Patents by Inventor Steven Suh

Steven Suh 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).

  • Publication number: 20190164148
    Abstract: A virtual gift card bank buys gift cards discounted from their face value. These gift cards are bought from secondary gift card vendors or from individuals looking for cash or an exchange. A large bank of gift cards is compiled, consisting of cards purchased by the bank and cards uploaded by various sellers. Then consumers are offered use of these gift cards at prices less than the face value but with profit added to the transaction. When possible the bank combines multiple little gift cards into one big one. A consumer only needs his smart phone to utilize any gift card in the database to purchase goods at a discount, sell unwanted gift cards, and deposit his monies into his bank accounts. Subsystems include inquiries into retailer systems to ascertain gift card values, performance of anti-fraud services to retailers, and on the fly valuation of optimal buy and sell prices.
    Type: Application
    Filed: November 20, 2018
    Publication date: May 30, 2019
    Inventor: Steven Suh