Patent ID: 8843407

Claim:
A method for providing a card suitable for multiuse redemption events, the method comprising: receiving payment information for a multiuse redemption card redeemable multiple times up to a defined monetary value; associating, using a processor, the payment information with the multiuse redemption card having the defined monetary value; activating, using the processor, the multiuse redemption card by determining an identifier associated with the multiuse redemption card and transmitting the identifier to a server where a data structure is updated to reflect the multiuse redemption card is activated; presenting the identifier to a purchaser to allow the purchaser to determine the status of the multiuse redemption card; receiving, from one or more point of sale terminals, a plurality of redemption requests associated with the multiuse redemption card having the defined monetary value, each specific redemption request corresponding to a specific monetary value; when the multiuse redemption card is active, for each specific redemption request of the plurality of redemption requests: at the time of the specific redemption request, processing a specific delayed payment using the payment information; wherein the specific delayed payment satisfies the specific monetary value of the specific redemption request, up to a remaining monetary balance on the multiuse redemption card; tracking, using the processor, each successful specific delayed payment to determine the remaining monetary balance; and deactivating, using the processor, the multiuse redemption card by updating the data structure when the remaining monetary balance is equal to or less than a zero monetary value.