Abstract: A parking space management system comprising a plurality of parking meters and a backend server. Each of the parking meters includes a respective main body, processor, sensor and transceiver. The sensor is configured to sense visual information relating to one or more parking spaces associated with the respective parking meter and the transceiver is configured to externally transmit the sensed visual information. The backend server remotely controls the parking meters. The backend server receives the transmitted sensed visual information from the parking meters, processes the received sensed visual information via computer vision to determine an occupancy status of the parking spaces associated with the parking meters, and controls the parking meters to display a first status notification indicative of the determined occupancy status of the associated parking spaces.

Abstract: A method for inspecting an e-ticket on a mobile communication device of a user, including rendering the e-ticket on a display of the mobile communication device, wherein the e-ticket includes a ticket information area for displaying user related information, and a ticket validation area for displaying inspection related information when at least one predefined condition is met, enabling a ticket inspector to execute a checking gesture in the ticket validation area when the ticket inspector ascertains one or more predefined identifiers in the ticket validation area, displaying a confirmation code in the ticket validation area, upon execution of the checking gesture, enabling the ticket inspector to execute a confirmation gesture in the ticket validation area when the displayed confirmation code matches a predefined confirmation code, and marking the e-ticket as used upon execution of the confirmation gesture.

Abstract: A method is provided for evaluating operational and financial performance for dispatchers in power grid control centers associated with utility systems. A comprehensive operating plan is provided that applies after the fact analysis for performance metrics, root-cause impacts and process re-engineering. after the fact analysis of past events and practices is performed. Actual system and resource conditions are captured. the system and resource conditions are supplied to a relational database. A scheduler engine receives the actual system and resource conditions from the relational database and processes it to calculate system performance.

Abstract: Systems and methods for evaluating keyword performance include receiving history data indicative of online actions performed regarding one or more advertisements. A set of one or more keywords may be associated with the one or more advertisements. A performance metric for the set of one or more keywords may be determined using the history data, as well as a confidence interval for the performance metric. Confidence intervals for the performance metrics of different sets of keywords may be sorted and provided.

Abstract: A method of generating a recommendation of terms of an aircraft services contract is disclosed. Operations data pertaining to a planned usage of each aircraft of a fleet of aircraft is received. The operations data pertains to the fleet of aircraft for which an aircraft services customer seeks to enter into a services contract with an aircraft services provider. The operations data includes flight schedule data and flight policy data specific to each of the aircraft. Historical data pertaining to actual usage of other fleets of aircraft with respect to the flight schedule data and the flight policy data is analyzed. The analyzing includes generating an estimation of a risk associated with the services contract from the perspective of the aircraft services provider. An acceptable price for the services contract is generated such that the risk is mitigated from the perspective of the services provider. The terms pertaining to the service contract are communicated for presentation in a user interface.

Abstract: A method of managing a report for an incident via a remote server that includes receiving an indication of an occurrence of an incident from a first electronic device; receiving information for the generation of an incident report from at least two electronic devices; storing the information in a storage location associated with the incident; determining if the stored information includes all information required to generate a complete incident report; upon a negative determination, transmitting an indication of the stored information and of information needed required to generate the complete incident report to at least one electronic device of the plurality electronic devices; and upon a positive determination, changing the state of the storage location associated with the incident and generating the incident report from the stored information associated with the incident.

Abstract: Disclosed is a tasking system to assign individuals to tasks. The tasking system targets a user for the task based information in a user profile such as demographics, background and reputation of the user to perform a task. The tasking system predicts if a user will do a given task well based on a user's background, user's skill, and applied predictive algorithms. The tasking system manages the workflow of the task, assesses the probability of the user's answer being accurate, and continuously optimizes assignment and assessment of the task to improve data quality.

Abstract: A computerized trading system includes a master node and a plurality of regional nodes, the master and regional nodes each including a processor and memory, and where the master node is communicatively coupled to each of the regional nodes over a network. The master node and regional nodes are programmed to perform a method for updating limits for each of the regional nodes, where the master node maintains a global limit and a ratio representing a proportion of the global limit allocable to each of the regional nodes. The master node allocates to each regional node a local limit that is a proportion of the global limit in accordance with the ratio, and monitors the local limit utilization at each of the regional nodes. When the master node detects one or more events, the master node allocates a new local limit to one or more of the regional nodes.

