Patents by Inventor Sanjay Akut
Sanjay Akut has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Patent number: 9971996Abstract: Disclosed herein are systems, methods, and computer-readable storage media for redeeming a closed loop card/code funded with an amount of money. The system receives, at a merchant, an indication from a consumer of a desire to sell a closed loop account not issued by the merchant and receives a confirmation, via a computing device, of an amount of money in the closed loop account. The system presents the consumer with an offer to buy the closed loop account and receives from the consumer an acceptance of the offer. The system processes the closed loop account to yield a processed closed loop account such as by transferring the account to one of the merchant and an entity and applies a benefit to the consumer based on the processed closed loop account.Type: GrantFiled: June 12, 2017Date of Patent: May 15, 2018Assignee: GIFTCODES.COM, LLCInventors: Jason Wolfe, Mark Romanelli, Sanjay Akut, Mike Kelly, Mary Jane Kelly
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Publication number: 20170323275Abstract: Disclosed herein are systems, methods, and computer-readable storage media for redeeming a closed loop card/code funded with an amount of money. The system receives, at a merchant, an indication from a consumer of a desire to sell a closed loop account not issued by the merchant and receives a confirmation, via a computing device, of an amount of money in the closed loop account. The system presents the consumer with an offer to buy the closed loop account and receives from the consumer an acceptance of the offer. The system processes the closed loop account to yield a processed closed loop account such as by transferring the account to one of the merchant and an entity and applies a benefit to the consumer based on the processed closed loop account.Type: ApplicationFiled: June 12, 2017Publication date: November 9, 2017Inventors: Jason WOLFE, Mark ROMANELLI, Sanjay AKUT, Mike KELLY, Mary Jane KELLY
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Patent number: 9679277Abstract: Disclosed herein are systems, methods, and computer-readable storage media for redeeming a closed loop card/code funded with an amount of money. The system receives, at a merchant, an indication from a consumer of a desire to sell a closed loop account not issued by the merchant and receives a confirmation, via a computing device, of an amount of money in the closed loop account. The system presents the consumer with an offer to buy the closed loop account and receives from the consumer an acceptance of the offer. The system processes the closed loop account to yield a processed closed loop account such as by transferring the account to one of the merchant and an entity and applies a benefit to the consumer based on the processed closed loop account.Type: GrantFiled: August 29, 2014Date of Patent: June 13, 2017Assignee: GiftCodes.com, LLCInventors: Jason Wolfe, Mark Romanelli, Sanjay Akut, Mike Kelly, Mary Jane Kelly
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Patent number: 9361634Abstract: Disclosed herein are systems, methods, and computer-readable storage media for redeeming a closed loop card/code funded with an amount of money. The system receives from a merchant point of sale an indication of use of a closed loop card/code not issued by the merchant and presented by a consumer, queries and receives a confirmation of an amount of money in an account associated with the closed loop card/code, presents the consumer with an offer to buy the closed loop card/code at a discount price, and upon accepting the offer, closes out the closed loop card/code and pays the discount price to the consumer. Paying the discount price can include applying the discount price to a purchase by the consumer at the merchant. The merchant can provide cash back to the consumer for excess value of the discount price over the consumer's purchase. Merchants can apply more than the discount price.Type: GrantFiled: August 29, 2014Date of Patent: June 7, 2016Inventors: Jason Wolfe, Mark Romanelli, Sanjay Akut, Mike Kelly, Mary Jane Kelly
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Publication number: 20140372314Abstract: Disclosed herein are systems, methods, and computer-readable storage media for redeeming a closed loop card/code funded with an amount of money. The system receives, at a merchant, an indication from a consumer of a desire to sell a closed loop account not issued by the merchant and receives a confirmation, via a computing device, of an amount of money in the closed loop account. The system presents the consumer with an offer to buy the closed loop account and receives from the consumer an acceptance of the offer. The system processes the closed loop account to yield a processed closed loop account such as by transferring the account to one of the merchant and an entity and applies a benefit to the consumer based on the processed closed loop account.Type: ApplicationFiled: August 29, 2014Publication date: December 18, 2014Inventors: Jason WOLFE, Mark ROMANELLI, Sanjay AKUT, Mike KELLY, Mary Jane KELLY
