Method and system for multiuse redemption cards

• US 8,843,407 B2
• Filed: 01/09/2012
• Issued: 09/23/2014
• Est. Priority Date: 06/05/2008
• Status: Active Grant

• Current Assignee: Edwin Tan
• Original Assignee: Sky Castle Global Limited
• Inventors: Tan, Edwin
• Primary Examiner(s): Liu, Marissa
• Application Number:
  US13/346,661
• Publication Number:
  US 20120116966A1
• Time in Patent Office: 988 Days
• Field of Search: 705 1- 99, 235 1- 50, 709 1- 90
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/348 Single-use cards, i.e. without possibility of recharging
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A multiuse redemption card enables a purchaser to provide the multiuse redemption card to a recipient for a defined amount and delay payment until the recipient uses the redemption card. The delayed payment can be incremental up to the defined amount so that the recipient can use the card multiple times.

Claims

1. A method for providing a card suitable for multiuse redemption events, the method comprising:

receiving payment information for a multiuse redemption card redeemable multiple times up to a defined monetary value;

associating, using a processor, the payment information with the multiuse redemption card having the defined monetary value;

activating, using the processor, the multiuse redemption card by determining an identifier associated with the multiuse redemption card and transmitting the identifier to a server where a data structure is updated to reflect the multiuse redemption card is activated;

presenting the identifier to a purchaser to allow the purchaser to determine the status of the multiuse redemption card;

receiving, from one or more point of sale terminals, a plurality of redemption requests associated with the multiuse redemption card having the defined monetary value, each specific redemption request corresponding to a specific monetary value;

when the multiuse redemption card is active, for each specific redemption request of the plurality of redemption requests;

at the time of the specific redemption request, processing a specific delayed payment using the payment information;

wherein the specific delayed payment satisfies the specific monetary value of the specific redemption request, up to a remaining monetary balance on the multiuse redemption card;

tracking, using the processor, each successful specific delayed payment to determine the remaining monetary balance; and

deactivating, using the processor, the multiuse redemption card by updating the data structure when the remaining monetary balance is equal to or less than a zero monetary value.

2. The method of claim 1, wherein the payment information corresponds to a checking account or a credit card associated with a requestor making the request for the multiuse redemption card having the defined monetary value.

3. The method of claim 1, further including:

when activating the multiuse redemption card having the defined monetary value, processing a service charge via the payment information.

4. The method of claim 1, further including:

in conjunction with at least a first redemption request, processing a service charge via the payment information.

5. The method of claim 1, further comprising:

receiving a request over a network to view the status of the multiuse redemption card; and

displaying the status of the multiuse redemption card.

6. The method of claim 1, further including:

setting one or more expiration conditions for the multiuse redemption card; and

deactivating the multiuse redemption card when the one or more expiration conditions are met.

7. The method of claim 6, further including:

refunding the remaining monetary balance, if any, upon deactivating the multiuse redemption card.

8. The method of claim 1, further including:

receiving, through a web-based control panel, identifying information regarding a recipient of the multiuse redemption card to allow the purchaser to determine the status of the multiuse redemption card given as a gift to the recipient.

9. The method of claim 1, wherein presenting the identifier to the purchaser includes generating a machine-readable code representing the identifier.

10. The method of claim 1, wherein the identifier includes an alphanumeric sequence of characters.

11. The method of claim 1, wherein the data structure includes one or more of an identifier field, an activation field, a text description field, a data of sale field, a date of activation field, a date of use field, or a remaining value field.