MERCHANT CARD EXCHANGE FACILITATOR SYSTEM

• US 20160063483A1
• Filed: 08/07/2015
• Published: 03/03/2016
• Est. Priority Date: 09/02/2014
• Status: Active Grant

• Current Assignee: Cardswapper LLC
• Original Assignee: Cardswapper LLC
• Inventors: GULA, Bryan, TANNER, Samuel Makali'i Seto
• Granted Patent: US 10,185,951 B2
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 20/34 using cards, e.g. integrated circuit [IC] cards or magnetic cards
• CPC Class Codes: G06Q 20/3572 Multiple accounts on card
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

Systems and methods are provided for managing authorization and device configuration to facilitate the usage, sale and transfer of merchant cards in various manners that enable one or more authorized users to store information representative of one or more of such merchant cards in a user-specific mobile electronic wallet.

Claims

1. A merchant card exchange facilitator system, comprising:

one or more processors; and

at least one memory, the memory including instructions that, upon execution by at least one of the one or more processors, cause the system to;

receive one or more first electronic communications sent via one or more computer networks by a client computing device of a first user, wherein the received communications indicate a merchant card and card characteristics associated with the merchant card that include one or more card identifiers and a card balance, and wherein the card balance represents an amount of currency that is usable to purchase one or more products or services from a first merchant associated with the indicated merchant card;

validate, via one or more second electronic communications sent over the one or more computer networks, at least some of the indicated card characteristics, the validation of the at least some indicated card characteristics including verification of the card balance of the indicated merchant card;

based at least in part on the indicated card characteristics and on the validating, store card information for the indicated merchant card in association with the first user;

receive, via one or more third electronic communications sent over the one or more computer networks, a request from a second user to purchase the indicated merchant card from the first user, the request including an offer amount;

transmit, via one or more fourth electronic communications sent over the one or more computer networks and based at least in part on the request from the second user, an offer to purchase the indicated merchant card from the first user;

receive, via one or more fifth electronic communications sent over the one or more computer networks, an indication that the first user has authorized transfer of the indicated merchant card to the second user; and

based at least in part on the indicated authorization from the first user,

display one or more indications on a client computing device of the second user that the indicated merchant card has been transferred to the second user, and

associate with the second user stored card information for the indicated merchant card, wherein the stored card information includes the verified card balance.

2. The system of claim 1 wherein the instructions further cause the system to determine, based on one or more of an aggregated demand for merchant cards associated with the first merchant and an aggregated supply of merchant cards associated with the first merchant, an exchange rate for card balances of merchant cards associated with the first merchant.

3. The system of claim 2 wherein the request from the second user to purchase the indicated merchant card from the first user is based at least in part on the determined exchange rate for the associated first merchant.

4. A computer-implemented method, comprising:

receiving, by one or more computing systems configured to provide a merchant card exchange facilitator system, one or more first electronic communications sent via one or more computer networks by a client computing device of a first user, the received communications indicating a merchant card and card characteristics associated with the merchant card that include one or more card identifiers and a card balance, the card balance representing an amount of currency that is usable for making purchases from a specified merchant associated with the indicated merchant card;

based at least in part on the indicated card characteristics, storing, by the one or more configured computing systems, card information for the indicated merchant card in association with the first user;

receiving, by the one or more configured computing systems and via one or more second electronic communications sent over the one or more computer networks, an offer from a second user to purchase the indicated merchant card from the first user;

receiving, by the one or more configured computing systems via one or more third electronic communications sent over the one or more computer networks and based at least in part on the offer from the second user, an indication that the first user has authorized transfer of the indicated merchant card; and

based at least in part on the indication from the first user, associating, by the one or more configured computing systems, the stored card information for the indicated merchant card with the second user, the stored card information including the card balance.

