METHOD AND SYSTEM FOR ELECTRONIC NATIONAL FINANCIAL INSTITUTION GIFT CARD CREATION AND REDEMPTION

摘要

Embodiments of the present invention provide a method, system and a point of sale device for generating and redeeming a virtual gift card. In accordance with an embodiment of the present invention, a virtual gift card associated with a financial institution is generated, the virtual gift card being redeemable at merchants that accept forms of payment associated with a financial institution. The virtual gift card includes a computer readable code that corresponds to a gift card amount. The virtual gift card is sent to a recipient. The computer readable code is received from a wireless mobile device at a point of sale. The gift card amount is applied as at least partial payment for a purchase.