초록 ▼

A method and system for providing purchasable value for gifts and other uses in the form of a credit instrument is provided. A purchaser of a gift credit instrument authorizes a credit institution with which the purchaser holds a credit account to create a limited-value, non-renewable secondary acco

A method and system for providing purchasable value for gifts and other uses in the form of a credit instrument is provided. A purchaser of a gift credit instrument authorizes a credit institution with which the purchaser holds a credit account to create a limited-value, non-renewable secondary account linked exclusively to the purchaser's credit account. A credit instrument is issued to an authorized user which credit instrument uniquely identifies the secondary account. The gift credit instrument may be used in the same manner as the purchaser's credit instrument; however, it expires after a certain period of time or after the initial value of the secondary account is spent. A system for carrying out the method is also provided.

대표청구항 ▼

[ What is claimed is:] [1.] A credit transaction system, comprising:a plurality of points of sale;a credit data storage and transaction processing system communicatively connected to said points of sale, said credit data storage and transaction processing system including first computer memory for s

[ What is claimed is:] [1.] A credit transaction system, comprising:a plurality of points of sale;a credit data storage and transaction processing system communicatively connected to said points of sale, said credit data storage and transaction processing system including first computer memory for storing credit account data of a primary credit account, and a processor for processing said credit account data and transaction data communicated to said processor from said points of sale;second computer memory communicatively connected to said processor adapted to store data of a secondary account, said secondary account having an initially-determined value and being exclusively related to said primary account; anda credit instrument for conducting transactions at one or more of said plurality of points of sale, said credit instrument uniquely identifying said secondary account,wherein data of said transactions are processed by said processor and stored in said second computer memory, and wherein said processor terminates said secondary account when said credit instrument has been used for said transactions such that the value of said transactions substantially equals said initially-determined value of said secondary account.