Cash redemption of gift cards systems and methods
First Claim
1. A method of redeeming cash from a stored-value instrument comprising:
- at a point-of-sale (POS) device associated with a money transfer network, receiving an identifier associated with the stored-value instrument;
transmitting a request to redeem cash associated with the stored-value instrument to an instrument authority system, wherein the instrument authority system comprises a database of identifiers, values associated with the identifiers, and merchants associated with the identifiers;
receiving a response at the POS device from the instrument authority system; and
based at least in part on the response, determining whether to dispense cash.
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0 Petitions
Accused Products
Abstract
A method of redeeming cash from a stored-value instrument is disclosed. The method may, at a point-of-sale (“POS”) device associated with a money transfer network, receive an identifier associated with the stored-value instrument and transmit a request to redeem cash associated with the stored-value instrument to an instrument authority system. The instrument authority system may have a database of identifiers, values associated with the identifiers and merchants associated with the identifiers. The method may further receive a response at the POS device from the instrument authority system. Based at least in part on the response, the method may determine whether to dispense cash.
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Citations
35 Claims
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1. A method of redeeming cash from a stored-value instrument comprising:
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at a point-of-sale (POS) device associated with a money transfer network, receiving an identifier associated with the stored-value instrument;
transmitting a request to redeem cash associated with the stored-value instrument to an instrument authority system, wherein the instrument authority system comprises a database of identifiers, values associated with the identifiers, and merchants associated with the identifiers;
receiving a response at the POS device from the instrument authority system; and
based at least in part on the response, determining whether to dispense cash. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. A method of redeeming cash from a stored-value instrument comprising:
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at a money transfer network, receiving from a POS device associated with the money transfer network a request to redeem cash associated with the stored-value instrument;
transmitting the request to redeem cash associated with the stored-value instrument to an instrument authority system, wherein the instrument authority system comprises a database of identifiers, values associated with the identifiers, and merchants associated with the identifiers;
receiving a response from the instrument-authority system; and
transmitting the response to the POS device, wherein the POS device, based at least in part on the response, determines whether to dispense cash. - View Dependent Claims (21, 22, 23, 24, 25, 26, 27, 28)
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29. A method of redeeming cash from a stored-value instrument comprising:
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at an instrument authority system, receiving a request to redeem cash associated with a stored-value instrument from a POS device associated with a money transfer network, wherein the instrument authority system comprises a database of identifiers associated with stored-value instruments, values associated with the identifiers, and merchants associated with the identifiers;
determining if the request to redeem cash associated with the stored-value instrument should be authorized; and
transmitting a response to the money transfer network, wherein the money transfer network transmits the response to the POS device, and wherein based at least in part on the response, the POS device determines whether to dispense cash. - View Dependent Claims (30, 31, 32, 33, 34)
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35. A method of redeeming cash from a stored-value instrument comprising:
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at a POS device associated with a money transfer network, receiving an identifier associated with the stored-value instrument;
transmitting a request to redeem cash associated with the stored-value instrument to the money transfer network, wherein the request comprises the identifier associated with the stored value instrument and a request for a specific value;
at the money transfer network, transmitting the request to redeem cash associated with the stored-value instrument to an instrument authority system, wherein the instrument authority system comprises a database of identifiers associated with stored-value instruments, values associated with the identifiers, and merchants associated with the identifiers;
at the instrument authority system, determining if the request to redeem cash associated with the stored-value instrument should be authorized, wherein determining if the request to redeem cash associated with the stored-value instrument should be authorized comprises comparing the request for the specific value with the value associated with the identifier associated with the stored-value instrument;
transmitting a response to the money transfer network, wherein the response is based at least in part upon the determination if the request to redeem cash associated with the stored-value instrument should be authorized;
at the money transfer network, transmitting the response to the POS device;
at the POS device, determining whether to dispense cash, wherein determining whether to dispense cash is based at least in part upon the response; and
based on the determination of whether to dispense cash, dispensing cash.
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Specification