Abstract: Embodiments herein describe a fog drone that selects, organizes, monitors, and controls a plurality of drones in a fleet. The fog drone receives a job to be completed from a dispatcher and identifies the resources for accomplishing the job such as the amount of material (e.g., fiber optic cable) or the type of drones (e.g., drones with RF antennas or digging implements) needed to execute the job. Using the identified resources, the fog drone estimates the number of drones needed to complete the job and can recruit available drones to form the fleet. Once the fleet is formed, the fog drone determines a number of drones to place on standby to replace active drones if those drones need to recharge or malfunction.

Abstract: A golf course maintenance system and method which comprises the input of a golf course and its shape, size and parameters into a computer-like system. The course is segmented into teeing grounds, fairways, one or more rough areas, water hazards, bunkers, and putting greens. Each such component of the holes and course is calculated into square foot or square yards surface area. Each such component is then calculated for maintenance purposes based upon cost components for maintenances, namely, cost and quantity of labor and Consumables such as fuel, energy, water, chemicals, fertilizers. The Course Officials can input into a CPU connected to a display screen the approximate configuration, length, width, and location of teeing grounds, fairways, rough, water hazards, bunkers, and putting greens. Each of these Course Components is then associated with a set of Processes to maintain them and each Process is associated with cost factors, e.g., labor, consumables resources such as fuel and water, etc.

Abstract: Optimization of event aggregation in an event-driven system is provided. An event queue is queried for a current event. A workload affinity coefficient that describes the current event, at least in part, is read. A database is searched for one or more matching workload affinity coefficients. The current event and one or more events that are respectively associated with one or more matching workload affinity coefficients are aggregated, thereby generating an aggregated event.

Abstract: A device management system includes a storage unit which stores, in advance and in correlation with device identification information set in each steam controller, location information indicating a location of each steam controller. The storage unit further stores in advance work patterns for the steam controller according to a classification based on a device type and an installation state of the steam controller. The system further includes a data extraction unit configured to extract from the storage unit the location information from the device identification information based on detection information. The data extraction unit is further configured to extract a corresponding work pattern from the device type and the installation state specified from the device identification information. A work information generation unit is included for generating work information including the extracted location information and work pattern for each work-target device.

Abstract: A method of providing a first set of computer systems with access to a recommendation pertaining to operation of one aircraft in one or more fleets of aircraft is disclosed. Operations data is collected at the first set of computer systems. The operations data pertains to operations of the one or more fleets of aircraft over a time period. The operations data is stored in one or more databases of a second set of computer systems. The operations data includes values corresponding to fields in the one or more databases. The fields represent at least one of policy data pertaining to one or more operations policies, flight schedule data pertaining to one or more flight schedules, and operating cost data pertaining to operating costs associated with the one or more fleets of aircraft. Assumptions of control input values are derived for use by the first set of computer systems based on the operations data.

Abstract: A method of presenting a recommendation in a user interface for use in optimization operation of industrial assets. Digital twins are generated for a set of industrial assets. The digital twins include data structures representing estimated states of each of a plurality of subsystems of the set of industrial assets over a time period based on an application of simulations using cumulative damage models. The cumulative damage models modeling the effects of exogenous factors on the operation of the set of industrial assets over the time period. Based on an uncertainty level of at least one of the estimated states transgressing an uncertainty threshold, directed actual state data is requested from an inspection system deployed in a field of at least one of the industrial assets. Based on a receiving of the actual state data, the data structures are updated to include the actual state data. The uncertainty level of the estimated states of each of the plurality of subsystems is also updated.

Abstract: An automated system to receive requirements of users and present them competitive products and services for selection, authorization, order placement, supplier invoicing and payment, all through a single system. The system brings together a number of tools to deliver the functionalities required to select most appropriate products and services from a plurality of supplier databases and may also incorporate user inputs as required. The system enables cost savings, manages suppliers, reduces costs of ownership, enhances catalog management, optimizes suppliers, enhances buyer experience and obtains legally compliant agreements with suppliers.

Abstract: Systems and methods deploy artifacts to a database in a self-organizing matter as a single transaction. An example method includes determining one or more root nodes in a dependency graph, the dependency graph including a node for each of the plurality of artifacts, each node having a respective dependency count, wherein the one or more root nodes have a respective dependency count of zero. The method also includes generating a work item for each of the root nodes and placing the work item in a work queue. In such a method, a plurality of workers can pop work items off the work queue in parallel and initiate deployment of the artifacts represented by the work items. Each worker of the plurality of workers can also reduce by one the dependency count of nodes in the dependency graph that are successor nodes of the root node deployed using the worker.

