Abstract: A clearinghouse system facilitates the transfer of value of various forms, including monetary transfers, between parties as well as the monitoring and control of such transfers. The clearinghouse system may include a global framework that defines the operation of regional implementations of the system such that they may interoperate with a global hub of the system. The regional implementations may communicate with value exchange environments and client devices to facilitate, monitor, or control value transfers. A pending payments system is provided as well to effectuate direct transfers of value, including currency, between a consumer and merchant.

Abstract: A system and method are disclosed for protecting funds associated with a stored-value instrument, such as a gift card, by way of a non-limiting example. The system and method provide an ability to assign a deactivated status to a stored-value instrument in response to a deactivation request. The system and method further provide an ability to change the status of a deactivated instrument in response to a reactivation request. The reactivation request includes reactivation information assigned for the instrument in response to the deactivation request. The system and method maintain information on the status of an instrument, which status can be used as part of an authorization process to authorize a transaction in which the instrument is used.