SYSTEM AND METHOD FOR ACQUIRING TRANSACTIONAL DATA ON CONSUMER USE OF GIFT CERTIFICATES AT MERCHANT RETAIL LOCATIONS
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United States of America Patent
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N/A
Issued Date -
Sep 4, 2014
app pub date -
Mar 4, 2014
filing date -
Mar 4, 2013
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
Disclosed herein are systems, methods, and computer-readable storage devices for acquiring transactional data on consumer use of discounted gift certificates at merchant retail locations. The system sells a discounted gift certificate in combination with a payment network branded prepaid gift account to a consumer. The consumer can use the prepaid gift account to make a purchase and redeem the gift certificate. The point of sale terminal recognizes that the prepaid gift account has an associated gift certificate value and credits the value of the gift certificate to the purchase. If the purchase amount exceeds the gift certificate, the prepaid gift account processor partially authorizes the amount of the gift certificate and presents the remaining balance of the purchase to the consumer for additional payment. The system can create transaction data describing the amount spent by the consumer in excess of the gift certificate value.
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