Abstract: Managing a mentorship program for both mentors and mentees involved with the board certified behavior analyst (BCBA) and a board certified assistant behavior analyst (BCaBA) accreditation programs may involve receiving a selection of a BCBA and a BCaBA accreditation type and/or experience level may be received from a mentee. A set of mentorship goals and tasks to be completed by the mentee may be established. The mentorship goals and tasks may be compliant with a BCBA and/or BCaBA accreditation program.

Abstract: The present invention is directed towards a method for evaluating driver performance. In exemplary embodiments, the method comprises receiving driver activity associated with a driver of a vehicle in a fleet, determining a driver score based on predetermined criteria and generating and updating a driver profile based on the driver activity and evaluating the driver score to generate rewards for the driver and updating the driver profile accordingly.

Abstract: An example system in accordance with an aspect of the present disclosure includes at least one exit criteria assigned to a stage in a lifecycle of a project. A status of the at least one exit criteria is updated automatically in real-time corresponding to source information. The stage may be selectively prevented from advancing in the lifecycle based on the at least one exit criteria.

Abstract: The invention relates to a method for managing a plurality of entities, comprising the following steps: reception (200) of a first event notification from a first entity indicating a first event associated with a first instant; selection (201) of a predictive model applicable to the first event; deduction (202) of a future event associated with a second instant following the first instant, by application of the predictive model determined for the first event; and display (203) of the future event in association with the second instant, on a web feed. After reception (204) of a second event notification indicating a second event associated with a third instant, the method further comprises the following steps: verification (205) that the second event is an event impacting the future event; and in the affirmative, updating (206) of the future event according to the second event; and display (207) of the updated future event on the web feed.

Abstract: Systems and methods are disclosed for connection multiplexing in a parallel processing environment. An example method includes requesting, responsive to a request to perform multiple database operations in a single transaction, a connection identifier for a physical connection to the database, providing the connection identifier to each of a plurality of workers, and performing the multiple database operations using the plurality of workers. Each worker may obtain a work item from a work queue, initiate a database request for the work item, and provide the database request to a database server. The database request represents one of the multiple database operations and includes the connection identifier. The database server may determine that the connection identifier corresponds to the physical connection, add the request to a connection queue associated with the physical connection, and execute requests from the connection queue against the database via the physical connection.

Abstract: A system and method is disclosed for parallelizing order-by-order planning in a supply chain network. The system includes a database configured to store data describing a demand priority sequence, each demand priority sequence comprising at least one demand of an end-item and data describing the supply chain network comprising a plurality of network components, each network component configured to supply one or more items to satisfy demand. The system further includes a server coupled with the database, the server accesses the data describing the demand priority sequence and accesses the data describing the supply chain network. The server further creates mapping tables for each end-item, generates a dependency map for each end-item, generates a list of demand levels, and generates an order plan of end-items for planning in parallel comprising the orders planned for the demands at each demand level.

Abstract: Methods and systems to dynamically and optimally sequence routes based on historical and real-time traffic conditions, and to predict anticipated traffic conditions along the dynamically generated route are disclosed. Route sequencing may be based on a set of predefined constraints, e.g., distance, time, time with traffic, or any objective cost function. The system of the present invention may be implemented in a vehicle fleet comprising one or more vehicles with one or more depots, or with no depots. An optimization server obtains real-time, historical and/or predicted future traffic, weather, hazard, and avoidance-zone data on road segments to generate a route, while staying within parameters and constraints set by an automatic machine learning process, an artificial intelligence program, or a human administrator. The platform may be coupled to sensors positioned on roads, e.g., speed radar or camera, and sensors positioned in vehicles, e.g., GPS system or on-board diagnostic sensor.

Abstract: A system and method are disclosed of operating a plurality of fulfillment centres, including a large fulfillment centre and a small fulfillment centre, each of the fulfillment centres being configured to fulfil customer orders. A first product and a second product are received at the large fulfillment centre. Desired quantities of the first and second products are picked at the large fulfillment centre for packing into a container, wherein the desired quantities include at least one of: quantities ordered by at least one customer to be fulfilled at the large fulfillment centre or the small fulfillment centre, and quantities predicted to be ordered by at least one customer and to be fulfilled at the small fulfillment centre.

