Merchants whose customers buy multiple prepaid cards contained within one pack would be able to save time by activating the cards all at once, and not individually, under a patent the U.S Patent and Trademark Office recently issued to First Data Corp., the Atlanta-based payment processor announced March 7.
Processing Content
First Data’s technology generates an additional account number for the entire package, the company says. All of the cards, regardless of whether they are network-branded open-loop or a merchant’s closed-loop products, would be activated when the clerk keys in the extra account number at the point of sale, the processor noted in a press release.
