CPC G06Q 20/38 (2013.01) [G06Q 20/28 (2013.01); G06Q 20/342 (2013.01); G06Q 20/405 (2013.01); G06Q 20/407 (2013.01); G06Q 20/4016 (2013.01); G06Q 20/4037 (2013.01); G06Q 50/26 (2013.01)] | 20 Claims |
1. A method of processing a plurality of prepaid payment cards, comprising:
for each prepaid payment card of the plurality of prepaid payment cards, receiving, by a card terminal or a Payment Card Industry Data Security Standards compliant computing device (PCI DSS computing device), card identification information;
determining, based on at least a portion of the card identification information, that an aggregate balance on the plurality of prepaid payment cards exceeds a predetermined value;
for each prepaid payment card, generating, by the card terminal or PCI DSS computing device, at least one of a funds freeze transaction or a funds seizure transaction based on determining that the aggregate balance exceeds the predetermined value;
for each prepaid payment card, transmitting, by the card terminal or PCI DSS computing device, the at least one of the funds freeze transaction or the funds seizure transaction to a payment card network and an issuer processor via a gateway to initiate a funds freeze or a funds seizure; and
updating, by the card terminal or PCI DSS computing device, a central database with the at least one of the funds freeze transaction or the funds seizure transaction.
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