SYSTEM AND METHOD FOR CONVERTING CLOSED LOOP CARDS INTO GIFT CODES
First Claim
1. A method of generating a gift code, the method causing a computing device to perform steps comprising:
- receiving an indication from a first user identifying a closed loop card;
receiving a confirmation of an amount of money in an account associated with the closed loop card;
offering to purchase the closed loop card at an amount less than the amount of money in the account associated with the closed loop card;
upon acceptance of the offer, deactivating the closed loop card;
offering to sell the amount of money at a discount rate to a second user;
receiving acceptance of the offer to sell the amount of money at the discount rate; and
associating a gift code with the amount of money for use by the second user.
3 Assignments
0 Petitions
Accused Products
Abstract
Disclosed herein are systems, methods, and computer-readable storage media for generating a gift code. The system receives an indication from a first user identifying a closed loop card, receives a confirmation of an amount of money in an account associated with the closed loop card, offers to purchase the closed loop card at an amount less than the amount of money in the account associated with the closed loop card, and upon acceptance of the offer, deactivates the closed loop card. The system then offers to sell the amount of money at a discount rate to a second user, receives acceptance of the offer to sell the amount of money at the discount rate, and associates a gift code with the amount of money for use by the second user. Gift codes can have no expiration date. A multi-process secure gateway can confirm the amount of money.
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Citations
20 Claims
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1. A method of generating a gift code, the method causing a computing device to perform steps comprising:
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receiving an indication from a first user identifying a closed loop card; receiving a confirmation of an amount of money in an account associated with the closed loop card; offering to purchase the closed loop card at an amount less than the amount of money in the account associated with the closed loop card; upon acceptance of the offer, deactivating the closed loop card; offering to sell the amount of money at a discount rate to a second user; receiving acceptance of the offer to sell the amount of money at the discount rate; and associating a gift code with the amount of money for use by the second user. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A system for generating a gift code, the system comprising:
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a computer processor; a module configured to control the processor to receive an indication from a first user identifying a closed loop card; a module configured to control the processor to receive a confirmation of an amount of money in an account associated with the closed loop card; a module configured to control the processor to offer to purchase the closed loop card at an amount less than the amount of money in the account associated with the closed loop card; a module configured to control the processor to, upon acceptance of the offer, deactivate the closed loop card; a module configured to control the processor to offer to sell the amount of money at a discount rate to a second user; a module configured to control the processor to receive acceptance of the offer to sell the amount of money at the discount rate; and a module configured to control the processor to associate a gift code with the amount of money for use by the second user. - View Dependent Claims (13, 14, 15)
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16. A computer-readable storage medium storing instructions which, when executed by a computing device, control the computing device to generate a gift code, the instructions further comprising:
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receiving an indication from a first user identifying a closed loop card; receiving a confirmation of an amount of money in an account associated with the closed loop card; offering to purchase the closed loop card at an amount less than the amount of money in the account associated with the closed loop card; upon acceptance of the offer, deactivating the closed loop card; offering to sell the amount of money at a discount rate to a second user; receiving acceptance of the offer to sell the amount of money at the discount rate; and associating a gift code with the amount of money for use by the second user. - View Dependent Claims (17, 18, 19, 20)
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Specification