Payer-Based Account Porting To Portable Value Distribution Systems And Methods

Abstract

A value distribution method includes enrolling a payee into a source program through which the payee receives funds from a payer. The source program includes a stored value account into which the payer deposits the payee's funds. The stored value account has account information associated therewith. The method also includes receiving a porting trigger, and, in response to the porting trigger, establishing a target program for the payee. The target program includes a target account into which entities in addition to the payer may deposit funds. The method also includes porting at least a portion of the account information from the source program to the target program.

1 . (canceled) 
     
     
         2 . A method for porting a value program, the method comprising:
 enrolling, by a computer system, a payee into a payroll source program such that the payee is associated with a stored value account, wherein:
 the payee can access funds in the stored value account using a presentation instrument, and 
 only an employer payer is permitted to deposit funds, comprising payroll deposits, to the stored value account of the payroll source program; 
   determining, by the computer system, a predetermined period of inactivity has occurred in relation to the stored value account of the payroll source program;   based on the predetermined period of inactivity being determined to have occurred in relation to the stored value account, generating, by the computer system, a porting trigger;   enrolling, by the computer system, based on the porting trigger being generated, the payee into a target program, such that the payee's enrollment in the target program replaces the payee's enrollment in the payroll source program and the payee is associated with a target account, wherein
 the target program permits entities other than the employer payer to deposit funds to the target account; and 
   porting, by the computer system, account information associated with the payee from the payroll source program to the target program to permit the payee to continue to use the presentation instrument.   
     
     
         3 . The method for porting the value program of  claim 2 , wherein determining the predetermined period of inactivity is based on the employer payer not making a deposit of funds to the stored value account of the payroll source program for the predefined period of inactivity. 
     
     
         4 . The method for porting the value program of  claim 2 , wherein porting the account information associated with the payee from the payroll source program to the target program comprises an account number of the stored value account being ported to the target program. 
     
     
         5 . The method for porting the value program of  claim 2 , further comprising:
 charging, by the computer system, a fee to the target account after enrollment in the target program based on the porting trigger.   
     
     
         6 . The method for porting the value program of  claim 5 , further comprising:
 determining, by the computer system, that a balance of the target account is zero; and   in response to determining the balance of the target account is zero, closing the target account.   
     
     
         7 . The method for porting the value program of  claim 2 , wherein the source program limits the payee to making withdrawals via automated teller machines. 
     
     
         8 . The method for porting the value program of  claim 7 , wherein the target program permits the payee to make signature-based purchases. 
     
     
         9 . A system for porting a value program, the system comprising:
 one or more processors; and   a memory communicatively coupled with and readable by the one or more processors and having stored therein processor-readable instructions which, when executed by the one or more processors, cause the one or more processors to:
 enroll a payee into a payroll source program such that the payee is associated with a stored value account, wherein: 
 the payee can access funds in the stored value account using a presentation instrument, and 
 only an employer payer is permitted to deposit funds, comprising payroll deposits, to the stored value account of the payroll source program; 
   determine a predetermined period of inactivity has occurred in relation to the stored value account of the payroll source program;   based on the predetermined period of inactivity being determined to have occurred in relation to the stored value account, generate a porting trigger;   enroll, based on the porting trigger being generated, the payee into a target program, such that the payee's enrollment in the target program replaces the payee's enrollment in the payroll source program and the payee is associated with a target account, wherein
 the target program permits entities other than the employer payer to deposit funds to the target account; and 
   port account information associated with the payee from the payroll source program to the target program to permit the payee to continue to use the presentation instrument.   
     
     
         10 . The system for porting the value program of  claim 9 , wherein the processor-readable instructions that, when executed, cause the one or more processors to determine the predetermined period of inactivity is based on the employer payer not making a deposit of funds to the stored value account of the payroll source program for the predefined period of inactivity. 
     
     
         11 . The system for porting the value program of  claim 9 , wherein the processor-readable instructions that, when executed, cause the one or more processors to port the account information associated with the payee from the payroll source program to the target program comprise processor-readable instructions which, when executed, cause the one or more processors to port an account number of the stored value account to the target program. 
     
     
         12 . The system for porting the value program of  claim 9 , wherein the processor-readable instructions, when executed, further cause the one or more processors to:
 charge a fee to the target account after enrollment in the target program based on the porting trigger.   
     
     
         13 . The system for porting the value program of  claim 12 , wherein the processor-readable instructions, when executed, further cause the one or more processors to:
 determine that a balance of the target account is zero; and   in response to determining the balance of the target account is zero, close the target account.   
     
     
         14 . The system for porting the value program of  claim 9 , wherein the source program limits the payee to making withdrawals via automated teller machines. 
     
     
         15 . The system for porting the value program of  claim 14 , wherein the target program permits the payee to make signature-based purchases. 
     
     
         16 . A non-transitory processor-readable medium for porting a value program, comprising processor-readable instructions configured to cause one or more processors to:
 enroll a payee into a payroll source program such that the payee is associated with a stored value account, wherein:
 the payee can access funds in the stored value account using a presentation instrument, and 
 only an employer payer is permitted to deposit funds, comprising payroll deposits, to the stored value account of the payroll source program; 
   determine a predetermined period of inactivity has occurred in relation to the stored value account of the payroll source program;   based on the predetermined period of inactivity being determined to have occurred in relation to the stored value account, generate a porting trigger;   enroll, based on the porting trigger being generated, the payee into a target program, such that the payee's enrollment in the target program replaces the payee's enrollment in the payroll source program and the payee is associated with a target account, wherein
 the target program permits entities other than the employer payer to deposit funds to the target account; and 
   port account information associated with the payee from the payroll source program to the target program to permit the payee to continue to use the presentation instrument.   
     
     
         17 . The non-transitory processor-readable for porting the value program of  claim 16 , wherein the processor-readable instructions configured to cause the one or more processors to determine the predetermined period of inactivity is based on the employer payer not making a deposit of funds to the stored value account of the payroll source program for the predefined period of inactivity. 
     
     
         18 . The non-transitory processor-readable for porting the value program of  claim 16 , wherein the processor-readable instructions configured to cause the one or more processors to port the account information associated with the payee from the payroll source program to the target program comprise processor-readable instructions configured to cause the one or more processors to:
 port an account number of the stored value account to the target program.   
     
     
         19 . The non-transitory processor-readable for porting the value program of  claim 16 , wherein the processor-readable instructions are further configured to cause the one or more processors to:
 charge a fee to the target account after enrollment in the target program based on the porting trigger.   
     
     
         20 . The non-transitory processor-readable for porting the value program of  claim 19 , wherein the processor-readable instructions are further configured to cause the one or more processors to:
 determine that a balance of the target account is zero; and   in response to determining the balance of the target account is zero, close the target account.   
     
     
         21 . The non-transitory processor-readable for porting the value program of  claim 16 , wherein the source program limits the payee to making withdrawals via automated teller machines.