SYSTEM AND METHOD FOR TRANSFERRING REDEMPTION RIGHTS TO GIFT CARDS

• US 20120150743A1
• Filed: 09/19/2011
• Published: 06/14/2012
• Est. Priority Date: 12/14/2010
• Status: Abandoned Application

• Current Assignee: Moneyhoney LLC
• Original Assignee: Moneyhoney LLC
• Inventors: DURHAM, Ryan Connell, ISAACSON, Thomas M.
• Application Number:
  US13/235,798
• Publication Number:
  US 20120150743A1
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 10/101 Collaborative creation, e.g. joint development of products or services
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/351 Virtual cards
• CPC Class Codes: G06Q 20/384 using social networks
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 50/01 Social networking

Abstract

Disclosed herein are systems, methods, and non-transitory computer-readable storage media for managing regifting of a group gift wherein a recipient or purchaser of the gift and givers are all registered with the system using their payment accounts in advance and a policy manages money transfers for the gift. The system identifies a recipient and a recipient payment account associated with the policy that provides that upon detecting a qualifying transaction using the recipient payment account, a gift amount is transferred to the recipient payment account. The system receives a request to modify the policy based on identification of a new recipient and identifies an associated new recipient payment account. In response to the request, the system modifies the policy such that at least a portion of the gift amount is transferred to the new recipient account upon detecting the qualifying transaction using the new recipient account.

Claims

1. A method comprising:

identifying a recipient and a recipient payment account associated with a policy established at a first time, wherein;

the policy provides that when a qualifying transaction using the recipient payment account is detected, a gift amount is transferred to the recipient payment account;

a giver of the gift amount is associated with a giver payment account;

the giver payment account and the recipient payment account each existed prior to the first time; and

the giver payment account is independent of the recipient payment account;

receiving a request to modify the policy based on an identification of a new recipient;

identifying a new recipient payment account associated with the new recipient; and

in response to the request, modifying the policy such that at least a portion of the gift amount is transferred to the new recipient account upon detecting the qualifying transaction using the new recipient account.

2. The method of claim 1, wherein the portion of the gift amount is user-selectable.

3. The method of claim 1, wherein modifying the policy comprises removing the recipient from the policy.

4. The method of claim 1, wherein the recipient remains associated with the policy.

5. The method of claim 1, further comprising sending notifications of modifying the policy to at least one of the recipient and the new recipient.

6. The method of claim 1, wherein the request originates from an authorized person.

7. The method of claim 6, wherein the authorized person comprises at least one of the recipient, the giver, and the new recipient.

8. The method of claim 1, wherein the new recipient must approve the request prior to the policy being modified.

9. The method of claim 1, wherein the recipient can choose a size of the portion of the gift amount.

10. The method of claim 1, wherein modifying the policy comprises merging two policies.

11. The method of claim 1, wherein modifying the policy further comprises automatically modifying the policy based on a triggering event.

12. The method of claim 1, wherein the new recipient is the giver.

13. A system comprising:

a processor;

a non-transitory computer readable storage medium storing instructions for controlling the processor to perform steps comprising;

identifying a recipient and a recipient payment account associated with a policy established at a first time, wherein;

the policy provides that when a qualifying transaction using the recipient payment account is detected, a gift amount is transferred to the recipient payment account;

a giver of the gift amount is associated with a giver payment account;

the giver payment account and the recipient payment account each existed prior to the first time; and

the giver payment account is independent of the recipient payment account;

receiving a request to modify the policy based on an identification of a new recipient;

identifying a new recipient payment account associated with the new recipient; and

in response to the request, modifying the policy such that at least a portion of the gift amount is transferred to the new recipient account upon detecting the qualifying transaction using the new recipient account.

14. The system of claim 13, wherein the request originates from an authorized person.

15. The system of claim 14, wherein the authorized person comprises at least one of the recipient, the giver, and the new recipient.

16. The system of claim 13, wherein the new recipient must approve the request prior to the policy being modified.

17. The system of claim 13, wherein the recipient can choose a size of the portion of the gift amount.

18. The system of claim 13, wherein modifying the policy comprises merging two policies.

19. The system of claim 13, wherein modifying the policy further comprises automatically modifying the policy based on a triggering event.

20. The system of claim 13, wherein the new recipient is the giver.

21. A non-transitory computer readable storage medium storing instructions for controlling a processor to perform steps comprising:

identifying a recipient and a recipient payment account associated with a policy established at a first time, wherein;

the policy provides that when a qualifying transaction using the recipient payment account is detected, a gift amount is transferred to the recipient payment account;

a giver of the gift amount is associated with a giver payment account;

the giver payment account and the recipient payment account each existed prior to the first time; and

the giver payment account is independent of the recipient payment account;

receiving a request to modify the policy based on an identification of a new recipient;

identifying a new recipient payment account associated with the new recipient; and

in response to the request, modifying the policy such that at least a portion of the gift amount is transferred to the new recipient account upon detecting the qualifying transaction using the new recipient account.