A system and method for allowing a financial institution customer or user to exchange a stored value card, such as, for example, a gift card, for its value in currency or other value, such as rewards points, is provided. The resulting value from the exchange can then be deposited in a financial account, at the financial institution, of the customer's choosing. Following the exchange for value, the stored value card is cancelled to prevent subsequent use by the customer. The method may be performed on-line through the financial institution's website or mobile application, at an Automated Teller Machine (ATM), a financial transaction machine or device, or at a branch location of the financial institution. The physical card may not be required for the exchange. However, the data associated with the card, such as the account number, is required for entry by the customer into an appropriate interface.

A computer system for providing reimbursement controls to insurance policies is provided. The computer system may include a processor in communication with a memory device. The processor may be configured to: (i) generate a plurality of predesignated policy levels having a maximum reimbursement amount for a user based at least in part upon user data, (ii) prompt the user to select a predesignated policy level of the plurality of predesignated policy levels that includes an insurance policy covering one or more item categories up to the associated maximum reimbursement amount, (iii) store the selected predesignated policy level, (iv) receive a claim from the user, (v) determine, in response to the claim and based at least in part upon the selected predesignated policy level and the associated maximum reimbursement amount, an actual reimbursement amount for each insured item category of the one or more item categories, and (vi) provide a payment device to the user having reimbursement controls that provide the actual reimbursement amount by insured item category.

A positive balance on a first financial account associated with a prepaid card are transferrable to a second financial account associated with a third party. In some embodiments, an instruction to transfer a portion of the first financial account to the second financial account is received. The instruction is associated with one or more triggering events. The one or more triggering events are associated with an inactive amount of time associated with the prepaid card, an expiration date associated with the prepaid card, and/or a balance of the first financial account associated with the prepaid card. A first triggering event of the one or more triggering events is detected. Upon detection of the first triggering event, the portion of the first financial account is transferred to the second financial account. Aspects of the disclosure enable a processing system to identify one or more opportunities to liquidate and/or fund financial accounts in an organized, resource-efficient, and timely manner.

Systems, methods, and computer-readable media for chopping up a gift card/code into smaller multiple gift card/codes. The system receives a request from a user to convert a closed-loop card/code having a value amount into two different closed-loop cards/codes and divides (or chops up) the closed-loop card/code into a first closed-loop card/code having a first value amount and a second closed-loop card/code having a second value amount, wherein the first value amount and the second value amount add up to no more than the value amount. The system offers the first closed-loop card/code and the second closed-loop card/code to one of the user and a third party.

The present disclosure is directed a gift card exchange server and associated systems and methods that are configured to receive information about a gift card that a user would like to sell. The gift card exchange server determines an offer for the gift card and transmits the offer to a computing device for presentation to the user. In one embodiment, if the offer is accepted, the user is queried to see if they would like the proceeds from the sale to be applied as a credit to an account, such as an on-line retailer account. If so, the server sends a message to the account indicating that a credit is to be given to the user along with an indication that the credit is conditioned upon completing a transaction and/or draining the purchased gift card of funds. The user can use the credit to purchase goods or services. However, the purchase transaction will not be consummated or the goods and services will not be shipped until the exchanged gift card is redeemed or the server computer otherwise confirms that the server system has received the value from the gift card. Once the server computer receives an indication that the card value has been received, the server computer sends a message to release a hold on the credit.

The present invention is an apparatus for the money transactions required in the selling of merchandise or media content on the Internet and uses at least one in-person contact with the buyer. A predefined transaction originating at a real place of business authorizes access to web content or merchandise from a place off the web. Purchasers (end-users) must physically go to a retail location to choose the Internet media or merchandise shopping cart they wish to acquire where age can be verified if necessary and payment can be made with or without a credit card. Content security using a non-audible or invisible code signal sequence(s) can provide traceability as well as absolute anonymity for the purchaser. This apparatus can be used to conduct transactions off the web so that business can be done on the web.

Using a dual smart contract system that separates the management of gift codes into two distinct layers, a public smart contract and a private smart contract. This architecture enhances security, transparency, and control in gift code management, offering significant advancements over existing methods.

A method, system and computer program product for integrating a mobile payment application with other mobile applications while preventing security exposures. A set of application programming interfaces of mobile applications that may possibly be utilized by a pass created by a mobile payment application is generated in response to receiving an indication that the pass was created. A pass, as used herein, refers to a form of mobile payment, such as a gift card. A selection of these application programming interfaces may then be received to interact with the created pass. In this manner, the existing mobile applications are seamlessly integrated with the features of passes. Furthermore, a virtual container is created for the created pass and the selected application programming interfaces to interface with the created pass. By creating such a container, the data to be exposed to the application layer can be controlled.

The disclosed system for performing a gift card purchase and activation in a retail environment can include a card retention apparatus having a unidirectional card removal component and a gift card, a card identifier and access code system to generate and assign unique identifying information to the card, and a printing device to print at least a portion of the unique information onto a surface of the card. A point of sale (POS) terminal can: identify the card for purchase, transmit, to the system, a request for the card's unique information, the request including a public encryption key, receive, in response to the system generating and encrypting the unique information using the public key, the encrypted information for the card, decrypt, using an associated private key, the encrypted information, and generate instructions for applying, via the printing device, the at least portion of the unique information onto the card's surface.

The present disclosure relates to systems and methods for facilitating interoperability between blockchain networks to facilitate bridging of non-fungible tokens (NFTs) across chains. In embodiments, a method includes receiving a bridging request at a first bridge smart contract to transfer a source NFT from a first blockchain to a second blockchain. Upon verification, the first bridge smart contract locks the source NFT. An oracle server determines whether a clone NFT associated with the source NFT exists on the second blockchain. If so, the oracle instructs a second bridge smart contract to unlock the clone NFT. If no clone NFT exists, the oracle instructs minting of the clone NFT and assigning ownership of the clone NFT to the user's account on the second blockchain. The clone NFT remains controllable by the user while the source NFT stays locked on the first blockchain, maintaining a one-to-one relationship between the tokens across chains.