Inventors:
Christopher R. McGee - Aurora CO, US
David Baumgartner - Parker CO, US
Assignee:
First Data Corporation - Englewood CO
International Classification:
G06Q 99/00
US Classification:
705 67, 705 64, 705 65, 705 79, 705 14, 705 41, 235375, 235380, 235379, 235382
Abstract:
Methods and systems are provided for processing a stored-value instrument. An unrestricted value associated with the stored-value instrument is authenticated at an instrument-authority system in response to an authentication request received from a merchant point-of-sale terminal. An allocation request is received at the instrument-authority system for a restricted allocation of at least a portion of the authenticated value associated with the stored-value instrument. The authenticated value is allocated in accordance with the allocation request.