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GIFT CARD EXCHANGE MARKETPLACE

  • US 20130254074A1
  • Filed: 03/22/2012
  • Published: 09/26/2013
  • Est. Priority Date: 03/22/2012
  • Status: Abandoned Application
First Claim
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1. An apparatus for providing a marketplace for gift card exchange, the apparatus comprising:

  • a computing platform including a memory and a processor in communication with the memory;

    a gift card exchange marketplace application stored in the memory, executable by the processor and configured to;

    receive a request from a gift card holder to exchange at least one first gift card issued by a first merchant, wherein the request includes gift card information;

    determine a balance amount remaining on the first gift card based on the gift card information;

    determine one or more gift card exchange options for the gift card holder, wherein each option includes at least one available second gift card issued by a merchant other than the first merchant and a balance amount remaining on the second gift card, wherein the options are determined based on the balance amount remaining on the first gift card and an exchange rate between the first gift card and the second gift card;

    receive a selection from the gift card holder of one of the options;

    in response to receiving the selection, validate that the balance amount remaining on the second gift card associated with the selected option is currently available; and

    in response to validating the balance amount on the second gift card, retaining redemption rights in the exchanged first card and communicating, to the gift card holder information, associated with the selected second gift card, which allows the gift card holder to redeem the selected second gift card.

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