5. The computer-implemented method of claim 4 wherein storing the card information for the indicated merchant card includes storing data representative of the indicated merchant card within an electronic wallet of the first user that is maintained for the first user by the merchant card exchange facilitator system, and wherein associating the stored card information for the indicated merchant card with the second user includes transferring the data representative of the indicated merchant card from the electronic wallet of the first user to an electronic wallet of the second user that is maintained for the second user by the merchant card exchange facilitator system.

6. The computer-implemented method of claim 4 further comprising, after the associating of the stored card information for the indicated merchant card with the second user, displaying at least one of the one or more associated card identifiers on a mobile device of the second user for use in purchasing one or more products or services from the specified merchant.

7. The computer-implemented method of claim 4, further comprising validating at least some of the indicated card characteristics via one or more additional electronic communications transmitted over the one or more computer networks between the one or more configured computing systems and a communications interface associated with the specified merchant, the validating of the at least some indicated card characteristics including verifying the card balance associated with the indicated merchant card.

8. The computer-implemented method of claim 4 wherein the first user and second user are part of a plurality of users of the merchant card exchange facilitator system, wherein the specified merchant is one of a plurality of merchants respectively associated with a plurality of merchant cards that are respectively associated with the plurality of users, and wherein the method further comprises determining, based on one or more of an aggregated demand for merchant cards associated with the specified merchant and an aggregated supply of merchant cards associated with the specified merchant, an exchange rate associated with the specified merchant.

9. The computer-implemented method of claim 8 further comprising, after the associating of the stored card information for the indicated merchant card with the second user, receiving a request from the second user to sell the indicated merchant card and, based at least in part on receiving the request, providing a monetary payment to the second user in an amount based on the card balance and on the determined exchange rate for the associated specified merchant, the provided payment including one or more of a monetary payment and a card balance associated with a second merchant other than the specified merchant.

10. The computer-implemented method of claim 8 wherein the offer from the second user to purchase the indicated merchant card from the first user is based at least in part on the determined exchange rate for the associated specified merchant.

11. The computer-implemented method of claim 4 further comprising, after the associating of the stored card information for the indicated merchant card with the second user, receiving an indication that a mobile device of the second user is within a predefined geographic proximity to a location associated with the specified merchant.

12. The computer-implemented method of claim 11 further comprising, based at least in part on the indication of geographic proximity and on the associating of the stored card information for the indicated merchant card with the second user, displaying promotional content associated with the specified merchant on the mobile device of the second user.

13. The computer-implemented method of claim 11 further comprising, based at least in part on the indication of geographic proximity and on the associating of the stored card information for the indicated merchant card with the second user, automatically displaying information related to the indicated merchant card on the mobile device of the second user.

14. The computer-implemented method of claim 4 wherein receiving the offer from the second user to purchase the indicated merchant card from the first user is based at least in part on search results provided by the merchant card exchange facilitator system in response to one or more criteria received from a client computing device of the second user.

15. A non-transitory computer-readable medium having stored contents that, when executed, configure one or more computing systems of a merchant card exchange facilitator system to:

receive, by the one or more configured computing systems, one or more first electronic communications sent via one or more computer networks by a client computing device of a first user, the received communications being indicative of a merchant card and card characteristics associated with the merchant card that include one or more card identifiers and a card balance, the card balance representing an amount of currency that is usable for making purchases from a specified merchant;

based at least in part on the indicated card characteristics, storing, by the one or more configured computing systems, card information representative of the indicated merchant card in association with an electronic wallet of the first user;

receiving, by the one or more configured computing systems and via one or more second electronic communications sent over the one or more computer networks, an offer from a second user to purchase the indicated merchant card from the first user;

receiving, by the one or more configured computing systems via one or more third electronic communications sent over the one or more computer networks and based at least in part on the offer from the second user, an indication that the first user has authorized transfer of the indicated merchant card; and

based at least in part on the indication from the first user, associating, by the one or more configured computing systems, the stored card information for the indicated merchant card with an electronic wallet of the second user.

