System and method for facilitating a purchase transaction via a merchant's foreign website
AssigneeBlackhawk Network, Inc.
InventorsAndrew Bennett, David Tate
Life of this patent
Estimating the term…
Abstract
A computer implemented system and method for facilitating a consumer's purchase transaction via a merchant's foreign website utilizes a stored value card transformation computer to convert a stored value card to a different denomination for utilization in another country. An exchange computer retrieves a value rate to calculate the currency different and a time-limited quote is generated which may be transformed into active stored credit in the selected denomination.
Claims26
A computer implemented method for facilitating a consumer's purchase transaction via a merchant's foreign website comprising:
- receiving in a stored value card transformation computer, an input credit value from a stored value card, an input denomination and an output denomination, from a user interface;
- applying the input denomination and the output denomination to an exchange computer to retrieve a value rate from an exchange datastore, and combining the value rate with an expiration time to generate a time-limited exchange multiplier;
- applying the time-limited exchange multiplier to the input credit value to transform the input credit value into time-limited stored credit in the output denomination;
- retrieving a value balance of the stored value card from a card issuer's authorization system;
- transmitting a hold signal to the card issuer's authorization system;
- transmitting a devaluation request to the card issuer's authorization system;
- receiving a response from the card issuer's authorization system;
- and
- transforming the time-limited stored credit into active stored credit.
A computing apparatus for facilitating a consumer's purchase transaction via a merchant's foreign website, the computing apparatus comprising:
- a processor;
- and
- a memory storing instructions that, when executed by the processor, configure the apparatus to:
- receive in a stored value card transformation computer, an input credit value from a stored value card, an input denomination and an output denomination, from a user interface;
- apply the input denomination and the output denomination to an exchange computer to retrieve a value rate from an exchange datastore, and combining the value rate with an expiration time to generate a time-limited exchange multiplier;
- apply the time-limited exchange multiplier to the input credit value to transform the input credit value into time-limited stored credit in the output denomination;
- retrieve a value balance of the stored value card from a card issuer's authorization system;
- transmit a hold signal to the card issuer's authorization system;
- transmit a devaluation request to the card issuer's authorization system;
- receive a response from the card issuer's authorization system;
- and
- transform the time-limited stored credit into active stored credit.
Dependencies are inferred from the claim text.