System and method for preventing fraud in the secondary market for gift cards
First Claim
1. A method comprising:
- identifying an event associated with a prepaid gift account, the event being associated with a secondary market for reselling prepaid gift accounts, wherein the prepaid gift account has a verified initial balance that was established prior to the event;
based on the event, performing, via a processor, a reverification of the verified initial balance of the prepaid gift account to yield an updated balance; and
if the verification indicates that the updated balance is different from the verified initial balance, performing a type of a corrective action based on a difference between the updated balance and the verified initial balance.
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Accused Products
Abstract
Systems, methods, and computer-readable media for preventing and detecting fraud in the secondary gift card market are disclosed herein. An example system can identify an event associated with a prepaid gift account associated with a secondary market for reselling prepaid gift accounts, the prepaid gift account having a verified initial balance established prior to the event. Based on the event, the system can perform a reverification of the verified initial balance of the prepaid gift account to yield an updated balance. If the verification indicates that the updated balance is different from the verified initial balance, the system can perform a corrective action. The event can be receiving the prepaid gift account, listing the prepaid gift account for sale, transferring the prepaid gift account between parties, converting the prepaid gift account to a different form, an elevated fraud risk, a user request, a regular balance checking interval, or random selection.
87 Citations
20 Claims
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1. A method comprising:
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identifying an event associated with a prepaid gift account, the event being associated with a secondary market for reselling prepaid gift accounts, wherein the prepaid gift account has a verified initial balance that was established prior to the event; based on the event, performing, via a processor, a reverification of the verified initial balance of the prepaid gift account to yield an updated balance; and if the verification indicates that the updated balance is different from the verified initial balance, performing a type of a corrective action based on a difference between the updated balance and the verified initial balance. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A system comprising:
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a processor; and a computer-readable storage medium storing instructions which, when executed by the processor, cause the processor to perform operations comprising; identifying an event associated with a prepaid gift account, the event being associated with a secondary market for reselling prepaid gift accounts, wherein the prepaid gift account has a verified initial balance that was established prior to the event; based on the event, performing a reverification of the verified initial balance of the prepaid gift account to yield an updated balance; and if the verification indicates that the updated balance is different from the verified initial balance, performing a type of a corrective action based on a difference between the updated balance and the verified initial balance. - View Dependent Claims (14, 15, 16, 17, 18, 19)
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20. A computer-readable storage device storing instructions which, when executed by a processor, cause the processor to perform operations comprising:
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identifying an event associated with a prepaid gift account associated, the event being with a secondary market for reselling prepaid gift accounts, wherein the prepaid gift account has a verified initial balance that was established prior to the event; based on the event, performing a reverification of the verified initial balance of the prepaid gift account to yield an updated balance; and if the verification indicates that the updated balance is different from the verified initial balance, performing a type of a corrective action based on a difference between the updated balance and the verified initial balance.
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Specification