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US 2017/0255946 A1Published application
System and method for conducting a gift value transaction
AssigneePaypal, Inc.
InventorsGeorge Lee, Hugo Olliphant
Life of this patent
Estimating the term…
Abstract
A system and method for conducting a gift value transaction is described herein. The method includes receiving a request for payment for a gift, wherein the request includes buyer-imposed conditions on use of the gift; notifying a gift recipient of the gift; and tracking the gift recipient's account balances at the different merchants with the buyer-imposed conditions.
Claims20
A system comprising:
- a non-transitory memory storing instructions;
- a processor configured to execute the instructions to cause the system to:
- receive, over a first network connection, a gift purchase request for a purchase of a gift having one or more assigned attributes that designate one or more items and at least one merchant for use in acquiring the gift and a gift purchase request amount;
- process gift purchase information provided in the gift purchase request, the gift purchase information including user account information and merchant information corresponding to the at least one merchant used in the acquiring of the gift;
- deduct an amount from a holding account associated with the user account information, the amount corresponding to the gift purchase request amount;
- and
- distribute the amount upon acceptance of the gift to the merchant for use to purchase the gift.
4 more elements
A method comprising:
- receiving, over a first network connection, a gift purchase request for a purchase of a gift having one or more assigned attributes that designate one or more items and at least one merchant for use in acquiring the gift and a gift purchase request amount;
- processing gift purchase information provided in the gift purchase request, the gift purchase information including user account information and merchant information corresponding to the at least one merchant used in the acquiring of the gift;
- deducting an amount from a holding account associated with the user account information, the amount corresponding to the gift purchase request amount;
- and
- distributing the amount upon acceptance of the gift to the merchant for use to purchase the gift.
2 more elements
A non-transitory machine-readable medium having instructions stored thereon, the instructions executable to causes performance of operations comprising:
- receiving, over a first network connection, a gift purchase request for a purchase of a gift having one or more assigned attributes that designate one or more items and at least one merchant for use in acquiring the gift and a gift purchase request amount;
- processing gift purchase information provided in the gift purchase request, the gift purchase information including user account information and merchant information corresponding to the at least one merchant used in the acquiring of the gift;
- deducting an amount from a holding account associated with the user account information, the amount corresponding to the gift purchase request amount;
- and
- distributing the amount upon acceptance of the gift to the merchant for use to purchase the gift.
2 more elements
Dependencies are inferred from the claim text.