Method and system for transferring stored value
First Claim
Patent Images
1. A method for transferring value from a value provider, the method comprising:
- receiving a request initiated by a value owner to transfer value from the value provider to a recipient in a converted form;
receiving the value from the value provider with an exchange provider, the exchange provider including a processor configured for conversion of the value into the converted form;
converting the received value with the processor of the exchange provider to the converted form; and
transmitting the converted value from the exchange provider to the recipient.
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Abstract
A method and system are provided for transferring value from a value provider. A request initiated by a value owner to transfer value from the value provider to a recipient is received. An exchange provider receives the value in accordance with the request. The exchange provider includes a processor that converts the received value into a converted form. The converted value is then transmitted to the recipient by the exchange provider.
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Citations
32 Claims
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1. A method for transferring value from a value provider, the method comprising:
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receiving a request initiated by a value owner to transfer value from the value provider to a recipient in a converted form;
receiving the value from the value provider with an exchange provider, the exchange provider including a processor configured for conversion of the value into the converted form;
converting the received value with the processor of the exchange provider to the converted form; and
transmitting the converted value from the exchange provider to the recipient. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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19. A method for transferring nonmonetary value from a first value provider to a second value provider, the method comprising:
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receiving a request initiated by a value owner to effect the transfer;
receiving nonmonetary value from the first value provider with an exchange provider, the exchange provider including a processor configured for conversion of the nonmonetary value into the converted value; and
transmitting nonmonetary value from the exchange provider to the second value provider in accordance with the request. - View Dependent Claims (20, 21)
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22. A method for exiting nonmonetary value from a value provider, the method comprising:
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receiving a request initiated by a first customer of the value provider to exit the nonmonetary value to a recipient individual, wherein the first customer is an owner of the nonmonetary value;
receiving the nonmonetary value from the value provider with an exchange provider, the exchange provider including a processor configured for conversion of the nonmonetary value into monetary value;
converting the nonmonetary value with the processor of the exchange provider into monetary value; and
delivering the monetary value to the recipient individual. - View Dependent Claims (23, 24, 25)
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26. A system for transferring value from a value provider, the system comprising:
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an input device configured for receiving a request initiated by a value owner to transfer value from the value provider to a recipient in a converted form;
an output device configured for transmitting converted value to the recipient; and
a processor in communication with the input device and the output device, the processor being configured to convert value received from the value provider into the converted value. - View Dependent Claims (27, 28, 29, 30)
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31. A system for transferring value from a value provider, the system comprising:
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input means for receiving a request initiated by a value owner to transfer value from the value provider to a recipient in a converted form;
processor means for converting value received from the value provider into converted value; and
output means for transmitting converted value to the recipient, wherein the processor means is in communication with the input and output means. - View Dependent Claims (32)
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Specification