Systems and methods for stored-value exchange within social networking environments

US10521779B2 · kind B2 · utility

Assignee

• Gift Solutions LLC · US

Inventors

• Christopher L. Toomer · Parker, US
• Steven E. Arthur · Parker, US
• Debi Rex · Parker, US
• Ginger Sayor · Castle Rock, US

Key dates

• Filing date: Dec 2, 2016
• Grant date: Dec 31, 2019
• Expiry date: Sep 8, 2037

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q50/01
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

An electronic social networking environment enables the transfer of stored value between users of the environment. A transfer may be in the form of a gift from one user to another. The stored value may represent actual currency or virtual currency. The stored value may be redeemed within or outside the electronic social networking environment, and may be redeemed with one or more merchants. The stored value may be redeemed for a physical item or service or for a virtual item or service.