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

Claim 17:
18. A computer-implemented method of converting gift card value to restricted open loop card value, the method comprising:
receiving, at a network interface of a monitor, a request to convert a value of a gift card;
sending, via an application program interface (API) of the monitor, a query message to an issuer processor associated with an issuer of the gift card via to check a validity of the gift card and a remaining value of the gift card, wherein the API of the monitor is between the monitor and issuer processor;
receiving at the monitor, via the API of the monitor, a response to the query message indicating the validity of the gift card and the remaining value of the gift card;
receiving, at the network interface of the monitor, a selection of an open loop card for associating with the remaining value of the gift card;
transferring the remaining value of the gift card to value in an account associated with a personal account number (PAN) of the selected open loop card;
setting, by a logic unit of the monitor, a rule restricting an application of the value in the account to one of a merchant or brand;
evaluating, by the logic unit of the monitor, all transactions using the PAN for a transaction satisfying the rule; and
applying, by the logic unit of the monitor, at least a portion of the value in the account to the transaction satisfying the rule.