SYSTEM AND METHOD FOR PROCESSING GIFTS BETWEEN DIFFERENT EXCHANGE MEDIUMS
First Claim
1. A method comprising:
- receiving, via a processing device, a request to convert a first gift amount associated with a first recipient account and a first policy from a first medium of exchange to a second medium of exchange, wherein the first policy indicates when a first qualifying transaction using the first recipient according to the first medium of exchange account would trigger application of the first gift amount to the first qualifying transaction;
identifying a second recipient account associated with the second medium of exchange;
converting the first gift amount from the first medium of exchange to the second medium of exchange to yield a second gift amount; and
adapting the first policy to a second policy associated with the second gift amount and the second medium of exchange.
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Accused Products
Abstract
Disclosed herein are systems, methods, and non-transitory computer-readable storage media for creating a gift in one medium of exchange from stored value in another medium of exchange. The system accesses a first account representing stored value in a first medium of exchange, and chooses an amount of the stored value from the first medium of exchange. Then the system converts the amount of the stored value to a second medium of exchange to yield a converted amount, and gives the converted amount in the second medium of exchange to a recipient as a gift, wherein the gift is associated with a recipient account for the second medium of exchange, and wherein the gift is associated with a policy monitoring transactions made using the recipient account such that the converted amount is applied to a transaction satisfying conditions of the policy.
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Citations
20 Claims
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1. A method comprising:
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receiving, via a processing device, a request to convert a first gift amount associated with a first recipient account and a first policy from a first medium of exchange to a second medium of exchange, wherein the first policy indicates when a first qualifying transaction using the first recipient according to the first medium of exchange account would trigger application of the first gift amount to the first qualifying transaction; identifying a second recipient account associated with the second medium of exchange; converting the first gift amount from the first medium of exchange to the second medium of exchange to yield a second gift amount; and adapting the first policy to a second policy associated with the second gift amount and the second medium of exchange. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system comprising:
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a processing device; a memory having stored therein instructions which, when executed by the processing device, cause the processing device to; access a first account representing stored value in a first medium of exchange; choose an amount of the stored value from the first medium of exchange; convert the amount of the stored value to a second medium of exchange to yield a converted amount; and generate, for a recipient, a gift comprising a policy and the converted amount in the second medium of exchange, wherein the gift is associated with a recipient account for the second medium of exchange, and wherein the policy is associated with monitoring transactions made using the recipient account such that the converted amount is applied to a transaction satisfying conditions of the policy. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19)
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20. A non-transitory computer-readable storage medium having stored therein instructions which, when executed by a computing device, cause the computing device to perform a method comprising:
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accessing a first account representing stored value in a first medium of exchange; choosing an amount of the stored value from the first medium of exchange; converting the amount of the stored value to a second medium of exchange to yield a converted amount; and giving the converted amount in the second medium of exchange to a recipient as a gift, wherein the gift is associated with a recipient account for the second medium of exchange, and wherein the gift is associated with a policy monitoring transactions made using the recipient account such that the converted amount is applied to a transaction satisfying conditions of the policy.
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Specification