Abstract: Embodiments relate to systems and methods for identifying out-of-stock situations based on customer shopping lists and patterns. A system for identifying out-of-stock situations can comprise an electronic shopping list, an inventory database, and a stocking status engine communicatively coupled with the electronic shopping list and the inventory database and configured to analyze the electronic shopping list and the inventory database to identify a stocking status of at least one item on the electronic shopping list in a retail environment. If a potential out-of-stock event is identified, the system can output a stocking personnel notification to either replenish stock of the item in the retail environment or relocate existing stock of the item to a new location in the retail environment.

Abstract: Apparatuses, systems, and methods are provided herein useful to determining qualities associated with products presented for sale in a shopping facility. In some embodiments, the system includes a transmitter located on a first side of a group of products, wherein the transmitter is configured to emit energy toward and through the group of products. The system can also include a receiver located on a second side of the group of products, wherein the receiver is configured to receive a transmitted portion of the energy emitted toward and through the group of products, wherein the transmitted portion of the energy emitted toward and through the group of products is used to estimate a stock level of a product display.

Abstract: Described in detail herein are systems and methods for detecting absent like physical objects at a first facility and replenishing the like physical objects from the second facility to the first facility. The system includes an autonomous robot device configured to detect absent like physical objects at a first facility and transmit an identifier associated with the like physical objects to a first computing system. The first computing system determines the need for the addition of the like physical objects in the first facility and transmits the data associated with the like physical objects to the second computing system. The second computing system corrects a perpetual inventory error associated with the like physical objects based on the received data and transmits instructions to an autonomous robot picker disposed at a second facility to replenish the like physical objects at the first facility.

Abstract: Disclosed are various embodiments for automated tracking of inventory levels in storage bins. In one embodiment, among others, an adjustable bin divider may comprise a supporting base that has a receiving slot at an end, the receiving slot comprising a slide channel that extends along a top portion of the supporting base; a radio frequency identification (RFID) tag that is attached to the supporting base; and a radio frequency (RF)-blocking slide divider that comprises a first panel with an RF shield and a second panel that has a narrowed end, the first panel being connected to the second panel at the narrowed end, the first panel being inserted in the receiving slot, the narrowed end fitting within the slide channel of the receiving slot, wherein the RF-blocking slide divider conceals the RFID tag from detection from an RFID reader at a position along the slide channel.

Abstract: Systems and methods are described herein for facilitating intermodal logistics. A web page that can include an ocean carrier control associated with a list of ocean carriers can be provided to a device. In response, ocean carrier input data characterizing a selected carrier from the predefined list of ocean carriers can be received. One or more input channels can be continuously monitored for gross mass input data characterizing a gross mass of a container associated with a shipment scheduled for the selected carrier. Verification input data can be received that is indicative of a verification of the gross mass of the container. The gross mass input data can be transformed into verified gross mass input data based on a validation of the verification input data. An electronic data interchange message (EDI) can be encoded based on the verified gross mass input data and the ocean carrier input data.

Abstract: An unmanned aerial vehicle (UAV) may be used to deliver a package. The UAV may include a communication interface configured to receive a request to transport a package from a customer and a navigation unit configured to direct the UAV to the package. The UAV may also include a sensor configured to determine one or more physical characteristics of the package and a calculation unit configured to calculate adjusted freight charges by comparing anticipated freight charges based on one or more physical characteristics of the package specified in the request to the one or more physical characteristics of the package determined by the sensor. The UAV may further include an acceptance unit configured to accept the package for transport based on the acceptance of the adjusted freight charges by the customer.

Abstract: An unmanned aerial vehicle (UAV) may be used to deliver a package. The UAV may include a communication interface configured to receive a request to transport a package from a customer and a navigation unit configured to direct the UAV to the package. The UAV may also include a sensor configured to determine at least one of a weight and a plurality of dimensions of the package and a schedule unit configured to adjust a pick up schedule for a one or more other packages based on at least one of the weight and the plurality of dimensions of the package.

Abstract: A method for transmitting perishable shipments in vehicles, including: a first communications module (M1) for establishing a communication connection to a communications terminal of a supplier which receives authorization data via a communications network (N1); a first identification routine for clearly identifying a supplier; a second communications module (M2) for establishing a communication connection via a wireless communications network (N2) to a communication device of a control device of the access assembly of a vehicle; a second identification routine for clearly identifying the system by the access assembly; a third communications module (M3) for receiving update request information from the driver; and an update routine for updating authorization data in a memory of the system.

