SYSTEM AND METHOD FOR PROCESSING GROUP GIFT CARDS
First Claim
1. A method comprising:
- identifying, at a first time, a group of givers, each giver of the group of givers having a respective registered giver payment account, wherein each respective registered giver payment account is independent of other registered giver payment accounts of the group of givers, and wherein each respective registered giver payment account exists prior to the first time;
identifying a gift having a gift cost;
establishing, via a processor, a policy associated with managing a transfer of money from at least one respective registered giver payment account to cover at least a portion of the gift cost; and
transferring the money from the at least one respective registered giver payment account according to the policy and at a second time which is later than the first time.
1 Assignment
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Accused Products
Abstract
Disclosed herein are systems, methods, and non-transitory computer-readable storage media for managing a group gift using a system in which a recipient (purchaser of the group gift) and givers have registered payment accounts with the system. The system displays, on a graphical user interface, at least the giver and the recipient to yield a proposed transfer configuration at a first time. A gift or a merchant can also be identified in the interface. Upon receiving a confirmation from at least one of the giver and the receiver of the proposed transfer configuration, the system establishes a money transfer policy that indicates that, upon detecting a qualifying purchase made using the recipient payment account, at least a portion of a transfer amount is applied to the recipient payment account from at least one giver account. The system simplifies the process of a group of people joining together to buy a gift.
66 Citations
20 Claims
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1. A method comprising:
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identifying, at a first time, a group of givers, each giver of the group of givers having a respective registered giver payment account, wherein each respective registered giver payment account is independent of other registered giver payment accounts of the group of givers, and wherein each respective registered giver payment account exists prior to the first time; identifying a gift having a gift cost; establishing, via a processor, a policy associated with managing a transfer of money from at least one respective registered giver payment account to cover at least a portion of the gift cost; and transferring the money from the at least one respective registered giver payment account according to the policy and at a second time which is later than the first time. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A system comprising:
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a processor; a memory storing instructions for controlling the processor to perform steps comprising; identifying, at a first time, a group of givers, each giver of the group of givers having a respective registered giver payment account, wherein each respective registered giver payment account is independent of other registered giver payment accounts of the group of givers, and wherein each respective registered giver payment account exists prior to the first time; identifying a gift having a gift cost; establishing, via a processor, a policy associated with managing a transfer of money from at least one respective registered giver payment account to cover at least a portion of the gift cost; and transferring the money from the at least one respective registered giver payment account according to the policy and at a second time which is later than the first time. - View Dependent Claims (15, 16, 17, 18)
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19. A non-transitory computer-readable storage medium storing instructions which, when executed by a computing device, cause the computing device to perform steps comprising:
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identifying, at a first time, a group of givers, each giver of the group of givers having a respective registered giver payment account, wherein each respective registered giver payment account is independent of other registered giver payment accounts of the group of givers, and wherein each respective registered giver payment account exists prior to the first time; identifying a gift having a gift cost; establishing, via a processor, a policy associated with managing a transfer of money from at least one respective registered giver payment account to cover at least a portion of the gift cost; and transferring the money from the at least one respective registered giver payment account according to the policy and at a second time which is later than the first time. - View Dependent Claims (20)
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Specification