System and method for determining appropriate redemption presentations for a virtual token associated with a stored value account
a virtual token and storage value technology, applied in the field of system and method for determining appropriate, can solve problems such as occupying spa
Inactive Publication Date: 2015-08-06
QUALCOMM INC
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- Abstract
- Description
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- Application Information
AI Technical Summary
Benefits of technology
Enhances transaction flexibility and convenience by allowing virtual token holders to manage stored value accounts on mobile devices, providing merchants with user identity and location information for targeted offers, and optimizing redemption presentations based on merchant preferences.
Problems solved by technology
A problem with this conventional token is that a merchant or a service provider associated with the stored value account (e.g., a gift card account) usually does not know the identity of the person who may use the token to redeem its value from the stored value account.
Another problem with conventional physical tokens is that they require space and usually must be carried in some form of carrier, like a wallet or a purse.
Method used
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[0044]The word “exemplary” is used herein to mean “serving as an example, instance, or illustration.” Any aspect described herein as “exemplary” is not necessarily to be construed as preferred or advantageous over other aspects.
[0045]In this description, the term “application” may also include files having executable content, such as: object code, scripts, byte code, markup language files, and patches. In addition, an “application” referred to herein, may also include files that are not executable in nature, such as documents that may need to be opened or other data files that need to be accessed.
[0046]In this description, the terms “communication device,”“wireless device,”“wireless telephone,”“wireless communication device,” and “wireless handset” are used interchangeably. With the advent of third generation (“3G”) wireless technology, greater bandwidth availability has enabled more electronic devices with a greater variety of wireless capabilities. Therefore, a wireless device cou...
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A method for determining an appropriate redemption presentation for a virtual token associated with a stored value account is disclosed. The method may include receiving a request for presenting a redemption presentation of a virtual token and obtaining a merchant identifier associated with the request. The method may further include determining if the request is for one of an on-line transaction and a transaction with a point-of-sale terminal, and if the request is for a transaction with a point-of-sale terminal, then searching a database using the merchant identifier to find one or more redemption presentations of virtual token preferred by a merchant. Subsequently, the one or more redemption presentations of the virtual token may be transmitted over a computer network to a client device.
Description
CROSS-REFERENCE AND PRIORITY CLAIM TO RELATED APPLICATION[0001]This patent application claims priority under 35 U.S.C. §119(e) to U.S. Provisional Patent Application Ser. No. 61 / 311,623, Filed Mar. 8, 2010, entitled, “SYSTEM AND METHOD FOR DETERMINING APPROPRIATE REDEMPTION PRESENTATIONS FOR A VIRTUAL TOKEN ASSOCIATED WITH A STORED VALUE ACCOUNT,” the entire contents of which are hereby incorporated by reference.DESCRIPTION OF THE RELATED ART[0002]Traditionally, physical tokens are issued by providers of stored value accounts. These tokens usually take the form of plastic cards which bear a primary account number associated with a stored value account that may be accessed with the token. One common conventional token is the traditional gift card that may be issued by a merchant. A problem with this conventional token is that a merchant or a service provider associated with the stored value account (e.g., a gift card account) usually does not know the identity of the person who may u...
Claims
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IPC IPC(8): G06Q20/32
CPCG06Q20/045G06Q20/20G06Q20/32G06Q40/02G06Q30/02G06Q30/06G06Q20/3274G06Q20/3263G06Q20/3265G06Q20/36
Inventor YOUNG, FRANK T.DESSERT, ROBERT L.ACKERMAN, BEN D.DELAINE, GWENAEL B.DORMAN, LINDSEY K.KRAAR, ERIC R.OSEI, AIDOOCOCHRAN, KYLESMITH, STEVEN M.
Owner QUALCOMM INC