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System for brand name gift card exchange

a gift card exchange and brand name technology, applied in the field of electronic commerce, can solve the problems of gift cards causing a “burning hole” in the pocket of consumers, and unwelcome trips by consumers

Inactive Publication Date: 2008-07-03
GUSLER CARL PHILLIP +3
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

In many instances, these gift cards tend to “burn a hole” in the pocket of the consumer, as the consumer looks for a way to use the card, whether or not the consumer needs or desires anything from those particular stores.
Furthermore, if these cards are redeemed for cash, they are typically redeemed at the store of the card issuer, necessitating an unwanted trip by the consumer.

Method used

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  • System for brand name gift card exchange
  • System for brand name gift card exchange
  • System for brand name gift card exchange

Examples

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Embodiment Construction

[0009]In the following discussion, numerous specific details are set forth to provide a thorough understanding of the present invention. However, those skilled in the art will appreciate that the present invention my be practices without such specific details. In other instances, well-known elements have been illustrated in schematic or block diagram form in order not to obscure the present invention in unnecessary detail. Additionally, for the most part, details concerning network communications, electro-magnetic signaling techniques, and the like, have been omitted inasmuch as such details are not considered necessary to obtain a complete understanding of the present invention, and are considered to be within the understanding of persons of ordinary skill in the relevant art.

[0010]In the remainder of this description, a processing unit (PU) may be a sole processor of computations in a device. In such a situation, the PU is typically referred to as an MPU (main processing unit). Th...

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PUM

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Abstract

The present invention provides for exchanging a gift card. Data associated with a first gift card is provided. The data associated with the first gift card is validated. With a money rebate associated with the first gift card, or a second gift card is selected. The first gift card is exchanged for either a money or the second gift card. An exchange fee is generated by both the vendor associated with the gift card and the company performing the exchange.

Description

CROSS-REFERENCE TO RELATED APPLICATIONS[0001]This application is a continuation of, and claims the benefit of the filing date of, co-pending U.S. patent application Ser. No. 10 / 821,134 entitled SYSTEM AND METHOD FOR BRAND NAME GIFT CARD EXCHANGE, filed Apr. 8, 2004.TECHNICAL FIELD[0002]The present invention relates generally to electronic commerce and, more particularly, to the exchange of gift cards.BACKGROUND[0003]Many consumers have received gift cards, also known as gift certificates, from different stores, especially franchises, for Christmas, birthdays, anniversaries, and so forth. Sometimes these gift cards are welcome, and sometimes they are for stores and shopping boutiques that the recipient / consumer does not wish to frequent. In many instances, these gift cards tend to “burn a hole” in the pocket of the consumer, as the consumer looks for a way to use the card, whether or not the consumer needs or desires anything from those particular stores. Furthermore, if these cards ...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): G06Q30/00G06Q10/00
CPCG06Q10/02G06Q30/0207G06Q30/0601G06Q30/0234G06Q30/0237G06Q30/0225
Inventor GUSLER, CARL PHILLIPHAMILTON, RICK ALLENLIPTON, STEVEN JAYWATERS, TIMOTHY MOFFETT
Owner GUSLER CARL PHILLIP
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