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Publication number: 20140372223Abstract: Disclosed herein are systems, methods, and computer-readable storage media for redeeming a closed loop card/code funded with an amount of money. The system receives from a merchant point of sale an indication of use of a closed loop card/code not issued by the merchant and presented by a consumer, queries and receives a confirmation of an amount of money in an account associated with the closed loop card/code, presents the consumer with an offer to buy the closed loop card/code at a discount price, and upon accepting the offer, closes out the closed loop card/code and pays the discount price to the consumer. Paying the discount price can include applying the discount price to a purchase by the consumer at the merchant. The merchant can provide cash back to the consumer for excess value of the discount price over the consumer's purchase. Merchants can apply more than the discount price.Type: ApplicationFiled: August 29, 2014Publication date: December 18, 2014Inventors: Jason WOLFE, Mark ROMANELLI, Sanjay AKUT, Mike KELLY, Mary Jane KELLY
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Patent number: 8887999Abstract: Disclosed herein are systems, methods, and computer-readable storage media for generating a gift code. The system receives an indication from a first user identifying a closed loop card, receives a confirmation of an amount of money in an account associated with the closed loop card, offers to purchase the closed loop card at an amount less than the amount of money in the account associated with the closed loop card, and upon acceptance of the offer, deactivates the closed loop card. The system then offers to sell the amount of money at a discount rate to a second user, receives acceptance of the offer to sell the amount of money at the discount rate, and associates a gift code with the amount of money for use by the second user. Gift codes can have no expiration date. A multi-process secure gateway can confirm the amount of money.Type: GrantFiled: February 9, 2010Date of Patent: November 18, 2014Assignee: GiftCodes.com, LLCInventors: Jason Wolfe, Mark Romanelli, Sanjay Akut, Mike Kelly, Mary Jane Kelly
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Patent number: 8887998Abstract: Disclosed herein are systems, methods, and computer-readable storage media for generating a gift code. The system receives an indication from a first user identifying a closed loop card, receives a confirmation of an amount of money in an account associated with the closed loop card, offers to purchase the closed loop card at an amount less than the amount of money in the account associated with the closed loop card, and upon acceptance of the offer, deactivates the closed loop card. The system then offers to sell the amount of money at a discount rate to a second user, receives acceptance of the offer to sell the amount of money at the discount rate, and associates a gift code with the amount of money for use by the second user. Gift codes can have no expiration date. A multi-process secure gateway can confirm the amount of money.Type: GrantFiled: October 2, 2009Date of Patent: November 18, 2014Assignee: GiftCodes.com, LLCInventors: Jason Wolfe, Mark Romanelli, Sanjay Akut, Mike Kelly, Mary Jane Kelly
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Patent number: 8820634Abstract: Disclosed herein are systems, methods, and computer-readable storage media for redeeming a closed loop card/code funded with an amount of money. The system receives from a merchant point of sale an indication of use of a closed loop card/code not issued by the merchant and presented by a consumer, queries and receives a confirmation of an amount of money in an account associated with the closed loop card/code, presents the consumer with an offer to buy the closed loop card/code at a discount price, and upon accepting the offer, closes out the closed loop card/code and pays the discount price to the consumer. Paying the discount price can include applying the discount price to a purchase by the consumer at the merchant. The merchant can provide cash back to the consumer for excess value of the discount price over the consumer's purchase. Merchants can apply more than the discount price.Type: GrantFiled: February 9, 2010Date of Patent: September 2, 2014Assignee: GiftCodes.com, LLCInventors: Jason Wolfe, Mark Romanelli, Sanjay Akut, Mike Kelly, Mary Jane Kelly
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Patent number: 8631999Abstract: Disclosed herein are systems, methods, and computer-readable storage media for redeeming a closed loop card/code funded with an amount of money. The system receives from a merchant point of sale an indication of use of a closed loop card/code not issued by the merchant and presented by a consumer, queries and receives a confirmation of an amount of money in an account associated with the closed loop card/code, presents the consumer with an offer to buy the closed loop card/code at a discount price, and upon accepting the offer, closes out the closed loop card/code and pays the discount price to the consumer. Paying the discount price can include applying the discount price to a purchase by the consumer at the merchant. The merchant can provide cash back to the consumer for excess value of the discount price over the consumer's purchase. Merchants can apply more than the discount price.Type: GrantFiled: October 2, 2009Date of Patent: January 21, 2014Assignee: GiftCodes.com, LLCInventors: Jason Wolfe, Mark Romanelli, Sanjay Akut, Mike Kelly, Mary Jane Kelly
