Patent ID: 8751294
Filing Date: 2014-06-10
Classification: G06Q

Abstract:
1. A method performed by one or more computing devices of a first party, comprising the computer-implemented steps of: while owning, by the first party, a closed-loop stored-value instrument that has a positive current balance that has been issued by a particular merchant, wherein the particular merchant is different than the first party: in response to receiving the input, providing by the one or more computing devices of the first party to the particular merchant an identifier of the closed-loop stored-value instrument as value for a first portion of the particular amount, wherein the first portion is based on the current balance of the closed-loop stored-value instrument; and receiving payment at the one or more computing devices of the first party from the user in exchange for the first party providing the particular merchant the identifier of the closed-loop stored-value; and wherein the first party provides a gift card exchange service.