Prepaid Card Exchange Systems and Associated Methods
AssigneeCardpool, Inc.
InventorJason Friedlander
Life of this patent
Estimating the term…
Abstract
The present disclosure is directed to gift card exchange kiosks, servers, and other systems, and associated methods of use. Particular portions of the present disclosure are directed to preventing misuse of gift card exchanges by consumers at kiosks. In some embodiments, for example, a first gift card is received from a consumer at a kiosk. A cash voucher is dispensed to the consumer in exchange for the first gift card. An exchange server drains the face value from the first gift card to prevent future use by the consumer and uses the face value to purchase a second gift card. The second gift card can then be sold by the kiosk and/or kiosk operator for value.
Claims28
A computer-implemented method for operating a consumer operated kiosk performed by a data processing device executing instructions stored on a non-transitory computer-readable medium, the instructions when executed cause the data processing device to perform the method comprising:
- receiving a first payment instrument identifier from a consumer at the kiosk, wherein the first payment instrument identifier is associated with a first payment instrument;
- determining a value associated with the first payment instrument identifier;
- determining an offer price for purchasing the first payment instrument from the consumer, wherein the offer price is determined based on anticipated demand for the first payment instrument, a face value of the first payment instrument, an expiration date, a projected resale value, or combinations thereof;
- presenting the offer price to the consumer at the kiosk;
- receiving, via the kiosk, acceptance of the offer price from the consumer;
- redeeming the value associated with the first payment instrument identifier, wherein redeeming comprises removing the value associated with the first payment identifier;
- and
- purchasing a second payment instrument with at least a portion of the redeemed value associated with the first payment instrument identifier.
At least one tangible, computer-readable medium comprising non-transitory instructions that, when the instructions are executed by at least one data processing device, causes a computer to perform a method comprising:
- receiving a card identifier, wherein the card identifier is associated with a first card having a redeemable value;
- determining an offer value to purchase the first card;
- causing the offer value to be presented to a card holder, wherein the offer value is determined based on anticipated demand for the first card, a face value of the first card, an expiration date, a projected resale value, or combinations thereof;
- receiving acceptance of the offer value;
- and
- redeeming the value associated with the card identifier, wherein redeeming comprises removing the value associated with the card identifier.
At least one tangible, computer-readable medium comprising non-transitory instructions that, when the instructions are executed by at least one data processing device, causes a gift card exchange system to perform a method for preventing a fraudulent gift card transaction, the method comprising:
- prompting, at a kiosk, a consumer to provide a gift card identifier and contact information during a gift card exchange transaction, wherein the gift card identifier is associated with a gift card, and wherein the contact information is associated with the consumer;
- associating a code with the gift card exchange transaction;
- sending a message to the consumer via the contact information, wherein the message includes at least a portion of the code;
- requesting the consumer enter information associated with the code at the kiosk;
- in response to requesting the consumer to enter the information associated with the code, receiving information from the consumer;
- determining whether the information received from the consumer matches the information requested from the consumer;
- and
- at least partially in response to determining that the information received from the consumer matches the information requested from the consumer:
- purchasing the gift card from the consumer, and
- adding at least the contact information to a list of gift card exchange transactions.
Dependencies are inferred from the claim text.