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Patent number: 8500007Abstract: 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.Type: GrantFiled: February 8, 2010Date of Patent: August 6, 2013Assignee: Giftcodes.com, LLCInventors: Jason Wolfe, Mark Romanelli, Sanjay Akut, Mike Kelly, Mary Jane Kelly
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Patent number: 8152060Abstract: Disclosed herein are systems, methods, and computer-readable storage media for processing closed loop cards/codes. The method includes identifying a closed loop card/code having associated money in an account, receiving a confirmation of an amount of money in the closed loop card/code account, presenting an owner of the closed loop card/code with the amount of money in the closed loop card/code account and an offer to pay an offer amount for the closed loop card/code, receiving an indication that the owner accepts the offer, receiving the amount of money from the closed loop card/code account, and paying the owner the offer amount. Payment can be on an open loop card/code, cash, automated clearing house (ACH) to bank, check, merchant credit, or bill pay. The method can include generating a new closed loop card/code associated with the amount of money. The new closed loop card/code can be sold to another user.Type: GrantFiled: October 2, 2009Date of Patent: April 10, 2012Assignee: Giftcards.com, LLCInventors: Jason Wolfe, Mark Romanelli, Sanjay Akut, Mike Kelly, Mary Jane Kelly
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Patent number: 8152061Abstract: Disclosed herein are systems, methods, and computer-readable storage media for processing closed loop cards/codes. The method includes identifying a closed loop card/code having associated money in an account, receiving a confirmation of an amount of money in the closed loop card/code account, presenting an owner of the closed loop card/code with the amount of money in the closed loop card/code account and an offer to pay an offer amount for the closed loop card/code, receiving an indication that the owner accepts the offer, receiving the amount of money from the closed loop card/code account, and paying the owner the offer amount. Payment can be on an open loop card/code, cash, automated clearing house (ACH) to bank, check, merchant credit, or bill pay. The method can include generating a new closed loop card/code associated with the amount of money. The new closed loop card/code can be sold to another user.Type: GrantFiled: February 9, 2010Date of Patent: April 10, 2012Assignee: Giftcards.com, LLCInventors: Jason Wolfe, Mark Romanelli, Sanjay Akut, Mike Kelly, Mary Jane Kelly
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Publication number: 20110079644Abstract: 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.Type: ApplicationFiled: February 8, 2010Publication date: April 7, 2011Applicant: Giftcards.com LLCInventors: Jason WOLFE, Mark ROMANELLI, Sanjay AKUT, Mike KELLY, Mary Jane KELLY
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Publication number: 20100200655Abstract: Disclosed herein are systems, methods, and computer-readable storage media for generating a gift code. The system receives an indication from a first user identifying a closed loop card, receives a confirmation of an amount of money in an account associated with the closed loop card, offers to purchase the closed loop card at an amount less than the amount of money in the account associated with the closed loop card, and upon acceptance of the offer, deactivates the closed loop card. The system then offers to sell the amount of money at a discount rate to a second user, receives acceptance of the offer to sell the amount of money at the discount rate, and associates a gift code with the amount of money for use by the second user. Gift codes can have no expiration date. A multi-process secure gateway can confirm the amount of money.Type: ApplicationFiled: February 9, 2010Publication date: August 12, 2010Applicant: Giftcards.com LLCInventors: Jason WOLFE, Mark Romanelli, Sanjay Akut, Mike Kelly, Mary Jane Kelly
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Publication number: 20100205050Abstract: Disclosed herein are systems, methods, and computer-readable storage media for redeeming a closed loop card/code funded with an amount of money. The system receives from a merchant point of sale an indication of use of a closed loop card/code not issued by the merchant and presented by a consumer, queries and receives a confirmation of an amount of money in an account associated with the closed loop card/code, presents the consumer with an offer to buy the closed loop card/code at a discount price, and upon accepting the offer, closes out the closed loop card/code and pays the discount price to the consumer. Paying the discount price can include applying the discount price to a purchase by the consumer at the merchant. The merchant can provide cash back to the consumer for excess value of the discount price over the consumer's purchase. Merchants can apply more than the discount price.Type: ApplicationFiled: February 9, 2010Publication date: August 12, 2010Applicant: Giftcards.com LLCInventors: Jason WOLFE, Mark ROMANELLI, Sanjay AKUT, Mike KELLY, Mary Jane KELLY
