SYSTEM AND METHOD FOR PROCESSING GIFTS BETWEEN DIFFERENT EXCHANGE MEDIUMS

1 . A method comprising:

receiving, via a processing device, a request to convert a first gift amount associated with a first recipient account and a first policy from a first medium of exchange to a second medium of exchange, wherein the first policy indicates when a first qualifying transaction using the first recipient according to the first medium of exchange account would trigger application of the first gift amount to the first qualifying transaction;

identifying a second recipient account associated with the second medium of exchange;

converting the first gift amount from the first medium of exchange to the second medium of exchange to yield a second gift amount; and

adapting the first policy to a second policy associated with the second gift amount and the second medium of exchange.

2 . The method of claim 1 , further comprising:

deactivating at least one of the first gift amount and the first policy.

3 . The method of claim 1 , wherein the first medium of exchange is currency based and the second medium of exchange is non-currency based.

4 . The method of claim 1 , wherein the first medium of exchange and the second medium of exchange are non-currency based and are of different types.

5 . The method of claim 3 , wherein the second medium of exchange is one of frequent flyer miles, hotel rewards points, loyalty points, videogame credits, online service credits, or a reward program denomination.

6 . The method of claim 1 , further comprising:

retrieving an exchange rate between the first medium of exchange and the second medium of exchange; and

converting the first gift amount from the first medium of exchange to the second medium of exchange according to the exchange rate.

7 . The method of claim 6 , wherein the exchange rate is an artificial exchange rate indicated by a giver of the first gift amount.

8 . The method of claim 7 , further comprising:

determining a value representing a difference between the artificial exchange rate and an actual exchange rate for the first gift amount; and

refunding the value to the giver.

9 . The method of claim 1 , further comprising:

identifying a difference between the first medium of exchange and the second medium of exchange that impacts the first policy; and

adapting the first policy to the second policy based on the difference.

10 . The method of claim 1 , further comprising:

retrieving rules associated with the first policy; and

adapting the first policy to the second policy based on the rules.

11 . A system comprising:

a processing device;

a memory having stored therein instructions which, when executed by the processing device, cause the processing device to:

access a first account representing stored value in a first medium of exchange;

choose an amount of the stored value from the first medium of exchange;

convert the amount of the stored value to a second medium of exchange to yield a converted amount; and

generate, for a recipient, a gift comprising a policy and the converted amount in the second medium of exchange, wherein the gift is associated with a recipient account for the second medium of exchange, and wherein the policy is associated with monitoring transactions made using the recipient account such that the converted amount is applied to a transaction satisfying conditions of the policy.

12 . The system of claim 11 , the instructions, when executed by the processing device, further causing the processing device to:

withdraw the amount of the stored value from the first account.

13 . The system of claim 11 , wherein the first account exchange is non-currency based and the second account is currency based.

14 . The system of claim 11 , wherein the first account and the second account are non-currency based and are of different types.

15 . The system of claim 11 , wherein the first account is one of frequent flyer miles, hotel rewards points, loyalty points, videogame credits, online service credits, or a reward program denomination.

16 . The system of claim 11 , the memory having stored therein further instructions which, when executed by the processing device, further cause the processing device to:

retrieve an exchange rate between the first medium of exchange and the second medium of exchange; and

convert the first gift amount from the first medium of exchange to the second medium of exchange according to the exchange rate.

17 . The system of claim 16 , wherein the exchange rate is an artificial exchange rate indicated by a giver of the amount.

18 . The system of claim 17 , the memory having stored therein further instructions which, when executed by the processing device, further cause the processing device to:

determine a value representing a difference between the artificial exchange rate and an actual exchange rate for amount; and

refund the value to the giver.

19 . The system of claim 11 , the memory having stored therein further instructions which, when executed by the processing device, further cause the processing device to:

identify a difference between the first medium of exchange and the second medium of exchange that impacts the policy; and

adapt the policy based on the difference.

20 . A non-transitory computer-readable storage medium having stored therein instructions which, when executed by a computing device, cause the computing device to perform a method comprising:

accessing a first account representing stored value in a first medium of exchange;

choosing an amount of the stored value from the first medium of exchange;

converting the amount of the stored value to a second medium of exchange to yield a converted amount; and

giving the converted amount in the second medium of exchange to a recipient as a gift, wherein the gift is associated with a recipient account for the second medium of exchange, and wherein the gift is associated with a policy monitoring transactions made using the recipient account such that the converted amount is applied to a transaction satisfying conditions of the policy.