The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Feb. 22, 2011
Filed:
Jun. 09, 2006
Jay S. Walker, Ridgefield, CT (US);
Daniel E. Tedesco, Stamford, CT (US);
James A. Jorasch, Stamford, CT (US);
Robert R. Lech, Norwalk, CT (US);
Sanjay K. Jindal, Pacific Palisades, CA (US);
Jay S. Walker, Ridgefield, CT (US);
Daniel E. Tedesco, Stamford, CT (US);
James A. Jorasch, Stamford, CT (US);
Robert R. Lech, Norwalk, CT (US);
Sanjay K. Jindal, Pacific Palisades, CA (US);
Walker Digital, LLC, Stamford, CT (US);
Abstract
The present invention relates to a method and apparatus for issuing and redeeming a gift certificate drawn on a credit card or other financial account. The present invention includes a first aspect directed to a merchant card authorization terminal and a second aspect directed to a credit card issuer central controller. According to the first aspect, a method for redeeming a gift certificate drawn on a financial account is disclosed including the steps of receiving a gift certificate for payment of an identified value, transmitting a request for authorization to a central server, receiving an authorization signal, representing an indication that redemption of the gift certificate is authorized, from said central server and receiving a payment from the account issuer based on said identified value. A system is also disclosed for implementing the methods in all aspects of the present invention.