inc.	23 Altarinda Road, Suite 103 Orinda CA 94563	MAGNETICALLY ENCODED STORED VALUE DEBIT CARDS;CATHOLIC;
CHEXCARD	Merchant Bankcard Services Corporation	724 Bank of America Tower 6300 Ridglea Place Fort Worth TX 76116	Magnetically encoded stored value debit card to enable the funding, processing, and operation of an electronic bank account accessed via the debit card;CHECKS CARD;
ELITE EXPRESSIONS	ProPay USA, Inc.	500 Timpanogos Parkway Orem UT 84097	Magnetically encoded stored value debit cards;
POWERCHEQUE	Comm Sure	570 North Temperance Ave. Clovis CA 93611	Magnetically encoded stored-value debit and cash card;POWER CHEQUE; POWER CHECK;
ULTIMA CARD	American Card Services, Inc.	7658 Municipal Dr. Orlando FL 32819	Magnetically encoded stored value debit cards;CARD;
	Where the owner name is not linked, that owner no longer owns the brand

Technical Examples

According to the invention, a process for transferring funds between a payor and a payee in an online transaction is disclosed. In one step, information is received from the payor for debiting a bank account associated with the payor. Authorization is transmitted to the payee to request debits from the payor. The total of all debit requests does not exceed an amount that is authorized. A first request is received from the payee to debit the customer a first portion of the amount. A first debit is initiated from the bank account for the first portion of the amount. A second request is received from the payee to debit the payor a second portion of the amount. A second debit is initiated from the bank account for the second portion of the amount.