Systems for providing and processing pre-authorized customizable gift tokens

US10380596B1 · kind B1 · utility

Assignee

• CAPITAL ONE SERVICES, LLC · US

Inventors

• Taurean Butler · Brooklyn, US
• Christine Berglund · Brooklyn, US
• Adam Vukich · Alexandria, US
• Jessica Greenberg · New York, US
• Colin Hart · Arlington, US
• Mykhaylo Bulgakov · Arlington, US
• Jason Ji · Reston, US
• Kaylyn Gibilterra · New York, US

Key dates

• Filing date: Jun 21, 2018
• Grant date: Aug 13, 2019
• Expiry date: Jun 21, 2038

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/40
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for providing a gift includes receiving a gift token creation request representative of a selection of a gift recipient and gift limitations from a first computing device. The method includes generating a tokenized PAN associated with a gift account and transmitting the tokenized PAN and gift limitations to a second computing device. The method includes detecting a transaction authorization request that is representative of an attempted transaction at a merchant POS device based on monitoring of transaction authorization data originating from a plurality of merchant POS devices. The transaction authorization request represents an attempted tokenized PAN, an attempted transaction amount and a merchant code. The method includes determining that the attempted tokenized PAN matches the tokenized PAN associated with the gift account. The method includes transmitting an authorization message to the merchant POS in response to determining that the transaction authorization request satisfies the gift limitations.