Closed loop stored value instrument brokerage system, method and computer program product

Abstract

Embodiments of the present invention provide a method, system and computer program product for a closed loop stored value instrument brokerage. In an embodiment of the invention, a method for brokering a closed loop stored value instrument can include receiving a request in brokerage logic executing in memory by at least one processor of a computer. The request can include a request to broker a payment of a sale price for an item purchased from a selling merchant with a closed loop stored value instrument issued by a separate originating merchant. In response to the receipt of the request, the originating merchant can be directed to debit the closed loop stored value instrument in an amount equivalent to the sale price. Thereafter, payment to the selling merchant can be transferred in an amount less than the sale price.

Dependencies are inferred from the claim text.