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Cash redemption of gift cards systems and methods

  • US 20070187494A1
  • Filed: 02/16/2006
  • Published: 08/16/2007
  • Est. Priority Date: 02/16/2006
  • Status: Active Grant
First Claim
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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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