System and method for preventing fraud by generating new prepaid gift accounts
First Claim
1. A method comprising:
- identifying a first prepaid gift account associated with a first prepaid gift;
presenting an owner of the first prepaid gift with an offer to purchase the first prepaid gift account associated with the first prepaid gift for an offer amount;
receiving from the owner an acceptance of the offer; and
based on the acceptance;
providing payment to the owner for the first prepaid gift account associated with the first prepaid gift;
generating a second prepaid gift account for a second prepaid gift;
transferring at least a portion of funds from the first prepaid gift account associated with the first prepaid gift to the second prepaid gift account;
deactivating the first prepaid gift account associated with the first prepaid gift; and
offering the second prepaid gift account for resale as a new prepaid gift to a person other than the owner.
2 Assignments
0 Petitions
Accused Products
Abstract
Systems, methods, and computer-readable media for preventing fraud when exchanging prepaid gift accounts. The system identifies a first prepaid gift account associated with a first prepaid gift. The system then presents an owner of the first prepaid gift with an offer to purchase the first prepaid gift account for an offer amount. Next, the system receives from the owner an acceptance of the offer. Based on the acceptance, the system provides payment to the owner for the first prepaid gift account, generates a second prepaid gift account for a second prepaid gift, transfers at least a portion of funds from the first prepaid gift account to the second prepaid gift account, deactivates the first prepaid gift account, and offers the second prepaid gift account for resale as a new prepaid gift to a person other than the owner.
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Citations
27 Claims
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1. A method comprising:
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identifying a first prepaid gift account associated with a first prepaid gift; presenting an owner of the first prepaid gift with an offer to purchase the first prepaid gift account associated with the first prepaid gift for an offer amount; receiving from the owner an acceptance of the offer; and based on the acceptance; providing payment to the owner for the first prepaid gift account associated with the first prepaid gift; generating a second prepaid gift account for a second prepaid gift; transferring at least a portion of funds from the first prepaid gift account associated with the first prepaid gift to the second prepaid gift account; deactivating the first prepaid gift account associated with the first prepaid gift; and offering the second prepaid gift account for resale as a new prepaid gift to a person other than the owner. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A system comprising:
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a processor; and a non-transitory memory storing instructions which, when executed by the processor, cause the processor to perform a method comprising; identifying a first prepaid gift account associated with a first prepaid gift; presenting an owner of the first prepaid gift account associated with the first prepaid gift with an offer to purchase the first prepaid gift account associated with the first prepaid gift for an offer amount; receiving from the owner an acceptance of the offer; and based on the acceptance; providing payment to the owner for the first prepaid gift account associated with the first prepaid gift; generating a second prepaid gift account associated with a second prepaid gift; transferring at least a portion of funds from the first prepaid gift account associated with the first prepaid gift to the second prepaid gift account; deactivating the first prepaid gift account associated with the first prepaid gift; and offering the second prepaid gift account for resale as a new prepaid gift to a person other than the owner. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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19. A non-transitory computer readable medium having stored therein instructions which, when executed by a processor, cause the processor to perform a method comprising:
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identifying a first prepaid gift account associated with a first prepaid gift; presenting an owner of the first prepaid gift with an offer to purchase the first prepaid gift account associated with the first prepaid gift for an offer amount; receiving from the owner an acceptance of the offer; and based on the acceptance; providing payment to the owner for the first prepaid gift account associated with the first prepaid gift; generating a second prepaid gift account for a second prepaid gift; transferring at least a portion of funds from the first prepaid gift account associated with first prepaid gift to the second prepaid gift account; deactivating the first prepaid gift account associated with the first prepaid gift; and offering the second prepaid gift account for resale as a new prepaid gift to a person other than the owner. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26, 27)
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Specification