×

Smart gift card values

  • US 10,169,769 B1
  • Filed: 12/23/2014
  • Issued: 01/01/2019
  • Est. Priority Date: 12/23/2014
  • Status: Active Grant
First Claim
Patent Images

1. A method implemented by one or more servers associated with a payment processing service that authorizes payment instruments of customers, the method comprising:

  • receiving, from a plurality of merchant devices, first data associated with a plurality of merchants;

    generating a plurality of business profiles using the first data received from the plurality of merchant devices, each of the plurality of business profiles including at least one of a geographical location, a class of items, or transactional information;

    receiving, from a merchant device of a first merchant, second data associated with the first merchant, the merchant device executing an instance of a merchant application that configures the merchant device as a point-of-sale (POS) terminal, the instance of the merchant application configuring the POS terminal to transmit at least the second data to the payment processing service;

    determining, using the second data, a geographical location associated with the first merchant;

    determining, using the second data, a class of items offered by the first merchant;

    determining, using the second data, a historical revenue of the first merchant;

    determining, using the second data, a ticket size associated with the first merchant;

    generating a business profile for the first merchant based at least in part on the geographical location of the first merchant, the class of items offered by the first merchant, the historical revenue of the first merchant, and the ticket size associated with the first merchant;

    comparing the business profile of the first merchant to the plurality of business profiles to identify at least one business profile from the plurality of business profiles that is associated with the geographical location associated with the first merchant, the class of items offered by the first merchant, and a historical revenue that is within a threshold revenue of the historical revenue of the first merchant;

    based at least in part on the at least one business profile and the ticket size associated with the first merchant, determining recommended values for the first merchant to associate with physical gift cards that are purchased by the customers from the first merchant wherein a physical gift card is a prepaid stored-value monetary card in which at least a portion of the stored-value is deducted in association with a purchase;

    transmitting, to the merchant application, a suggestion message that the first merchant associate each of the physical gift cards with a respective one of the recommended values, wherein the merchant application is configured to present, via a display of the POS terminal, a user interface associated with selectable controls corresponding to each of the recommended values;

    receiving, from the merchant application and responsive to selection of a selectable control corresponding to a recommended value, a request to activate at least one physical gift card for the recommended value; and

    associating, based on receiving the request, at least one physical gift card with a stored-value corresponding to the recommended value.

View all claims
  • 2 Assignments
Timeline View
Assignment View
    ×
    ×