SYSTEM AND METHOD FOR CURRENCY CONVERSION RELATED TO CREDITS REDEEMABLE IN A VARIABLE VALUE TRANSACTION
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United States of America Patent
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N/A
Issued Date -
Mar 20, 2014
app pub date -
Sep 19, 2012
filing date -
Sep 19, 2012
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A system and method of converting currency items to credits that are redeemable in a variable value transaction are disclosed. Converting currency items to credits allows the credits to be used for satisfying an initial balance or a remaining balance of the variable value transaction involving a piece of media content. The conversion may include receiving a unique customer identifier identifying a customer, receiving a unique identifier of the currency items, and determining whether the currency item is valid for being converted to a credit. If the currency item is valid, a conversion ratio of the currency items to credits may be retrieved and a quantity of the credits may be calculated from the currency items, based on the conversion ratio. The quantity of the credits may be issued to the customer in a credits database. Invalid currency items may be rejected for conversion to the credit.
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