System and method for localized prepaid gift account program utilizing open loop network systems with local merchant approval and branding

Patent metadata

Field	Value
Publication number	US-12169865-B2
Application number	US-202318208469-A
Country	US
Kind code	B2
Filing date	Jun 12, 2023
Priority date	Apr 13, 2012
Publication date	Dec 17, 2024
Grant date	Dec 17, 2024

Abstract

Systems, methods, and computer-readable storage media for creating an open loop prepaid gift account. The system identifies a request to purchase an open loop prepaid gift account which can be used to make a purchase at a merchant, presents a menu from which a customer can select the merchant, and receives a selection. Based on the selection, the system presents an option to load funds onto the open loop prepaid gift account and, upon receipt of payment, creates the open loop prepaid gift account and loads the open loop prepaid gift account with money, wherein information associated with the open loop prepaid gift account is encoded onto a physical card, and wherein merchant information is printed on the physical card according to an authorization from the merchant, the merchant information including at least one of a legal name, a trade name, a logotype, and a marketing tagline of the merchant.

First claim

What is claimed is:

1. A method comprising:
identifying, via processor, a request from a customer to purchase an open loop prepaid gift account;
presenting a menu to the customer, from which the customer can select a merchant;
receiving from the customer a selection of the merchant from the menu; and
based on the selection:
presenting the customer with an option to load funds onto the open loop prepaid gift account; and
upon receipt of payment from customer, creating the open loop prepaid gift account and loading the open loop prepaid gift account with an amount of money, wherein information associated with the open loop prepaid gift account is encoded onto a physical card, and wherein merchant information is printed on the physical card according to an authorization from the merchant.

2. The method of claim 1 , wherein the open loop prepaid gift account is branded by a payment network association.

3. The method of claim 1 , wherein the selection of the merchant is based on at least one of a city associated with the merchant, a state associated with the merchant, a geographic region associated with the merchant, and a metropolitan area associated with the merchant.

4. The method of claim 1 , wherein the merchant pays a commission to one of a prepaid gift account issuer and a program manager based on a percentage of gross purchases made by the open loop prepaid gift account at the merchant.

5. The method of claim 1 , wherein the merchant pays a commission to one of a prepaid gift account issuer and a program manager for the merchant's name appearing first on a list of search results in response to a search by the customer for a particular category of merchant.

6. The method of claim 1 , wherein the merchant comprises a local merchant.

7. The method of claim 1 , wherein the menu comprises a list of merchants.

8. The method of claim 1 , wherein the amount of money is based on a customer request.

9. The method of claim 1 , wherein the merchant pays a fee to one of the prepaid gift account issuer and a program manager for the merchant's name appearing on a list of search results in response to a search by the customer for a particular category of merchant.

10. A system comprising:
a processor; and
a memory storing instructions which, when executed by the processor, cause the processor to perform a method comprising:
identifying a request from a customer to purchase an open loop prepaid gift account;
presenting a menu to the customer, from which the customer can select a merchant;
receiving from the customer a selection of the merchant from the menu; and
based on the selection of the merchant:
presenting the customer with an option to load funds onto the open loop prepaid gift account; and
upon receipt of payment from customer, creating the open loop prepaid gift account and loading the open loop prepaid gift account with an amount of money, wherein information associated with the open loop prepaid gift account is encoded onto a physical card, and wherein merchant information is printed on the physical card according to an authorization from the merchant.

11. The system of claim 10 , wherein the prepaid gift account is branded by a payment network association.

12. The system of claim 10 , wherein the selection of the local merchant is based on at least one of a city associated with the merchant, a state associated with the merchant, a geographic region associated with the merchant, and a metropolitan area associated with the merchant.

13. The system of claim 10 , wherein the merchant pays a commission to one of a prepaid gift account issuer and a program manager based on a percentage of gross purchases made by the open loop prepaid gift account at the merchant.

14. The system of claim 10 , wherein the merchant pays a commission to one of a prepaid gift account issuer and a program manager for the merchant's name appearing first on a list of search results in response to a search by the customer for a particular category of merchant.

15. The system of claim 10 , wherein the merchant comprises a local merchant.

16. The system of claim 10 , wherein the merchant pays a fee to one of the prepaid gift account issuer and a program manager for the merchant's name appearing on a list of search results in response to a search by the customer for a particular category of merchant.

17. A computer-readable medium having stored therein instructions which, when executed by a processor, cause the processor to perform a method comprising:
identifying, via processor, a request from a customer to purchase an open loop prepaid gift account;
presenting the customer with a menu from which the customer can select a merchant;
receiving from the customer a selection of the merchant from the menu; and
based on the selection of the merchant:
presenting the customer with an option to load funds onto the open loop prepaid gift account; and
upon receipt of payment from customer, creating the open loop prepaid gift account for the customer and loading the open loop prepaid gift account with an amount of money, wherein information associated with the open loop prepaid gift account is encoded onto a physical card, and wherein merchant information is printed on the physical card according to an authorization from the merchant.

18. The computer-readable medium of claim 17 , wherein the prepaid gift account is branded by a payment network association.

19. The computer-readable medium of claim 17 , wherein the selection of the local merchant is based on at least one of a city associated with the merchant, a state associated with the merchant, a geographic region associated with the merchant, and a metropolitan area associated with the merchant.

20. The computer-readable medium of claim 17 , wherein the merchant pays a commission to one of a prepaid gift account issuer and a program manager based on a percentage of gross purchases made by the open loop prepaid gift account at the merchant.

21. The computer-readable medium of claim 17 , wherein the merchant pays a commission to one of a prepaid gift account issuer and a program manager for the merchant's name appearing first on a list of search results in response to a search by the customer for a particular category of merchant.

22. The computer-readable medium of claim 17 , wherein the merchant is a local merchant.

23. The computer-readable medium of claim 17 , wherein the merchant pays a fee to one of the prepaid gift account issuer and a program manager for the merchant's name appearing on a list of search results in response to a search by the customer for a particular category of merchant.

Assignees

• Blackhawk Network Inc

Inventors

• Wolfe Jason

Classifications

• G06Q40/00 Primary

  Finance; Insurance; Tax strategies; Processing of corporate or income taxes · CPC title