Item exchange using a trusted party

• US 20050171902A1
• Filed: 03/30/2005
• Published: 08/04/2005
• Est. Priority Date: 08/15/2001
• Status: Abandoned Application

• Current Assignee: Martin Khang Nguyen
• Original Assignee: Martin Khang Nguyen
• Inventors: Nguyen, Martin Khang
• Application Number:
  US11/095,410
• Publication Number:
  US 20050171902A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/387 Payment using discounts or coupons relating to marketing G06Q30/02
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G07G 1/0045 with a code reader for reading of an identifying code of the article to be registered, e.g. barcode reader or radio-frequency identity [RFID] reader

Abstract

An embodiment of the present invention includes a technique to provide exchange transactions of items from entities. A first item having a value is received from a first entity. The first item is verified and advertised. An exchange agreement between the first item and a second item from a second entity is confirmed. The first and second items are exchanged between the first and second entities.

Claims

1. A method comprising:

receiving a first item having a value from a first entity;

verifying the first item;

advertising the first item;

confirming an exchange agreement between the first item and a second item from a second entity; and

exchanging the first and second items between the first and second entities.

2. The method of claim 1 wherein receiving comprises:

obtaining item information of the first item; and

obtaining identification information of the first item.

3. The method of claim 2 wherein obtaining the identification information comprises:

reading the identification information by a reader.

4. The method of claim 2 wherein verifying comprises:

retrieving the identification information of the first item;

matching the identification information with a database provided by an item issuer issuing the first item; and

determining the value of the first item.

5. The method of claim 4 wherein advertising comprises:

displaying the first item; and

displaying the value of the first item.

6. The method of claim 1 wherein confirming the exchange agreement comprises:

showing a first offer statement for the first item provided by the first entity to the second entity;

receiving an acceptance statement for the first item from the second entity;

showing a second offer statement for the second item provided by the second entity to the first entity;

receiving a second acceptance statement for the second item from the first entity.

7. The method of claim 1 wherein exchanging comprises:

forwarding the first item to the second entity; and

forwarding the second item to the first entity.

8. The method of claim 3 wherein reading the identification information comprises:

reading the identification information by the reader at a transaction station.

9. The method of claim 1 wherein receiving the first item comprises:

receiving the first item being one of a membership card, a gift card, a gift certificate, a loyalty program, a reward certificate, a service certificate, a store credit, a credit certificate, a coupon, a discount card, a cash amount, a physical item, a collectible item, and a transferable item.

10. The method of claim 1 wherein confirming comprises:

confirming the exchange agreement between the first item and a second item, the second item being one of a membership card, a gift card, a gift certificate, a loyalty program, a reward certificate, a service certificate, a store credit, a credit certificate, a coupon, a discount card, a cash amount, a physical item, a collectible item, and a transferable item.

11. An apparatus comprising:

a receiving unit to receive a first item having a value from a first entity;

a processing unit coupled to the receiver to verify the first item; and

a display unit coupled to the processing unit to advertise the first item;

wherein the processing unit confirms an exchange agreement between the first item and a second item from a second entity and exchanges the first and second items between the first and second entities.

12. The apparatus of claim 11 wherein the receiving unit obtains item information and identification of the first item.

13. The apparatus of claim 12 wherein the receiving unit comprises:

a reader to read at least one of item information and identification information of the first item.

14. The apparatus of claim 12 wherein the processing unit retrieves the identification information of the first item, matches the identification information with a database provided by a vendor issuing the first item, and determines the value of the first item.

15. The apparatus of claim 14 wherein the display unit displays the first item and the value of the first item.

16. The apparatus of claim 11 wherein the processing unit comprises:

a remote interface unit to show a first offer statement for the first item provided by the first entity to the second entity, the remote interface unit receiving an acceptance statement for the first item from the second entity;

a local interface unit to show a second offer statement for the second item provided by the second entity to the first entity, the local interface unit receiving a second acceptance statement for the second item from the first entity.

17. The apparatus of claim 11 wherein the remote interface unit forwards the first item to the second entity, and the local interface unit forwards the second item to the first entity.

18. The apparatus of claim 13 wherein the reader is located at a transaction station.

19. The apparatus of claim 11 wherein one of the first item and the second item is one of a membership card, a gift card, a gift certificate, a loyalty program, a reward certificate, a service certificate, a store credit, a credit certificate, a coupon, a discount card, a cash amount, a physical item, a collectible item, and a transferable item.

20. An article of manufacture comprising:

a machine-accessible medium including data that, when accessed by a machine, causes the machine to perform operations comprising;

receiving a first item having a value from a first entity;

verifying the first item;

advertising the first item;

confirming an exchange agreement between the first item and a second item from a second entity; and

exchanging the first and second items between the first and second entities.

21. The article of manufacture of claim 20 wherein the data causing the machine to perform receiving comprises data that, when accessed by the machine, causes the machine to perform operations comprising:

obtaining item information of the first item; and

obtaining identification information of the first item.

22. The article of manufacture of claim 21 wherein the data causing the machine to perform obtaining the identification information comprises data that, when accessed by the machine, causes the machine to perform operations comprising:

reading the identification information by a reader.

23. The article of manufacture of claim 21 wherein the data causing the machine to perform verifying comprises data that, when accessed by the machine, causes the machine to perform operations comprising:

retrieving the identification information of the first item;

matching the identification information with a database provided by an item issuer issuing the first item; and

determining the value of the first item.

24. The article of manufacture of claim 23 wherein the data causing the machine to perform advertising comprises data that, when accessed by the machine, causes the machine to perform operations comprising:

displaying the first item; and

displaying the value of the first item.

25. The article of manufacture of claim 20 wherein the data causing the machine to perform confirming the exchange agreement comprises data that, when accessed by the machine, causes the machine to perform operations comprising:

showing a first offer statement for the first item provided by the first entity to the second entity;

receiving an acceptance statement for the first item from the second entity;

showing a second offer statement for the second item provided by the second entity to the first entity;

receiving a second acceptance statement for the second item from the first entity.

26. The article of manufacture of claim 20 wherein the data causing the machine to perform exchanging comprises data that, when accessed by the machine, causes the machine to perform operations comprising:

forwarding the first item to the second entity; and

forwarding the second item to the first entity.

27. The article of manufacture of claim 22 wherein the data causing the machine to perform reading the identification information comprises data that, when accessed by the machine, causes the machine to perform operations comprising:

reading the identification information by the reader at an exchange station.

28. The article of manufacture of claim 21 wherein one of the first item and the second item is one of a membership card, a gift card, a gift certificate, a loyalty program, a reward certificate, a service certificate, a store credit, a credit certificate, a coupon, a discount card, a cash amount, a physical item, a collectible item, and a transferable item.

29. A system comprising:

a first entity having a first item having a value; and

a transaction agent coupled to first entity via a network, the transaction agent having an transaction module, the transaction module comprising;

a receiving module to receive a first item from the first entity,

a verification module coupled to the receiving module to verify the first item,

an advertising module to advertise the first item,

a confirmation module to confirm an exchange agreement between the first

item and a second item from a second entity, and

an exchange module to exchange the first and second items between the first and second entities.

30. The system of claim 29 wherein one of the first item and the second item is one of a membership card, a gift card, a gift certificate, a loyalty program, a reward certificate, a service certificate, a store credit, a credit certificate, a coupon, a discount card, a cash amount, a physical item, a collectible item, and a transferable item.