Abstract: Methods, apparatuses, systems, and computer program products for interactive deliveries are provided. For an upcoming service point that is associated with a service point device, it is determined whether the item to be delivered to the service point is within an activation zone for activating the service point device. Responsive to determining that the item is within the activation zone, the service point device is remotely activated. Remotely activating the service point device triggers dynamical provision of an alert interface. An indication of user interaction via the user interface indicating availability of the user to receive the item is received. A notification of the indication of the user interaction is provided. If the notification indicates that the individual is available to receive the item at the service point, the item is delivered to or picked-up from the service point.

Abstract: A method for integrating and managing a shipment request using a cargo tracking application, the method includes: accessing, by a portable terminal, a cargo shipment management server through the application, receiving shipment course items of cargo, and displaying the shipment course items; receiving, by the portable terminal, an input screen for shipment details information from the cargo shipment management server, displaying the input screen, receiving the shipment details information, and transmitting the shipment details information to the cargo shipment management server; completing, by the cargo shipment management server, a receipt of a shipment request by receiving the shipment details information and providing shipment request receipt information to the portable terminal; providing, by the cargo shipment management server, the portable terminal with information about a car dispatching of a container truck; and providing, by a ship location providing server, the portable terminal with information ab

Abstract: In some embodiments, apparatuses and methods are provided herein useful to collecting and processing image data relating to retail deliveries. In some embodiments, there is provided a system for capturing images of merchandise delivery containers, the system comprising: at least one unmanned aerial vehicle (UAV) having an optical sensor for capturing image sequences; a memory device for storing the captured image sequences; an image database including images of at least one of text, symbols, logos, graphic designs, and pictures from known merchandise delivery containers; and a control circuit configured to: receive the captured image sequences; compare the image sequences with the images from the image database; determine individual images in the image sequences that match the images from the image database to identify merchandise delivery containers; and determine, based on the image sequences, address information corresponding to the geographical locations of the identified merchandise delivery containers.

Abstract: A courier management system for parcel pickup and delivery scheduling using a courier management web application run through a smart electronic device for the delivery of merchandise. Persons and businesses can request a driver to pick-up/deliver merchandise without resorting to traditional shipping options. A package is picked up by a driver and delivered the same day. Drivers have the option of choosing routes closest to the pick-up and delivery locations, and all information is processed through the courier management web application including pick-up and delivery locations, driver licensing information, and online payment for services.

Abstract: In one embodiment a method includes storing in non-volatile memory a library of equipment configuration code files, each equipment configuration code file including configuration code for configuration and control of a work vehicle, for configuration and control of an attachment to be carried or towed by the work vehicle, or for combined configuration and control of both the work vehicle and the attachment in combination, receiving an altered version of at least one equipment configuration code file, the altered version including OEM data provided by or altered by an original equipment manufacturer of the work vehicle or the attachment, dealer or distributor data provided by or altered by a dealer or distributor of the work vehicle or the attachment, and user data provided by or altered by a user of the work vehicle or attachment, and storing the altered version in the non-volatile memory of the library.

Abstract: A system and method for just in-time reverse logistics management directed to receiving one or more product orders associated with one or more individual SKU's; tracking one or more products SKU's through a cyclical product lifecycle, matching a product order with a product in the cyclical product lifecycle; assembly the product order based on the priority hierarchy; and shipping the product order based on the priority hierarchy.

Abstract: Disclosed is a compliance database and management system for auditing, assessing, and tracking the compliance of companies and their suppliers and method for performing the same. A method for performing supply chain compliance includes collecting supply chain data, such as information about one or more suppliers, compiling (e.g., building) the supply chain data (e.g., into a database) and providing the compiled supply chain data so that the data is accessible to a user. The compiled supply chain data can be analyzed, filtered by one or more parameters, organized by one or more parameters, or a combination thereof by a user.

Abstract: A message service method using a character, a user terminal for performing the same, and a message application including the same are disclosed. The message service method comprises the steps of: identifying a chat mode related to a method of expressing the contents of a chat; and displaying, in a chat room, the contents of a chat between a user terminal and a counterpart terminal according to the chat mode, wherein the chat mode may include a first chat mode in which 3D characters corresponding to the user terminal and the counterpart terminal are used, and a second chat mode in which the 3D characters are not used.

