System and method for merchant interaction with and tracking of the secondary gift card marketplace
Disclosed herein are systems, methods, and non-transitory computer-readable storage media for tracking a secondary gift card marketplace. A system configured to practice the method collects data related to a secondary market, which includes a transaction associated with a gift card, the transaction not involving an issuer of the gift card, processes the collected data, and presents at least a portion of the processed collected data to a merchant in a user interface. Gift cards can include at least one of gift cards and gift codes. The collected data can further include a plurality of transactions associated with gift cards. In one aspect, each gift card transaction in the plurality of gift card transaction does not involve an original issuing merchant of a gift card. The collected data can further include at least one of pricing, demographic, geographic, and other information related to the gift card transactions.
1. A method comprising:
collecting data of multiple transactions in which consumers, as non-issuers of gift cards, in a secondary market, sell the gift cards for at least one of cash, goods and services to yield collected data;
aggregating the collected data to yield aggregated data; and
presenting, via a user interface, at least a portion of the aggregated data to a merchant.
2. The method of claim 1 , wherein the gift cards comprise at least one of gift cards and gift codes.
3. The method of claim 1 , wherein the collected data further comprises at least one of pricing information, demographic information, and geographic information.
4. The method of claim 1 , wherein aggregating the collected data further comprises categorizing the collected data based on a characteristic associated with at least one of the collected data and the multiple transactions.
5. The method of claim 1 , wherein aggregating the collected data further comprises normalizing the collected data.
6. The method of claim 1 , wherein aggregating the collected data further comprises removing private information from the collected data.
7. The method of claim 1 , wherein aggregating the collected data further comprises removing information from the collected data which could personally identify an individual.
8. The method of claim 1 , wherein presenting, via the user interface, at least the portion of the aggregated data further comprises presenting a first portion of the collected data relating to the merchant and a second comparable aggregated portion of the aggregated data for comparison with the first portion.
9. A system comprising:
a processor; and
a non-transitory computer-readable medium storing instruction which, when executed by the processor, cause the processor to perform operations comprising:
collecting data of multiple transactions in which non-issuers of gift cards, in a secondary market, sell the gift cards for at least one of cash, goods and services to yield collected data;
aggregating the collected data to yield aggregated data; and
presenting, via a user interface, at least a portion of the aggregated data to a merchant.
10. The system of claim 9 , wherein the collected data further comprises at least one of pricing information, demographic information, and geographic information.
11. The system of claim 9 , wherein the non-transitory computer-readable medium further stores instructions which result in the operations further comprising:
presenting at least the portion of the collected data by presenting a first portion of the collected data relating to the merchant and a second comparable aggregated portion of the collected data for comparison with the first portion.
12. A non-transitory computer-readable storage medium storing instructions which, when executed by a processor, cause the processor to perform operations comprising:
collecting data of multiple transactions in which non-issuers of gift cards, in a secondary market, sell the gift cards for at least one of cash, goods and services to yield collected data;
aggregating the collected data to yield aggregated data; and
presenting, via a user interface, at least a portion of the aggregated data to a merchant.
13. The non-transitory computer-readable storage medium of claim 12 , wherein aggregating the collected data further comprises categorizing the collected data based on a characteristic associated with at least one of the collected data and the multiple transactions.
14. The non-transitory computer-readable storage medium of claim 12 , wherein aggregating the collected data further comprises normalizing the data.
15. The non-transitory computer-readable storage medium of claim 12 , wherein aggregating the collected data further comprises removing private information from the collected data.
16. The non-transitory computer-readable storage medium of claim 12 , wherein aggregating the collected data further comprises removing information from the collected data which could personally identify an individual.
17. The non-transitory computer-readable storage medium of claim 12 , wherein presenting at least the portion of the aggregated data further comprises presenting a first portion of the collected data relating to the merchant and a second comparable aggregated portion of the aggregated data for comparison with the first portion.