Patent ID: 11928654
Assignee: VISA INTERNATIONAL SERVICE ASSOCIATION
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 12:
13. A system that converts a value on a gift card held by a user and associated with a merchant to a restricted use value on associated with an open loop card, the system comprising:
a processor;
a memory coupled to the processor, the memory storing executable instructions and a redemption rule restricting application of the restricted use value associated with the open loop card to the merchant;
a first network interface coupled to an issuer processor associated with an issuer of the gift card, the first network interface being programmed via an application program interface (API) to check a validity of the gift card and a remaining value on the gift card via a query message to the issuer processor, the first network interface being further programmed via the API to receive from the issuer processor a response to the query message indicating the validity of the gift card and the remaining value associated with the gift card;
a second network interface coupled to a public network and supplying one or more web pages for receiving a request to convert the remaining value of the gift card to the restricted use value associated with the open loop card;
the first network interface being further programmed to transfer the remaining value of the gift card to the restricted use value associated with open loop card and associate the restricted use value with a personal account number (PAN) of the open loop card;
a third network interface coupled to a transaction processing system, the third network interface programmed to receive transaction data for a plurality of transactions from the transaction processing system and to send to the transaction processing system a credit transaction based on a first transaction of the plurality of transaction being associated with the PAN and satisfying the redemption rule; and
a logic unit configured to determine, based on the transaction data, that the first transaction is associated with the PAN and satisfies the redemption rule, wherein the logic unit comprises a parser that separates transaction data into individual data elements.