System and method for processing financial transactions
DCFirst Claim
1. A method comprising:
- receiving, at a network-based service provider, data from a giver at a first time, the data being used to identify a merchant at which a gift from the giver to a recipient is redeemable, the giver having a giver payment account existing prior to the first time and the recipient having a recipient payment account existing prior to the first time;
transmitting, to a giver device, a group of merchants associated with the data, each merchant of the group of merchants offering a promotion in connection with the gift;
receiving from the giver a selection of a chosen merchant from the group of merchants, the chosen merchant having an associated promotion;
generating, via the network-based service provider, a policy comprising the gift, the chosen merchant, a gift credit, and the associated promotion, wherein the policy is at least in part giver-defined and wherein the policy is linked to the recipient payment account;
transmitting an electronic notice to a recipient device, the electronic notice indicating the policy, the gift, the gift credit, and that the policy is linked to the recipient payment account; and
upon receiving an indication of a triggering event caused by use of the recipient payment account at a second time which is later than the first time and as defined by the policy, transferring an amount of money from the giver payment account to the recipient payment account according to the gift credit to pay for the gift.
1 Assignment
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Accused Products
Abstract
Disclosed herein are systems, methods, and non-transitory computer-readable storage media for receiving data from a giver at a first time, the data being used to identify a merchant at which a gift from the giver to a recipient is redeemable. The system presents a group of merchants associated with the data to the giver, each merchant of the group of merchants offering a promotion in connection with the gift. The system receives from the giver a selection of a chosen merchant from the group of merchants, the chosen merchant having an associated promotion. The system then generates a policy comprising the gift, the chosen merchant, and the associated promotion such that upon receiving an indication of a triggering event caused by the recipient, the system can apply the gift and the associated promotion according to the policy.
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Citations
22 Claims
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1. A method comprising:
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receiving, at a network-based service provider, data from a giver at a first time, the data being used to identify a merchant at which a gift from the giver to a recipient is redeemable, the giver having a giver payment account existing prior to the first time and the recipient having a recipient payment account existing prior to the first time; transmitting, to a giver device, a group of merchants associated with the data, each merchant of the group of merchants offering a promotion in connection with the gift; receiving from the giver a selection of a chosen merchant from the group of merchants, the chosen merchant having an associated promotion; generating, via the network-based service provider, a policy comprising the gift, the chosen merchant, a gift credit, and the associated promotion, wherein the policy is at least in part giver-defined and wherein the policy is linked to the recipient payment account; transmitting an electronic notice to a recipient device, the electronic notice indicating the policy, the gift, the gift credit, and that the policy is linked to the recipient payment account; and upon receiving an indication of a triggering event caused by use of the recipient payment account at a second time which is later than the first time and as defined by the policy, transferring an amount of money from the giver payment account to the recipient payment account according to the gift credit to pay for the gift. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method comprising:
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receiving, at a network-based service provider, an identification of a giver of a gift having an associated gift credit and a recipient of the gift at a first time, wherein the giver is associated with a giver payment account existing prior to the first time, and the recipient is associated with a recipient payment account existing prior to the first time; associating a policy having a triggering event associated with the gift and an application of the gift credit to pay for the gift; determining, via a processor, whether the triggering event occurs according to the policy, the triggering event being associated with the recipient and occurring at a second time, which is later than the first time; if the triggering event occurs, transferring money from the giver payment account to the recipient payment account, according to the policy and the gift credit, to pay for the gift; and if the triggering event does not occur, not applying money received from the giver payment account to the gift. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A method comprising:
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receiving, at a network-based service provider, data from a giver regarding a giver payment account and a giver rewards program account; receiving, from the giver, an identification, at a first time, of a gift having a gift credit amount, a merchant and a gift credit recipient having a recipient payment account that is independent of the giver payment account; establishing a policy associated with monitoring a triggering event associated with use of the recipient payment account at the merchant; and providing a benefit to the giver via the giver rewards program account based on the triggering event, wherein the benefit comprises transferring at least part of the gift credit amount from the giver payment account after the triggering event. - View Dependent Claims (22)
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Specification