16. The non-transitory computer-readable medium of claim 15 wherein the stored contents further configure the one or more computing systems to validate at least some of the indicated card characteristics via one or more additional electronic communications with a communications interface associated with the specified merchant, the validation of the at least some indicated card characteristics including verifying the card balance associated with the indicated merchant card.

17. The non-transitory computer-readable medium of claim 15 wherein the stored contents further configure the one or more computing systems to determine, based on one or more of an aggregated demand for merchant cards associated with the specified merchant and an aggregated supply of merchant cards associated with the specified merchant, an exchange rate for card balances of merchant cards associated with the specified merchant.

18. The non-transitory computer-readable medium of claim 15 wherein the stored contents further configure the one or more computing systems to, after the associating of the stored card information for the indicated merchant card with the second user, receive a request from the second user to sell the indicated merchant card and, based at least in part on receiving the request, provide a payment to the second user in an amount based on the card balance and on the determined exchange rate for the associated specified merchant, the provided payment comprising one or more of a monetary payment and a card balance associated with a second merchant distinct from the specified merchant.

19. The non-transitory computer-readable medium of claim 15 wherein the stored contents further configure the one or more computing systems to, based at least in part on the association of the indicated merchant card with the electronic wallet of the second user and on an indication from a mobile device of the second user that the mobile device is within a predefined geographic proximity of a location associated with the specified merchant, display promotional content associated with the specified merchant on the mobile device of the second user.

20. The non-transitory computer-readable medium of claim 15 wherein receiving the offer from the second user to purchase the indicated merchant card from the first user is based at least in part on search results provided by the merchant card exchange facilitator system in response to one or more criteria specified by the second user.

21. A computer-implemented method comprising:

receiving, by one or more computing systems configured to provide a merchant card exchange facilitator system, one or more first electronic communications sent via one or more computer networks by a client computing device of a first user, the received communications indicating a merchant card associated with the first user and card characteristics associated with the merchant card that include one or more card identifiers and a card balance, the card balance representing an amount of currency that is usable for making purchases from a specified merchant associated with the indicated merchant card;

receiving, by the one or more configured computing systems and via one or more second electronic communications sent over the one or more computer networks by a client computing device of a second user, information regarding an indicated transaction between the specified merchant and the second user, the indicated transaction being associated with a monetary transaction amount;

based at least in part on receiving the information regarding the indicated transaction, determining, by the one or more configured computing systems, to transfer at least a portion of the card balance of the indicated merchant card to the second user for use in completing the indicated transaction; and

providing, by the one or more configured computing systems and via one or more third electronic communications sent over the one or more computer networks to the client computing device of the second user, an indication that the at least a portion of the card balance of the indicated merchant card has been transferred to the second user.

22. The computer-implemented method of claim 21, further comprising, prior to receiving the information regarding the indicated transaction between the specified merchant and the second user, receiving an indication from the first user that the indicated merchant card is to be provided for sale at a discounted exchange rate, and wherein the determining to transfer at least a portion of the card balance to the second user includes selecting the indicated merchant card based at least in part on the discounted exchange rate.

23. The computer-implemented method of claim 21, wherein determining to transfer at least a portion of the card balance to the second user includes:

accessing a pool of multiple merchant cards associated with the specified merchant, each of the multiple merchant cards being associated with an exchange rate; and

selecting the indicated merchant card based at least in part on the exchange rate associated with the indicated merchant card.

24. The computer-implemented method of claim 21 wherein the monetary transaction amount associated with the indicated transaction exceeds the card balance of the indicated merchant card, and wherein the method further comprises determining to transfer to the second user at least a portion of one or more respective card balances associated with one or more additional merchant cards associated with the specified merchant for use in completing the indicated transaction.

25. The computer-implemented method of claim 21 wherein the monetary transaction amount associated with the indicated transaction is less than the card balance of the indicated merchant card, and wherein determining to transfer at least a portion of the card balance to the second user includes generating information for a new merchant card associated with the specified merchant for use by the second user.