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System and method for chopping up and processing gift cards

  • US 9,336,521 B2
  • Filed: 04/23/2015
  • Issued: 05/10/2016
  • Est. Priority Date: 02/09/2009
  • Status: Active Grant
First Claim
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1. A method comprising:

  • purchasing a closed loop account having a value amount;

    creating, via a processor of a computing device, a first closed loop account and a second closed loop account;

    transferring a first portion of the value amount from the closed loop account to the first closed loop account;

    transferring a second portion of the value amount from the closed loop account to the second closed loop account; and

    offering one of the first closed loop account and the second closed loop account for sale to a second user.

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