Systems and methods for securing digital gift cards with a public ledger

Patent metadata

Field	Value
Publication number	US-10535063-B2
Application number	US-201615072137-A
Country	US
Kind code	B2
Filing date	Mar 16, 2016
Priority date	Mar 13, 2015
Publication date	Jan 14, 2020
Grant date	Jan 14, 2020

Abstract

Disclosed herein are certain embodiments of systems and methods for standardizing a plurality of digital wallet credits, into one digital wallet system. Expenditures of merchant issued credit stored in digital wallets are supported by tokenization of assets. Assets are encoded and represented by currencies tracked on public ledgers. Data is mined from the public ledger, decoded, and presented to users with a unified interface which allows users to view balances at any time of all digital wallets in their possession.

First claim

The claimed invention can include:

1. A method comprising:
generating, by one or more computer processors coupled to at least one memory, a user interface, the user interface displaying a plurality of digital wallets, the digital wallets each comprising a certain value of merchant issued currency;
encoding the certain value of merchant issued currency to a currency tracked by a public ledger;
establishing a plurality of tracking wallets, the tracking wallets corresponding to each of the plurality of digital wallets, wherein the plurality of tracking wallets comprise encoded amounts of the currency tracked by the public ledger which represent the balance of merchant issued currency on each of the plurality of digital wallets;
depleting the tracking wallets into a pooled account as the user depletes the plurality of digital wallets;
retrieving encoded data from the public ledger concerning the plurality of tracking wallets; and
decoding the encoded data and presenting decoded data for users in a graphic interface.

2. The method of claim 1 , wherein the public ledger is publicly accessible and records minting, transfer, and redemption of digital assets.

3. The method of claim 1 , further comprising:
receiving a selection of an individual digital wallet of the plurality of digital wallets; and
determining a card token issued to the application interface for the individual digital wallet, wherein the card token can be redeemed at the merchant.

4. The method of claim 1 , further comprising:
receiving a request to add a digital wallet to the plurality of digital wallets;
acquiring a requisite amount of the currency tracked by the public ledger representing a value associated with the digital wallet; and
generating a public currency wallet using the requisite amount of the currency, wherein the public currency wallet represents the digital wallet.

5. The method of claim 4 , wherein an owner of the digital wallet is prevented from accessing the public currency wallet.

6. The method of claim 4 , further comprising:
determining that at least a portion of the value associated with the digital wallet has been redeemed;
depleting the public currency wallet based at least in part on the at least the portion of the value;
transferring the depleted portion of the public currency wallet to a central wallet; and
recording the transaction of the public currency on the public ledger.

7. The method of claim 1 , wherein the currency tracked by the public ledger is a public currency.

8. The method of claim 1 , wherein encoding the certain value of merchant issued currency to the currency tracked by the public ledger comprises:
representing the merchant issued currency as a fraction of the currency of the public ledger.

9. A device comprising:
at least one memory that stores computer-executable instructions;
at least one processor configured to access the at least one memory and execute the computer-executable instructions to:
generate a user interface, the user interface displaying a plurality of digital wallets, the digital wallets each comprising a certain value of merchant issued currency;
encode the certain value of merchant issued currency to a currency tracked by a public ledger;
establish a plurality of tracking wallets, the tracking wallets corresponding to each of the plurality of digital wallets, wherein the plurality of tracking wallets comprise encoded amounts of the currency tracked by the public ledger which represent the balance of merchant issued currency on each of the plurality of digital wallets;
deplete the tracking wallets into a pooled account as the user depletes the plurality of digital wallets;
retrieve encoded data from the public ledger concerning the plurality of tracking wallets; and
decode the encoded data and presenting decoded data for users in a graphic interface.

10. The device of claim 9 , wherein the public ledger is publicly accessible and records minting, transfer, and redemption of digital assets.

11. The device of claim 9 , wherein the at least one processor is further configured to access the at least one memory and execute the computer-executable instructions to:
receive a selection of an individual digital wallet of the plurality of digital wallets; and
determine a card token issued to the application interface for the individual digital wallet, wherein the card token can be redeemed at the merchant.

12. The device of claim 9 , wherein the at least one processor is further configured to access the at least one memory and execute the computer-executable instructions to:
receive a request to add a digital wallet to the plurality of digital wallets;
acquire a requisite amount of the currency tracked by the public ledger representing a value associated with the digital wallet; and
generate a public currency wallet using the requisite amount of the currency, wherein the public currency wallet represents the digital wallet.

13. The device of claim 12 , wherein an owner of the digital wallet is prevented from accessing the public currency wallet.

14. The device of claim 12 , wherein the at least one processor is further configured to access the at least one memory and execute the computer-executable instructions to:
determine that at least a portion of the value associated with the digital wallet has been redeemed;
deplete the public currency wallet based at least in part on the at least the portion of the value;
transfer the depleted portion of the public currency wallet to a central wallet; and
record the transaction of the public currency on the public ledger.

15. The device of claim 9 , wherein the currency tracked by the public ledger is a public currency.

16. The device of claim 9 , wherein the at least one processor is configured to encode the certain value of merchant issued currency to the currency tracked by the public ledger by accessing the at least one memory and execute the computer-executable instructions to:
represent the merchant issued currency as a fraction of the currency of the public ledger.

Assignees

• First Data Corp

Inventors

• Lingham Vinodan K
• Levitt Mark
• Nichani Krisan Ramesh
• Lebleu Guillaume P

Classifications

• G06Q20/0655

  e-cash managed centrally · CPC title

• G06Q30/0238

  at point-of-sale [POS] · CPC title

• G06Q20/28

  Pre-payment schemes, e.g. "pay before" · CPC title

• G06Q20/3678

  e-cash details, e.g. blinded, divisible or detecting double spending · CPC title

• G06F21/645

  using a third party · CPC title