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US 2021/0241260 A1Published application
Systems and methods for conditionally gifting funds
OwnerJacob James Nicks, David Steven Sargentinventors
Life of this patent
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Abstract
Described herein are examples of gift card management systems that provide gift cards that must be activated prior to being used in a transaction. In some examples, a purchaser may be refunded some or all of a purchase price for the gift card when the gift card is not activated. In some examples, the activation may additionally include certain safeguards to prevent fraud.
Claims20
A method of conditionally gifting funds, comprising:
- issuing a gift card having a card identifier;
- associating the card identifier with an activation deadline in memory circuitry;
- determining, via processing circuitry, whether the activation deadline has passed;
- and
- in response to activating the gift card via a non-purchasing process and determining, via the processing circuitry, that the activation deadline has not passed, initiating, via communication circuitry, a transfer of funds from a first account to a second account of a financial system.
2 more elements
The method of claim 18, wherein the offer is contingent upon successful completion of an activity.
A system for conditionally gifting funds, comprising:
- a gift card database that associates a card identifier with an activation deadline and one or more activation requirements of a non-purchasing activation process;
- a computing system comprising:
- processing circuitry;
- and
- memory circuitry comprising machine readable instructions which, when executed by the processing circuitry, cause the processing circuitry to:
- receive one or more signals representative of an attempted activation of a gift card, the gift card being associated with the card identifier,
- determine whether the attempted activation satisfies the one or more activation requirements,
- determine whether the attempted activation occurred prior to the activation deadline, and
- activate the gift card in response to determining the attempted activation comprises the non-purchasing activation process, satisfies the one or more activation requirements, and occurred prior to the activation deadline, and
- initiate a transfer funds from a first account to a second account in response to activating the gift card.
7 more elements
Dependencies are inferred from the claim text.