Gift card conversion and digital wallet
A method and a system convert the value of a gift card for use with a mobile device. The value of the gift card is determined from an issuer of the gift card. The value of the gift card is stored in a digital payment account in a storage device. The digital payment account stores values of gift cards from issuers. A financial transaction corresponding to the issuer of the gift card is performed on the digital payment account. The value of a first gift card from a first issuer of a first digital payment account is exchanged with the value of a second gift card from a second issuer of a second digital payment account.
1. A system comprising:
a gift card converter module configured to determine a value of a gift card from an issuer of the gift card;
a storage device configured to store the value of the gift card in a digital payment account, the digital payment account storing a plurality of values of gift cards from a plurality of issuers;
a digital wallet module configured to perform a financial transaction corresponding to the issuer of the gift card on the digital payment account;
an exchange module configured to receive a request to trade a first gift card from a first issuer with a second gift card from a second issuer, and in response to the request, exchange the value of the first gift card from the first issuer in a first digital payment account with the value of the second gift card from the second issuer in a second digital payment account;
a listing module configured to generate a gift card listing of gift cards available for exchange offers in a gift card exchange market; and
a transaction module configured to transfer a captured digital image of the first gift card from the first issuer from the first digital payment account to the second digital payment account, the captured digital image of the first gift card for use by a second user, and to transfer a captured digital image of the second gift card from the second issuer from the second digital payment account to the first digital payment account, the captured digital image of the second gift card for use by a first user.
2. The system of claim 1 , wherein the gift card converter module comprises:
a gift card scanner module configured to receive an image of the gift card via an optical input of a mobile device associated with the digital payment account, the image of the gift card comprising a machine-readable symbol;
a balance query module configured to query the value of the gift card from the issuer of the gift card based on the image of the gift card; and
a financial account module configured to link the value of the gift card with a financial account of a user of the mobile device.
3. The system of claim 2 , wherein the digital wallet module comprises:
a redemption module configured to display the image of the gift card on the mobile device for the financial transaction, to retrieve an updated value of the gift card after the financial transaction, and to update the gift card balance in the digital payment account and the financial account of the user of the mobile device.
4. The system of claim 2 , wherein the financial account module is configured to link the value of the gift card with a disposable gift card financial account of the user of the mobile device, the disposable gift card financial account being deleted when the gift card balance is zero.
5. The system of claim 1 , wherein the transaction module is configured to update the first digital payment account with the value of the second gift card, and to update the second digital payment account with the value of the first gift card.
6. The system of claim 1 , wherein the gift card listing comprises a name of an issuer of a gift card, a value of the gift card, and terms of the gift card.
7. A computer-implemented method comprising:
determining a value of a gift card from an issuer of the gift card;
storing the value of the gift card in a digital payment account in a storage device, the digital payment account storing a plurality of values of gift cards from a plurality of issuers;
performing a financial transaction corresponding to the issuer of the gift card on the digital payment account;
receiving a request to trade a first gift card from a first issuer with a second gift card from a second issuer;
in response to the request, exchanging the value of the first gift card from the first issuer of the first digital payment account with the value of the second gift card from the second issuer of the second digital payment account;
generating a gift card listing of gift cards available for exchange offers in a gift card exchange market;
transferring a captured digital image of the first gift card from the first issuer from the first digital payment account to the second digital payment account, the captured digital image of the first gift card for use by a second user; and
transferring a captured digital image of the second gift card from the second issuer from the second digital payment account to the first digital payment account, the captured digital image of the second gift card for use by a first user.
8. The computer-implemented method of claim 7 , further comprising:
receiving an image of the gift card via an optical input of a mobile device associated with the digital payment account, the image of the gift card comprising a machine-readable symbol;
querying the value of the gift card from the issuer of the gift card based on the image of the gift card; and
linking the value of the gift card with a financial account of a user of the mobile device.
9. The computer-implemented method of claim 8 , further comprising:
displaying the image of the gift card on the mobile device for the financial transaction;
retrieving an updated value of the gift card after the financial transaction; and
updating the gift card balance in the digital payment account and the financial account of the user of the mobile device.
10. The computer-implemented method of claim 8 , further comprising:
linking the value of the gift card with a disposable gift card financial account of the user of the mobile device; and
deleting the disposable gift card financial account when the gift card balance reached a value of zero.
11. The computer-implemented method of claim 7 , further comprising:
updating the first digital payment account with the value of the second gift card; and
updating the second digital payment account with the value of the first gift card.
12. The computer-implemented method of claim 7 , wherein the gift card listing comprises a name of an issuer of a gift card, a value of the gift card, and terms of the gift card.
13. A non-transitory computer-readable storage medium storing a set of instructions that, when executed by a processor, causes the processor to perform operations, comprising:
determining a value of a gift card from an issuer of the gift card;
storing the value of the gift card in a digital payment account, the digital payment account storing a plurality of values of gift cards from a plurality of issuers;
performing a financial transaction corresponding to the issuer of the gift card on the digital payment account;
receiving a request to trade a first gift card from a first issuer with a second gift card from a second issuer;
in response to the request, exchanging the value of the first gift card from the first issuer of the first digital payment account with the value of the second gift card from the second issuer of the second digital payment account;
generating a gift card listing of gift cards available for exchange offers in a gift card exchange market;
transferring a captured digital image of the first gift card from the first issuer from the first digital payment account to the second digital payment account, the captured digital image of the first gift card for use by a second user; and
transferring a captured digital image of the second gift card from the second issuer from the second digital payment account to the first digital payment account, the captured digital image of the second gift card for use by a first user.
14. The non-transitory computer-readable storage medium of claim 13 , further comprising:
receiving an image of the gift card via an optical input of a mobile device associated with the digital payment account, the image of the gift card comprising a machine-readable symbol;
querying the value of the gift card from the issuer of the gift card based on the image of the gift card; and
linking the value of the gift card with a financial account of a user of the mobile device.
15. The non-transitory computer-readable storage medium of claim 14 , further comprising:
displaying the image of the gift card on the mobile device for the financial transaction;
retrieving an updated value of the gift card after the financial transaction; and
updating the gift card balance in the digital payment account and the financial account of the user of the mobile device.
16. The non-transitory computer-readable storage medium of claim 13 , further comprising:
updating the first digital payment account with the value of the second gift card; and
updating the second digital payment account with the value of the first gift card.
17. The non-transitory computer-readable storage medium of claim 13 , wherein the gift card listing comprises a name of an issuer of a gift card, a value of the gift card, and terms of the gift card.
18. The non-transitory computer-readable storage medium of claim 13 , further comprising:
linking the value of the gift card with a disposable gift card financial account of the user of the mobile device; and
deleting the disposable gift card financial account when the gift card balance reached a value of zero.