System and method for using geolocation in conjunction with stored-value cards

Abstract

A system and method for receiving a request convert a representation of value into a value token. The system receiving an indication of the specific purchasing activity. The system determining a geographic location of the specific purchasing activity. The system converting the representation of value into the value token. The system pausing providing the value token for a period of time based on the geographic location of the specific purchasing activity.

1 . A computer implemented method comprising:
 receiving, from a value token user, a request to convert a representation of value into a value token, wherein the representation of value is associated with a specific purchasing activity, and wherein the representation of value comprises an intelligent code;   receiving an indication of the specific purchasing activity;   receiving an indication of a geographic location of the specific purchasing activity; and   determining a risk of fraud from the geographic location;   wherein a conversion of the representation of value into the value token may be paused for a period of time or denied based on the risk of fraud.   
     
     
         2 . The method of  claim 1 , wherein the representation of value is a prepaid card and the conversion of the representation of value into a value token includes activation of the prepaid card. 
     
     
         3 . The method of  claim 2 , further comprising:
 pausing providing the value token for a first period of time when the risk of fraud is low;   pausing providing the value token for a second period time when the risk of fraud is high;   wherein the second period of time is greater than the first period of time.   
     
     
         4 . The method of  claim 1 , wherein the period of time is zero time when there is no risk of fraud determined based on the geographic location. 
     
     
         5 . The method of  claim 1 , further comprising withholding the value token when the risk of fraud is determined to be high. 
     
     
         6 . The method of  claim 1 , further comprising:
 pausing providing the value token for a first period of time in a first geographic location;   pausing providing the value token for a second period time in a second geographic location;   wherein the second period of time is greater than the first period of time.   
     
     
         7 . The method of  claim 6 , wherein the first geographic location has a low risk of fraud. 
     
     
         8 . The method of  claim 7 , wherein the second geographic location has a high risk of fraud. 
     
     
         9 . The method of  claim 1 , wherein the period of time is zero time. 
     
     
         10 . The method of  claim 1 , further comprising withholding the value token based on the geographic location. 
     
     
         11 . A system comprising computer devices configured to:
 receive, from a value token user, a request to convert a representation of value into a value token, wherein the representation of value is associated with a specific purchasing activity, and wherein the representation of value comprises an intelligent code;   receive an indication of the specific purchasing activity;   receive an indication of a geographic location of the specific purchasing activity;   determine a risk of fraud in the geographic location;   wherein the system is configured to pause conversion or not convert the representation of value into the value token based on the determination of fraud risk; and   if the fraud risk is determined to be acceptably low, provide, to the value token user, the value token.   
     
     
         12 . The system of  claim 11 , wherein the representation of value is a prepaid card and the conversion of the representation of value into a value token includes activation of the prepaid card. 
     
     
         13 . The system of  claim 12 , wherein:
 the system pauses providing the value token for a first period of time when the risk of fraud is low;   the system pauses providing the value token for a second period time when the risk of fraud is high;   the second period of time is greater than the first period of time.   
     
     
         14 . The system of  claim 11 , wherein the period of time is zero time when there is no risk of fraud determined based on the geographic location. 
     
     
         15 . The system of  claim 11 , wherein the system withholds the value token when the risk of fraud is determined to be high. 
     
     
         16 . The system of  claim 11 , wherein:
 the system pauses providing the value token for a first period of time in a first geographic location;   the system pauses providing the value token for a second period time in a second geographic location;   the second period of time is greater than the first period of time.   
     
     
         17 . The system of  claim 16 , wherein the first geographic location has a low risk of fraud. 
     
     
         18 . The system of  claim 17 , wherein the second geographic location has a high risk of fraud. 
     
     
         19 . The system of  claim 11 , wherein the period of time is zero time. 
     
     
         20 . The system of  claim 11 , wherein the system withholds the value token based on the geographic location.