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System and method for chopping up and processing gift cards

  • US 9,016,567 B2
  • Filed: 03/27/2014
  • Issued: 04/28/2015
  • Est. Priority Date: 02/09/2009
  • Status: Active Grant
First Claim
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1. A method comprising:

  • receiving a request from a user to convert a closed-loop card/code having a value amount into two different closed-loop cards/codes;

    paying an amount of money to the user for the closed loop card/code;

    dividing the closed-loop card/code into a first closed-loop card/code having a first value amount and a second closed-loop card/code having a second value amount, wherein the first value amount and the second value amount add up to no more than the value amount; and

    offering one of the first closed-loop card/code at the first value amount and the second closed-loop card/code at the second value amount for sale to a second user.

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