Cash redemption of gift cards systems and methods
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United States of America Patent
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Feb 22, 2011
Grant Date -
Aug 16, 2007
app pub date -
Feb 16, 2006
filing date -
Feb 16, 2006
priority date (Note) -
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status (Latency Note)
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Abstract
A method of redeeming cash from a stored-value instrument is disclosed. The method may, at a point-of-sale (“POS”) device associated with a money transfer network, receive an identifier associated with the stored-value instrument and transmit a request to redeem cash associated with the stored-value instrument to an instrument authority system. The instrument authority system may have a database of identifiers, values associated with the identifiers and merchants associated with the identifiers. The method may further receive a response at the POS device from the instrument authority system. Based at least in part on the response, the method may determine whether to dispense cash.
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