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Publication number: 20100200652Abstract: Disclosed herein are systems, methods, and computer-readable storage media for redeeming a closed loop card/code funded with an amount of money. The system receives from a merchant point of sale an indication of use of a closed loop card/code not issued by the merchant and presented by a consumer, queries and receives a confirmation of an amount of money in an account associated with the closed loop card/code, presents the consumer with an offer to buy the closed loop card/code at a discount price, and upon accepting the offer, closes out the closed loop card/code and pays the discount price to the consumer. Paying the discount price can include applying the discount price to a purchase by the consumer at the merchant. The merchant can provide cash back to the consumer for excess value of the discount price over the consumer's purchase. Merchants can apply more than the discount price.Type: ApplicationFiled: October 2, 2009Publication date: August 12, 2010Applicant: Giftcards.com LLCInventors: Jason WOLFE, Mark Romanelli, Sanjay Akut, Mike Kelly, Mary Jane Kelly
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Publication number: 20100200654Abstract: Disclosed herein are systems, methods, and computer-readable storage media for processing closed loop cards/codes. The method includes identifying a closed loop card/code having associated money in an account, receiving a confirmation of an amount of money in the closed loop card/code account, presenting an owner of the closed loop card/code with the amount of money in the closed loop card/code account and an offer to pay an offer amount for the closed loop card/code, receiving an indication that the owner accepts the offer, receiving the amount of money from the closed loop card/code account, and paying the owner the offer amount. Payment can be on an open loop card/code, cash, automated clearing house (ACH) to bank, check, merchant credit, or bill pay. The method can include generating a new closed loop card/code associated with the amount of money. The new closed loop card/code can be sold to another user.Type: ApplicationFiled: February 9, 2010Publication date: August 12, 2010Applicant: Giftcards.com LLCInventors: Jason Wolfe, Mark Romanelli, Sanjay Akut, Mike Kelly, Mary Jane Kelly
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Publication number: 20100200651Abstract: Disclosed herein are systems, methods, and computer-readable storage media for processing closed loop cards/codes. The method includes identifying a closed loop card/code having associated money in an account, receiving a confirmation of an amount of money in the closed loop card/code account, presenting an owner of the closed loop card/code with the amount of money in the closed loop card/code account and an offer to pay an offer amount for the closed loop card/code, receiving an indication that the owner accepts the offer, receiving the amount of money from the closed loop card/code account, and paying the owner the offer amount. Payment can be on an open loop card/code, cash, automated clearing house (ACH) to bank, check, merchant credit, or bill pay. The method can include generating a new closed loop card/code associated with the amount of money. The new closed loop card/code can be sold to another user.Type: ApplicationFiled: October 2, 2009Publication date: August 12, 2010Applicant: Giftcards.com LLCInventors: Jason Wolfe, Mark Romanelli, Sanjay Akut, Mike Kelly, Mary Jane Kelly
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Publication number: 20100200653Abstract: Disclosed herein are systems, methods, and computer-readable storage media for generating a gift code. The system receives an indication from a first user identifying a closed loop card, receives a confirmation of an amount of money in an account associated with the closed loop card, offers to purchase the closed loop card at an amount less than the amount of money in the account associated with the closed loop card, and upon acceptance of the offer, deactivates the closed loop card. The system then offers to sell the amount of money at a discount rate to a second user, receives acceptance of the offer to sell the amount of money at the discount rate, and associates a gift code with the amount of money for use by the second user. Gift codes can have no expiration date. A multi-process secure gateway can confirm the amount of money.Type: ApplicationFiled: October 2, 2009Publication date: August 12, 2010Applicant: Giftcards.com LLCInventors: Jason WOLFE, Mark Romanelli, Sanjay Akut, Mike Kelly, Mary Jane Kelly