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Method and system for transferring stored value

  • US 20030055780A1
  • Filed: 09/18/2001
  • Published: 03/20/2003
  • Est. Priority Date: 09/18/2001
  • Status: Active Grant
First Claim
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1. A method for transferring value from a value provider, the method comprising:

  • receiving a request initiated by a value owner to transfer value from the value provider to a recipient in a converted form;

    receiving the value from the value provider with an exchange provider, the exchange provider including a processor configured for conversion of the value into the converted form;

    converting the received value with the processor of the exchange provider to the converted form; and

    transmitting the converted value from the exchange provider to the recipient.

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