Abstract: A task tracking method includes recognizing, through a message communication tool, and tracking, as a task, a message that includes project information associated with a project or complete date information of a task associated with the project; identifying a member and a non-member of the task in response to tracking the task; and assigning the task associated with the project to the non-member through the message communication tool and granting a right to use the task so that collaboration is performed between the member and the non-member perform.

Abstract: The disclosed embodiments provide a system for processing data. During operation, the system obtains a global version of a statistical model and a user-specific version of the statistical model for a user. Next, the system applies the global version to member features of the user and job features of a set of jobs to generate a first ranking of the jobs for the user. The system then applies the user-specific version to the member features and the job features for a highest-ranked subset of jobs in the first ranking to generate a second ranking of the jobs for the user. Finally, the system outputs at least a portion of the second ranking as a set of job recommendations.

Abstract: A system determines an intent of a current user who is interacting with an online social networking system, and requests information from the current user based on the determined intent of the current user. The system then receives the requested information from the current user, and provides a service or information to the current user based on the intent of the current user and the information provided by the current user.

Abstract: Provided are a system and method for performing a job search using a digital profile of a user. In one example, the method includes providing an assessment comprising a plurality of questions to a user, generating a digital profile based on answers by the user to the questions included in the assessment, the digital profile including attributes of the user that are determined by a profile server based on the answers, comparing the digital profile to available job opportunities to determine an available job opportunity having predetermined attributes matched by the attributes of the digital profile, and providing information about the available job opportunity having predetermined attributes matched by the attributes of the digital profile to a mobile device of the user.

Abstract: Systems and methods for importing information about job opening candidates or employers into a database are provided. Information is extracted from a store of job candidate information and imported into the database. References or contacts, e.g., from letters of recommendation, work history items on a resume, and other documents, may also be imported. Accounts and/or profiles for the imported entities may be created. The imported entities are sent an invitation to use and/or sign up for the system. The imported job applications may be grouped by the job being applied for and each group associated with a particular job listing in the database. The system may automatically create job listings if no association can be made. Job listings may be cross-posted to other job listing services, and information from received resumes/job applications may be imported.

Abstract: Embodiments of the invention are directed to a system, method, or computer program product for building an assistance program aggregation network. The invention generates and builds an assistance program aggregation network comprising a multitude of assistance programs and related program information compiled into a single resource. In this way, the program aggregation system may generate user-specific profiles in order to match eligible users to applicable assistance programs. Furthermore, with the authorization of the user, the system may assist the user in automatically populating and submitting applications related to assistance programs allowing for convenient and efficient program enrollment.

Abstract: The invention provides an online meeting controller operable to connect devices having installed an online meeting application which is operable to present a user interface for the device. The user interface of each device is operable to display data from the other device so as to allow users at each device to participate in an online meeting. The controller is operable to communicate with a relationship manager which is operable to identify a user of a device as a host for an online meeting and identify a user of a device as the participant to be invited to the online meeting by the host The controller is also operable to receive first validation data which validates a device as a host device for an online meeting to be operated by a host of the meeting and second validation data which validates a device as a participant device to be operated by a participant invited to the online meeting.

Abstract: A method of providing a recommendation for optimizing operations of a set of industrial assets is disclosed. Digital twins of the set of industrial assets are generated. The digital twins include data structures representing states of each of a plurality of subsystems of the set of industrial assets over a time period. The states are estimated based on an application of simulations using cumulative damage models. The cumulative damage models model the effects of exogenous factors on the operation of the set of industrial assets over the time period. The digital twins are analyzed with respect to simulated operating performances to determine an optimized control of operations of the industrial assets. The optimized control of operations is calculated to jointly and severally to increase the specified operating performance criteria in time present and future of the industrial assets or decrease an economic risk associated with the operation of the industrial assets, within a specified probability.

Abstract: 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.

Abstract: A method for conducting monetary and financial transactions in an economy by treating amounts as collections of distinct individual, minimal, and indivisible units of account, each of which has a persistent identity and history throughout its lifecycle. A method is disclosed for conducting monetary transactions on the basis of appending the record of relationship between each individual unit of account and its respective owners throughout the lifecycle of the unit. Further, a method is disclosed for identifying the units in binary computer notation and assigning specific informational content to each unit by designating various sub-sections within the binary identifier of each unit to hold specific information and values relevant to the unit.