SYSTEM AND METHOD FOR PROCESSING FINANCIAL TRANSACTIONS
First Claim
1. A method comprising:
- 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 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;
presenting 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;
receiving from the giver a selection of a chosen merchant from the group of merchants, the chosen merchant having an associated promotion;
generating a policy comprising the gift, the chosen merchant, 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; 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, applying an amount of money to the gift.
1 Assignment
0 Petitions
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.
18 Citations
22 Claims
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1. A method comprising:
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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 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; presenting 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; receiving from the giver a selection of a chosen merchant from the group of merchants, the chosen merchant having an associated promotion; generating a policy comprising the gift, the chosen merchant, 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; 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, applying an amount of money to 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 an identification of a giver of a gift card 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; 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; and if the triggering event occurs, 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 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 card amount, a merchant and a gift card 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. - View Dependent Claims (22)
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Specification